SHARE

Last week, the share price of American Green Inc (OTCMKTS:ERBB) traded subdued and closed the week at weak note. The decline of Friday continued on Monday as the stock price plunged another 3.45% to close the trading session at $0.00840. Share volume was 19.45 million, compared to the average volume of 28.20 million.

No update

American Green didn’t report any update on its new products or operations in last one month. The stock prices are unable to gain any positive momentum in absence of any news. It is the prime reason every surge in prices witness selling pressure. Even the paid pump that was circulated in third week of March has lost its steam. The paid pump failed to create any excitement for the company’s stock among investors. In fact, after the release of paid pump, ERBB stock declined 12% at massive volume of 47 million shares.

The update on ZaZZZ

American Green Inc (OTCMKTS:ERBB) provided no update on ZaZZZ roll out in past one month. The only thing that the company did was to maintain a low profile. It kept on sending non-news mail to all those people who have registered to get regular emails. Moreover, the emails didn’t have anything new but the news related to the CARERS Act. The company reported that the ZaZZZ machine functioning is really happening.

The work

American Green installed the ZaZZZ machines some three months ago in December. The company just updated on its social media page that it activated the machines on two different locations. They were uploaded with updated software and product imagery, and linked to the internet. The two machines were stated as fully activated. As of now, it is essential for the company to move forward with ZaZZZ rollout or provide some update related to the development work.

In last trading session, American Green share price declined 3.45% to close at $0.00840.

LEAVE A REPLY