American Green Inc (ERBB)

[IBurnPurpleKush]

SORRY METALSKIN420 I meant to say during the 9 months ending march 31, 2014 they had a NET LOSS of (-1,040,099). HERES I JUST EDITED IT JUST FOR YOU BUDDY ;)

Investopedia explains 'Net Loss'

A person or company with a net loss has not made a profit for a given year. Newer businesses often run at a net loss for the first few years, while acquiring one-time high cost expenses such as equipment, buildings, technology and rights. Businesses that have a net loss don't necessarily go bankrupt because they may opt to use their retained earnings or loans in order to stay afloat.
This strategy, however, is only short term, as a company without profits cannot continue surviving for a long period of time.

How do you guys think they have survived this long? I believe the answer to that question is by issuing debentures that allowed debenture debt holders to convert at the 18 month or 360 day low with a 50 percent discount!

ALL OF THEM CONVERT AT THE 18 MONTH OR 360 DAY LOW WITH A 50 PERCENT DISCOUNT:

The debentures accrue interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 360 trading days before the conversion date.

The debentures accrue interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 18 months before the conversion date.

Definition of 'Convertible Debenture'

A type of loan issued by a company that can be converted into stock by the holder and, under certain circumstances, the issuer of the bond.

6,262,507 dollars in net LOSSES!!!!!!!

For the 9 MONTHS ended Mar 31, 2014
$(-1,040,099)

For the year ended June 30, 2013
$ (-765,583)

For the year ended June 30, 2012
$ (-1,138,268)

For the year ended June 30, 2011
$ (-1,183,972)

For the year ended June 30, 2010
$ (-538,312)

For the year ended June 30, 2009
$ (-454,671)

For the year ended June 30, 2008
$ (-237,464)

For the year ended June 30, 2007
$ (-904,138)

1,040,099+
765,583+
1,138,268+
1,183,972+
538,312+
454,671+
237,464+
904,138

=6,262,507 dollars in net LOSSES!

I wonder what the new NET LOSS will be for the year ending june 30, 2014. ANY GUESSES?

1. 2,905,313,180 shares retired $1,743,608. All of those shares got issued at the average pps of about 0.0006
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104192881

2. 1,367,866,228 of those shares got issued to the former president or presidents of ERBB
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104268153

3. Any further conversions will cause more price drops... $1,285,646 more dollars worth of debenture debt will be converted at the 360 day low Or 18 month with a 50 percent discount. (which will be 0.0006 until 6/2015)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104243206

On June 29, 2012, the Company issued a $500,000 convertible debenture to a former president of the Company in
exchange for his release of a $268,000 secured note that had a lien on the Company’s inventory and any and all of its' assets of any kind or nature including assets held by its subsidiaries as of February 11, 2011.

LIEN DEFINITION : a right to keep possession of property belonging to another person until a debt owed by that person is discharged.

OVER 550,000,000 SHARES FOR A 500,000 DOLLAR DEBENTURE? WOW HE MUST BE MAKING A WHOLE LOTTA AMERICAN GREEN!!!

During the quarter ended March 31, 2012 the Company issued a total of 475,000,000 common shares under four separate demand notices reducing the principal by $261,250.

The Company paid off the debenture during the quarter ended March 31, 2014 by issuing 49,090,909 common shares for $27,000 of principal and 50,909,091 common shares for $28,000 of accrued interest through the end of the same quarter.