Tranzbyte Corp. (OTCMKTS:ERBB) Soaring Higher Than Ever

Tuesday’s rabid climb has officially taken Tranzbyte Corp. (OTCMKTS:ERBB) further up the charts than it has been in the last two years. The hype of February 2013 had managed to drive the company to a high of $0.0149. Yesterday’s trading session took the ticker from a bit below said standing all the way up to $0.019.

The company has certainly formed an impressive chart pattern over the last few days. Their growth rate in the most recent sessions include market value jumps of a 57.53%, 25.00% and lastly – 31.03%. Said charts make for an excellent demonstration on how high a ticker can run on pure hype. Because hype’s the only thing that keeps the ticker going up.

There is nothing to suggest that the company is advancing in any way. There are no new and promising filings or disclosure that could sway potential investors. The last 10-Q ERBB filed contains disconcerting figures – as of Sept. 30, 2013 ERBB had $2600 cash on hand, topped by $4.6 million current liabilities and a quarterly net loss of about $289 thousand.

It also bears notice that while Tuesday’s trading session may have sent ERBB in the clouds, another significant event took place on the same day. A press release from the company hit the wire well after the trading session was over, announcing that PARC and Tranzbyte have agreed not to proceed with the placement of Tranzbyte’s ‘age-verifiable’ (sic) ZaZZZ machine.

Despite the optimistic tone of Tranzbyte’s press release on Jan. 22, 2014, it turns out that said release was based on a verbal agreement with PARC. The agreement could not be put to paper due to later disagreements.

This development certainly has the potential to seriously shake ERBB‘s market standing, as press releases and newsletters promoting said endeavor seem to be the only things pushing the company upward at the moment. Apart from the hype, of course, but it is becoming all too obvious how sometimes hype is not enough, especially in the market’s present unstable state.

Companies that were heavily hype-driven such as Growlife Inc(OTCBB:PHOT) and GreenGro Technologies, Inc.(OTCMKTS:GRNH) are a perfect example – they were jumping sky-high on Monday, only to grind to a halt or begin their plummet during the next session.