{"id":4275,"date":"2014-04-02T12:12:26","date_gmt":"2014-04-02T12:12:26","guid":{"rendered":"\/?p=4275"},"modified":"2014-04-02T12:12:35","modified_gmt":"2014-04-02T12:12:35","slug":"tranzbyte-corp-otcmktserbb-in-the-red-again","status":"publish","type":"post","link":"\/articles\/tranzbyte-corp-otcmktserbb-in-the-red-again\/","title":{"rendered":"Tranzbyte Corp. (OTCMKTS:ERBB) In The Red Again"},"content":{"rendered":"\n

Tranzbyte Corp. (OTCMKTS:ERBB<\/a>) had been on a steep path to the bottom of the charts until the latest news of their ZaZZZ hit the wire last Friday. The announcement hyped investors up and afforded ERBB<\/a> two sessions in the green, but now that the press release is old news, the ticker’s crashed again – no less than 10.22% this time.<\/p>\n

Although this turn of events was sudden and dramatic, it wasn’t exactly unexpected. In an earlier press release ERBB<\/a> had stated that it is highly likely that the first ZaZZZ machine would be out on the street by the end of March 2014. <\/p>\n

While it obviously failed to deliver on that account, at least the company gave us a final release date – April 12. This announcement certainly gave investors a cause to once again jump at company stock, and as a result the ticker soared. However bursts of media attention can only push a financially unstable company’s market value up so much before its share price starts crashing again. This is especially true in ERBB<\/a>‘s case. <\/p>\n

To elaborate – press releases may appeal to the general public, but the only truly reliable source of information on the activities of penny stock companies are their offcial filings. ERBB<\/a>‘s latest quarterly filed report was particularly unconvincing – it covered the period ended Dec 31, 2013 and revealed the following figures:<\/p>\n