Tranzbyte Corp. (OTCMKTS:ERBB) Up on Fictional News
On Friday the share price of Tranzbyte Corp. (OTCMKTS:ERBB) shot up nearly 29% and reached $0.03 per share. The ticker that was wobbling quietly in double-zero land before the January marijuana hype kicked in is now consistently moving hundreds of millions of shares on a daily basis.
We last covered ERBB immediately after their latest press release that came out last Monday. The article in question already looked at the company’s deflating financial situation. The real question is why did ERBB suddenly spring up in double digits?
With no new press announcements and a single half-hearted pump email coming near the close of Friday’s session, there seems to be just one explanation for the jump. ERBB was covered on the infamous Sierra World Equity Review website, and the piece in question suggests that the company will release groundbreaking news next Monday, February 24.
Traders on discussion boards are already asking questions about the so-called news published by Sierra. Here is a bit of information that should give investors an idea how credible Sierra’s blog is. Sierra claims to be a hot female supermodel who makes market forecasts. The disclaimer under the very piece on ERBB states that Sierra is a fictional character and the blog contains ‘entertainment and fictional posts’. Sierra’s ‘portfolio’ also contains a blog called Short This Pig.
It’s also worth keeping in mind that Sierra’s ‘countless accurate forecasts’ touted on her Twitter profile include the likes of TagLikeMe Corp. (OTCMKTS:TAGG). Back in October 2012 when TAGG was soaring on hype and pumps, Sierra predicted a potential buyout deal in which Microsoft would acquire TAGG. Over the next two months the ticker dropped from $0.40 to under $0.05. TAGG is currently trading near the absolute bottom, at $0.0005.
Even if we drop all those hilarious details about Sierra and her ‘investment advice’, publishing this sort of thing would constitute disclosure of insider information and wouldn’t be a smart thing to do, if Sierra’s blog wasn’t based on fictional ‘news’ published for entertainment purposes.
Investors are advised to do their own due diligence and use official public filings as their source of information instead of a random blogs maintained by fictional characters, publishing fictional news.
