American Green Inc (ERBB)

[KickolasNage]

Advice for the Day: Don't Invest in ERBB

The Nipton, CA deal is not complete. The property is still listed on the market as "For Sale" by Sky Mesa Realty:

http://direct.propertyline.com/castrigano/

"Broker Tony Castrignano of Sky Mesa Realty, who is listing the property, cautioned that no sale has closed. He described American Green as a "serious prospective buyer," but said there are other serious prospective buyers, too." - Rosalie Murphy, Desert Sun

http://www.desertsun.com/story/money/business/2017/08/04/marijuana-nipton-american-green-buying-town/537931001/

American Green has 60 days after the Opening of Escrow (August 3rd) to Close the Escrow, and then the deeds will be handed over; however, American Green has a 45 day inspection period to see if the town is suitable for their "contemplated purposes". We'll get to that later.

If by some chance American Green even manages to scrap together $5 million to purchase the town, they can't grow or sell weed there:

Commercial marijuana cultivation and sales are illegal in unincorporated areas of San Bernardino County. “Unless Nipton incorporates, land-use permits will not be issued and full criminal enforcement procedures will be in effect,” San Bernardino County Sheriff’s Lt. Sarkis Ohannessian said. “As long as they follow the law, we’re all good.”

"That won’t be easy. Incorporation of a community in California is a costly and complex process that can take years", said Kathleen Rollings-McDonald, spokeswoman for the Local Agency Formation Commission in San Bernardino County. "State law requires a minimum of 500 registered voters and a minimum population of 10,000 residents in order to have a tax base to offset the costs of basic municipal needs such as law enforcement,” she said. “So due diligence appears to be a little short in this case." The 120-acre town was purchased with “preferred shares, venture loans and by working with capital investors,” Shearin said.

http://www.latimes.com/local/california/la-me-nipton-cannabis-resort-20170819-htmlstory.html

So what is American Green going to do? Luckily, there is an escape clause in the purchase agreement:



https://www.otcmarkets.com/financialReportViewer?symbol=ERBB&id=177214

Boom, right there. American Green can't grow cannabis in Nipton, CA at this time, they can back out of the deal and get a full refund. But is that something American Green would do? Back out of a deal? Why not, they lied about purchasing Nipton in their press release when they haven't yet.

Here are some other blatant lies American Green has put out in the past:

American Green Joint Ventures With FutureWorld to Add 1,500 Machines to the ZaZZZ Network

World-Renowned Oaksterdam University Tests American Green's Jurassic Watering System and Predicts Growers Who Use the Technology Will See a Minimum of 20-30% Increase in Net Revenue

The results from which were deleted: https://americangreen.com/oaksterdam-jos-test-results

Here's a good one...



This was back in 2014, they've added over 10 billion shares since then. And they never uploaded the video.


https://www.otcmarkets.com/financialReportViewer?symbol=ERBB&id=126222
https://www.otcmarkets.com/financialReportViewer?symbol=ERBB&id=177213

These are not made up numbers, these are facts. Let that sink in.

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American Green doesn't own Nipton yet, and there's a pretty high chance it won't given its past performances and poor financials. Incorporation of Nipton could take years and millions of dollars, and this small town just doesn't have the population.

American Green is rotten, and they are not innovators. They are parasites. Every few months they'll put out a press release about some new technology they are working on, or how they are partnering up with these dispensaries, and big things are coming to shareholders and American Green loves you. Then NOTHING. Billions of shares are added, share price declines, and everyone is left holding the bag while their shares get more and more diluted. They don't even talk about their past ventures, they just delete them from the website like it never existed. This is not an honest company, and quite frankly, they should be shut down for continuing this deceitful business practice of promising innovation and diluting shares without ever doing anything about it.

Want to see the real American Green?

11/12/1998: TI-Mail Inc.
08/14/2000: Desert Winds Entertainment, Inc.
11/06/2002: SunnComm, Inc.
04/20/2004: SunnComm Technologies, Inc.
06/14/2007: The Amergence Group, Inc.
03/08/2011: Altitude Organic Corporation
01/06/2012: Tranzbyte Corporation
05/09/2014: American Green Inc.

Seven name changes, two or three stock ticker changes, reverse splits, and massive debt accumulation. This is what you are investing into. A company with multiple personality disorder posing as an innovator of marijuana products who doesn't give two shits about the common investor, only cares about insiders and lining its own pockets before investing into the company.

"Fraudsters often exploit the latest innovation, technology, product, or growth industry – in this case, marijuana – to lure investors with the promise of high returns. Also, for marijuana-related companies that are not required to report with the SEC, investors may have limited information about the company’s management, products, services, and finances. When publicly-available information is scarce, fraudsters can more easily spread false information about a company, making profits for themselves while creating losses for unsuspecting investors."

https://www.sec.gov/oiea/investor-alerts-bulletins/ia_marijuana.html

American Green even retweeted an article calling them out on their own scam:

Things aren’t always what they seem in the heat of the desert, and American Green’s purchase of Nipton may be no exception. While most of the press attention on the sale focused on the novelty of a cannabis company owning a town, New Cannabis Venture’s Alan Brochstein is the first to draw attention to American Green’s dire financial situation. According to their most recent filings, American Green has only $191,000 in cash, about $2.1 million in assets, yet $8.76 million in liabilities with over $8 million due this year. Brochstein described American Green as “an incredible disappointment for investors since inception.” Furthermore, according to Brochstein, the company is “on a serial dilution treadmill from which it is unlikely to escape anytime soon.” So far, instead of making money, it appears that American Green has just created more shares to pay down its hefty debts. Brochstein suggested that investors proceed cautiously, because “the company has a long history of issuing exciting press releases but then not following through.”

Given Brochstein’s dire prognosis of the health of American Green as a company, it’s hard to say for certain if this project will ever get off the ground, or if it will be one more case of “not following through,” leaving Nipton high and dry.

http://info.pistilandstigma.com/blog/nipton-cannabis-gold-rush-or-a-mirage

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Listen to pumpers on this board all you want, but that won't change the direction this company is heading and has headed for the past ten years. Due your own due diligence, look at the financials, dig through the records, the old press releases, and draw your own conclusions about whether or not this company is worth investing in. Don't end up like the investors who bought into ZaZZZ/AGM back in 2014.