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Wouldn't be the first time they put out false/misleading press releases.
That's old data. New A/S is just under 2 billion shares according to their filing with the Wyoming Secretary of State.
Due diligence keeps false information from being spread!
I'll believe it when I see the financial report... even then, those are unaudited, so American Green could be full of shit.
$FUNN - entering the Canadian cannabis market
I was right about $BASA, this one is a winner!
Explains why the A/S was raised another 500 million shares. The dilution on this stock is absolutely crazy. Pre-split the A/S would be at a trillion shares. For people who have been here longer than a year, that really puts things into perspective.
The reverse split has done nothing to help shareholders. They are diluting now more than ever.
American Green posts news and the price drops to 0.0015.
Figures.
Watch this go nowhere.
I had a feeling this stock was a winner, glad I stuck with it.
Puts things into perspective and to show how useless that reverse split was.
From 30 billion shares to 1 trillion shares in less than a year (without taking the split conversion into account). Yet they said the reverse split would help shareholders? That there would be less dilution?
American Green lied. This is a scam company.
You're right, pre-split A/S would be a trillion shares now.
This company has diluted so many shares since the reverse split, that anyone who held shares prior to it would have seen the volume go from 30 billion A/S to 1 trillion in less than a year.
$FUNN - news on entering cannabis market in Canada
https://www.globenewswire.com/news-release/2020/09/04/2089100/0/en/Amfil-Technologies-Inc-Announces-Entrance-into-the-Licensed-Cannabis-Dispensary-Business-in-Canada.html
A/S increased to 2 billion shares
The reverse split fixed nothing, only allowed American Green to dilute more shares.
American Green is not current with this O/S count. Haven't updated it since June.
Is this the beginning?
$FUNN - enters the cannabis market in Canada
Incredible price action the past few days.
This stock is dead. Stuck in limbo.
$BASA - check out the volume
News on $50 million contract
Thank you for the due diligence. It seems that Basanite Industries could work on getting their name out there more to construction contractors. Their product might be the competitive edge they're looking for.
That's a good point. Hopefully the market will catch on.
ERBB hasn't updated their O/S count since June.
Are they going dark on information?
https://www.otcmarkets.com/stock/erbb/security
$BASA - huge contract deal, $50 million
Rebar replacement, much better than steel
Crazy volume today
$BASA - ready for breakout
News on $50 million rebar contract
This one feels like a low steady burn. Hopefully some more news will come out though detailing the $50 million contract.
American Green withholding their share count:
https://www.otcmarkets.com/stock/erbb/security
Never posted July's O/S number...
anna vending machine has ERBB trembling in their boots.
Good point. I guess I should phrase it as... how is this company still in business and trading.
How has this not been de-listed yet...
So is American Green just going to not report their July share count?
https://www.otcmarkets.com/stock/erbb/security
What gives. They've reported the O/S for years now, and suddenly go quiet.
What are your thoughts on the new "anna" marijuana vending machines?
American Green had a head start but dragged their feet and then flubbed at the finish line. So many other viable options for marijuana vending that American Green lost their chance to corner the market. What a shame, there was potential. But what do you expect from a company that switches business direction ten times in the past twenty years.
Where's that CannAwake dividend?
Oh right, they drove that company into the ground after laundering Nipton money in the form of Class A shares and stiffed their shareholders. Went from OTCQB fully reporting to OTC No Information in less than a year. Wonder why?
Scam.
It's exhausting how many ventures have failed since 2013.
At least back then, maybe American Green seemed like a legitimate company, if you forget all about SunnComm and the DRM fiasco. Maybe they could make it in the marijuana business with their vending machines.
Now?
Not a chance. This company has shown their true colors and is a verified scam company. Not by any of our own assessments, but by the very company itself based on the press releases they put out. So many forward looking statements, missed deadlines, and outright fabricated lies. Nipton being the biggest one.
How anyone can still support this company after several years of deceiving shareholders and diluting their stock is beyond me.
Case and point:
-2014
Share count then: 3.89 billion
Share count now (adj.): over 500 billion
Day 21... Still haven't updated their O/S numbers:
https://www.otcmarkets.com/stock/erbb/security
That was seven years ago during the marijuana stock boom. American Green has been going down since then. Because it's a SCAM.
From 60 million shares to over a billion in less than a year!
This scam company is a risky investment. Don't believe the hype that you can "play" this stock just right to make money. 99% of the time it's going down, making it impossible to buy low and sell high. Over-diluted shares keep driving the price down.
SCAM!
ERBB has been going down longer than it has ever gone up. There's no way to know the right entry point, but so far American Green's track record has shown they will continue to dilute shares.
You may get "lucky" and time it just right, but for a majority of investors they've been stuck bagholding this crap for years. People have been saying "buy now, it's a great time to buy!" every single week. Yet look at where we are.