Obviously you don't understand the deal between the companies. Why would Lotte pay ZBB anything for product? Did you look at the actual initial deal that was entered into or do you just randomly make stuff up.
I would also suggest re-looking at the latest deal and the potential dilution and how cheap ZBB basically sold the company for should they actually get things going.
Waiting for what? It's been the same garbage for a half a decade. Awful revenue, terrible control of expenses (how do you lose 4 million dollars every quarter not selling anything or building anything), constantly declining back orders, loss of sales (where did that cummings deal go to?). Then Eric with his cape comes on the conference calls with talks of fluffy bunnies, rainbows and the promised land that they are getting close to. Then reality sets in and products don't gain market acceptance so they attempt to switch them to 'the next big thing' which ultimately fails. Then after the rainbows and bunnies another dilution is sure to follow all the while they are giving themselves more and more options. The American Dream!
Really, isn't that what they did with China, Cummings, Lotte the "big credit card company" they partnered with. Did Eric mention that they basically sold the entire company for like .70 a share? Is this company another Sunflower?
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!
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??