Interest in American Green, Inc. (OTCMKTS:ERBB) Dropping

After a disappointing report and a small percentile hiccup on the chart, the daily dollar volume generated by American Green, Inc. (OTCMKTS:ERBB) dropped to under $200 thousand in Tuesday’s session. The stock closed at $0.0126, or 2% in the red.

The $197 thousand worth of ERBB stock that changed hands yesterday represents the company’s lowest dollar volume in a little over a month. The company is doing a very good job of keeping quiet about its Zazzz machines. Combining this with the rather dismal report ERBB dropped for Q1 of its new fiscal year, it’s no wonder investors are shying away.

The company’s latest quarterly showed a mere $60 thousand in revenues. The $1.7 million pre-order of ERBB‘s Jurassic Water units announced on April 24 obviously never materialized in revenues. The acquisition of OG Tea announced in a PR from September 12 is recorded under ‘Potential acquisitions’ in the report, meaning it was not finalized as of late November, even though the September PR claimed ERBB ‘has acquired’ OG.

This whole mess and lack of proper transparency concerning what’s really going on with ERBB is the least worrying thing about the report. Far worse was the new $1.2 million in convertible debt that can be turned into ERBB shares worth roughly $0.0005 for another month. Come 2015, the conversion price would go to around $0.0035 as the notes have fixed, toxic discounted conversion provisions.

ERBB‘s Zazzz vending machine is still just around the metaphorical corner – exactly where it’s been over the past six months. The company seems unable to actually round the same metaphorical corner and actually come forward with a fully operational design, despite showing footage of multiple half-finished iterations.

An hour before the opening bell today, ERBB dropped a PR, announcing a division of Digital Brand Media & Marketing Corp. (OTCMKTS:DBMM) will be doing branding and delivering traffic to ERBB‘s ‘suite of businesses’. DBMM is called a ‘leader in the industry’. If traders would take the time to look up DBMM, they would discover it’s a pink sheet company trading at $0.0001, with a market cap of $285 thousand as per its latest outstanding shares reported. How this could match anyone’s idea of a leading marketing and branding company is, frankly, beyond us.

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