American Green Inc (ERBB)

[nopancakemix]

The Main Reason ERBB is Not in Teens
ERBB has repeatedly failed to produce the long overdue MJ dispensing machine. Period.

Before those who do not know my position and sentiment get all up in arms, please check my posting history. I am a stalwart ERBB long.

Bottom line is Tranzbyte has promised this machine for over a year. The company has missed self declared launch dates on several occasions after issuing PRs announcing several time frames. Even today as ERBB announces all the peripheral support and partnerships for the machine and has gone so far as to name it, the Zazzz machine has not been shown in all it's glory.

This type of uncertainty kills equities. Yet ERBB has stood incredibly strong due to the more pleasant cousin of uncertainty, anticipation. Similar to how Apple hype can boost the stock around earning and product release conferences, Tranzbyte has generated excitement by releasing PRs with juicy details regarding partnership with 2 big MJ players whose items are to be featured in the Zazzz machine; Beyond Mars, an MJ edible company with a strong presence in CO and The Vapor Group, an extremely hot, publicly traded (ticker SPLI) company that sells vaporizer hardware.

Share structure is obviously relevant but far less concerning. Other posters have made some apt comparisons to $!RI, as that company has an enormous float since inception, yet despite massive overhead/liabilities/questionable business structure, the company has also jumped from .05 to $3 in a short time.

Of course, ERBBs overblown float has its advantages; the stock is pretty liquid. I sold a decent portion of my holdings just to take profits and pay off the original investment and had no problem moving a large amount of shares in the tight bid/spread. Other MJ stocks are much less liquid and with some, only a few thousand can be sold before you bring down the spread.

As for claims of the shorts driving it down.....puuuuuuhlease people. This is a penny stock. I haven't checked the OTC short interest on ERBB in a while because it is totally irrelevant. The total short value is probably not even $100k. In the few years I have followed pennies the biggest manipulation seems to be to the upside that's why you see huge unsustainable pops on hype that are sold off because of a hollow PR or random nod from an "analyst". The biggest reason shorts hold no weight is the lack of equity derivatives. With big board stocks there are weekly, monthly options, mini options and many more ways to manipulate but more important, to PROFIT off manipulation.