The stock of Tranzbyte Corp. (PINK:ERBB) went up 15% yesterday following a free trade alert. The company has just issued a new PR to keep the ball rolling.
Yesterday, ERBB came in at $0.0075, up 15% from its previous close. More than 19.9 million shares of common ERBB stock changed hands by the end of the session, six times higher than the average volume and the company’s second highest turnover for the last six months. All that was induced by a free promotional email.
A couple of hours ago, the company announced that its subsidiary (and former name bearer) Altitude Organic Corporation had made another acquisition to its growing network of dispensaries in accordance with its Zazzz counter-space co-op program. Altitude Organic Corporation is focused on providing business support services to retail dispensaries using cannabis for medical purposes.
Last month, ERBB filed an interim financial report covering the six-month period ended Dec. 31, 2011. The company closed this period with:
- $3,883 in cash;
- negative working capital in excess of $3.3 million;
- six-month revenue of $21 thousand;
- six-month net loss of $466K.
