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Maybe that’s who’s BUYING, driving the price UP
Remember, closing a short position is a BUY (of course you know that). When a price unexpectedly goes up that often a forces shorts to cover (BUY TO COVER) at higher prices to avoid big losses. Contrary to amateurish urban legends, shorting stocks doesn’t drive prices down and can add serious firepower to a rally.
What drives a stock down is when a company dilutes shares counts to 20,000,000,000 shares, most of which are held by insiders who will indiscriminately sell into the bid. That kind of selling kills stocks.
I say bring on the shorts, ESPECIALLY AT THIS LEVEL.
Here’s why:
Shorts entering above .004 could easily get trapped if VAPE pops 50-100%, forcing a short covering rally (again, BUYING to cover). That short covering could thrust VAPE into pennyland.
On the other hand, maybe VAPE goes down to the .003 gap I have often mentioned. With a .001 paper profit, short holders will be itching to cover (again, BUY) to lock those profits. I plan to buy if VAPE hits .003 and if shorts cover there (again, BUY!), VAPE could rebound strong.
Always remember, shorts have to cover (BUY!!!). Either way, up or down, bring on the short positions.
Did VAPE action today also meet your expectations?
In Shearin We Trust (to lie, cheat, steal)
Let’s see some of his greatest hits:
“American Green does not dilute its stock”
-Stephen Shearin 2014, ERBB share count then 3,750,000,000, share count today 25,000,000,000. I think he meant to say “we’ll dilute the sh.t out of ERBB, we just won’t tell shareholders” since every single share count raise from 3.75b to 25b was discovered because of diligent people here searching Secretary of State websites where AG is registered.
“1500 Zazzz machine deal with FutureWorld.
Straight up lie.
“AG acquires OG Tea”
Straight up lie.
“AG acquires Truth Lighting”
Straight up lie.
“AG acquires Track X”
Straight up lie.
Greensticks exclusive in Zazzz, Something Chocolate exclusive in Zazzz, CBD pools in Nipton, Nipton to be a pot paradise....
Straight up lies
There’s so many more but the fraud listed above should be all anyone needs to know about the criminal securities fraud committed by Stephen Shearin on behalf of American Green. Dude is a scumbag
Anyone been able to verify this?
Shearin gone? See previous post about bounce backs from his American Green and PanPacific Intl email addresses.
I tried to call American Green’s corporate number but got the same pathetic answering service with the computerized voice, “thanks for calling American Green, we are on the phone or you’ve reached us after hours.....”. It was 11AM in Arizona when I called today. And I’ve called other times but ALWAYS get the same automated message. Where is Jillian? Where is the American Green staff, the 10 or so people who are paid $1,200,000 in annual payroll expenses according to ERBB financial reports? $100,000 a year for “directors, consultants and staff” but still none of these twerps can answer a shareholder phone call or email?
VAPE: Chart Read
VAPE Short Term Chart
VAPE has had a few strong days recently; pps increasing on good volume, always welcome for the bulls. The MACD is positively divergent and the RSI is ramping up but not too high yet. The 50 day MA and 200 day MA are closing in on each other. If the 50 overtakes the 200 that is a Golden Cross; a typically bullish pattern although somewhat unreliable for OTC stocks.
On the bearish side, the pps is pushing the upper ranges of technical indicators. The price has broken above the upper channel of the bollinger bands so it will be hard to sustain the upside momentum. I’m still concerned about the gap at .003
My guess is some consolidation at these levels which would make a strong base should VAPE keep moving up.
Fundamentally, VAPE is making progress by releasing delinquent financial reports which says to me there is still some fight left in this pup. The cannabis industry is booming. In the USA, the legal states are now in the majority with 30 states allowing for some form of cannabis legalization. Canada’s nationwide full legalization is just a few months away. Exciting times!
His email says differently.
Who knows what that dude is up to and who cares? He’s done enough damage to American Green’s reputation, and his own.
Shearin committed some serious fraud on behalf of American Green. The most serious legal violations by Shearin were the following:
Track X, OG Tea, and Truth Lighting “acquisitions” - the PRs were not statements of intent, Shearin and American Green stated in no uncertain terms that these companies were acquired when it just plain didn’t happen. At best, there were tenuous verbal agreements to sell certain products on behalf of the companies but in no way did American Green ever acquire the whole properties or companies. Shearin even followed the lies up with announcements about “OG Tea revenues double” as if that affected AG or ERBB in any way.
The Zazzz saga was also grossly misrepresented, just as the current AGM saga appears to be dead (except for some truly baseless speculation that I won’t even bother to address because it’s so ridiculous). Shearin lied about shops that supposedly had Zazzz machines, going so far as to set up a phony Zazzz website that falsely listed dispensary names where Zazzz was (not) located.
Dude belongs on trial for securities frUd and I’d love to testify with what I know
Ask wall just doubled at .0006 - 21mm shares
Gonna need a stockpile of powder to blast thru
Lots of great speculation here but news is needed. Badly. A couple of solid volume days on good gains has been nice but WOFA needs some fundamental updates
$750 to take out .0044 Ask
Who’s got the funds to do it?
Here’s your proof.
Did Shearin get dismisssed?
I just heard from a friend that emails are getting bounced back by Shearin’s American Green email saying the account is no longer active. Did AG finally flush that t.rd?
Need someone with stones and money
Gotta hit that ask. Barely $1000 at .0043
Dispension Has Gone Calyptic and FutureWorld
The fake company was used as a pump. The pump failed because American Green folks are too stupid and too lazy to bother making the scam credible.
No website.
No “news” from the World Cannabis Congress that Dispension allegedly sponsored or attended.
Just waiting of the bogus crypto PR before we see the last of Dispension
11mm still on the Ask at .0006 - Big Wall
It’s gonna take some deep pockets to push through that wall on the ask.
Decent bid support at .0004 but need a catalyst to break through the ask
YOUR’E MISSING A FEW TRADES THERE BUDDY
ERBB Daily Trade Log
Millions of ERBB shares were dumped at .0009
Including about 15mm sells starting at noon. Those are NOT retail traders dumping those big blocks. That’s convertible debt holders dumping into the bid so they can protect their profits which are dwindling by the day and they have billions more to sell. This is why technical analysis is pointless with Death Spiral stocks like ERBB; there are no credible support levels because convertible debt holders will indiscriminately sell into the bid with billions of shares.
This stock is dead
Awww shucks. Another TRIPLE ZERO CLOSE
.00095
Two of the last three days in trips and that’s with a (sarcastic) massive, stunning and extremely thorough PR about grow op tours for pre-screeened shareholders and the Delta share offering
Must be awesome to hold shares that become more worthless by the day!
It’s called Buying to Cover
That’s how a short position is closed, or “dumped”. Some people think shorting is some sort of boogeyman. In fact it’s an important part of trading liquidity. Shorting equity helps mitigate risks, and as we’ve already noted, brings buyers to the table because the close of the position is a buy to cover order. The only short positions that can dramatically affect a short position are options, i.e. long puts or shorted calls but OTC stocks don’t have options.
3 things of note with OTC shorting;
1. There are not a lot of short players. On my trading platform, I have access to shorting shares and options to play the short side of broader market equities including selling uncovered calls. However, for OTC stocks I do not have access to shorting equities (and obviously there are no options on the OTC but OTC stocks are practically open ended options anyway). The commissions to short OTC stocks tend to be extremely high. And this leads to the next point.
2. With the high commissions and the occasional large upside swings, shorting OTC stocks, ESPECIALLY at lows is exceptionally risky. For instance, VAPE is a not far off 52 week lows so it’s really not the best time to open a short position. The time to get short on VAPE is when it approaches new highs like when it almost hit a penny a few months back or in October 2016 when it hit .03 prior to the presidential election. But a short position now has a maximum return of about .002/share before a lot of buyers would potentially enter and half the profit would be absorbed by commissions. And that leads to the next point.
3. Shorting on the OTC is really only worthwhile in large numbers, in the millions of shares. Major whipsaw price pops of 100-1000% in a single day could devastate a short position and good luck buying to cover as the price skyrockets only to drive the price higher.
Bottom line here is that shorts are an important part of the broad market but not very significant on the OTC. Shorts help fuel rallies as they have to buy to close the position and they have to buy quickly to avoid potential multi-100% pops that could kill their trade.
What really hurts OTC stocks are companies with absurd share counts like some of the losers with 22,000,000,000 available shares. What also kills those losers is convertible debt sellers who own most of those billions of shares, granted to them at absurd discounts, and they are all to willing to just dump into the bid just to protect their profits.
VAPE doesn’t have those issues; the a/s count is about 1b with 650mm outstanding. VAPE also doesn’t discount their convertible debt shares at the absurd lows of 50% off the 52 week low like other losers. Even more important VAPE actually lists the names of notes holders in the financial reports.
Huge Ask Wall - WOFA is Pinned
11mm on the ask at .0006
Lots of bud support with 13mm on the bid at .0004
96% SELL ON BARCHARTS
It should be 100%
CRAZY HOW EXPOSED THE ERBB SCAM IS
It is nuts how obvious this scam has become. PRs do nothing these days.
Better crank out a PR about getting in the crypto game or something because nothing can stop this pig from being slaughtered.
.0005 soon enough
GREAT JOB ERBB EXECS - LOTS OF PEOPLE SCAMMED
Well done David Gwyther, Stephen Shearin and the other criminals at American Green. You’ve scammed a lot of people. Most people are hip to the fact ERBB has and is committing securities fraud but I’m sure there are a few rubes left from which to steal their money
Whoops! VAPE back to an even 420
And the scam you follow is back down 10% into triple zeros
OUCH!!!
Who cares about another ERBB DOG AND PONY SHOW?
Even if anyone actually takes a tour WHO THE F CARES?!???
It will only be dopey, wide-eyed shareholders if anyone.
It’s not like anyone in the weed industry gives a crap about a 12000 sq ft warehouse with sub-standard grow equipment and barely 4500 sq ft of actual flowering space when there are 100,000 sq ft indoor grows popping up everywhere.
And who the hell wants to visit Phoenix this time of year anyway?
Oh and finally how much revenue will these tours generate? ZERO!!!!!
Do you have any clue how shorting works?
Dumping a short position means a trader is BUYING shares to COVER.
If the VAPE “shorters” (LMAO) were “dumping their shares” that translates into buying to cover.
Also, I was hoping that .003 gap would get closed so I could buy some more VAPE
PURE COMEDY!!! Amateurs. Funny Zazzz story.
Back when American Green dumped the Zazzz at Exhale dispensary in LA, I mentioned to the owner of ZenWeHo (website)a neighboring shop, that Exhale had a vending machine. As I have mentioned here many times, ZenWeHo is a top dispensary in LA that has 2 basic weed vending machines, the first being so popular that they added a second. The owner laughed and said they would check it out.
Sure enough a few weeks later I asked if they stopped over at Exhale and asked if they saw the Zazzz and what their thoughts were on the machine. The guy just laughed. He said prettty much exactly what has been said here; it’s over complicated. To quote, he said “why would anyone want to setup up an account on that machine?” He has plenty of other bad stuff to say about the Zazzz and when I asked if his shop had any need for this type of weed vending machine he scoffed and gestures at the people using the basic machines in his shop as to say “nope”.
2 years later and here we are with new lies and new stupid videos and a new name for the same old piece of junk vending machines.
American Green insiders are criminals perpetrating a securities scam. Idiots making videos about the AGM are accessories to the fraud because they know damn well none of those overcomplicated AGMs will ever sell when there are far more sophisticated options available.
Debunked? AGs been talking tours since 2016
The company has been claiming they were going to have tours since a PR in September 2016, so yeah, nothing has been debunked until we actually see some evidence that anyone actually goes on the tour. See, I can tell you I will fly to Pluto but until I actually do and provide some evidence, it’s all just hot air
Another freaking demo! Give me a break already
Yeah, we get it, it’s a freaking vending machine!
Over 2 years on the market (not including another 2 years under the stupid Zazzz name) and the best American Green can do is provide truly stupid “demo” videos of the American Greeen Machine.
And these AGM videos are FAAAAAAAAR from credible demos. All I’ve seen is a couple of dingbats put mony in a slot and pull out some random product. There’s no detailed breakdown of the “state of the art” biometrics. There’s not intro as to how one would set up an account. There’s not close up shots of the transactions.
This is a freaking joke. Forget about ever getting a “customer” video of the AGM being used cause AG will NEVER sell one of those junk boxes
Here’s how I’d pull 5 harvests a year
The grow op floorplans have a dedicated “grow room” and 10 flower rooms. The grow room is for vegging plants under the 24 hour light cycle. The idea would be to cut 5 separate batches of clones staggered a month apart. Put the first batch into the grow room followed by the second batch a month later. By the time batch 1 is ready to move to the flower room/12 hour light cycle, a 3rd batch of clones could be cut to put in the grow room and so on up to the 5th and final batch.
Of course, AG doesn’t have me, an experienced grower doing the work. They have a pool boy who can’t figure out how to properly set up hydro lines.
Criminals
I’m not ready to speculate yet BUT
It’s nice to see some positive price action on decent volume along with new posters on board. The ask is pretty thin. I’ll wait for more announcements from VAPE before getting too excited
Could be right now!!!!!!!
Of course, being a knowledgeable trader you would know that “dumping short shares” is an order type called “buy to cover”, the operative word being BUY here. So when those alleged (but totally inaccurate) 92% short positions are closed, the result will be massive buying to cover.
And maybe that’s what’s going on here since VAPE is up nearly 15%+ on strong volume
Up 11%. Great to see new posters here
More eyeballs, more money.
Thanks for repeating this, again.
Stop sign is due to delinquency with past financial filings, something VAPE is clearly working to get current as one can see by the company releasing prior reports on a monthly basis. Unlike other companies that release bogus, fluff and unfulfilled PRs, VAPE reserves PRs for actual information.
ERBB EXECS SHOULD BE IN JAIL FOR FRAUD
American Green is a proven, confirmed securities scam. There is zero credible analysis that says otherwise. David Gwyther, Stephen Shearin, Pat Carrigan and other AG insiders should be locked up for securities fraud and disclosing inside information
96% SELL ON BARCHARTS - ALL TIME LOW PPS
Is that good?
I’m sure being the savvy trader you are you would know that “shorters dumping their shares” would cause a rally because closing short shares is actually a BUY
2 WEEKS PASSED SINCE GROW OP “OPERATIONAL” PR
The PR claiming the grow was “operational” stated American Green was looking for clones to plant immediately? Well, IT DOESN’T TAKE 2 WEEKS TO FIND SOME CLONES!!!!!! If this facility was ready for immediate operations, as American Green has once again fraudulently claimed, then why aren’t we treated to pictures of grow beds full of rooting clones?????
Instead AG offers a fluff BS PR about grow op tours and preferred shares that still have NOT BEEN DETERMINED how exIsting ERBB shareholders qualify for new CannaWake shares.
Meaningless scam PR.
See y’all at .0005
Or the mother of all fluff words: “INTENDS”
The very first sentence says that American Green “intends to commence”.
In ERBB speak, intends often means NO real plan to follow through. And who cares about shareholder tours? Does that bring in any revenue? NOPE.
Yeah.
Clip one set of clones in January and put it 2 rooms. Clip another batch in February, put in 2 different rooms. Another batch in March.....and so on.
Clones.
Growers clip branches off “mother” plants and those growing shoots can be replanted to grow a flowering plant. The process from clone to saleable buds takes about 3.5 months. With multiple flower rooms it would be easy to have 5 or more harvests per year.
WTF QUALIFIES ERBB SHAREHOLDERS FOR CANNAWAKE SHARES???????????????
This is now the 3rd PR about this CannaWake/DLTZ nonsense yet not once has American Green provided insight into who is qualified as an existing ERBB shareholder in order to receive the “preferred shares” of the new CannaWake. Absurd, but not unexpected from this trashy, criminally fraudulent securities scam.
Colorado Weed Prices Plummet
$864/pound!!! I remember when a qp in NY was $1000 for quality bud!
Article
Arizona is facing a similar glut with pounds between $1000-1500. Even if the American Green grow op ever produces crops, by the time it’s ready to sell prices could be under $1000. Let’s remember that how ever much they produce will only add to the oversupply.
Boy what a stinker!