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Wow, American Green dumped 200 million shares since the last rally.
3.49 billion shares outstanding now
Looks like there has been an increase
I wouldn't be surprised. As soon as American Green realizes they can't print and sell more shares, they'll reverse split again. They've done it multiple times.
Get ready for a share increase
Usually happens when they push out multiple fluffy press releases
American Green is pumping out the press releases in an attempt to boost stock price... it isn't working. Quality not quantity!
83 million sell volume so far
Debenture noteholders are dumping as it goes up, squashing any chance of a run. Which isn't a surprise. American Green issued 970 million shares since the start of the year.
Net loss last quarter was $471,000
In a single quarter.
American Green has over $11 million in outstanding debentures and interest.
Look, I can copy and paste stuff from press releases too:
American Green Adds Free Hand Sanitizer to Every Online CBD Store Order
That's what we're doing, right? Flooding the board with soundbits from random articles to boost post count?
Too bad American Green only collects management fees. Still losing millions every year.
Face it, this stock is toast. The company is a scam. People got duped once again on false promises.
Speak of the devil
Well that was a short lived pump and dump
Unaudited flim flam share selling scam company
Another day, another red close. Shows the price was only held up by hype and no one actually believes in this company's false promises.
Paid promotion in effect, pump and dump
Oof, down from 0.007 to 0.0041 in just two days.
Not a real winner here, huh?
All those debenture noteholders who got their shares at 0.0006 are thanking you for buying their shares they have been dumping. Guaranteed seven times profit for them today while the stock gets diluted to crap.
American Green has some of the worst conversion rates of any stock company, 50% off the 52-week low. They issued 970 million shares this year alone at 0.0006 per share. No wonder they are swimming in debt - but they don't care, the share printing scam lines their own pockets.
Timberrrr LOL
With American Green there is always a gap to be filled because they issued 970 million shares at 0.0006 this year alone.
0.0043 and dropping
4.85 billion authorized shares
Big oof to all the new bagholders.
American Green has and always will be a share printing scam company.
Closed at 0.0046 today in the red. I guess the market doesn't care about this "news" LOL
Like I said, slow bleed down. Whomp whomp.
Keep an eye out for those after-market T-Trades as American Green dumps millions of more shares on the hype train.
Yeah, and they also said they were going to build a dispensary in Tempe, AZ back in 2016 and never did. Same with Nipton in 2018.
All this company does is make empty promises.
Doubt it. Again, they said the same thing about the last grow facility and it is still costing American Green millions in losses.
$11 million in debt
Imagine thinking 970 million shares being issued at 0.0006 is great news.
American Green only leases the grow facility
They collect a "management fee" and that's it. The real sales revenue is funneled through outside companies.
Take a look at the financial report to see how much the current facility is making them. For three months ending March 31st, 2021, the grow facility netted them a whopping... $536,000. Not too bad. Cost of operation is $148,000, making a net profit of about $388,000.
Net losses for that same period exceeded $471,000... mainly as a result of salaries, staff consultants, officer compensation, interest on loans, and rent and utilities.
They can't even break even. This company is so riddled with expensive debt and high operating expenses that even a fully functional 12,000 sqft grow facility still sees net losses of millions per year for American Green.
Fine, the float is at least 3.12 BILLION shares. LOL.
https://backend.otcmarkets.com/otcapi/company/financial-report/284150/content
Trash company!
American Green has issued 970 million shares since the start of the new year at an average price of 0.0006 per share.
DILUTED SCAM!
Can't run with 3.29 BILLION shares to go around
American Green pays all their expenses with shares
Lol, welcome to ERBB. This stock is going to be diluted to nothing like it always has been.
Experienced investors know to stay away from this one.
They boasted the same thing about the last grow facility, yet they are still losing millions every year and have $11 million in debt.
DUHHHH.
Trash company has $11 million in debt
Slow bleed down as American Green continues diluting their stock by printing shares to keep the lights on.
American Green Launches Motion Picture Company
https://www.otcmarkets.com/stock/erbb/news/American-Green-Launches-Motion-Picture-Company?id=199463
Oh wait... LOL
American Green to Form PAC and Research Institute within the Nipton Industrial Park
LOL
What a SCAM company.
Exactly, they can say whatever they want. Doesn't make it true.
Just like their past press releases that never came true!
Do you know their last facility took four years to build and cost over $4 million? Yet they still post losses every single quarter. Hmmm.
Sounds like a scam to me.