You're silly. I'm not bitter, I lost money in the stock. Isn't the first time I lost money in the stock market and won't be the last. I have made money in the stock market and will make money again. You lost a hell of a lot more money than I did in the stock, you just haven't sold yet so it's technically "a paper loss". I actually sold at a significantly higher price than what the stock currently is at pre-reverse split factored in. Management has proven one thing and one thing only, they cannot execute this business. The past is not always a predictor of the future but it certainly can be a guide. You obviously kept investing in the company and have accumulated a substantial position. Yes, I know the song that 500k in shares here is pocket change to you so it's not a worry, but a loss is a loss and nobody likes to lose money or else they are a fool.
Actually your post is pinning me very incorrectly. The market is a gamble and I'm not bitter at all and only occasionally view this stock. However, facts remain facts, they worked 5 years on products that don't work after working 10 years prior to that on products that didn't work. A global leader of products that nobody wants and don't work is a bit of a stretch. Unfortunately, it is worth noting these things as new investors come here don't think this is all sun and glory and about to go tot he promised land, b/c we all thought that for 5 years and it turned out all we got was no sales, lot's of shelf offerings, reverse splits and a way over-paid management team.
Now all of a sudden you sound like they are justified in revising the product and supporting them saying this is typically what companies do, even though they were already on the V3 of the other product so apparently all those 'field applications' did not help them from the original product, to V1, to V2, to V3 to whatever they are on now. Why on Earth would we believe they are now all of a sudden on the right path with a complete product change when all of the same people who couldn't execute prior are now in place. You've got silly talk going on now as the stock hovers near or at all time lows in the history of the company. .
They put in press releases their global leading products and adding another product to their huge product portfolio of products that don't work and nobody wants. Spectacular. Same ole ZBB. I can imagine their after hour parties at the facility as they laugh and mock all the dopes over the years, including myself, that funded the company and paid their salaries to accomplish nothing. Well, since there were a couple of releases, must be time for another shelf offering.
As with many times before, ZBB 'works' with outside sources to post articles hoping for a stock pop and then somehow capitalizing off of it.
Not to mention gas heading below 2 shortly, which will certainly delay and crush AE projects as well just like it's getting to the point of hurting shale drillers. Thank you Mr. Putin for allowing gas to get cheaper putting more money in my pocket b/c I drive a lot!
I only gave my last name initial and they wouldn't put me through until I gave a fake name. They didn't want to get hammered in the call.
I sat in traffic for hours tonight, believe me I wasted no time listening to the cc with the staged questions from those two guys.
And that was horrendous. just the same make believe stuff eric has touted for 4 years. the most ridiculous part is they keep touting themselves as the "leaders" in energy storage. are you flipping kidding me...they are the leaders in fairy tales, dilution, non-sales, blowing shareholder money, declining revenue, lacking execution, creating products that aren't working and then creating more, horrendous hiring, ridiculous jv's that are useless, lacking leadership, lacking sales, lacking any credibility at all on wall street which is why they trade at their asset value.
wake up shareholders and get some of those clowns out of there.
I know, right. Someone at the annual meeting, if they are having one, should ask them where are the white pages for all their successful products.
In reality that was the only good thing the company has ever done was issuing those shares over 2.00 with all the hype going on.
Another new product??? They can't get the products they are on version 4 of to work correctly in the field by their own admission so let's keep working on new products that won't work....
You can't be serious. The insiders were buying shares for years and are all seriously underwater. If he will be sued for slander what is the company going to be sued for, for outright lies on multiple occasions over the years. Also, why are any of them compensated a penny for crushing shareholders for 5 years and getting no sales.
Nothing is going to happen, nothing will ever change. I was at the headquarters in the past for a visit and I was at an annual meeting. It's all talk and no show just like it's been the last 5 years. Eric should be hired to do infomercials on TV...that he would be great at.
Too bad ZBB doesn't know how to make a sale nor do they have the people to execute a business transaction any bigger than 1 to 5 units.
It's not dumb for the execs that get another 20 months of salary and then they will pillage more investors to getting another 20 million to go 20 months after that.
ZBB has been public for a long time and the only thing they have accomplished is proving they cannot execute or grow the business. No, ZBB is not anywhere near as good as MSFT in the garage days.