Starbucks press release was desperate, just like all their their other releases. Big deal, starbucks in two locations is doing a free trial, show me real customer traction, show me the money, more importantly show me US$5m in revenue which Joanna keeps promising is coming in this year ("all in q4"). If this was a good "silicon valley" company, it would have been funded in silicon valley. This company has no revenue and on the face of it, no business model as yet that customers are willing to pay for.
Stock technically is going to $2. Only thing stopping it going to $0 is the placement they recently did, although I will suspect it ultimately trades lower than cash.
Starbucks press release was desperate, just like all their their...
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