----Fugazi. Fugazi. It's a Wazy. It's a Woozie----
ERBB is a complete fraud. Below is all the DD you will ever need to know ERBB may be fine for a trade but it is absolutely not a legitimate company to invest your capital.
The scumbag COO/president Shearin can't even confirm if OG Tea has been acquired AND OG TEA IS SUPPOSED TO BE ONE OF AG'S BIGGEST REVENUE DRAWS. Email and Tweets from shareholders go unanswered. Earnings reports show OG Tea as BOTH an "acquisition" AND a "potential" acquisiiton. I've been calling out the OG Tea fraud since February 2015 when ERBB's BS quarterly report dropped.
I'm one of those who believes in the MJ industry but the OTC MJ Penny plays like ERBB are a joke. Most, ERBB especially, are complete fraud share selling scams.
TWO YEARS OF COMPLETE FAILED DEALS.
See below: https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=133134
These 2 paragraphs are from the last quarterly report (link above) where OG Tea is listed as BOTH an "acquisition" AND ALSO a "potential acquisition"??????:
Acquisitions OG Tea
On September 10, 2014, the company acquired OG Tea, Inc. that sells its own proprietary blend of microbial nutrients primarily designed for the cannabis growing industry to accelerate plant growth. The cost of acquiring all of the outstanding shares of OG Tea is $100,000 of cash, $1,500,000 of the Company’s common shares based on the trailing thirty (30) day average strike price as of the Effective Date and the assumption of its liabilities of approximately $321,000. In the event that Seller’s net revenues exceed $1,000,000 during the twelve months following the Effective Date, then Buyer shall pay a performance bonus of $400,000 for that year.
On September 16, 2014 the Company entered into a memorandum of understanding to acquire OG Tea that has a line of fertilization products that have been reported by is customers to enhance the growth of plants. The Company is still completing the details of the acquisition that will involve the issuance of the Company’s common shares and employment agreements for key executives of OG Tea.
More DD http://seekingalpha.com/instablog/40890845-night_falls/4182905-erbb-the-dizazzzster-that-is-american-green
Here is a list of complete failures starting as far back as January 2014.
This is not “rumormongering,” as AG would have it, what is below is pure DD. The info is not in chronological order but it is straight from the horses mouth, some editorial spice mixed in as well.
As you will see below there is about 2 dozen examples of AG failing in “acquisition agreements”, “partnerships” , “joint ventures”, and “mergers.” Not sure why Trackx would be any different.
PARC Dispensary – First in a long host of failures for Zazzz. Or should I be saying a failure of hosts for Zazzz? http://ih.advfn.com/p.php?pid=nmona&article=60770356
“PARC Dispensary “first” to carry Altitude Organix Zazzz vending machine.”
Yeah I don’t see PARC on the awesome Zazzz website. I wonder how that worked out? Oh wait, 5 days later it fizzled….. http://ih.advfn.com/p.php?pid=nmona&article=60827968
“Shipping” Zazzz to 3 states and 4 dispensaries. http://ih.advfn.com/p.php?pid=nmona&article=62286320
Oddly enough, the dispensaries were never even named. Like that matters
More Zazz Deployed – Ballpark Holistic – REX CHAPMAN http://ih.advfn.com/p.php?pid=nmona&article=63525745
Never happened but made for a great PR! Rex Chapman unofficial company “spokesman” in his last move before getting arrested for grand theft from an AZ Apple store! http://www.azcentral.com/story/news/local/scottsdale/2014/09/22/in-store-video-shows-chapman-stealing-abrk/16049517/
FutureWorld – 6/5/2014
1500 machines added to the Zazzz network!!!! http://ih.advfn.com/p.php?pid=nmona&article=62461538
But wait cause FutureWorld returns in 6 months later for another “agreement” in 2015 http://ih.advfn.com/p.php?pid=nmona&article=65269966
Endexx (ED*C “partnership)
I couldn’t find the PR about this but who knows what the deal is there. Stephen has never disclosed details of that partnership with 1 of 2 ERBB and Zazzz competitors.
“Real time access to all things Zazzz” http://ih.advfn.com/p.php?pid=nmona&article=65737839
What a dumper of a website!
Herbal Elements – ZAZZZ STATUS – MACHINE RETURNED
February 2014 – Herbal Elements becomes the “first” recipient of Zazzz http://ih.advfn.com/p.php?pid=nmona&article=61151366
Well, we know what happened here……..
Doctor’s Orders - ZAZZZ STATUS – MACHINE RETURNED http://ih.advfn.com/p.php?pid=nmona&article=61866883
Yeah, the second Zazzz placed. Did nothing and was ultimately rejected by Docs Orders.
Hempful Farms – ZAZZZ STATUS – MACHINE RETURNED
Don’t have a link. Google it yourself. Chris, Hempful Farms owner was pumped about the machine, even shot some videos on YouTube. Of course, AG screwed up somehow and that relationship soured.
Exhale Med Center – ZAZZZ STATUS – UNUSED BY CUSTOMERS http://ih.advfn.com/p.php?pid=nmona&article=65659481
Used by a few customers but dormant for the past 2 weeks. Next in line for return.
Seattle Caregivers 1/29/2015 – ZAZZZ STATUS - UNKNOWN
More Zazzz placements! A live streaming event which turned out to be Stephen and some clowns hamming it up in front of a Zazzz http://ih.advfn.com/p.php?pid=nmona&article=65279473
Tomassi Patents http://ih.advfn.com/p.php?pid=nmona&article=63359210
Another acquisition, or securing of something that has not been utilized or otherwise applied.
Revenues DOUBLE?!?!?! http://ih.advfn.com/p.php?pid=nmona&article=64726154
Boy that didn’t happen on the earnings report. This isn’t a “forward looking statement.” Revenues doubling are NOT opinion, they are numerical fact. Unfortunately, in this case it’s a total lie.
Failed Jurassic order from iMD http://ih.advfn.com/p.php?pid=nmona&article=61947275
100 unit order for “$1,700,000”, later revised down to $1.17m but finally never executed and shrugged off by Stephen during a stoner radio interview even though $1.17m is more than 4 quarters of current revenues.
Abattis (ATTBF) “Strategic Production, Sales and Distribution Partnership” http://ih.advfn.com/p.php?pid=nmona&article=61543673
From March 2014. Aaaaaand what ever came of this….NOTHING.
Green Universe http://ih.advfn.com/p.php?pid=nmona&article=62698043
Hmmmm…..in this vast desert of failure, is this acquisition just another mirage?
Still questionable acquisition. The 2014 Q4 report had a paragraph about OGTea being an both “acquisition” AND “potential acquisition”. http://www.otcmarkets.com/financialReportViewer?symbol=ERBB&id=133134
Truth Lighting http://ih.advfn.com/p.php?pid=nmona&article=63459874
Some pics and tweets of a plantless grow room with a Truth LED array on the ceiling does not make a grow facility, nor does it represent healthy quarterly sales revenues. Nor does slapping an AG stencil on some lights make it an “acquisition”
“Generate revenues, increase market control”…..? AKA sell shares of our crap companies
On May 1, 2014 Tranzbyte to “executes agreement” with USEI to build and facilitate test grow facility in Denver. Uh and hows that working out a year later? http://ih.advfn.com/p.php?pid=nmona&article=62047575
Hemet Grow Facility 8/05/14 http://ih.advfn.com/p.php?pid=nmona&article=63157120
Ok. So the Denver facility with USEI never went through?
Tranzbyte selects SmarterSign for “Cloud-Based Solutions” for Zazzz. Cloud based, as in a fart cloud or stink and misery?
The little discussed CloudTalk deal that never came to fruition