InvestorsHub Logo
Followers 115
Posts 4799
Boards Moderated 3
Alias Born 01/10/2014

Re: nopancakemix post# 8798

Wednesday, 01/29/2014 12:38:45 AM

Wednesday, January 29, 2014 12:38:45 AM

Post# of 18744
ERBB DD (based on logic and figures not magic and pixie dust)

ERBB, much like phot, is only apparently solvent because on an unaudited "goodwill" line item. ERBB is claiming 3 million dollars in goodwill. (And 1.2 million in IP)

http://www.otcmarkets.com/financialReportViewer?symbol=ERBB&id=113798

Their "IP" is in a space where there are freely available open-source tools or is a bordering on a pyramid scheme, Yo Debit. And another ... is... (see below)

http://www.otcmarkets.com/financialReportViewer?symbol=ERBB&id=113798

and the evaluation is ridiculous. So if you remove those items the company lost 6 million or so to get 60k in revenue.

The company did a nifty move by issuing preferred shares at $1 instead of options. Then diluted the common shares each time. Currently, there are 3.75 billion shares. I am not even going to track through all the incarnations of this "company".

The corporate address for ERBB (taken from their rather nifty website) is really this place...

http://www.onebode.com/public/default.aspx

Which, is strange to me that a lot of these "hype" stocks seem to be selling very similar products.

Hmm...

http://www.associatesofwealth.com/OneBodeMLMHomeBusiness/whymlm.htm

Well, it appears to me that all these nutrion companies are just AmWay clone scams.

ERBB is just a stock ticker of a bunch of failed companies coming together. Now how is this even worth someone's time?

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.