American Green Inc (ERBB)

[IBurnPurpleKush]

"DEATH SPIRAL" DEBENTURES DILUTE ERBB! STEPHAN OR WHOEVER RUNS THE AMERICAN GREEN FB PAGE NEVER REPLIED TO MY POST ON FB ABOUT THE DILUTION. I REPLIED TO A COUPLE TWITTER POSTS BY AMERICAN GREEN. LOOKS LIKE LUMERDOK FAVORITED MY COMMENTS ;) I posted a couple more times on their fb too. he hasn't replied...

https://www.facebook.com/americangreenusa?fref=nf

https://www.facebook.com/americangreenusa/posts/1434974703434027

Quote:
Hey stephan. I've been reviewing a few statements you made in the interview several times. at 33:00 you said : "American green does not dilute, It does not now. It will not in the future" .....................
http://www.youtube.com/watch?v=xY780UrYYm

what do you call this then? Do you honestly think ERBB does not dilute???


https://twitter.com/IBurnPurpleKush/status/480730328391098369

https://twitter.com/IBurnPurpleKush/status/480729840887140354

https://twitter.com/IBurnPurpleKush/with_replies

STEPHAN IS EITHER AN IDIOT OR A LIAR IF HE THINKS ERBB IS NOT DILUTED!

FACT 1 IS FOR SURE A FALSE OR MISLEADING PR! REMEMBER MISLEADING AND/OR FALSE STATEMENTS IS PART OF A PUMP AND DUMP SCHEME.

FACT 1 : the "GREEN MACHINE" WAS SUPPOSED TO BE NEARLY A YEAR AGO"! Check out the PR
04/10/2013 @ 8:00AM
Tranzbyte Corporation Announces "Game Changer" in Medical Marijuana Automated Vending
ERBB), announced today that will begin distribution of its Automated Marijuana Vending Machine within qualifying states and locales beginning next quarter. 04/10/2013 @ 8:00AM So next quarter would be Aug/13 LMAO

http://www.prnewswire.com/news-releases/tranzbyte-corporation-announces-game-changer-in-medical-marijuana-automated-vending-202294341.html

FACT 2: Mar 31, 2014 NET LOSS! (-1,040,099) AND MORE DEBENTURES!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=102532067

FACT 3: 25 MILLION DOLLAR DRAUD 12 MILLION DOLLAR LAWSUIT
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103142661

FACT 4: ERBB IS DILUTED! 2,905,313,180 shares converted at .0004-.0013 ;)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=102533333

FACT 5: LUMBERDOK ADMITTED ERBB AND USEI HAVE NO DEAL!6/18/14
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=102533333

FACT 6: The SEC and FINRA have warned all investors to stay away from stocks like this.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103334859

FACT 6: The Preferred Series B shares held by the Company’s president, David Gwyther have voting control of the Company with 1,000 votes for each preferred share held. 6,500,000,000 SHARES ;)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103314782

FACT 7: IT IS POSSIBLE THIS COULD GET SUSPENDED.
Why would the SEC suspend trading in a stock?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103200842

FACT 8: no transparency here.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=102482006

FACT 9: "Those Who Do Not Learn History Are Doomed To Repeat It."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103200735

FACT 10: ALL ERBB INTERVIEWS DELETED OR MADE PRIVATE ON YOUTUBE BY LUMBERDOK!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103022367

FACT 11: A look at their financials reveals the TRUTH.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103570277

fact 12: -Cash - $30 thousand in cash
-Current liabilities - $3.8 million
-Quarterly revenues - $68 thousand
-Quarterly net loss - $426 thousand


In finance, a convertible bond or convertible note (or a convertible debenture if it has a maturity of greater than 10 years) is a type of bond that the holder can convert into a specified number of shares of common stock in the issuing company or cash of equal value. It is a hybrid security with debt- and equity-like features. It originated in the mid-19th century, and was used by early speculators such as Jacob Little and Daniel Drew to counter market cornering.

From the issuer's perspective, the key benefit of raising money by selling convertible bonds is a reduced cash interest payment. The advantage for companies of issuing convertible bonds is that, if the bonds are converted to stocks, companies' debt vanishes. However, in exchange for the benefit of reduced interest payments, the value of shareholder's equity is reduced due to the stock dilution expected when bondholders convert their bonds into new shares.


http://www.investopedia.com/terms/d/deathspiral.asp

Definition of 'Death Spiral'

A type of loan investors give to a company in exchange for convertible debt, which, like convertible bonds, typically has provisions that allow investors to convert the bonds into stock at below-market prices. This can cause the original shareholders to lose control of the company.

Investopedia explains 'Death Spiral'

This type of loan is undertaken by companies that desperately need cash. It is called a death spiral because companies' stocks often plunge drastically after they take on these types of loans. It is important to note that death spirals often allow buyers to convert the bonds into shares at a fixed conversion ratio in which the buyer has a large premium.

For example, a bond with a face value of $1,000 may have a convertible value of $1,500, which means that a bondholder will receive $1,500 dollars worth of equity for giving up the $1,000 bond.

However, upon a conversion, more shares are created, which dilutes the share price. This drop in price may cause more bond holders to convert, because the lower share price means that they will be receiving more shares. Any further conversions will cause more price drops as the supply of shares increases, causing the process to repeat itself as the stock's price spirals downward.

OVER 50 PERCENT OF THE FLOAT ALREADY ISSUED TO THOSE "VARIOUS DEBENTURE DEBT HOLDER" . SORRY I CAN'T TELL YOU THEIR NAMES . THAT INFO IS CONFIDENTIAL ;)

2,905,313,180 shares converted at .0004-.0013 :) haha with debenture debts like that all I have to do is post the info. you should take a look at the long list of debenture debts that convert at the 18 month or 360 day low with a 50 percent discount. this is just the beginning of the AMERICAN GREEN the debenture holders will make. there is a lot more debenture debt that converts into the company's common stock at the 18 month or 360 day low with a 50 percent discount. Id be cautious if I were you. This stock is very diluted. THATS A FACT

GO TO PAGE 12-17.

https://www.otcmarkets.com/financialReportViewer?symbol=ERBB&id=120695

During the quarter ended June 30, 2012, a total of 206,414,686 common shares were issued in settlement of
$265,191 of principal and $1,008 of accrued interest on three outstanding debentures of the Company.

265,191 ÷ 206,414,686 = 0.0012847487

During the quarter ended September 30, 2012, a total of 220,238,267 common shares were issued in settlement of
$115,553 of principal and accrued interest on four debentures of the Company.

115,553 ÷ 220,238,267 = 0.00052467267

During the quarter ended December 31, 2012, a total of 635,000,000 common shares were issued in settlement of
$310,082 of principal and $39,343 of accrued interest on four outstanding debentures of the Company resulting in one
of the debentures being paid in full.

310,082 ÷ 635,000,000 = 0.00048831811


During the quarter ended March 31, 2013 the Company paid down $314,700 of debentures payable along with
accrued interest on the debentures of $29,050 under five separate conversion notices with the issuance of
625,000,000 common shares.

314,700 ÷ 625,000,000 = 0.00050352

During the quarter ended June 30, 2013 the Company paid down $85,410 of debentures payable along with accrued
interest on the debentures of $14,278 under three separate conversion notices totaling the issuance of 181,250,000
common shares.

85,410 ÷ 181,250,000 = 0.00047122758

During the quarter ended September 30, 2013, the Company issued 14,471,743 restricted common shares to its
directors for services valued at $70,635, 216,514,545 common shares to retire $117,500 in outstanding debenture
debt and accrued interest and 2,832,552 restricted common shares valued at $10,000 for consulting services.

117,500 ÷ 216,514,545 = 0.00054268871

During the quarter ended December 31, 2013 the Company paid down $211,396 of debentures payable along with
accrued interest on the debentures of $36,104 under four separate conversion notices totaling the issuance of
450,000,000 common shares.

211,396 ÷ 450,000,000 = 0.00046976888

During the quarter ended March 31, 2014, the Company issued 370,895,682 common shares to retire $203,993 of
debenture debt and accrued interest to various debenture holders.

203,993 ÷ 370,895,682 = 0.00055000101

370,895,682+
450,000,000+
216,514,545+
181,250,000+
625,000,000+
635,000,000+
220,238,267+
206,414,686

=2,905,313,180 shares

Quote:
Definition of 'Dilution'
A reduction in the ownership percentage of a share of stock caused by the issuance of new stock. Dilution can also occur when holders of stock options (such as company employees) or holders of other optionable securities exercise their options. When the number of shares outstanding increases, each existing stockholder will own a smaller, or diluted, percentage of the company, making each share less valuable. Dilution also reduces the value of existing shares by reducing the stock's earnings per share.
Investopedia Says
Investopedia explains 'Dilution'
Suppose a company has issued 100 shares to 100 unique shareholders. Each shareholder owns 1% of the company. If the company then has a secondary offering and issues 100 new shares to 100 more unique shareholders, each shareholder will only own 0.5% of the company. The smaller ownership percentage also diminishes each investor's voting power.
Share dilution may be imminent any time a company needs additional capital. The potential upside of share dilution is that the additional capital the company receives from issuing additional shares can improve the company's profitability and the value of its stock.

http://www.investopedia.com/terms/d/dilution.asp

Definition of 'Authorized Share Capital'
The number of stock units that a publicly traded company can issue as stated in its articles of incorporation, or as agreed upon by shareholder vote. Authorized share capital is often not fully used by management in order to leave room for future issuance of additional stock in case the company needs to raise capital quickly. Another reason to keep shares in the company treasury is to retain a controlling interest in the company.
Also be called "authorized stock," "authorized shares" or "authorized capital stock."
Investopedia explains 'Authorized Share Capital'
Stock exchanges may require companies to have a minimum amount of authorized share capital as a requirement of being listed on the exchange. For example, the London Stock Exchange requires that a public limited company have at least £50,000 of authorized share capital to be listed. Authorized share capital may be greater than the shares available for trading. The shares that have actually been issued to the public and to the company's employees are known as "outstanding shares."

http://www.investopedia.com/terms/a/authorized-share-capital.asp

Quote:

http://www.investopedia.com/terms/b/bag-holder.asp

Investopedia explains 'Bag Holder'

Symbolically, the investor is left holding a bag full of worthless material, representing worthless stock. The bag holder, typically, will retain an investment even though there is convincing evidence that the value will continue to drop.

There are several reasons this might happen, such as neglecting an underperforming portfolio, an investor not wanting to admit a mistake, or just plain hope that the stock will recover. Setting limits on losses and having a good exit strategy are ways to avoid this situation.

http://en.wikipedia.org/wiki/Pump_and_dump

"Pump and dump" (P&D) is a form of microcap stock fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements, in order to sell the cheaply purchased stock at a higher price. Once the operators of the scheme "dump" their overvalued shares, the price falls and investors lose their money. Stocks that are the subject of pump and dump schemes are sometimes called "chop stocks".

While fraudsters in the past relied on cold calls, the Internet now offers a cheaper and easier way of reaching large numbers of potential investors.

http://en.wikipedia.org/wiki/Forward-looking_statement

Forward-looking statement
From Wikipedia, the free encyclopedia
In United States business law, a forward-looking statement or safe harbor statement is a statement that cannot sustain itself as merely a historical fact. A forward-looking statement predicts, projects, or uses future events as expectations or possibilities. These statements can often be misleading, as they can be mistaken for factual statements, while they are actually speculation. According to US Code 15 Section 78u-5, a forward-looking statement can include statement of any of the following: future economic performance (ex: revenues, income, etc.), plans for future operations, or use of a report written by an outside reviewer

http://en.wikipedia.org/wiki/Bagholder

Bagholder
From Wikipedia, the free encyclopedia
In U.S. financial slang, a bagholder is a shareholder left holding shares of worthless stocks.

The shareholders could be caught up in a corporate bankruptcy and accounting scandal, as was the case with Enron and Worldcom, or the victims of a pump and dump scheme, in which naive and unsophisticated investors fall victim to e-mail spam, rigged stock tip forums, or other tricks used by stock touts to drive up the shares of worthless penny stocks.

The term has also been applied as a term of derision to real estate investors.

The word is derived by combining shareholder with the expression "left holding the bag."