American Green Inc (ERBB)

[Pinky Buster]

ERBB: Profits?

NO Profits as you can see here:

The disturbing news come from ERBB's latest press release from May 22 in which they proudly announce the acquisition of the YO! debit card network and which we covered in more detail in our previous article about them. The problem comes when you see their financial state and start to realize how they managed to do that. They finally released their latest quarterly report which covers the period ended March 31, 2013 from which we got the numbers of greater significance that you can see listed below.


cash: $469
total assets: $1 million
current liabilities: $3.3 million
revenue: $0
net loss: $201 thousand
http://www.hotstocked.com/article/54792/tranzbyte-corporatio-otcmkts-erbb-making-a.html

ZERO!