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Nope not in that direction at all
I'm speculating that IF no RS is in play, and IF they reduce the authorized, and IF they are splitting the company up, what's left for C holders? Who will buy it until they do something which puts a bit of cash on the books.
I'm not very optimistic myself about 12 pages of data here, I think that a better part of it will be pure disclosure in that OTC kinda mandatory way, add a sheep ton of shares granted to current and not so current company officials, and notice of certain sections of the company being dissolved. And even splitting sections off to stay within regulations.
Who woke this hibernating bear up?
Are there signs of life, or is it just a fleeting heartbeat?
The term nothing could be construed as a group of people with a plan, network, and ideas, with a positive will to drive for the next endeavor.
And to say the company has nothing, is incorrect. I dare to bet they have a good bit more than most people have come to understand. Debt? yup, it's a good thing, how much of the old debt is still on the books by the time the changes go into effect is a completely different sheet.
If no RS and a reduction in authorized, that would account for all that paperwork, and leads me to the possibility of splitting parts of the company off.
But which ones? These guy's have much more going on the corporate side, such as subsidiaries to much larger lesser known corporations.
They are a tech company much more than they are anything else. Unless there have been some drastic changes somewhere along the lines that I've missed.
This where things go awry
When a CEO states no reverse split in sight, in site means in my outlook anyhow, the next quarter.
Therefore a reduction in authorized is meaningless to C holders. It won't make the PPS rise, as generally this would be done to satisfy disgruntled shareholders, not for fiscal reasons.
That said, a reduction in A/S in ERBB's situation (from what we are aware of today) would also be meaningless. Considering they will be forced to seek out liquid from other venues than notes and the likes.
Could it be, that ERBB is going to drop most everything for now,keeping whatever assets they have accumulated over the past 24 +/- months, and focus more on selling out of storefronts? great right? Sure it is, at the same time, IF that is even close to reality, hell I could grab a storefront and peddle supplies myself, as a private company, and have a sheep ton less overhead than dealing with a public company. Interesting?
Are they headed towards going private with the brand, in order to facilitate business ventures that cannot be done due to regulations while a public company? Splitting it up? Just guessing here.
With 3/4 of a trillion shares out and no revenues, I can't wait to hear what the plan is to continue doing business.
It would take between what, 300-500 million sustained shares traded per day to move this up even a few pips per day. This is without convertibles flooding the place. What do they have planned, must be something good to get that many new investors to buy in.
Last one out please shut the lights out and pull the door.
Or the fact they pass under the filing requirements, so why waste the funds.
This may or may not be:
Or course with all due respect to you in sincerity, without public proof, I'm sorry but I am forced to wait until the conference call.
Maybe they have something going that they have not lead on to?
I'm more interested if this is a true story, as to how they plan on making any value for shareholders without restructuring.
Well alrighty then
I hear you loud and clear, but guess what, your correct, that is how it all works.
So many of these people have more connections that know more about finances than they have hair on their heads, which makes them extremely useful in networks of such people. Mix in a few idea people and pow, we've got a pinky.
For example, say jim-bob needs a new truck, he hits the bank up because he's got a good job at the local choke and puke, and everyone knows and can count on him to sling those lunches on time. Bank says sign here, but your interests is kinda high, well you know because of your zip code and well, you sling burgers from a re manufactured caboose on the side of hywy 6.
So for 35 thousand on the note and 8% top that amortized over 7 years, and jim-bob own the truck free n clear.
Same thing , pinky ERBB collects their buddies in the know, and their networks, sooner than later they are making deals, gotta have that machine it aint free, so we'll say (making a number up) 5k per machine, deals signed that states the interest is the difference between what was loaned out in cash or assets, and the final payoff. Sure, lots of caveats, and the interest is higher because it's a much more volatile situation, risky and all.
Legal. Lovely. and functional.
The trick for us 'commoners' is to get in at the right time , and ride their game plan til just before the roller coaster hits the top, then ask the conductor to get off the ride, that's all for me thank you have a nice day.
At the least the ticker is consistent
If nothing else we can count on no real surprises, like price or volume movement.
So the machines that were developed and manufactured by way of debentures, that ERBB claims are being shipped back to headquarters, is a lie? And there are no machines? No assets in the form of payed for free and clear machines?
No, they did exactly what they set out to do.
Payed for a ton of assets.
Sure, some failed, some still in the works.
No one has any proof of a split
Yet it does not take a lot of simple math to see the share count and structure cannot support much of a rise in price.
Is there a pending RS? at some point yes, is it next week? Who knows, the notes must be paid first. Are they all paid, I have no idea anymore. We knew this onslaught was coming a couple of years ago. So this whole 'rs next week thing' is ill advised to say the least, unless someone can show the math. Hell it could be a year off yet.
Can they continue doing business with the current share structure? Yup sure can. Can they get loans to expand the company in any multitude of directions with the current share structure? Not much, not much at all, if any, at all.
Which points to revenue for further expansion, which as far as we have been told, there is none. Which send us back to debentures. Which sends us back to share structure, and leads us to a reverse split to open up liquidity.
Failed acquisitions are a daily occurrence. Are they meant to deceive ERBB shareholders? Highly doubtful. When people will buy into a ticker on news instead of the numbers, it completely nullifies shareholders complaints. It's all forward looking statements.
So they raised the A/S by 30 million
That to me means more to cover and leaves my thought of another 3 billion in the dust.
So, more time to cover, then RS. When? Anyones guess. No way this thing should be trading a daily over 10 mill or so , let alone 30, 40 or more. These are bills being paid.
let it be. When the dust settles, we move.
Then again it is too small for a payment to Stephan, maybe to truth?
I hear what you are saying loud and clear.
Heres the deal though, they have done nothing wrong. They took loans to build machines, they took loans to acquire other pinkies, they took loans to fund whatever it is they were funding. All completely legal.
In fact it goes further, they are paying their loans off. That, in itself is so much more than the multitude of pink sheets out there we know this.
Whatever is left, is owned by the entity in which shareholders hold.
That said, one would waste their valuable resources in the attempt to hold a corporation liable. They have committed no crime. In fact they have played this thing to the T legal from everything we know.
Sure some will say this didn't work out that was malarky blah blah, ok, fair enough, guess what, those 'some' have not payed close attention to what they were dealing with. Which is a group of financially wise people doing everything they can to pro create their finances as a group. Not steal or do things outside of the law, but know the law, and use it tho their best knowledge. This is how it all works.
Hey, I've made issues for myself being on the shiny penny side of things no bull, do I blame someone else, oh no, no way.
This is a cult stock for so many reasons it's futile to begin to describe. That in itself is awesome. Everyone involved can slap themselves on the backside and smile at what they have created.
ERBB will rise again as I have said already, next time, slap that puppy and ride the wave in, and most importantly, out.
They are raising the A/S to cover
As well as running between 2500:1 and 5000:1 reverse split, as well issuing shares to Stephan for compensation.
My best assumption.
True story
Hey there oldgalqueen!
Great to see you in here!
Should be interesting hearing what the new main man has to say next week yes?
Just like getting a gift from the mother in law
You know your getting one, you just don't know if it will be that huge gaudy sweater, or a nice {place your favorite diversion here}
Highly doubtful a name change
When the RS hits, it'll be more like 5000:1, clean it up now, or clean it up now, then again later. Shareholders are already tweaked, so that part is meaningless.
Face the facts
As soon as current notes are paid, if they are paid without further increasing the A/S, in order to continue to stay liquid, in other words, have shares to issue more debentures on, and for new shareholders to come in, they will be forced to reverse split. There is nothing a company can do unless they have some miracle product ready to hit the shelves, that they have test marketed for a year or so and had amazing results on.
I've not done the math here for a while, but I would have assumed they would have requested a full 10 billion of authorized when they went to 7.5, I could be way off obviously.
I don't see current shareholders being an issue in the structure, as in there are literally too many points showing the inverse.
Also, there is something interesting in the performance of the wording Mr.CEO states, is it a CYA statement or a bluff for CYA?
I play ERBB as it is playable
Nothing I do or say will change what they do internally.
The fact here is this, they are doing whatever it takes to continue trading. have they made the right choices? I have no idea, it's a tough sector to be in right now.
Have they been working with as many people who are like minded, that loan ERBB resources for a payback? Yup. It's called business. Could shareholders that don't truly understand how this all works be disgruntled? Oh yea, because we expect something for someone eles work. So when the PPS continually goes down when paying off debt, emotions flow.
Play it, it's not a revenue generating machine, it's a pink sheet stock trying at everything within the lines of legalities to stay afloat long enough for regulations to open up possibilities. Nothing more.
If they manage to stay liquid until that happens, the brand will be good to go. Otherwise, they'll sell it off to 'AmericanGreen = the landscaping company'.
Myself, I'll buy a few million at a time and sell it when it ticks up a bit, meager yes, yet I'm eating. It's a slow going ticker, so I play it that way.
86 shares?
haha, ok wait, hahaa, is the ticker 86'ed ? LMAO
That slow burn to null was not in the slightest shocking.
Took months to get here, I've never been stunned for 12-18 months.
Honestly it's anyones guess at this point
A few changes have been made in the corporate share side, which could mean a anything from a major acquisition, to an end all be all mother of all reverse splits, to them completely turning the business from clothing/design and jewelry, to peddling dirt cubes from never-never land to mordor.
Actually the math doesn't even support the recent A/S incline with debentures.
They could require up to an additional 3 billion plus.
Now I stopped with the generally accepted math some time ago here, because it's been no more than common core logic, so who the blazes knows at this point.
They'll rise again, I have no doubt, or I'd dump what I have left and never look back. They did what they had to do, simple. Kudos to the true genius' that pulled it off, and stayed within the confines of legalities, thus far.
Right!
When we see the 'run' or trading out of the channel it's been in, it's ready.
Not sure if they could even split before the bills are paid, maybe on one or two of them, but certainly not inked on the better part.
She might sit with a blank stare of her face for a bit before the restructure, could be up to terms with pending legalities, those that have not already come due.
If it doesn't happen in Q1 it almost certainly will beginning Q2. Unless of course the blank stare is required for the purge before the purge.
Hate to say it but its what I see
If this thing pops more than it did today RS is much closer than we thought. Like real flipping close. Playing with fire is fun, but we've passed all the road sign long ago.
New guy WILL split this thing. Mark it. That's why he was appointed. NO other reason.
Smile its a sign of things to come
Trips for 1-3 months
Spike to 0002 for three minutes and seventeen seconds
Reverse split 5000:1 showing us how awesome they are at running a business.
True story it has to
If they plan on rsing away from all current shareholders.
It's obvious something went down between the two companies.
So what. Happens every day. Focusing on what was takes no company into the future, only shows the lack of caring about the future.
If a simple grow light was the entire American Green enterprise, yea, that would be not so good. Not the case, everything else ERBB has attempted is toast as well. But guess what, they are as of right now, still liquid, and can be traded.
So, on to whatever is next. Standing in the rain is only good for getting wet.
And the lights can be bought from Truth Lightings website, albeit in the construction phase.
"please excuse our presence while we build a new website for 2016!
in the meantime please refer to our facebook page
?http://www.facebook.com/TruthLighting/
?also, you can email us with any questions , comments or orders!
?info@truthlightinginc.com
we are currently taking orders on
?truth M6 M9 and M16 led fixtures"
I suspect if everything mentioned here is true, there are more than likely serious legal ramifications for disclosing such information, IF there is legal battle between the two.
Which this Seth guy would know not to discuss. And he would not.
If there were not, then one of the two would have taken said items completely off their controllable websites, being social networking or ecommerce sites.
See how none of this makes sense now?
Yea, the last time I started making assumptions from lack of data, I was completely incorrect and unwittingly torched my position.
Who knows what's actually happening here, they've gone from being active with the online community about day to day operations, to giving the boot to the main man, and going more or less dark on communications, so anything could be up.
As a general rule, sure thing , when companies go silent, it's rarely a good thing.
Debentures are paying off, product lines are being reconfigured to actually function as a ROI, reorganization for the next chapter, whatever that might be, good or bad.
Very well could be truth
At the same token, with no actual (real) public statements from either company regarding the legal status or correlation between truth lighting and american green, it's simply hearsay, and should be taken with a grain of salt until the time in which it is disclosed, to the public.
Furthermore , I would agree there is still something between the two, considering the american green logos are on truth lightings images, as well as truth lighting in the commerce site for american green. Though I've not seen how to purchase said light at the moment, that in itself could mean one of dozens of things.
Correct me if I'm wrong
"Companies" with less than $10 million in assets, or fewer than 2,000 shareholders of record - generally do not have to file reports with the SEC"
They are definitely making a move.
You don't issue Founders stock for no reason. And generally this is done to label those with F shares for notoriety.
Something bigger than usual for this company is headed in, I see this as a positive, they are either getting bought out, merging with a much larger company, or have struck some solid financial deal that will propel one or many of their objectives.
If they were going to abuse the ticker, company and C holders, they could have issued any other preferred if it was a payoff, or to be converted as soon as the terms suggest. F shares are more costly for one thing, so it only stands to reason something good is in the works here.
Of course this could simply mean they are taking on a new guy, or girl, issuing them E shares and protecting the core.
I suppose knowing a little bit about what fwdg was doing would be helpful. Then again, excluding things and not looking into what is presented is always easier.
The PR would actually have to be read in order to understand.
Outside of being around long enough to have paid attention to the details.
Sure thing
But lets keep the facts straight. There was nothing AmericanGreen could do about that deal, it was completely hinging on an entire country going legal, which did not happen.
Deals fall through all day long. There's plenty more about ERBB to complain about rather than making things up.