American Green Inc (ERBB)

[Night_Falls]

OGTea May Not Have Been "Acquired"
Copied and pasted directly from the Q4 report linked here and in my previous post. I left in the few paragraphs separating the outright discrepancies of the OGTea "acquisition" or "potential acquisition". I have bolded the questionable details of BOTH the OGTea acquisition that allegedly occurred on Sept 10, 2014 AND the Sept 16, 2014 (later date!) disclosure of details still being worked out in the alleged OGTea "acquisition."

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=133134
From the same report:

Acquisitions

OG Tea
On September 10, 2014, the company acquired OG Tea, Inc. that sells its own proprietary blend of microbial nutrients primarily designed for the cannabis growing industry to accelerate plant growth. The cost of acquiring all of the outstanding shares of OG Tea is $100,000 of cash, $1,500,000 of the Company’s common shares based on the trailing thirty (30) day average strike price as of the Effective Date and the assumption of its liabilities of approximately $321,000. In the event that Seller’s net revenues exceed $1,000,000 during the twelve months following the Effective Date, then Buyer shall pay a performance bonus of $400,000 for that year.

American Green Universe
On July 1, 2014, the Company acquired Green Universe Inc. that is a Hydroponic retail store in Sonoma, California. The Company paid $70,000 in cash and owes 10,000,000 common shares for 100% ownership. The Company acquired an additional $50,000 of inventory in subsequent purchases.

Potential Acquisitions

On January 5, 2012, the Company entered into an agreement to acquire all of the outstanding shares of Proxima-RF Technology Holding Company Ltd. “Proxima” for 6,500,000 shares of Preferred Series C stock of the Company. The Company agreed with Proxima to use its best efforts to repurchase and retire the Preferred Series C shares. Once the acquisition is finalized, the company has plans to increase its network of global distributors and value-added resellers. With its "Proxima RF" line of RFID readers, sensor tags, sensor probes and data logging products, the Company seeks out opportunities with partners who have a unique software offering within market verticals where the implementation of secure data collection and temperature sensing bring real and immediate ROI to users. These key markets include: food safety, cold chain logistics and healthcare/pharmaceutical as well as factory and field maintenance applications.

On September 16, 2014 the Company entered into a memorandum of understanding to acquire OG Tea that has a line of fertilization products that have been reported by is customers to enhance the growth of plants. The Company is still completing the details of the acquisition that will involve the issuance of the Company’s common shares and employment agreements for key executives of OG Tea.