American Green, Inc. (OTCMKTS:ERBB) Rises On PR Again

It seems that PR is still a potent tool in the hands of American Green, Inc. (OTCMKTS:ERBB), that the company is willing to use as much as it can.

Yesterday ERBB produced yet another vague and overly optimistic, but somewhat confusing announcement about fantastic revenue growth and unreasonable-looking growth projections. Statements like “I see no end in sight”, “everything we’ve hoped for”, “deliver on every level” and numerous superlatives about ERBB‘s management team and product were heaped sky-high in that publication.

In fact, the tone of the PR was not dissimilar to that of a pumper who was desperately touting the company’s stock. Which is a dubious move, especially since ERBB still has $3.5 million worth of convertible notes, that would convert at massive discounts due to the fixed percentile discount provisions.

If one takes the time to factor in the dubious PR, the horrendous share structure and ERBB‘s continued failure to roll-out its ZAZZZ vending machines in spite of multiple promises, this latest jump becomes even more miraculous.

As it is, the fact that ERBB is currently not traded at double zeros is a wonder in and of itself – but that’s marijuana hype for you. As we all know, it can cause a ticker to behave oddly – it has done so in the past, and will continue to do so in the foreseeable future. This is why investors need to be extra careful when dealing with marijuana-related companies.