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**§** MUST READ BLAST FROM DA PAST !!!American

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1vman Member Level  Wednesday, 10/23/19 11:20:17 AM
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Post # of 326290 
**§** MUST READ BLAST FROM DA PAST !!!
Quote:
American Green is a confidence scam / Ponzi scheme.(per erbb otcwatch forum).
The confidence scam is the game AG insiders play teasing vending machines, grow facilities, branded products and all the other lies the company has told while having no real intention of actually producing them further than what it takes to promote ERBB. Paying for permits and posting sporadic media is merely window dressing to generate hype for ERBB. These promotional costs are minor compared to the profits made insiders and convertible debt holders when they dump ERBB shares . In 19 years of operation, and in the 4 or so I have been analyzing American Green, this company has never made any significant or credible revenue, as every product and service has been a failure, likely by design not just due to incompetence. The recent claims of a Phoenix grow facility is not only a project delayed by over a year, it is just another soon to be defunct American Green con job like the “delayed”, then never built Hemet medical MJ facility or the Parachute Colorado extraction facility or the “20 Zazzz locations” or the “OG Tea revenues doubling”……
And that leads to the Ponzi scheme….ERBB convertible debt holders are “loaning” AG money in exchange for extremely discounted shares as well as cash payments for “interest” on the loaned monies. In exchange for the liquid capital loaned to AG, the convertible debt holders are awarded ERBB shares discounted 50% off the 52-week closing low when vested (per AG financial reports), giving the CD holder an immediate 100% profit when vested. When AG pumps ERBB shares just a small fraction, the profits on those heavily discounted can easily reach 200-5000% in a hurry.
Here is the real kicker in the Ponzi scheme:
Some of those convertible debt holders are insiders on AG payroll.
Most of the convertible debt capital raised by AG goes to pay the salaries of AG staff, consultants, legal counsel, officers and directors. Since insiders are often convertible debt holders, the money they “loan” AG ends up going right back in their pockets. They get the CD discounted shares, they get cash interest payments for “loaning” the CD money and they get paid a salary or consulting fee with the same money they loaned the company.
Of course @erbb-ir will claim I am wrong or that I am just spinning a yarn but they will never cite specific points of where I may be innaccurate. More important, they will never prove me wrong by actually generating a real product or service that generates revenue. To really make it worse, they can’t even legally challenge my definitive claims of fraud because I am not only correct, I have former employees on record backing up my statements.
I have been 100% accurate with my fundamental analysis of American Green and ERBB. I foretold the first failure of Zazzz having visited the few locations where the machines were dumped and neglected. I channel check AG’s alleged branded products only to find they were not at vendors named in official company press. I also exposed the dectiful relationships with many alleged American Green partner, including the disgruntled MJ license holder who was supposedly to occupy the delayed Phoenix grow facility.
Hindsight has repeatedly proven my analysis correct and any challenges to my assertions have been on the wrong side of history.

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*****ENOUGH SAID THERE WOW JUST WOW !*****


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