Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Wrong!
The machines were to be sent to Uruguay, through a third party company, nothing to do with the USA.
Uruguay was to place the machines all around the country, the deal was all but sealed, and the legalization of marijuana in Uruguay was put on hold.
Look it up.
Scam or not they have done jack squat with this thing.
They'll have to do something to milk buckets out of it. otherwise what's the purpose.
In fact what a waste of an easy money making scheme.
I know better.
I know personally, I did rather well trading this thing myself over the last twelve months.
Not just the debt holders getting paid ;)
Who cares if the TA is gagged, it's gagged on almost all tickers at one point or another. For a million reasons. And that data will be out in the next filing. As usual.
I can see the share structure is whacked, I can see they are likely at the limit after it was raised to accommodate loan payments, I can see debentures are coming due, it's called paying the bills.
So everything ERBB took loans out for in the past (debentures) are being paid off, and ERBB will own outright, it's called having assets.
No, a company can NOT go over the authorized. If they could, there would be no reason to have a column called 'authorized'.
An investor either wants to try and make a few bucks, or just have some shares for later, or they don't. Simple.
Share selling scam? That's the latest wording trend? lol
Election year is upon us
Couple possibilities things with these people, they're either running the family/friend funneling scheme, where 'people' 'invest' in the business' in the form of political cleansing, and the ticker moves.
Or they will actually begin to use the tools they claim are being put in place globally, and the ticker will move.
Or yet, will wait the alloted time frame, and file for the next split, and find someone who has a clue about running a PR machine while they dilute the thing for midnight snacks in Q3.
Either way, it appears anyone that's holding from prior to the last RS is toast. And will be crumbled toast by late Q2.
Might that have been to cover the debentures we have been seeing pay off for the last how many months?
We knew it was coming, we knew the current (at the time) A/S could not absorb final payment, so it was no surprise to those experienced reading the filings.
A reverse split is not out of the question from what can be seen, but share selling scam? It's the OTC man, it's all a legalized book cooking venture, and those trying to NOT stay a scam, are the ones that stay liquid. Which these guy's have done thus far.
Site seems to show the doobage wrapper
AmericanGreen.com
Does this look more like reality?
Cap. Change=shs decreased by 1 for 50 split. Pay. date=02-02-99
Cap. Change=shs decreased by 1 for 1000 split. Pay date=06/25/07
Reverse stock splits increase the share price. For example, a company with 100,000 outstanding shares at $4 each executes a 1-for-2 reverse split. It ends up with 50,000 outstanding shares at a share price of $8.
Sounds great I know, however in pennies this means several things, mostly the company has raised the authorized to the point the stock is no longer relevant or desirable to trade one way or another.
Second it's generally done to dilute more, ie: raise liquid via selling shares to market makers for shorting, reduce or nullify shareholders by bilking the financial power the shareholder has on the ticker symbol, and or hand out more preferred shares to new officers as reconciliation for working at no pay.
So looking at this on paper might appear nice, but a reverse split does little more for the existing shareholder than put them in a position where they cannot sell, if they do it is a loss (this is the trap used to milk the rest of the value the shareholder initially loaned the company) for the next reverse split. Hence opening up a plethora of now free and open shares in the treasury, for debentures and or simply dumping into the market on the next press release, for cash.
Top these few details of the many reasons, with the fact the valuation after the RS almost always goes down to where it was before the split, intentionally.
Understand with a reverse split valuation is to the negative by a multiple of the split, then the hard part, the decline after the stock starts trading again. No way to average down on an RS
Agreed, as well as preferred share issuance to the new officers at a high conversion rate.
A reverse merger in such companies is not always a good thing for the shareholders of common stock, in any sense.
At this point their best means forward is to start peddling weed.
The problem is this is not the first time we've got 'news' claiming they had resources to not only grow the plant in bulk, but to peddle it as well.
The next issue is this, there are so many legal weed pushers that competition is insane, now, if they can get a group of strains going that people can depend on time and again, and somehow market that product repeatedly to the locals, it's game on. But this is coming no time in the near future.
Sure, the company has spent the last several years focusing on the vending of pot products, to end up where so many more started out, peddling weed.
It's like running their butts off while standing in a puddle of grease.
A company is nothing more than a brand until they begin to start mass producing a repeatable marketed product.
Lets see what they can start to accomplish, and take the American Green brand, and make it a real business. Outside of riding that fine line between the spider webs of legal money laundering and pyramid schemes.
Must get it to 0001 for the next 3-6+ months in order to get the full effect out of the next reverse split, in order to nullify current shareholders.
Some dumpage on it's way it seems.
I would not fret at 28 mil of debt in a public company
I'll take it any day
Great to see VNDM on the ask
Though they should be sitting around .0005 today.
Impossible
ERBB has produced nothing to sell as of what we have been told. Sure thing, they said they would be selling doobies, but where?
Bueller, bueller?
Once they get a crop, then of course. Until then, I can't see how, no matter what the laws are, they could make any money. Change my mind, show me.
They have no choice but to reverse split
After the debentures are paid, the A/S is just too big. And they likely will not be able to get much, if any new fundage until current stuck shareholders are reduced to an 'infective' state, or nulled to the point that current shareholders could have no possible bearing on PPS direction.
That in itself will be a multi tiered event which could take no less than 18-36 months, and at a minimum of a one time 5000:1, then at the least a 1000:1 reverse split over prior stated period of time.
Though, with as hard as they will push, there should be at least one decent pop or 'flush' before then, as a signal to get out. Even if that is 'only' a .0009 movement.
It's already started trading under the wire. Unless the math is wrong, and they add another ~2 billion to the A/S to clear current debts.
Give it time
Reminds me of that old ketchup commercial, it'll happen.
Oh goodie!
Another network for financial flow, which means More deals which means more financing oops, I mean debentures, which means another PR session be commencing in Q1, which means the ticker should move up depending on the game plan after it moves lower, before or after the RS who knows. Gotta clear out the old inventory first.
haha 'all I know is I don't know'
But finding out is the exciting part of life. Some people sit in front of the carry out with scratchers, some head to the fancy casinos, bah, I like to lose my money at a slower pace. Much like a relationship with the spouse, make it last is better, most the time.
Keep in mind I know nothing, just a gambler on trip ticks.
I get off on the possibility with change I could be filling my scotch glass with.
And Merry Christmas to you as well, keep smiling, it takes many more muscles in the face to frown anyhow.
Anyone think that 3M+ yesterday was a cover from post RS, walking it down and owning a handful, transferring (washing) to another 'entity', banking all the way. Sounds like a Christmas carol doesn't it.
Or do market makers not do this oh so terribly tragic type of thing to a ticker in such a vulnerable state. It's all phallic symbolism I know. No offshores either. Noooo, no such thing right?
EDIT: BTW check my sig
Yes another revers split planned why not it's the standard for professional share sellers.
More than likely between Q2-Q3 2016
At least 4 million by basic math
But this thing would actually have to be doing some business
Just let this thing drop to trips already
It's apparent now that Shearin if gone, that all of his deals are completed or close enough.
The only thing left at this point is to reboot. Hit .0001 reverse split at least 5000:1 after all debentures are converted and start fresh.
There is nothing here besides the name American Green. Sure, a brand will do well with a decent product, even one, one that people want and repeatedly shell out cash for. As it stands now, zilch.
Only -.0012 more to go before reality and paperwork can be done for the next reverse split.
They have until May 2016
Before the CAGE status expires:
Company Name: SOOUM CORP
CAGE Status: Active Record CAGE Type: Non-Manufacturer
SAM Expiration Date: 05/13/2016
Parent CAGE:
Address: 590 MADISON AVE II STE 1800
P.O. Box:
City: NEW YORK
Zip: 10022-2524
CAO-ADP: S3309A-HQ0337
State: NY
County: NEW YORK
Voice Phone Number: 312-505-4700
Fax Phone Number:
Date CAGE Code Established: 01/13/2015
CAGE Last Updated: 05/14/2015
Point of Contact: ERIC MALMSTROM
Company Web Site: WWW.SOOUM.COM
https://cage.dla.mil/search/details.aspx
After going over way too many numbers it appears those numbers are pretty close.
I can't see but one thing that would make this stay out of the trips, after this round of convertibles is washed out, even .0008 would not really be playable for most.
If they can get it down in the .0003 - .0005 range by March, and have a crop ready and have a strain that hit's the market like no other, we could see a bounce.
Then again there are thousands that have been doing the same thing for years.
Getting into the 'true' medical sector and having a product that works, and which is endorsed could help.
This thing looks like it will convert down between .0008 - .001
If that happens it's trips for the next year or so.
Have the owners of this company simply let it all go, and forgotten about it as a company?
Whenever a pinky clams up like this, drastic changes are on the way. And by the looks of it all, that means a split, a huge split. At least 1000:1 if not much, Much more.
If there are any shareholders that are still stunned from a stock moving from .11 to current sub penny status, shareholders should try and keep in mind, ELEVEN CENTS, not eleven hundred dollars, or eleven dollars, but eleven pennies. On a rather new concept, which is try and capture a market controlled by federal agents trying to keep their jobs.
Rather interesting battle to say the least. That will continue on for years to come.
All this is meaningless yet again
Yet the wording specifically states it's illegality more than once, just as it has for many years.
As well as we already are aware, the fed could care less, they will still use written law to find ways to fund themselves.
At this point can it even be considered a scam?
I mean for the love of cracker jacks, everything about this company is dead in the water, nothing, zilch, zero, as in not happening, or in all essence, non existent.
Takes years even generations to build up connections and trust in order to accomplish what SOUM is only just beginning to attempt.
Unless they can somehow get political influence by some very well connected networks, they will only stay afloat by small time old school backstreet Chicago style runners.
Why would company expand a course that is not working? Doesn't even make sense.
As long as this thing has sat stagnate, they'll be 'reorganizing' soon. Or face the consequences themselves.
It's a tough sector, you've really got to get on top of it and fight diligently to stay even close.
Miller continued, “We expect that taking these important steps will lead to substantial corporate profit, greater earning per share, and higher share price.”
Hmph, he must be referring to greater debenture sale share price EPS
Most of this sounds fairly accurate.
The idea is great, the product is great (pot) (at least there's a huge market for it) yet as much as we see millions of dollars moving through this mess, the plan for the front is not looking all that good.
If I had a mediocre business in one state, there would likely be no plasuable reason to think I could repeat the same process in another state, let alone country wide.
Therefore when it's said repeatedly that 'all AG needs' is for more states to go legal, well it just doesnt work that way, when I can't get my current endeavors moving masses of business to the point of breaking before hand.
NEXT RS in just 3-6 months, can't wait!
They have no choice at this point but to remove the liquidity completely from shareholder deficit before even thinking of putting any plan what so ever in play to make this an actual business, other than what's written on paper or who signed it.
At the basic minimum 12-16 months and two more reverse splits to get current 'stuck' shareholders out.