American Green Inc (ERBB)

[alj14]

Stingray,

Thanks for your latest posts, which go a long, long way to clarify all the main points raised recently.

If I remember correctly, quite a few posters, at the moment of the RS and immediately after that, were looking for the share price to fall back to the pre-RS level, on an 'apocalypse now' outlook.

Far from anything like that happening, and with the only drawback currently being a wide bid-ask spread, the SP has remained rock-solid so far in the same range it had on the last day of trading before the reverse split (I am including the split adjustment, of course).

That in itself is quite some achievement, whether you are looking at the big picture technically or statistically. (Some posters had assured us that reverse splits have catastrophic outcomes almost 100% guaranteed; to them, this SP performance should already be sobering, if not downright encouraging.) How come there is so much strength and resilience, if the period we are in now is still prior to any announcement?

On the purely technical side, just to give a slightly different topic and a new sidelight, Am. Bulls tells us:

"AMNG
AMERGENCE GROUP INC
Daily Commentary

Our system posted a HOLD today. The previous BUY recommendation was issued on 05.25.2007 (42) days ago, when the stock price was 1.0000. Since then AMNG has gained 175.00% .

Our advice today is simple and clear. Hold your stocks and wait for a new signal.

Do not bother yourself with further buying and selling as long as the HOLD tag stays."

I believe management has a strong grip on the situation and a clear sense of direction. To mix my metaphors, if anyone wants to sell at this juncture, they should just take the bear by the horns and be prepared to be hugged before a stampede. Or, more seriously, bide your time.

Thanks again for those insights.

JMHO,

alj14