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American Green, Inc.
2902 W. Virginia Avenue
Phoenix, AZ 85009
David G. Gwyther
2902 W. Virginia Avenue
Phoenix, AZ 85009
Tranzbyte Corporation - Hong Kong
Mr. John Martin
Rm 802, 8/F, Kai Tak Commercial Building
317-319 Des Voeux Road Central,
Hong Kong (SAR)
PanPacific International, Inc. (US)
2902 W. Virginia Avenue
Phoenix, AZ 85009
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317-19 Des Voeux Road Central
Suite 308/3F Kai Tak Commercial Building
Hong Kong (SAR)
Phone: +1 852 3106 3332
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Board of Directors list
CAUTION REGARDING THIS PR !!!!!
American Green, Inc. Purchases Town of Nipton, California,With
PlansTo Develop Premier Cannabis Hospitality Destination
WELCOME TO MAGICAL NIPTONS ( COMEDY CORNER )
UPDATE ABOUT NIPTON POSTED BY AG -- BUYER BEWARE
Mike Rosati already taking back words about "Pot City"
Quote: You heard it folks. Grow dispensaries and cultivation is something that is not going to happen anytime soon, and all the initial press releases about it being a marijuana mecca have been fluff lies.
"We may have come at it initially thinking grow and dispensaries and that, but the more time we spend out here, the more we realize while it’s something we still want to pursue, it’s not going to happen right here in the town," said American Green's vice president of marketing, Mike Rosati.
Instead of highlighting cannabis-centric entertainment, Rosati pointed to Nipton's other options: the neighboring Mojave National Preserve, stargazing, mountain biking and exploring old mines.
Consuming marijuana will still be part of Nipton's pitch to tourists. Visitors just won't be able to buy it there.
Cannabis is no longer the highlight of Nipton. Just another gateway town to the Mojave. As an investor in this company, this pisses me off! We've been told that Nipton, CA was going to be transformed into this marijuana tourist destination, and that American Green was going to invest $2.4 million into making that happen. Now the vice-president of marketing is trying to put focus onto stargazing? mountain biking? old mines? American Green lied.
BUYER BEWARE !!! TOXIC FINANCING
American Green (OTCPK:ERBB) boasts as being one of the first publicly traded “cannabis” or “medical cannabis” companies in the world. Unfortunately, aside from selling a few hats with weed leaf logos, American Green has never made a dime actually selling cannabis or providing any cannabis related service, and likely never will. Under current laws, publicly traded companies cannot even generate revenues from the sale illegal substances.
Despite many claims of booming business models, the revenues generated by American Green come from Convertible Debt. For those who are not familiar with this toxic behavior, American Green issues ERBB share to Convertible Debt holders in exchange for cash to fund operations. The shares granted to CD holders are discounted 50% off the 52-week lows so by the time the shares are issued, the CD holders can sell for a 100% gain at the absolute minimum. In addition to the highly profitable share exchange, the CD holders are also given cash for the interest on the money they provide American Green.
Here is an example of how the money and ERBB shares are slushed around between the Convertible Debt holders and American Green based on the past year:
CD holder issues American Green $100,000 in exchange for the equivalent number of shares accruable at a 50% discount of the 52-week low. In the year leading up to the Nipton announcement, the 52-week low was .001, meaning the CD holder will be granted $100,000 worth of shares at .0005 The CD holder is also issued interest on the $100k given to AG, netting approximately 3% per month, or $3,000 a month. Upon delivery, the $100,000 is CONVERTED by the CD holder into approximately 200,000,000 ERBB shares ($100,000 divided by .0005) American Green announces plans to buys and convert Nipton into a premiere cannabis destination sending ERBB to a high of .005 The CD holders sells the shares granted for a 1000% profit (.0005 sold at .005)
So, the CD holder makes nearly $1,000,000 for loaning American Green. The original cash infusion of $100,000 to American Green is supposed to be earmarked for business operations but according to American Green’s own financial reports, the majority of the cash from CD holders goes directly into the pockets of AG insiders in the form of salaries or consulting fees. The cash is further redirected into insider’s accounts by being used for legal and accounting services from law firms owned by AG insiders. Over 70% of the cash goes directly to insiders.
In the end, very little of the CD holder monies are put towards developing a credible business. American Green, has not sold a sustainable product since inception. Lies about cultivation equipment, lies about vending machines, lies about grow ops, lies about extraction facilities, lies about branded products, lies about towns…..lies are the only products offered
DIS ZAZZZ STER VILLE
The IBox page from here to the Top is maintained by 1VMAN
The i-Box page from here to the Bottom is maintained by Pistol Pete
PHOTO ABOVE SHOWS A "FULL" PARKING LOT OF "16" VEHICLES RIGHT IN FRONT OF ERBB's PHOENIX MJ CULTIVATION CENTER
THREE GOOGLE MAPS PHOTOS ABOVE AT 2902 W. VIRGINA AVE. SHOW BUSINESS "NEXT DOOR" TO ERBB MJ GROW OP
HAS THEIR OWN PARKING LOTS IN FRONT AND BACK.
PHOTOS FROM: https://firstname.lastname@example.org,-112.121614,3a,75y,319.28h,90t/data=!3m6!1e1!3m4!1sr8gFRXTwginL23hHHGD3zg!2e0!7i13312!8i6656!4m2!3m1!1s0x0:0x8beb4e109bdc6884!6m1!1e1
SOURCE OF PHOTO BELOW FROM 2/14/17 ERBB BOARD POST: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128681065
PHOTO SHOW MATERIALS ON PALLETS NEXT TO BAY DOORS IN BACK OF PHOENIX MJ GROW OP
I-BOX SPACE FROM HERE DOWN TO BLUE DOUBLE-DASHED LINES MAINTAINED BY RAT FINK
*** AMERICAN GREEN PHOENIX MJ CULTIVATION CENTER PROGRESSING WELL!!! ***
*** AMERICAN GREEN BUYING NIPTON, CALIFORNIA FOR FUTURE CANNABIS VENTURES!!! ***
*** ERBB's FUTURE IS LOOKING EXTREMELY BRIGHT NOW BECAUSE ***
1. ERBB BUYING NIPTON, CALIFORNIA CALIFORNIA FOR FUTURE CANNABIS VENTURES!!!
2. ERBB PHOENIX MARIJUANA CULTIVATION CENTER IS NEARING COMPLETION!!!
3. AMERICAN GREEN BIOMETRIC-SECURE MACHINE SALES & MACHINE TECHNOLOGY INTEGRATION IN OTHER VENDING MACHINES IS BEGINNING!!!
I-BOX SPACE FROM HERE UP TO BLUE DOUBLE-DASHED LINES MAINTAINED BY RAT FINK
American Green didn't purchase Nipton.
The deal is not complete.
Would be nice if news outlets would actually fact check their articles before they post them. The Nipton, CA plot is 80 acres, and ERBB hasn't paid $5 million for it. The property is still listed on the market as "For Sale" by Sky Mesa Realty:
No deals have been closed, American Green does not own Nipton. I don't know why it is so hard for people to check this, don't take everything the company says for face value.
Not only that, but the realtor even said American Green doesn't own it:
"Broker Tony Castrignano of Sky Mesa Realty, who is listing the property, cautioned that no sale has closed. He described American Green as a "serious prospective buyer," but said there are other serious prospective buyers, too." - Rosalie Murphy, Desert Sun
The mayor of the town, Jim Eslinger, doesn't even think the owner will sell to American Green:
"Roxanne (Lang, the owner) is not going to sell the town to a marijuana grower, simple as that," he said. "We have other people that have deep pockets that are interested." - Jim Eslinger, mayor, and longest resident of Nipton, CA
If by some chance American Green even manages to scrap together $5 million to purchase the town, they can't grow or sell weed there:
Commercial marijuana cultivation and sales are illegal in unincorporated areas of San Bernardino County. Knowing the past history of Nipton, CA, they'll probably want to stay unincorporated to keep their water aquifer out of municipal hands. That's probably why American Green has been pushing cbd infused water, cbd spas, and cbd edibles... they can't legally sell marijuana there. Just snake oil.
"The press release made no mention of the purchase price, reported elsewhere at $5mm, or the terms of the deal.
The media bit hard on this story, but not one writer took the time to discuss the most perplexing aspect of the story: How can this company afford the purchase? American Green is proud to have been in the cannabis industry since 2009, but it has very little to show for its efforts to date. A review of its recent financials for the fiscal 2017 third quarter ending March 31, show a company in distress:
Cash of just $191K
Assets of $2.096mm, but only $296K of which are current
Liabilities of $8.76mm, over $8mm of which are due within a year
Negative equity of $6.67mm
American Green has been an incredible disappointment for investors since inception, as the company has failed to produce material revenue but has dramatically increased its share-count due to the issuance of stock to holders of its convertible debt
Investors should be extremely cautious, as the company, which doesn’t file with the SEC, doesn’t have the financial capacity to buy the town or develop the project. It has historically relied upon convertible notes to fund its money-losing operations, and they have extremely onerous terms, perhaps among the worst of any OTC borrower, as the note-holders have the right to convert at 50% of the 52-week closing low bid. This means that through the end of August, shares can be purchased at about $0.0003 per share based on the closing low of $0.0006. Even after August, note-holders will be able to convert at $0.0005 through the end of July 2018.
The company has a long history of issuing exciting press releases but then not following through. Until the company cycles through the remaining convertible notes, its share-count will keep soaring, as the millions in debt will turn into literally tens of billions of shares."