American Green Inc (ERBB)

[Night_Falls]

Technically Fugly, Deadman's Gap and a Reality Check
http://stockcharts.com/h-sc/ui?s=ERBB&p=W&yr=2&mn=0&dy=0&id=p99657325218

Worst chart, ever.

This wasn't catching a falling knife, this was like trying to catch a swinging buzzsaw with your Adam's apple. Just a bloody massacre. Technicals are buried so deep in a grave and ERBB is a rotten carcas of a once promising being.

A few months back when ERBB was trading above a penny, I called out the unclosed .0025 gap as something to watch for. Those with paid subscriptions could probably dig up the post with a simple search. The weekly chart above shows the gap in Dec 2013 and we all know the reason for the boom.

Gaps always seem to get filled. At .0028 right now, the unclosed .0025 gap is staring this freight train right in the locomotive but unless there's a rocket on aboard or trains start to fly, ERBB is going to experience the burn part of crash and burn. Too bad for ERBB that there are no real decent gaps above. The grind down from .113 has been fairly orderly despite the bloodbath. There is a small open gap around .006 from May 2015 and that gap is equally likely to close, ideally after the .0025 gap closes for a more stable rally if it happens but, due to many people here having cost basis above .01, my guess is that most couldn't care less about .005

Fundamentally ERBB is in free fall because despite the rally cries, American Green has no real business model or products. Remember it's not the fall that kills you, it's the landing at the bottom, which for ERBB is likely zero because the company has no credible value. All AG "management" has "managed" to do thus far is lose stock value, piss off shareholders, fail at business deals, line insider pockets with money and make equal fools of everyone from company executives to MJ supporters to retail investors/trades to clients to customers.

This company reeks of desperation. Bogus business deals, recycled PRs, ridiculous forward looking statements, silly videos of executives, outdated company websites, bad stuff all around. ERBB and American Green make a mockery of the credible and booming MJ industry. For years I have seen the MJ industry flourish and millions of legal dollars are being made by the real players. Public OTC embarrassments like ERBB and many others are part of the real problems facing the MJ market. Scammers like Shearin and Shuman are trying to abuse the great promise of hemp and MJ. This industry doesn't belong to scammers or even massive corporate entities like big pharma, big tobacco, and big liquor. It belongs to those who have struggled for decades to fight against the oppressive prohibition of MJ , those who have cultivated the domestic MJ market from black to light gray, and those who have risked their lives to further expose the potential of MJ. People like Marc Emery, the D'Angelo brothers, Mike Boudin, the CNN High Profits kids, the NORML founders, Ed Rosenthal, Jorge's Cervantes and all the others who care deeply about bringing legitimacy to the herb, those are the people that deserve to reap the rewards.

Not the greedy, shady, scummy, hype chasing, share selling sleaze like AG management that have oozed their way into the MJ business.