What is going on with ERBB at the moment? Hard to tell, really. The last press release came out three weeks ago and was of the fluff variety, announcing yet another collaboration, this time with Endexx Corp. (OTCMKTS:EDXC) and spoke in vague terms about plans for co-developing a platform that will help standardization in the pot industry.
The real question is, what is going on with the ZaZZZ machines. Frankly, the ZaZZZ was the reason why ERBB managed to reach those $0.06 a year ago. The ZaZZZ and the loads of empty promises made by company management back in the spring of 2014. People who bought as high as $0.10 per share in late March 2014 will remember a certain CNN Money piece quoting president Stephen Shearin's expectations to have 1,000 ZaZZZ units operating in US dispensaries by Christmas 2014.
Investors will also remember how technology first got in the way before the original ZaZZZ launch date in June 2014. This was the first in a long string of excuses, promises of refining the machine and its software and more missed launch deadlines.
The ZaZZZ finally launched in early February 2015. Since the launch, the grand total of installed ZaZZZ machines still has not reached 20. Allegedly, 18 machines were shipped out, even though the location of only a dozen is firmly known. Out of this dozen, only TWO show up as “online”, i.e. fully connected to the Internet and having their full catalog imagery loaded. There is no information on whether the units that are not “online” on the ZaZZZ Network site are actually fully operational and are used on a regular basis.
It has been almost three full months since the ZaZZZ launch, and in those months ERBB managed to post a quarterly report that showed $243 thousand in revenues but also $2.28 million in net loss. Within almost three full months, there has been no information about any new orders outside of the 18 machines that began shipping out of ERBB's warehouse back in December 2014.the fact that by now ERBB is likely ver
CAN'T PUMP THAT