Unless there is buyout any of the former longs still holding after this two day run are out of their freaking minds. It's still the same product that doesn't sell, the same management team that doesn't execute etc. I bet there are a lot of happy long time longs thrilled to get out break even at almost .50 price adjusted pre-split.
Pretty certain If I still had a position here I would use this opportunity on the follow through pop this morning to liquidate my entire position and get out of dodge. I wonder if we'll see insiders selling once the quarter ending black out period is over. If I were them I would be selling. 2.00 high today and a close at 1.30?
WOW. I don't follow the company close enough now to see that. Reading that It is quite surprising you don't see class action lawsuits popping up on the news section. I would say that is quite material information that was neglected to be told in a forthright manner. Basically they just made sure if they have to liquidate in bankruptcy the lotte group will take control of the product so there will be no assets for anyone else to take beside a few machines inside of a junk building.
Just a final thought in regards to your post. The hardest thing one can do as a trader or investor that is in deep and down a lot is sell. That means you have to admit you were wrong and human nature dictates that nobody likes to admit they were wrong, they would rather blame it on some external reason for their demise in a position rather than just look in the mirror and say "wow, I really f -- d that one up.;...time to get out and live for another day". There will be a dead cat bounce in this, it is just a matter if the dead cat bounce starts at .80 and goes to 1.20 or if it starts at .40 and goes to .60. My mistake was this stock had bounced back to almost .50 mid to late last year and I had my finger on the sell button (I would have gotten out with a profit) and I was greedy hoping for more rather than listening to reason.
I moved ZBB money into ERB after doing some homework on it. I made about 50% and I had to sell. I could have had a triple b/c I bought around 1.20 to 1.25. Going through some personal issues that do not allow me the ability to have any resources in the market. I am hoping to start back into the market somewhere in the May to June time frame. I will have plenty of due diligence done in a plethora of areas to have a bucket list of stocks. There are also a few very intelligent folks on this board with some good ideas. Ironically, for as horrendous as this company has done and as bad as management is this is still a surprisingly good Yahoo Message board.
If you haven't made a move yet, listening to that last conference call and reading the earnings report I don't see what the point of the company is to be still going as an entity in a publicly traded market. There is nothing here. No management, apparently no product that someone wants and apparently no product good enough to warrant a follow on order of any sort (or the white pages to go with it), now they have given up most of the world to the Koreans who will eventually take this for pennies on the dollar. What would ZBB do at the end of the agreement with Lotte Group if they just start producing the product themselves, throw their own name on the Enerstore and start selling it around the world and didn't pay ZBB a dime and said "Sue Me if you want your money".
Perhaps you should post the handbook on identifying a pumper..... Page 1: Hold up a mirror and look into it. The End.
If Management didn't suck there wouldn't be bashers on the board. Frankly with as bad as things are I have no idea how on Earth this thing is not sitting back under .50 again. No worries though, it will be.
There hasn't been real sales in a year. They have little money and gave away almost all of the world to Lotte Group. There has still not been a follow on order or white pages....why is that? Why does each version of the EnerStor get no sales, yet they keep making another version to become cheaper yet the price points never change....
This company has a less than 5 percent chance of making it and that is being nice. Being a distant observer now this company is actually a train wreck, a dumpster fire, a blind zoo keeper in the grizzly bear display.... etc. Eric is defeated, period.
I never understood folks who are underwater so they decide it's better to hold until the end rather than get some of their money out and put it somewhere else to make their losses back up. If I didn't have to sell ERB within about 3 weeks of buying it all my ZBB losses would have been made up there already since that September time frame.
Are you talking to me with that last post? I'm fine. I made some back in ERB and I am unfortunately completely out of the market b/c of things going on in my personal life. I hope to be back in late this year if things get completed in a reasonable time period.
Reading that earnings report that is absolutely horrendous. They basically have no repeat sales still in the company's history ~~ where's Nidon? Cottage Gardens? Any of the defense projects? The data facility? NOPE. They keep reinventing the wheel to make it cheaper b/c the prior version each time sucks. There backlog is higher simply b/c they are recognizing the Lotte Agreement terms as backlog ~~~ #$%$. They are out of money again by September of this year and are looking at lines of credit in case they have funding gaps? Who the heck would give them a line of credit outside of the insiders giving it to themselves with great terms. Glad I was out pre-split at .22 even though it was for a big loss.
He was canned and I'm quite sure it was unexpected. Jeff, send me an email and I'll send you something absolutely hilarious about ZBB that I got today. You will laugh your ace off and it really shows the state of ZBB and the caliber of folks working there. .
In briefly reviewing it, it appears they gave up the entire far east, except for China, just to get enough cash to surivive. Perhaps I'm mistaken.