systems that probably don't work to birds of prey in the amazon rain forest. Company Headline: This is a significant victory for us here at ESNC as this shows just how dynamic of a product we have here and the extreme efficiency and cost savings we can provide to our end users. This is legitimate as birds of prey are often over-heated and out of energy after flying and swooping down to capture small rodents. This is not like Honam stealing our technology for a couple million dollars or the Chinese project that they are pillaging us with or Sunflower, or the one elevator installation in Hawaii that it seems like it took 5 years to complete.
The great thing about this project are the Birds of Prey have agreed to create white papers for us, not like all of the other products that have been put out there. Leader of the Birds of Prey says in a quote ~ We are extremely pleased to be partnered up with ESNC and have agreed to #$%$ all over whatever papers they have so they can have white papers to discuss the product.
Just having some fun while this bleeds to death and takes everyone's money.
and being under water like 98% on their investment. Probably a reverse split coming again so their original 6 million shares will be down to like a 150,000.
They've been pillaging shareholders for the last 5 years or more with their compensation. Should probably have a product people want, sales and not blowing 4 million a quarter in order to earn pay like that.
Why would anyone want to invest in a company with no products, no sales and high expenses? How is that cummings deal going?
Different symbol same clown team running it for the most part. I wonder what investors they are going to suck in for another round of funding with the promises of a bright tomorrow. Did anyone ask what happened to the Cummings partnership on the last call? Did they even take questions that weren't staged?
you can issue a bunch more shares and make it look like a company that isn't worthless. Yet the large shareholders do nothing, but keep voting these people in like there are no other options. How many people couldn't run a company that doesn't have products people want and wastes a ton on operating expenses and payroll. A half a million in revenue for a quarter? Really? A lemonade stand in NYC and a good panhandler in San Fran could make that.
They used to have tangible revenue on a quarterly basis not from them or Sunflower. The only good thing this company has ever done was partnered with Cummings and they wrecked that as well. They have no revenue and no sales and somehow their losses remain the same on a quarterly basis for half a decade.
They had less than 300k in revenue, half of the same period a year ago and yet increased expenses by 200,000. Way to go. I remember when this company actually used to have revenue.
And Eric, who destroyed all that value got promoted................................................................
I'm not wasting my time getting on.
1) Why have they burned through 8.3 million in cash this quarter?
2) What happened to the Cummings Deal that was supposed to generate up to 1 million a quarter when fully going (clearly cummings pushed this garbage company aside when they couldn't deliver or the product didn't work).
I'm around and still watching this. I don't see how this has any chance. The purchase of the product from ZBB was basically funded from ZBB giving them shares etc. What a deal. I need your product to grow my business so in order to partner with you I want you to give me a ton of shares so I can sell them and pay you for selling me the product...lol. Embarrassing. What is even more embarrassing is that they deemed Eric worthy of a promotion......it's like a weatherman, you are wrong most days and you still stay employed and in this case promoted so you can continue to pillage naïve investors out of the their money while you work on your other ventures.
I'm not sure who you are referring to, but if its me I assure you I'm not short and in fact lost quite a bit of money with this company on the long side. I know more about this company than you can even dream to think you know. If it was such a great deal, a company with a 40 million market cap signing a deal worth 80 to 120 million, shouldn't we be trading at 1.80 to 2.70 just to have revenue equal market cap??
LMAO. We see your type all the time on message boards. Do you even understand the agreement between the two companies.... do you understand that the company that ZBB partnered with is presently going through a Redomicile Merger with two other companies and their business is defined as being exempt under the laws of the Cayman Islands.
Do you realize they are supposedly paying ZBB 36 million dollars based on revenue in the trailing 12 months of 90 million not to mention the agreement is 80 to 120 million based on TTM revenue of 90 million?
Do you realize the partner of ZBB has 8 million preferred shares over 30% below current market value. Do you realize they have 28 million series C preferred shares over 30% below market value. Do you realize they can purchase 50 million more shares over 20% below current market value?
Do you know what that means? That means ZBBs "partner" will own way over 2/3 of the company. So basically ZBB gave away the controlling rights to their company in order to raise cash and have a supply agreement. Does ZBB even own the other 1/3 of the company or does Lotte and China own it?
Shareholders here are screwed and don't even know it.
Great work! Sounds like a company really moving forward! So if this stock went to a 1.67 ZBB's partner could sell all their shares and basically make 80 to 120 million off of ZBB stock and preferred.... HMMMM. Supply agreement is 80 to 120 million?? So ZBB basically funded their own supply agreement with another company!