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Due for another A/S increase. Maybe Friday?
I honestly think they are just recirculating the same machine(s) from all these press releases and slapping on new wraps each time.
$BASA - https://www.otcmarkets.com/filing/html?id=14302143&guid=iuU6U6epy9SOpth
$50 million contract
$BASA - https://www.otcmarkets.com/filing/html?id=14302143&guid=iuU6U6epy9SOpth
$50 million contract
New 8-K Filing:
https://www.otcmarkets.com/filing/html?id=14302143&guid=iuU6U6epy9SOpth
EZ Weed wasn't even a registered business until June 13th of this year. This whole things reeks of past press releases where a company was created out of the blue for some sort of press release. Just like Calyptic, just like Dispension, and just like CannAwake.
Whether or not they paid Lamarr Houston, so far nothing has benefited shareholders from this "deal".
Aftermarket dump at 0.001576
https://ih.advfn.com/stock-market/USOTC/american-green-pk-ERBB/trades
CBD store revenue was higher in Q1 2019 than Q1 2020.
But the store only makes a few ten thousand dollars of profit. Meanwhile they are literally spending millions of dollars every year on operating expenses.
They change names pretty much anytime there's a huge scandal. Nipton is a pretty big red stain right now.
This stock is a scam. Read the financials.
CEO takes a stance on COVID-19:
It's been "due for breakout soon" for years now. Meanwhile, the price continues to drop.
Yeah, and how much revenue does American Green get from that? Since the facility was operational in 2018, American Green's stock price went from $1.00 a share to $0.0016 it's at today.
What does that tell you?
Q1 2020 actually shows a drop in CBD sales revenues compared to Q1 2019.
https://backend.otcmarkets.com/otcapi/company/financial-report/245461/content
Still, these sales only account for a few ten thousands dollars in gross profit... meanwhile, operating expenses exceed millions of dollars every year. Yet they don't talk about that, now do they?
It is BS how Peter Jacobs can scam investors from behind the scenes, isn't it? Look at all these shell companies he is using. Smells like insider trading fraud.
$BASA - underrated gem, $50 million contract
$16 million of debt, $45 million accumulated deficit, over a billion shares diluted since the reverse split, and this company continues to print shares.
Years upon years of false and misleading press releases, biggest one being Nipton, where they wasted over $5 million on a town they ended up foreclosing on. Shareholders are still paying for it today.
Scam company that has been doing this for 20 years and not once has turned a profit. Always a deficit.
Went from $0.25 to $0.0016 after the reverse split in 2019, they claimed the split would help "improve the trading price of ERBB shares". Before that there were 30 billion shares O/S, today the share count would be the equivalent of 500 billion shares pre-split.
Let that sink in.
500 billion shares equivalent dilution pre-split in only 10 months.
But hey, pie in the sky dreaming, right? Surely this company will do better now... right? Don't get stuck in amateur hour bagholding this trash company. Take it from someone who actually knows about this company and not a flipper. Due diligence is key on this one, don't believe the press releases the company puts out to try and dump more shares.
Read the financial reports on this stock. It's not a company worth investing in.
Under "Summary", at the bottom. So far it's the only news listed through Accesswire.
Facility has been in operation since 2018. The stock price dropped from a $1.00 a share to $0.0016 during that time period.
What does that tell you?
Trash company
They couldn't even come up with a good product name.
"Um yes, I'd like Zzzzzzz please."
"Some what?"
"Zzzzzzzzzzzz"
Terrible business management.
Here, let me help them out:
GreenSleep or GreenZs
O/S has increased from 60 million to over a billion since the reverse split.
I see it on TDA. Price continues to trend upwards as more eyes fall on this deal.
What about that ERBB?
LOL.
That sure was a good pick.
They had a mortgage, with Nipton, and didn't pay it. Because they don't have any money.
$5 million wasted.
American Green making sleepy time pills now!
This stock already puts me to sleep. What will they think of next?
Another pump and dump press release to try and boost share price. Look out for more dumping to continue.
Can you think of a worse name than "Zzzzzz"?
Look at the financials. This stock is swimming in debt.
They just keep putting out press releases hoping something will stick.
But it's not working. This stock sucks.
A lot of people got burned for not taking profits.
This is a good lesson to not fall in love with a stock. The price action on Friday should have been a clear enough indication on that.
Who knows, maybe it'll go back up. Or maybe it was being held up simply on hype alone and without news that is dwindling.
Good luck to those who continue to hold.
I mean... I wasn't wrong though.
Now it's down almost 50% since Friday. Pretty good stock advice?
$BASA - Basanite Industries, LLC Announces Award of a $50 Million+ Five-Year Exclusive Supplier Agreement with MEP® Consulting Engineers, Inc.
RIP SBFM... was a nice run.
Hopefully there will be some sort of patent update soon.