I thought Tranzbyte already had rfid technology. Tanzbyte being the old technology company that transformed into AG. They were saying we already have rfid tech and that will position us to do well in the mj sector. SMH.
You're right that is totally unacceptable. But what is more unacceptable is promising distributing thousands of the machines before the new year. Also, treasonous, saying we are doubling revenues every month and then they report the quarterly's(late of course) and the revenues are 1/4 of a million bucks. Stephen Shearin was short with me at the Avon, Zazzz unveiling. I thought it was troubling. The CEO needs to take time with each shareholder. And couldn't agree more, the guy looks like hell. Out of shape, what's with the haircut? Ponytail to a uhhh, I'm not quite sure I want to cut it real short so I'll do this weird Adams family style and then t shirts with blazers? #$%$ is he a stand up comedian with no style sense? Lol. They were doing fine with the last CEO. He's a big man, had a very strong presence, friendly, amicable. Shearin has got to go. The share price is being sabotaged by debentures and the debentures are being used to fund the business when they need to fund the business with strong sales and tight cost controls to pour the free cash flow back into the growth of the company. The Zazzz is gimmicky and has a lot of obstacles to overcome to be successful. It's just a vending machine.
Depends on if they can retire all of those debentures and spike revenues. If they can do those things and keep bringing down the COGS, they have a chance. A reverse split would be in the future to decrease float. At this point they just need to stay quiet and post quarterlies that are improving. And for crying out loud post them ON TIME!! No need for all the fluff press releases and CEO letters to investors, nor the You tube videos. Shearin the knowledge. Come on! CEO needs to stop with the little look at me, I'm a CEO of a company song and dance and execute. Still have no idea why they don't own a dispensary in Colorado and Washington. That is where the acquisitions need to be focused. I should be running this company. Come on Shearin. Lay down the pipe for a minute and get some sales.
The wall unit is the way to go not the monster coke machine style Zazzz. It's too costly and takes up too much room and it has to be a pain in the #$%$ to ship those beasts.
It's a startup when they change the company name, focus, products and services from just over a year ago. 14 years are all the other companies it WAS. NOT IS. Get it straight Luke(Jon).
Morons they sell products out of the machines for a percentage of the sales. The way to make money is from multiple machines in multiple locations. That network is being set up NOW!! It takes time. They also get revenue from sales of OG Tea and the Jurassic system. You idiots have no clue. You just spread mis "MIS" information. You can't spell, you end sentences with prepositions. You are low paid, low hanging fruit, trailer trash morons.
They are good. They are on pace for $1m a yr. in revenue. And this isn't including Zazzz machine sales. Durrr. Now with costs coming down they may break even next qtr.
Really? They just placed the machines. They then have to be stocked with product and then people have to get used to how they work. Then the sales start showing up. Durr. That all takes time moron. Pay attention. They aren't always in the red. They are a startup. They had to build the machines, that costs money, idiot.
Yeah and? They did double revenues that was two qtrs ago. We are talking about the current qtrly report. Nice try Jon. You are erbbsucks too. Rudy's exgf now Jon? Still working in a female industry Jon renting apartments are ya? Fits you. Come out of the closet already Luke, I mean Jon, wait who are you? Do you even know anymore?
They don't sell the machine. They are leased. Also, they get percentages of sales from the machine. You don't understand anything other than spreading misinformation Luke(Jon).
Go look at the financials they have $254k in cash. Nice. Aren't you the guy that says don't post facts you'll be labeled a basher. Ha ha. Lies nothing but lies out of you bashers. There is a fact that refutes your lie. NEXT!
They have cash. You either can't read financials or didn't and are here for one reason. To bash. Hi Luke. Jon how many handles did you create this time to bash a company that most people could afford to lose their investment and it wouldn't make a difference. But if by chance improvements continue this could be a big payout.
Ha ha, you got 2 thumbs down. Rudy's ex girlfriend now? You're gonna end up in a ditch someday.
Wrong. In a year they went from zero revenue small losses and no business plan. They were still in the business of shutting down the video conversion business and they were extremely unfocused. These losses are expected when you roll out a brand new strategy. Am I pleased with the consulting fees and debentures no. But they are improving. They will eventually turn a profit and debentures are being paid back. I hope they get a bigger piece of hemp sales and actual plant sales. Larger revenues and smaller losses is a good thing. Your bashing can't spin it. You have zero credibility here. You are known as a penny stock basher. Sad Jon that's what you are. A hater.
I agree. Add some value post facts. The financials are full of facts. I've been pointing out rising revenues(while not fast enough for my liking) and shrinking costs(I'd like to see ZERO consulting fees, run the company yourselves). I don't love the debentures but they are a necessary evil until revenues get to say and MJNA level. Which is $14m in revenues take a look at what an MJ company can do. They can get there too but they need to find out what MJNA is selling so much of and mimic that on some level. Peace. Ignore bashers. Look up the facts. Ignore bashers.
Longs stop engaging the bashers. LukeChen is erbbsucks and many other aliases. His real name is Jon. He hits on other guys ex girlfriends and uses other peoples skills to try an profit instead of just working hard. Why else take the path of bashing? Bashing is a loser job for negative people with no skills. Ignore the bashers this ompany is turning the ship slowly in the right direction. The stock isn't tanking on Tuesday like they want you to think and hope to make you sell. Just ignore them. Look how hard they are trying to create fear when there isn't any. Financials improved and they hate that. I have issues with debentures and consultant fees but that's my job as an investor to find the areas for improvement. Their jobs as bashers are to instill fear. Ignore them all or just mostly Jon(Luke) whom is multiple bashing aliases right max oshrin and chainmai1l over on the Identa board. LOL! Durr. Nice try Jon. Get a life. Stop trying to tear down other peoples success.
And the financials are improving. Its going to take time. The Zazzz sales haven't even begun. They need to sell more of tea and jurrasic systems.
That's an issue that management needs to fix. They are stating loud and clear we need help so we hired consultants. That tells me Shearin is wrong for the job. Put Gwyther back in charge. Shearin was a consultant durr. Consultants are overpaid blow hards. All talk just like SS. Get him out. Good
foundation though but most of this foundation was made by Gwyther. Shearin just likes to act like he knows something. He's a b.s artist. That's proved by hiring all the consultants. I met him in person as well. He is flippant and arrogant. T shirts lol. What is the a lemonade stand. Sell the products. Still at least they slowed the costs.