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American Green Inc (OTCMKTS:ERBB) Consolidates After Deep Decline

On Wednesday, the stock of American Green Inc (OTCMKTS:ERBB) opened trading session with a sharp and sudden slide. It partially recovered in the course of day only to close the session with loss of 6.3%. However, the stock consolidated on the next day and surged more than 1% to close the day at $0.00890. Share volume was at 22.56 million, lower than the previous day volume of 31.5 million shares traded.

The news

It appears in the absence of any new Press Release, American Green is facing a tough time to trade at higher levels on the chart. The paid pump that targeted the company stock on March 15 and March 16, 2015 has been over. The pump resulted in a deep decline of almost 12% last Wednesday at a massive volume of 47 million shares.

ZaZZZ rollout

American Green is maintaining a low profile and only releasing optimistic appearing non-news in the form of emails sent to those who subscribed to the email service. In this week, another of those non-news events was sent highlighting the CARERS Act. It also told people that the ZaZZZ rollout is really happening.

The problems

American Green Inc (OTCMKTS:ERBB) rolled out the ZaZZZ machines in December. As per the social media update, there are two locations that have activated ZaZZZ machines. The latest press release stated that machines with fully updated software and product imagery fully uploaded have been connected to the internet. These machines are termed as fully activated.

The disappointment

The machines have small text close to installed location on the hub site stating they are ‘online’. The fact is different as the progress has stopped since the two locations went live in March. The people who expect a significant revenue jump based on ZaZZZ machines should be prepared for a surprise. American Green itself told that the revenue generation is not going to happen overnight.

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