American Green, Inc. (OTCMKTS:ERBB) Red Once More

Yesterday’s session pushed American Green, Inc. (OTCMKTS:ERBB) down again. The stock price slipped another 7% and ERBB stopped at $0.014 per share by the closing bell.

There is still no quarterly filing from the company, with just two days left before it becomes overdue. There is no official news and PR concerning the company’s Zazzz machine either. A week ago the company used its Facebook profile to tell a concerned investor that orders for the new Zazzz Mach 2 are coming in and those will be fulfilled in ‘early December’. This is after two announcements in official PR that the older Mach 1 would roll out in July, then another release which said the cross-country launch was going to happen ‘in October’.

Another post from the official American Green Facebook account says the ‘bulk order’ of Zazzz machines will arrive within about 10 days and the company will begin to ‘sell big time’. We can imagine ERBB wants to keep its Facebook followers and investors engaged and interested but using wording such as ‘sell big time’ looks unprofessional and plainly put – not serious. It’s a little difficult to believe that this promise will be kept, considering how effortlessly ERBB missed its own deadlines in the past.

ERBB announced it will be managing a 20 thousand sq ft cannabis cultivation facility for Urban Hills LLC, a Nevada business. This is expected to bring an additional $20 thousand in monthly revenues into ERBB‘s coffers. The market reaction to the announcement was a brief pop on the day it came out, then the price slipped again.

ERBB has two more days before its next quarterly becomes overdue. The report will shed much-needed light on the company’s situation and its outstanding share count and debt situation in particular.