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Thursday, February 12, 2015 2:54:24 PM
Or debentures. Or alternative financing.
Don't get it twisted, I am not a fan of dilution and I'm fairly certain the pps breakdown is the result of debenture payments being recovered by the debt holders in fear of losing profits.
But American Green has failed to give debt holders any reason to hold on to those shares. The company has a long list of high profile publicly announced flops and failures. Yes, this is a new industry but management should be seasoned enough to know not to make promises without absolute certainty of the ability to execute. Apple does not come out announcing they are going to make an iHoverboard unless the device is truly ready for market.
Zazzz is now in its second iteration but the first version wasn't even successfully employed enough to generate revenue. AG is now PRing about a new partnership when they haven't had a successful JV to date despite several PRs. And WTF with the OneBode sale, retiring 180m shares, Yo card.........? Even worse, supposedly the cultivation arm of AG is the real revenue generator yet we never hear about that.
Earnings need to be a real lifeline. AG needs to clean house here becuase this place is starting to smell like a dumpster. There is so much potential but so little concentrated focus.
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