American Green Inc (ERBB)

[KickolasNage]

There are still billions of shares in convertible notes:

https://backend.otcmarkets.com/otcapi/company/financial-report/245461/content

Here's a good one.

During the quarter ended March 31, 2020 the Company issued 307,923,175 common shares. One debenture was retired that had $56,000 of principal and $21,020 of accrued interest by issuing 31,297,745 common shares to its Holder. Partial payments were made to three unaffiliated debenture holders totaling 276,625,430 common shares to pay $363,617 of principal and $28,970 of interest.

Almost a third of a billion shares issued to pay off a third of a million dollars worth of debt.

What's the current liabilities?

$14,597,641

276 million shares to pay off $390k in debt, when there's still $14.597 million in debt liabilities.

American Green has some of the most ridiculous conversion rates, 50% off the 52-week low, or currently 0.0008 per share. That $363617 + 28970 interest? They got those shares for 0.0014. The current price is 0.0022, guaranteeing them a 57% return on their investment. Do you see how ridiculous that is? Do you see why this never runs? Let's say, for the sake of the argument, that they issue the same number of shares to pay off that $14.597 million that they did for the $390k convertible note.

That would be 10.4 billion shares. If they used the 0.0008 conversion rate? 18.2 billion shares. There's a reason it's called a toxic debt spiral. They'll increase the authorized share count whenever it's time to dump more shares, they have been doing it for years. That's how the A/S skyrocketed to 60 billion shares in the first place in 2019.

Diluted scam stock.