American Green Inc (ERBB)

[KickolasNage]

American Green is Pulling the Same Tricks

"In a deal best described as unorthodox, Fan Energy agreed to acquire SunnComm's Project 1000 DRM technology for 23.8m shares of its stock. As it turns out, that gave Project 1000 - then a SunnComm subsidiary - the majority ownership (53 percent) of Fan Energy - the very company meant to be acquiring Project 1000. At this point, Fan Energy changes its name to Quiet Tiger and enters the DRM market.

Sound familiar? Here, let's replace some words:

"In a deal best described as unorthodox, Delta International Oil and Gas agreed to acquire American Green's Nipton project for 160m shares of its stock. As it turns out, that gave American Green the majority ownership (82 percent) of Delta International Oil and Gas - the very company meant to be acquiring Nipton. At this point, Delta International changes its name to CannAwake Corporation and enters the marijuana real estate market.

SunnComm may have changed their name to American Green, but they are the same people pulling the same tricks. Quiet Tiger and SunnComm ended up lying and stealing from investors over false press releases.

This is now going to end well for current shareholders. There was a 1:1000 reverse split back in 2007, three years after the whole SunComm merger.