American Green Inc (ERBB)

[nopancakemix]

Bummer of a Week
I'm not going to sugarcoat it but the failure to deliver on promised events of this week just plain sucks. I don't care a bit about the streaming failure on Tuesday. I think Stephen recovered just fine and lead an informative intro to American Green's new hires as well as disclosing important company info.

But my heart sank on Tuesday from the sheepish and vague partial disclosure that the Zazzz machine was further delayed which became fact when there was nothing produced on Thursday other than another "Zazzz is shipping" PR. The excitement has once again worn thin and an opportunity to capitalize was squandered.

Now don't get me wrong, I think American Green and ERBB have massive potential. After several dialogues with CEO Shearin, I am confident in the strength of AG management and it is unfortunate to hear of the harassment he has suffered, especially recently. Stephen is NOT responsible for shareholder's capacity for risk. If you can't stomach large swings, typical to penny and big board stocks, sell and move on. Harassing him or blaming him for losses is akin to yelling at a 7-11 cashier for selling you a losing lotto ticket or yelling at a casino blackjack dealer for dealing you a bad hand. I've seen idiots blame trading losses on spectacular CEOs like Steve Jobs, Bill Gates, Larry Ellison, Jeff Bezos, Reed Hastings and other company chieftains. Stocks move up and down, if you get caught in a losing position, take some responsibility for your actions instead of blaming others. I don't evangelize dynamic CEOs but I understand the importance of good leadership. Stephen is working to create value through partnerships, products and realized potential, not trying to inflate ERBB with hot air via PRs.

Bringing new products into a nascent market is no easy feat. Just think of the delays Apple has to develop, market and sell their goods (http://www.folklore.org/StoryView.py?story=Real_Artists_Ship.txt). Apple also puts products to market before they are ready, leading to numerous bugs and scrambling for fixes.

Unfortunately, the PR from a few weeks ago got many shareholders excited. Not only did we get a date for the operational launch of Zazzz (Thursday, June 12), but there was disclosure that the machines may be up and running prior to the actual date. Not only were they not ready before the date, they still are not ready AFTER with little promise of even being ready in the next 7-10 days.

Instead we got a wet sock of videos, including the Zazzz demo video that looked like a 1970s internal corporate video. It was nice of Don at Vending Design to do the little demo but that bit lacked a much needed intensity after the months of Zazzz delays. Stephen's video was totally unnecessary considering much of that info was discussed Tuesday.

We were fed crumbs when we are starving for a meal.
I haven't sold my shares and my last sale was at .105.
I will not sell again until .20 and if ERBB dips below .02, I'm a buyer.
Once again, I will mention the typical cycle of MJ stocks. Over the past 3 years, MJ stocks are high fliers in Q1 and they sell off the rest of the year. This year both the pop and drop have been exacerbated by Colorado legalizations and the SEC shenanigans. And YES I am calling shenanigans on the SEC because there have been so many other penny stocks allowed to break rules without consequence, not to forget the insanity of Enrons, Madoffs and the too big to fail (jail) banks that the SEC completely "overlooked."

This industry is under attack by the alphabet guys; SEC, DEA, DOJ and by liquor, tobacco, and big pharma industries. Fight back. Support American Green. Support the movement. Don't just sit back and bitch on message boards.