Voted a “Strong Sell” according to Barcharts.com, the penny stock of Tranzbyte Corporation (ERBB) is hoping to roll some bags up and get them smoked today. With expectations of a huge gap for the more than 2 billion shares outstanding sub-penny, ERBB stock is getting its play on thanks in part to a group session to get the most out of the dead marijuana stocks sector before the holiday. Many who are new to hearing that the Company plans on having its automated marijuana vending machines active next quarter are subject to a rude awakening after they jump into this one.
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ERBB Stock Quote
Market Cap: 10.73M
Tuesday Close: 0.0044
Issued and Outstanding: 2,439,265,310
14-Day Rel Strength: 35.96%
14-Day Stochastic: 7.69%
1st Resistance Point: 0.0047
1st Support Level: 0.0041
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The news today that Tranzbyte Corp. has purchased the YO! Debit Card Network and are looking to sign people up via www.yomastercard.com is just another reason why traders will get duped into buying ERBB stock today.
Tranzbyte’s ERBB stock has to be the 2nd worst marijuana stock to trade at present. The worst is undoubtedly the Alternative Energy Partners, Inc. (AEGY) / SK3 Group, Inc. (SKTO) combination that has some novice traders believing that becoming the exclusive on-line and smart phone ordering platform providers for Collectives managed through the SK3 Group system is going to be anything more than a puff of smoke.
ERBB stock is leveraged to the hilt, with just over 300 million more shares available to disperse before having a share structure similar to Bebida Beverage (BBDA). Even worse is that, as of March 31, 2013, Tranzbyte had less than $500 in the bank ($469 to be exact) and $0 revenues still.
As a former pot head and lover of the whole “legalize marijuana” agenda, it is not gonna be so simple as to see these little pinksheet listed penny stock companies like ERBB, AEGY and SKTO come into a market that is going to be worth hundreds of millions of dollars when it opens up. All this news and board pumping is nothing but a method of being able to sell some worthless shares onto unsuspecting believers who have their bongs packed next to their trading desks.
About ERBB Stock
Click here to view the financial filings for ERBB on OTCMarkets.
Click here to view the website for Tranzbyte.
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Marijuana focused penny stocks had their day back in November when Colorado and Washington State said “Yes” to legalizing it. It will take months, if not years, for the pipe dream to come to fruition but one thing is for certain, ERBB will never bank one single penny off of revenues involved with any automated marijuana vending machines. The YO! Debit Card acquisition is just more proof how the Company is targeting pot heads to hold their worthless ERBB stock.
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