{"id":5294,"date":"2014-11-27T15:12:55","date_gmt":"2014-11-27T15:12:55","guid":{"rendered":"\/?p=5294"},"modified":"2014-11-27T15:13:27","modified_gmt":"2014-11-27T15:13:27","slug":"interest-in-american-green-inc-otcmktserbb-dropping","status":"publish","type":"post","link":"\/articles\/interest-in-american-green-inc-otcmktserbb-dropping\/","title":{"rendered":"Interest in American Green, Inc. (OTCMKTS:ERBB) Dropping"},"content":{"rendered":"\n

After a disappointing report and a small percentile hiccup on the chart, the daily dollar volume generated by American Green, Inc. (OTCMKTS:ERBB<\/a>) dropped to under $200 thousand in Tuesday’s session. The stock closed at $0.0126, or 2% in the red.<\/p>\n

The $197 thousand worth of ERBB<\/a> stock that changed hands yesterday represents the company’s lowest dollar volume in a little over a month. The company is doing a very good job of keeping quiet about its Zazzz machines. Combining this with the rather dismal report ERBB<\/a> dropped for Q1 of its new fiscal year, it’s no wonder investors are shying away.<\/p>\n

The company’s latest quarterly showed a mere $60 thousand in revenues. The $1.7 million pre-order of ERBB<\/a>‘s Jurassic Water units announced on April 24 obviously never materialized in revenues. The acquisition of OG Tea announced in a PR from September 12 is recorded under ‘Potential acquisitions’ in the report, meaning it was not finalized as of late November, even though the September PR claimed ERBB<\/a> ‘has acquired’ OG.<\/p>\n

This whole mess and lack of proper transparency concerning what’s really going on with ERBB<\/a> is the least worrying thing about the report. Far worse was the new $1.2 million in convertible debt that can be turned into ERBB<\/a> shares worth roughly $0.0005 for another month. Come 2015, the conversion price would go to around $0.0035 as the notes have fixed, toxic discounted conversion provisions.<\/p>\n

ERBB<\/a>‘s Zazzz vending machine is still just around the metaphorical corner – exactly where it’s been over the past six months. The company seems unable to actually round the same metaphorical corner and actually come forward with a fully operational design, despite showing footage of multiple half-finished iterations.<\/p>\n

An hour before the opening bell today, ERBB<\/a> dropped a PR, announcing a division of Digital Brand Media & Marketing Corp. (OTCMKTS:DBMM<\/a>) will be doing branding and delivering traffic to ERBB<\/a>‘s ‘suite of businesses’. DBMM<\/a> is called a ‘leader in the industry’. If traders would take the time to look up DBMM<\/a>, they would discover it’s a pink sheet company trading at $0.0001, with a market cap of $285 thousand as per its latest outstanding shares reported. How this could match anyone’s idea of a leading marketing and branding company is, frankly, beyond us.<\/p>\n","protected":false},"excerpt":{"rendered":"

After a disappointing report and a small percentile hiccup on the chart, the daily dollar volume generated by American Green, Inc. (OTCMKTS:ERBB) dropped to under $200 thousand in Tuesday’s session. The stock closed at...<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1557,173],"class_list":["post-5294","post","type-post","status-publish","format-standard","hentry","category-news","tag-dbmm","tag-erbb"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/5294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=5294"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/5294\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=5294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=5294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=5294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}