American Green Inc (ERBB)

[Night_Falls]

ERBB On Its Way
Stephen did a great job greasing the gears in an effort to prevent them from grinding too much but despite Shearin's downplaying of earnings, the numbers were quite positive.

Yes the debentures were higher than most shareholders would like. Keep in mind that American Green is operating in a previously black market. Raising capital is not as simple as a walking into a bank with a business prospectus and asking for a loan. Venture capital is certainly an option if American Green wants to lose control of the Company and be at the whim of private equity. Clearly the Company has been able to acquire funding via several angel investors as well as using leverage through shares.

One unchanged number is the outstanding share count. That is quite a relief.

One number that did change was the cash holdings, and it was a significant bump to $300k+ from a meager $2k. Yes, some of that cash came from debentures but regardless, that capital will go a long way in helping operational expansion.

Another good number was the revenue growth. That was great considering Zazzz numbers are just trickling in and were not included in the report. At this time next year, ERBB could have several machines in place across multiple states. Who knows what those numbers will look like then.

I'm pretty excited by the report. We will see in the coming days if anyone else feels the same.

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