American Green Inc (ERBB)

[KevSil]

Let’s look at the company since the beginning of 2017.
They started the year 2017 with 11 billion shares outstanding out of 14.5 billion authorized. They raised the authorized shares to 25 billion and currently have 22.6 billion outstanding. In 18 months!

They started 2017 with $6mm in current debt and $9mm in total liabilities. They now have $9mm in current debt and $16mm in total liabilities. This is after doubling the share count.

They bought Nipton for $5mm and within 8 months sold it for shares of a company with no revenue.

The AGM hasn’t been placed in a single US dispensary and is now illegal in Canada.

They finally got a grow facility up to code after 3 years of building. It’s a tiny operation and the market in the area has greatly declined over the past 3 years.

Out of all of their projects one stands to bring in revs, but not nearly enough to justify a $20mm market cap.