{"id":5407,"date":"2014-12-11T12:15:12","date_gmt":"2014-12-11T12:15:12","guid":{"rendered":"\/?p=5407"},"modified":"2014-12-11T12:25:29","modified_gmt":"2014-12-11T12:25:29","slug":"american-green-inc-otcmktserbb-rises-on-pr-again","status":"publish","type":"post","link":"\/articles\/american-green-inc-otcmktserbb-rises-on-pr-again\/","title":{"rendered":"American Green, Inc. (OTCMKTS:ERBB) Rises On PR Again"},"content":{"rendered":"\n

It seems that PR is still a potent tool in the hands of American Green, Inc. (OTCMKTS:ERBB<\/a>), that the company is willing to use as much as it can. <\/p>\n

Yesterday ERBB<\/a><\/strong> produced yet another vague and overly optimistic, but somewhat confusing announcement about fantastic revenue growth and unreasonable-looking growth projections. Statements like “I see no end in sight”, “everything we’ve hoped for”, “deliver on every level” and numerous superlatives about ERBB<\/a>‘s <\/strong>management team and product were heaped sky-high in that publication.<\/p>\n

In fact, the tone of the PR was not dissimilar to that of a pumper who was desperately touting the company’s stock. Which is a dubious move, especially since ERBB<\/a><\/strong> still has $3.5 million worth of convertible notes, that would convert at massive discounts due to the fixed percentile discount provisions.<\/p>\n

If one takes the time to factor in the dubious PR, the horrendous share structure and ERBB<\/a>‘s <\/strong>continued failure to roll-out its ZAZZZ vending machines in spite of multiple promises, this latest jump becomes even more miraculous.<\/p>\n

As it is, the fact that ERBB<\/a><\/strong> is currently not traded at double zeros is a wonder in and of itself – but that’s marijuana hype for you. As we all know, it can cause a ticker to behave oddly – it has done so in the past, and will continue to do so in the foreseeable future. This is why investors need to be extra careful when dealing with marijuana-related companies.<\/p>\n

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