Couldn't get better
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NOTHING-BUT-PIPE-DREAMS,-THIS-SCAM-IS-HEADING-BACK-INTO-THE-TRIPS...
This bloated pig has nowhere to go but down as the debenture holders continue to dilute this into the ground.
DD REPORT: SCAM WARNING
American Green is 18 years old.
American Green has changed names 8 times
American Green has had 2 Reverse Splits
American Green is 30 Million in Debt
ERBB has 8.4 Billion shares outstanding
http://www.otcmarkets.com/financialReportViewer?symbol=ERBB&id=160840
American Green's T/A is gagged to hide the true share count
American Green has 5 thousand dollars in the bank
American Green has another 30 Billion shares already issued and in the process of being dumped! Issued for 50% off the lowest 52 week closing price, putting the share count around 39 Billion
http://www.otcmarkets.com/stock/ERBB/profile
http://www.otcmarkets.com/financialReportViewer?symbol=ERBB&id=150858
Outstanding Debentures
On December 31, 2010, the Company issued a debenture payable for $162,706 for cash advances during the 2010
calendar year. The debenture accrues interest at 10% per annum and can convert into the company’s common stock
at 50% of the lowest closing bid price 360 trading days before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. During the quarter ended September 30, 2012, the Company issued 6,666,667 common shares
valued at $6,667 reducing the principal by $1,092 and accrued interest $5,575. At September 30, 2012, the Company
owed the Holder $4,324 in principal and $7,816 in accrued interest. During the quarter ended June 30, 2013, the
Holder converted $590 of principal and $2,848 of accrued interest for 6,250,000 common shares of the Company.
During the quarter ended December 31, 2013 the debenture accrued $108 in accrued interest resulting in the
Company owing $4,324 in principal and $8,462 in accrued interest at December 31, 2013. The Company paid off the
debenture during the quarter ended March 31, 2014 by issuing 7,861,818 common shares for $4,324 of principal and
15,385,455 common shares for $8,462 of accrued interest through the end of the same quarter. On January 29, 2015,
28,800,000 common shares were returned to the Company that had been originally issued from a conversion of this
debenture on April 27, 2012. The amount of the debenture was increased by $28,800 representing the amount of the
reduction of the debenture at the time of its conversion on April 27, 2012. No gain or loss was recognized by the
Company in the transaction. During the quarter ended December 31, 2015 the debenture accrued $720 of interest. At
December 31, 2015 the debenture had $28,800 in principal and $2,160 in accrued interest outstanding.
On April 24, 2014 the Company issued a debenture for $500,000 for cash in the same amount on the same date. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Interest expense during the quarter ended September 30, 2014 was $12,500. Since July 1, 2014 the Debenture has
accrued $15,500 of interest during each quarter. During the quarter ended June 30, 2015 the debenture accrued
$20,833 in interest. Also, the Holder converted $30,000 of accumulated accrued interest into 9,677,419 common
shares. During the quarter ended September 30, 2015, the Holder converted $110,000 of principal for 99,490,662
common shares and $28,333 of accrued interest for 18,279,355 common shares. At December 31, 2015 the
debenture had $390,000 in principal and $21,000 in accrued interest outstanding.
Also on April 24, 2014 the Company issued a debenture for $310,000 for cash advanced to Company from April 3,
2014 to April 23, 2014. The debenture accrues interest at 10% per annum and will convert into the company’s
common stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted
from any conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the
Company after the conversion. During the quarter ended December 31, 2015 the Company effected two conversions
totaling $182,083 comprised of $138,166 in principal and $43,917 in accrued interest. At December 31, 2015, the
debenture had $171,834 of principal and $2,864 of accrued interest outstanding.
On August 16, 2014 the Company issued a debenture for $100,000 for cash in the same amount on the same date.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the Debenture has been accruing interest at $2,500 each quarter. At December 31, 2015, the
debenture had $100,000 of principal and $12,500 of accrued interest outstanding.
On September 30, 2014 the Company issued a debenture for $550,000 for cash advances during the quarter. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since
its inception the Debenture has been accruing interest at $13,750 each quarter. At December 31, 2015, the debenture
had $550,000 of principal and $68,750 of accrued interest outstanding.
On September 30, 2014 the Company issued a debenture for $127,177 for expenses paid on behalf of the Company
during the quarter. The debenture accrues interest at 10% per annum and will convert into the company’s common
stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since its inception the Debenture has been accruing interest at $3,179 each quarter. At December
31, 2015, the debenture had $127,177 of principal and $15,897 of accrued interest outstanding.
On September 30, 2014 the Company issued a debenture for $210,000 for services in the same amount on the same
rendered from January 1, 2012 through December 31, 2013. The debenture accrues interest at 10% per annum and
will convert into the company’s common stock at 50% of the lowest closing bid price 12 months before the conversion
date. The Holder is restricted from any conversions that would result in the Holder owning over 9.9% of the
outstanding common shares of the Company after the conversion. At December 31, 2015, the Debenture had
$210,000 of principal and $26,250 of accrued interest outstanding.
On October 30, 2014 the Company issued a debenture for $300,000 for three cash advances during October 2014.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
At December 31, 2015, the Debenture had $300,000 of principal and $25,000 of accrued interest outstanding.
On November 25, 2014 the Company issued a debenture for $170,000 for two cash advances during November 2014.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
At December 31, 2015, the Debenture had $170,000 of principal and $17,000 of accrued interest outstanding.
On December 1, 2014 the Company issued a debenture for $125,000 for two cash advances during the quarter ended
December 31, 2014. The debenture accrues interest at 10% per annum and will convert into the company’s common
stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since its inception the debenture accrued $3,125 of interest during each quarter. At December 31,
2015, the Debenture had $125,000 of principal and $12,500 of accrued interest outstanding.
On December 19, 2014 the Company issued a debenture for $275,000 for five cash advances during the December
2014. The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of
the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
At December 31, 2015, the Debenture had $275,000 of principal and $27,500 of accrued interest outstanding.
On January 9, 2015 the Company issued a debenture for $100,000 for a cash advance. The debenture accrues
interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 12
months before the conversion date. The Holder is restricted from any conversions that would result in the Holder
owning over 9.9% of the outstanding common shares of the Company after the conversion. At December 31, 2015,
the Debenture had $100,000 of principal and $9,167 of accrued interest outstanding.
On January 30, 2015 the Company issued a debenture for $175,000 for three cash advances during the January
2015. The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of
the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
At December 31, 2015, the Debenture had $175,000 of principal and $16,041 of accrued interest outstanding.
On February 2, 2015 the Company issued a debenture for $20,000 for a cash advance. The debenture accrues
interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 12
months before the conversion date. The Holder is restricted from any conversions that would result in the Holder
owning over 9.9% of the outstanding common shares of the Company after the conversion. Since its inception the
debenture accrued $500 of interest during each quarter. At December 31, 2015, the Debenture had $20,000 of
principal and $1,833 of accrued interest outstanding.
On February 24, 2015 the Company issued a debenture for $155,000 for two cash advances during February 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture accrued $3,875 of interest during each quarter. At December 31, 2015, the
Debenture had $155,000 of principal and $12,917 of accrued interest outstanding.
On March 31, 2015 the Company issued a debenture for $353,000 for four cash advances during March 2015. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since
its inception the debenture accrued $8,825 of interest during each quarter. At December 31, 2015, the Debenture had
$353,000 of principal and $26,475 of accrued interest outstanding.
On May 1, 2015 the Company issued a debenture for $105,000 for two cash advances during April 2015. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. At
December 31, 2015, the Debenture had $105,000 of principal and $7,000 of accrued interest outstanding.
On May 1, 2015 the Company issued a debenture for $25,000 for a cash advance. The debenture accrues interest at
10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 12 months
before the conversion date. The Holder is restricted from any conversions that would result in the Holder owning over
9.9% of the outstanding common shares of the Company after the conversion. Since its inception the debenture
accrued $625 of interest during each quarter. At December 31, 2015, the Debenture had $25,000 of principal and
$1,667 of accrued interest outstanding.
On June 3, 2015 the Company issued a debenture for $180,000 for three cash advances. The debenture accrues
interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 12
months before the conversion date. The Holder is restricted from any conversions that would result in the Holder
owning over 9.9% of the outstanding common shares of the Company after the conversion. At December 31, 2015,
the Debenture had $180,000 of principal and $9,000 of accrued interest outstanding.
On June 30, 2015 the Company issued a debenture for $200,000 for three cash advances. The debenture accrues
interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 12
months before the conversion date. The Holder is restricted from any conversions that would result in the Holder
owning over 9.9% of the outstanding common shares of the Company after the conversion. At December 31, 2015,
the Debenture had $200,000 of principal and $10,000 of accrued interest outstanding.
On June 26, 2015 the Company issued a debenture for $165,000 for a $150,000 cash advance. The debenture will
convert into the company’s common stock at 50% of the lowest closing bid price 12 months before the conversion
date but can’t convert below $.000825 per common share. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. At
December 31, 2015, the Debenture had $157,500 of principal outstanding that includes imputed interest.
On June 30, 2015 the Company issued a debenture for $240,000 for services rendered from July 1, 2014 through
June 30, 2015. The debenture accrues interest at 10% per annum and will convert into the company’s common stock
at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since its inception the debenture will accrue $6,000 of interest during each quarter. At December 31,
2015, the Debenture had $240,000 of principal and $12,000 of accrued interest outstanding.
On June 30, 2015 the Company issued a debenture for $226,966 for expenses paid on behalf of the Company from
April 1, 2014 through June 30, 2014. The debenture accrues interest at 10% per annum and will convert into the
company’s common stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is
restricted from any conversions that would result in the Holder owning over 9.9% of the outstanding common shares of
the Company after the conversion. At December 31, 2015, the Debenture had $226,966 of principal and $11,348
accrued interest outstanding.
On June 30, 2015 the Company issued a debenture for $120,000 for services rendered from January 1, 2014 through
December 31, 2014. The debenture accrues interest at 10% per annum and will convert into the company’s common
stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since its inception the debenture will accrue $3,000 of interest during each quarter. At December 31,
2015, the Debenture had $120,000 of principal outstanding and $6,000 of accrued interest.
On July 31, 2015 the Company issued a debenture for $85,000 for cash advances during July 2015. The debenture
accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid
price 12 months before the conversion date. The Holder is restricted from any conversions that would result in the
Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since its inception
the debenture will accrue $2,125 of interest during each quarter. At December 31, 2015, the Debenture had $85,000
of principal and $2,125 of accrued interest outstanding.
On August 31, 2015 the Company issued a debenture for $90,000 for cash advances during August 2015. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since
its inception the debenture will accrue $2,250 of interest during each quarter. At December 31, 2015, the Debenture
had $90,000 of principal and $2,250 of accrued interest outstanding.
On August 31, 2015 the Company issued a debenture for $20,000 for cash advances during August 2015. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since
its inception the debenture will accrue $500 of interest during each quarter. At December 31, 2015, the Debenture had
$20,000 of principal and $500 of accrued interest outstanding.
On September 13, 2015 the Company issued a debenture for $20,000 for cash advances during September 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $500 of interest during each quarter. At December 31, 2015, the
Debenture had $20,000 of principal and $500 of accrued interest outstanding.
On September 29, 2015 the Company issued a debenture for $60,000 for cash advances during September 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $1,500 of interest during each quarter. At December 31, 2015, the
Debenture had $60,000 of principal and $1,500 of accrued interest outstanding.
On September 30, 2015 the Company issued a debenture for $85,000 for cash advances during September 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $2,125 of interest during each quarter. At December 31, 2015, the
Debenture had $85,000 of principal and $4,250 of accrued interest outstanding.
On October 31, 2015 the Company issued two debentures for $83,000 totaling 166,000 for five cash advances during
October 2015. Each debenture accrues interest at 10% per annum and will convert into the company’s common stock
at 50% of the lowest closing bid price 12 months before the conversion date. The Holders are restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since their inception the debentures will accrue a total of $4,150 of interest during each quarter. At
December 31, 2015, the Debentures had $166,000 of principal and $2,766 of accrued interest outstanding.
On November 30, 2015 the Company issued a debenture for $60,000 for two cash advances during November 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $1,500 of interest during each quarter. At December 31, 2015, the
Debenture had $60,000 of principal and $500 of accrued interest outstanding.
On November 30, 2015 the Company issued a debenture for $72,500 for two cash advances during November 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $1,812 of interest during each quarter. At December 31, 2015, the
Debenture had $72,500 of principal and $604 of accrued interest outstanding.
On December 31, 2015 the Company issued a debenture for $115,000 for four cash advances during December
2015. The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of
the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $2,875 of interest during each quarter. At December 31, 2015, the
Debenture had $115,000 of principal and no accrued interest outstanding.
On December 31, 2015 the Company issued a debenture for $40,000 for three cash advances during December
2015. The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of
the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $1,000 of interest during each quarter. At December 31, 2015, the
Debenture had $115,000 of principal and no accrued interest outstanding.
Sure is, and a proven scam that has nothing going for them, and a proven scam that has pulled two massive reverse splits the last couple times the share count got this large. Its the pinks, some will explode up some will just explode into oblivion. With over 30 Billion more shares already issued for 50% off the lowest 52 week closing price. .00024 i'm betting on the later but will jump in from time to time during the day. You will never catch me holding these shares overnight though.
Because they don't want their clients to buy into this garbage scam.
AG IS A PROVEN SCAM, checkout their PR history and financials for yourself..
http://www.otcmarkets.com/financialReportViewer?symbol=ERBB&id=160795
http://www.otcmarkets.com/financialReportViewer?symbol=ERBB&id=160840
http://www.otcmarkets.com/stock/ERBB/news
40 BILLION FULLY DILUTED SHARES!!! ALL ISSUED FOR 50% OFF THE LOWEST 52 WEEK CLOSING PRICE... 00024 AND THEN SOLD BY INSIDERS TO ANYONE NAIVE ENOUGH TO BUY INTO THE LIES.
Outstanding Debentures
On December 31, 2010, the Company issued a debenture payable for $162,706 for cash advances during the 2010
calendar year. The debenture accrues interest at 10% per annum and can convert into the company’s common stock
at 50% of the lowest closing bid price 360 trading days before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. During the quarter ended September 30, 2012, the Company issued 6,666,667 common shares
valued at $6,667 reducing the principal by $1,092 and accrued interest $5,575. At September 30, 2012, the Company
owed the Holder $4,324 in principal and $7,816 in accrued interest. During the quarter ended June 30, 2013, the
Holder converted $590 of principal and $2,848 of accrued interest for 6,250,000 common shares of the Company.
During the quarter ended December 31, 2013 the debenture accrued $108 in accrued interest resulting in the
Company owing $4,324 in principal and $8,462 in accrued interest at December 31, 2013. The Company paid off the
debenture during the quarter ended March 31, 2014 by issuing 7,861,818 common shares for $4,324 of principal and
15,385,455 common shares for $8,462 of accrued interest through the end of the same quarter. On January 29, 2015,
28,800,000 common shares were returned to the Company that had been originally issued from a conversion of this
debenture on April 27, 2012. The amount of the debenture was increased by $28,800 representing the amount of the
reduction of the debenture at the time of its conversion on April 27, 2012. No gain or loss was recognized by the
Company in the transaction. During the quarter ended March 31, 2016 the debenture accrued $720 of interest. During
the quarter ended June 30, 2016 the debenture accrued $720 of interest resulting in the debenture having $28,800 in
principal and $3,600 in accrued interest outstanding at June 30, 2016.
On April 24, 2014 the Company issued a debenture for $500,000 for cash in the same amount on the same date. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Interest expense during the quarter ended September 30, 2014 was $12,500. Since July 1, 2014 the Debenture has
accrued $15,500 of interest during each quarter. During the quarter ended June 30, 2015 the debenture accrued
$20,833 in interest. Also, the Holder converted $30,000 of accumulated accrued interest into 9,677,419 common
shares. During the quarter ended September 30, 2015, the Holder converted $110,000 of principal for 99,490,662
common shares and $28,333 of accrued interest for 18,279,355 common shares. During the quarter ended March 31,
2016 the debenture accrued $9,750 of interest. During the quarter ended June 30, 2016 the Company reduced its
outstanding principal and accrued interest by $156,250 by issuing 289,090,909 common shares resulting in the
debenture having $270,788 in principal and $2,256 in accrued interest outstanding at June 30, 2016.
Also on April 24, 2014 the Company issued a debenture for $310,000 for cash advanced to Company from April 3,
2014 to April 23, 2014. The debenture accrues interest at 10% per annum and will convert into the company’s
common stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted
from any conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the
Company after the conversion. During the quarter ended December 31, 2015 the Company effected two conversions
totaling $182,083 comprised of $138,166 in principal and $43,917 in accrued interest. During the quarter ended March
31, 2016 the debenture accrued interest of $2,305 and the Company paid $79,636 in principal and $2,864 in accrued
interest by issuing 150,000,000 common shares. During the quarter ended June 30, 2016 the Company reduced its
outstanding principal and accrued interest by $27,500 by issuing 50,000,000 common shares resulting in the
debenture having $67,003 in principal and $1,675 in accrued interest outstanding at June 30, 2016.
On September 30, 2014 the Company issued a debenture for $550,000 for cash advances during the quarter. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since
its inception the Debenture has been accruing interest at $13,750 each quarter. During the quarter ended March 31,
2016 the debenture accrued interest of $12,500 and the Company paid $50,000 in principal and $68,750 in accrued
interest by issuing 215,909,091 common shares. During the quarter ended June 30, 2016 the debenture accrued
$12,500 of interest resulting in $25,000 of accrued interest and $500,000 in principal outstanding at June 30, 2016.
On September 30, 2014 the Company issued a debenture for $127,177 for expenses paid on behalf of the Company
during the quarter. The debenture accrues interest at 10% per annum and will convert into the company’s common
stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since its inception the Debenture has been accruing interest at $3,179 each quarter. During the
quarter ended March 31, 2016 the debenture accrued interest of $1,529 and the Company paid $66,000 in principal
and $15,897 in accrued interest by issuing 148,903,606 common shares. During the quarter ended June 30, 2016 the
debenture accrued $1,529 of accrued interest resulting in $3,058 of accrued interest and $61,177 in principal
outstanding at June 30, 2016.
On September 30, 2014 the Company issued a debenture for $210,000 for services in the same amount on the same
rendered from January 1, 2012 through December 31, 2013. The debenture accrues interest at 10% per annum and
will convert into the company’s common stock at 50% of the lowest closing bid price 12 months before the conversion
date. The Holder is restricted from any conversions that would result in the Holder owning over 9.9% of the
outstanding common shares of the Company after the conversion. During the quarter ended March 31, 2016 the
debenture accrued $5,250 of interest. During the quarter ended June 30, 2016 the Company accrued $5,250 of
interest resulting in the debenture having $210,000 in principal and $36,750 in accrued interest outstanding at June
30, 2016.
On October 30, 2014 the Company issued a debenture for $300,000 for three cash advances during October 2014.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
During the quarter ended March 31, 2016 the debenture accrued interest of $6,750 and the Company paid $30,000 in
principal and $25,000 in accrued interest by issuing 100,000,000 common shares. During the quarter ended June 30,
2016 the Company accrued $6,750 of interest resulting in $13,500 of accrued interest and $270,000 in principal
outstanding at June 30, 2016.
On November 25, 2014 the Company issued a debenture for $170,000 for two cash advances during November 2014.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
During the quarter ended March 31, 2016 the debenture accrued $4,250 of interest. During the quarter ended June
30, 2016 the debenture accrued $4,250 of interest resulting in the debenture having $170,000 in principal and $25,500
in accrued interest outstanding at June 30, 2016.
On December 1, 2014 the Company issued a debenture for $125,000 for two cash advances during the quarter ended
December 31, 2014. The debenture accrues interest at 10% per annum and will convert into the company’s common
stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since its inception the debenture accrued $3,125 of interest during each quarter. During the quarter
ended March 31, 2016 the debenture accrued $3,125 of interest. During the quarter ended June 30, 2016 the
debenture accrued $3,125 of interest resulting in the debenture having $125,000 in principal and $18,750 in accrued
interest outstanding at June 30, 2016.
On December 19, 2014 the Company issued a debenture for $275,000 for five cash advances during the December
2014. The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of
the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
During the quarter ended March 31, 2016 the debenture accrued $6,875 of interest. During the quarter ended June
30, 2016 the debenture accrued $6,875 resulting in the debenture having $275,000 in principal and $41,250 in
accrued interest outstanding at June 30, 2016.
On January 9, 2015 the Company issued a debenture for $100,000 for a cash advance. The debenture accrues
interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 12
months before the conversion date. The Holder is restricted from any conversions that would result in the Holder
owning over 9.9% of the outstanding common shares of the Company after the conversion. At December 31, 2015,
the Debenture had $100,000 of principal and $9,167 of accrued interest outstanding. During the quarter ended March
31, 2016 the debenture accrued $2,500 of interest. During the quarter June 30, 2016 the debenture accrued $2,500 of
interest resulting in the debenture having $100,000 in principal and $14,167 in accrued interest outstanding at June
30, 2016.
On January 30, 2015 the Company issued a debenture for $175,000 for three cash advances during the January
2015. The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of
the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
During the quarter ended March 31, 2016 the debenture accrued $4,375 of interest. During the quarter ended June
30, 2016 the debenture accrued $4,375 of interest resulting in the debenture having $175,000 in principal and $24,791
in accrued interest outstanding at June 30, 2016.
On February 24, 2015 the Company issued a debenture for $155,000 for two cash advances during February 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture accrued $3,875 of interest during each quarter. During the quarter ended March 31,
2016 the debenture accrued $3,875 of interest. During the quarter ended June 30, 2016 the Company reduced its
outstanding principal $38,208 and accrued interest by $16,792 having issued 100,000,000 common shares. During
the same quarter the debenture accrued $2,920 in interest resulting in the debenture having $116,792 in principal and
$2,920 in accrued interest outstanding at June 30, 2016.
On March 31, 2015 the Company issued a debenture for $353,000 for four cash advances during March 2015. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since
its inception the debenture accrued $8,825 of interest during each quarter. During the quarter ended March 31, 2016
the debenture accrued $8,825 of interest resulting in the debenture having $353,000 in principal and $35,300 in
accrued interest outstanding at March 31, 2016. On April 26, 2016, the debenture was sold to a different Holder and
the Company agreed to change the terms of the debenture to a restated principal balance of $398,450 that includes a
discounted interest rate and a due date of January 27, 2017. During the quarter ended June 30 2016 the Company
reduced the outstanding principal balance to $222,450 by issuing 400,000,000 common shares.
On May 1, 2015 the Company issued a debenture for $105,000 for two cash advances during April 2015. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During
the quarter ended March 31, 2016 the debenture accrued $2,625 of interest. During the quarter ended June 30, 2016
the debenture accrued $2,625 in interest resulting in the debenture having $105,000 in principal and $12,250 in
accrued interest outstanding at June 30, 2016.
On May 1, 2015 the Company issued a debenture for $25,000 for a cash advance. The debenture accrues interest at
10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 12 months
before the conversion date. The Holder is restricted from any conversions that would result in the Holder owning over
9.9% of the outstanding common shares of the Company after the conversion. Since its inception the debenture
accrued $625 of interest during each quarter. During the quarter ended March 31, 2016 the debenture accrued $625
of interest. During the quarter ended June 30, 2015 the debenture accrued $625 in interest resulting in the debenture
having $25,000 in principal and $2,917 in accrued interest outstanding at June 30, 2016.
On June 3, 2015 the Company issued a debenture for $180,000 for three cash advances. The debenture accrues
interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 12
months before the conversion date. The Holder is restricted from any conversions that would result in the Holder
owning over 9.9% of the outstanding common shares of the Company after the conversion. During the quarter ended
March 31, 2016 the debenture accrued $4,500 of interest. During the quarter ended June 30, 2016 the debenture
accrued $4,500 in interest resulting in the debenture having $180,000 in principal and $18,000 in accrued interest
outstanding at June 30, 2016.
On June 30, 2015 the Company issued a debenture for $200,000 for three cash advances. The debenture accrues
interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 12
months before the conversion date. The Holder is restricted from any conversions that would result in the Holder
owning over 9.9% of the outstanding common shares of the Company after the conversion. During the quarter ended
March 31, 2016 the debenture accrued $5,000 of interest. During the quarter ended June 30, 2016 the debenture
accrued $5,000 in interest resulting in the debenture having resulting in the debenture having $200,000 in principal
and $20,000 in accrued interest outstanding at June 30, 2016.
On June 26, 2015 the Company issued a debenture for $165,000 for a $150,000 cash advance. The debenture will
convert into the company’s common stock at 50% of the lowest closing bid price 12 months before the conversion
date but can’t convert below $.000825 per common share. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion and is
due June 25, 2016. At June 30, 2016, the Debenture had $161,250 of principal outstanding that includes imputed
interest.
On June 30, 2015 the Company issued a debenture for $240,000 for services rendered from July 1, 2014 through
June 30, 2015. The debenture accrues interest at 10% per annum and will convert into the company’s common stock
at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since its inception the debenture will accrue $6,000 of interest during each quarter. During the quarter
ended March 31, 2016 the debenture accrued $6,000 of interest. During the quarter ended June 30, 2016 the
debenture accrued $6,000 in interest resulting in the debenture having $240,000 in principal and $24,000 in accrued
interest outstanding at June 30, 2016.
On June 30, 2015 the Company issued a debenture for $226,966 for expenses paid on behalf of the Company from
April 1, 2014 through June 30, 2014. The debenture accrues interest at 10% per annum and will convert into the
company’s common stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is
restricted from any conversions that would result in the Holder owning over 9.9% of the outstanding common shares of
the Company after the conversion. During the quarter ended March 31, 2016 the debenture accrued $5,674 of
interest. During the quarter ended June 30, 2016 the debenture accrued $5,674 in interest resulting in the debenture
having $226,966 in principal and $22,696 in accrued interest outstanding at June 30, 2016.
On June 30, 2015 the Company issued a debenture for $120,000 for services rendered from January 1, 2014 through
December 31, 2014. The debenture accrues interest at 10% per annum and will convert into the company’s common
stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since its inception the debenture will accrue $3,000 of interest during each quarter. During the quarter
ended March 31, 2016 the debenture accrued $3,000 of interest. During the quarter ended June 30, 2016 the
debenture accrued $3,000 in interest resulting in the debenture having $120,000 in principal and $12,000 in accrued
interest outstanding at June 30, 2016.
On July 31, 2015 the Company issued a debenture for $85,000 for cash advances during July 2015. The debenture
accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid
price 12 months before the conversion date. The Holder is restricted from any conversions that would result in the
Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since its inception
the debenture will accrue $2,125 of interest during each quarter. During the quarter ended March 31, 2016 the
debenture accrued $2,125 of interest. During the quarter ended June 30, 2016 the debenture accrued $2,125 in
interest resulting in the debenture having $85,000 in principal and $6,375 in accrued interest outstanding at June 30,
2016.
On August 31, 2015 the Company issued a debenture for $90,000 for cash advances during August 2015. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since
its inception the debenture will accrue $2,250 of interest during each quarter. During the quarter ended March 31,
2016 the debenture accrued $2,250 of interest. During the quarter ended June 30, 2016 the debenture accrued
$2,250 in interest resulting in the debenture having $90,000 in principal and $6,750 in accrued interest outstanding at
June 30, 2016.
On August 31, 2015 the Company issued a debenture for $20,000 for cash advances during August 2015. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since
its inception the debenture will accrue $500 of interest during each quarter. During the quarter ended March 31, 2016
the debenture accrued $500 of interest. During the quarter ended June 30, 2016 the debenture accrued $500 in
interest resulting in the debenture having $20,000 in principal and $1,500 in accrued interest outstanding at June 30,
2016.
On September 13, 2015 the Company issued a debenture for $20,000 for cash advances during September 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $500 of interest during each quarter. During the quarter ended March 31,
2016 the debenture accrued $500 of interest. During the quarter ended June 30, 2016 the debenture accrued $500 in
interest resulting in the debenture having $20,000 in principal and $1,500 in accrued interest outstanding at June 30,
2016.
On September 29, 2015 the Company issued a debenture for $60,000 for cash advances during September 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $1,500 of interest during each quarter. During the quarter ended March
31, 2016 the debenture accrued $1,500 of interest. During the quarter ended June 30, 2016 the debenture accrued
$1,500 in interest resulting in the debenture having $60,000 in principal and $4,500 in accrued interest outstanding at
June 30, 2016.
On September 30, 2015 the Company issued a debenture for $85,000 for cash advances during September 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $2,125 of interest during each quarter. During the quarter ended June 30,
2016 the debenture accrued $2,125 in interest resulting in the debenture having $85,000 in principal and $8,500 in
accrued interest outstanding at June 30, 2016.
On October 31, 2015 the Company issued two debentures for $83,000 totaling 166,000 for five cash advances during
October 2015. Each debenture accrues interest at 10% per annum and will convert into the company’s common stock
at 50% of the lowest closing bid price 12 months before the conversion date. The Holders are restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since their inception the debentures will accrue a total of $4,150 of interest during each quarter.
During the quarter ended March 31, 2016 the debentures accrued $4,150 of interest. During the quarter ended June
30, 2016 each debenture accrued $2,767 in interest resulting in the debentures having $166,000 in principal and
$11,066 in accrued interest outstanding at June 30, 2016.
On November 30, 2015 the Company issued a debenture for $60,000 for two cash advances during November 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $1,500 of interest during each quarter. During the quarter ended March
31, 2016. During the quarter ended June 30, 2016 the debenture accrued $500 in interest resulting in the debenture
having $60,000 in principal and $1,500 in accrued interest outstanding at June 30, 2016.
On November 30, 2015 the Company issued a debenture for $72,500 for two cash advances during November 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $1,812 of interest during each quarter. During the quarter ended March
31, 2016 the debenture accrued $1,813 of interest. During the quarter ended June 30, 2016 the debenture accrued
$1,813 in interest resulting in the debenture having $72,500 in principal and $4,230 in accrued interest outstanding at
June 30, 2016.
On December 31, 2015 the Company issued a debenture for $115,000 for four cash advances during December
2015. The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of
the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $2,875 of interest during each quarter. During the quarter ended March
31, 2016 the debenture accrued $2,875 of interest. During the quarter ended June 30, 2016 the debenture accrued
$2,875 in interest resulting in the debenture having $115,000 in principal and $5,750 in accrued interest outstanding at
June 30, 2016.
On December 31, 2015 the Company issued a debenture for $40,000 for three cash advances during December
2015. The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of
the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $1,000 of interest during each quarter. During the quarter ended March
31, 2016 the debenture accrued $1,000 of interest. During the quarter ended June 30, 2016 the debenture accrued
$1,000 in interest resulting in the debenture having $40,000 in principal and $2,000 in accrued interest outstanding at
June 30, 2016.
On January 31, 2016 the Company issued a debenture for $107,500 for cash advances during January 2016. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During
the quarter ended March 31, 2016 the debenture accrued $150 of interest. During the quarter ended June 30, 2016
the debenture accrued $2,250 in interest resulting in the debenture having $90,000 in principal and $2,400 in accrued
interest outstanding at June 30, 2016.
On January 31, 2016 the Company issued a debenture for $32,500 for cash advances during January 2016. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During
the quarter ended March 31, 2016 the debenture accrued $542 of interest. During the quarter ended June 30, 2016
the debenture accrued $812 in interest resulting in the debenture having $32,500 in principal and $1,354 in accrued
interest outstanding at June 30, 2016.
On February 28, 2016 the Company issued a debenture for $122,000 for cash advances during February 2016. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During
the quarter ended March 31, 2016 the debenture accrued $1,016 of interest. During the quarter ended June 30, 2016
the debenture accrued $3,050 in interest resulting in the debenture having $122,000 in principal and $4,066 in
accrued interest outstanding at June 30, 2016.
On February 28, 2016 the Company issued a debenture for $112,000 for cash advances during February 2016. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During
the quarter ended March 31, 2016 the debenture accrued $933 of interest. During the quarter ended June 30, 2016
the debenture accrued $2,800 in interest resulting in the debenture having $112,000 in principal and $3,733 in
accrued interest outstanding at June 30, 2016.
On March 31, 2016 the Company issued a debenture for $232,398 for cash advances during March 2016. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During
the quarter ended March 31, 2016 the debenture accrued no interest. During the quarter ended June 30, 2016 the
debenture accrued $5,810 in interest resulting in the debenture having $232,398 in principal and $5,810 accrued
interest outstanding at June 30, 2016.
On March 31, 2016 the Company issued a debenture for $40,500 for cash advances during March 2016. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During
the quarter ended March 31, 2016 the debenture accrued no interest. During the quarter ended June 30, 2016 the
debenture accrued $1,012 in interest resulting in the debenture having $40,500 in principal and $1,012 accrued
interest outstanding at June 30, 2016.
On April 30, 2016 the Company issued a debenture for $56,000 for cash advances during April 2016. The debenture
accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid
price 12 months before the conversion date. The Holder is restricted from any conversions that would result in the
Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During the quarter
ended June 30, 2016 the debenture accrued $933 in interest resulting in the debenture having $56,000 in principal
and $933 in accrued interest outstanding at June 30, 2016.
On April 30, 2016 the Company issued a debenture for $56,000 for cash advances during April 2016. The debenture
accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid
price 12 months before the conversion date. The Holder is restricted from any conversions that would result in the
Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During the quarter
ended June 30, 2016 the debenture accrued $933 in interest resulting in the debenture having $56,000 in principal
and $933 in accrued interest outstanding at June 30, 2016.
On May 31, 2016 the Company issued a debenture for $107,500 for cash advances during May 2016. The debenture
accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid
price 12 months before the conversion date. The Holder is restricted from any conversions that would result in the
Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During the quarter
ended June 30, 2016 the debenture accrued $895 in interest resulting in the debenture having $107,500 in principal
and $895 in accrued interest outstanding at June 30, 2016.
On May 31, 2016 the Company issued a debenture for $107,500 for cash advances during May 2016. The debenture
accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid
price 12 months before the conversion date. The Holder is restricted from any conversions that would result in the
Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During the quarter
ended June 30, 2016 the debenture accrued $895 in interest resulting in the debenture having $107,500 in principal
and $895 in accrued interest outstanding at June 30, 2016.
On June 30, 2016 the Company issued a debenture for $101,500 for cash advances during June 2016. The debenture
accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid
price 12 months before the conversion date. The Holder is restricted from any conversions that would result in the
Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During the quarter
ended June 30, 2016 the debenture accrued no interest resulting in the debenture having $101,500 in principal and no
accrued interest outstanding at June 30, 2016.
On June 30, 2016 the Company issued a debenture for $47,000 for cash advances during June 2016. The debenture
accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid
price 12 months before the conversion date. The Holder is restricted from any conversions that would result in the
Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During the quarter
ended June 30, 2016 the debenture accrued no interest resulting in the debenture having $47,000 in principal and no
accrued interest outstanding at June 30, 2016.
Hold till they pull their 3rd reverse split on their 8.4 Billion O/S?!?! That's a terrible idea...
http://www.otcmarkets.com/financialReportViewer?symbol=ERBB&id=160840
AG HAS 8.4 BILLION SHARES OUTSTANDING!
http://www.otcmarkets.com/financialReportViewer?symbol=ERBB&id=160840
AG debenture holders getting shares for .00024 and selling them to you for .0013 all day, they would like to thank you for buying their worthless shares... Only another 30 Billion already issued to dump on you.. They would like to encourage you to keep buying what they are selling. BS.
http://www.otcmarkets.com/financialReportViewer?symbol=ERBB&id=160795
Outstanding Debentures
On December 31, 2010, the Company issued a debenture payable for $162,706 for cash advances during the 2010
calendar year. The debenture accrues interest at 10% per annum and can convert into the company’s common stock
at 50% of the lowest closing bid price 360 trading days before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. During the quarter ended September 30, 2012, the Company issued 6,666,667 common shares
valued at $6,667 reducing the principal by $1,092 and accrued interest $5,575. At September 30, 2012, the Company
owed the Holder $4,324 in principal and $7,816 in accrued interest. During the quarter ended June 30, 2013, the
Holder converted $590 of principal and $2,848 of accrued interest for 6,250,000 common shares of the Company.
During the quarter ended December 31, 2013 the debenture accrued $108 in accrued interest resulting in the
Company owing $4,324 in principal and $8,462 in accrued interest at December 31, 2013. The Company paid off the
debenture during the quarter ended March 31, 2014 by issuing 7,861,818 common shares for $4,324 of principal and
15,385,455 common shares for $8,462 of accrued interest through the end of the same quarter. On January 29, 2015,
28,800,000 common shares were returned to the Company that had been originally issued from a conversion of this
debenture on April 27, 2012. The amount of the debenture was increased by $28,800 representing the amount of the
reduction of the debenture at the time of its conversion on April 27, 2012. No gain or loss was recognized by the
Company in the transaction. During the quarter ended March 31, 2016 the debenture accrued $720 of interest. During
the quarter ended June 30, 2016 the debenture accrued $720 of interest resulting in the debenture having $28,800 in
principal and $3,600 in accrued interest outstanding at June 30, 2016.
On April 24, 2014 the Company issued a debenture for $500,000 for cash in the same amount on the same date. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Interest expense during the quarter ended September 30, 2014 was $12,500. Since July 1, 2014 the Debenture has
accrued $15,500 of interest during each quarter. During the quarter ended June 30, 2015 the debenture accrued
$20,833 in interest. Also, the Holder converted $30,000 of accumulated accrued interest into 9,677,419 common
shares. During the quarter ended September 30, 2015, the Holder converted $110,000 of principal for 99,490,662
common shares and $28,333 of accrued interest for 18,279,355 common shares. During the quarter ended March 31,
2016 the debenture accrued $9,750 of interest. During the quarter ended June 30, 2016 the Company reduced its
outstanding principal and accrued interest by $156,250 by issuing 289,090,909 common shares resulting in the
debenture having $270,788 in principal and $2,256 in accrued interest outstanding at June 30, 2016.
Also on April 24, 2014 the Company issued a debenture for $310,000 for cash advanced to Company from April 3,
2014 to April 23, 2014. The debenture accrues interest at 10% per annum and will convert into the company’s
common stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted
from any conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the
Company after the conversion. During the quarter ended December 31, 2015 the Company effected two conversions
totaling $182,083 comprised of $138,166 in principal and $43,917 in accrued interest. During the quarter ended March
31, 2016 the debenture accrued interest of $2,305 and the Company paid $79,636 in principal and $2,864 in accrued
interest by issuing 150,000,000 common shares. During the quarter ended June 30, 2016 the Company reduced its
outstanding principal and accrued interest by $27,500 by issuing 50,000,000 common shares resulting in the
debenture having $67,003 in principal and $1,675 in accrued interest outstanding at June 30, 2016.
On September 30, 2014 the Company issued a debenture for $550,000 for cash advances during the quarter. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since
its inception the Debenture has been accruing interest at $13,750 each quarter. During the quarter ended March 31,
2016 the debenture accrued interest of $12,500 and the Company paid $50,000 in principal and $68,750 in accrued
interest by issuing 215,909,091 common shares. During the quarter ended June 30, 2016 the debenture accrued
$12,500 of interest resulting in $25,000 of accrued interest and $500,000 in principal outstanding at June 30, 2016.
On September 30, 2014 the Company issued a debenture for $127,177 for expenses paid on behalf of the Company
during the quarter. The debenture accrues interest at 10% per annum and will convert into the company’s common
stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since its inception the Debenture has been accruing interest at $3,179 each quarter. During the
quarter ended March 31, 2016 the debenture accrued interest of $1,529 and the Company paid $66,000 in principal
and $15,897 in accrued interest by issuing 148,903,606 common shares. During the quarter ended June 30, 2016 the
debenture accrued $1,529 of accrued interest resulting in $3,058 of accrued interest and $61,177 in principal
outstanding at June 30, 2016.
On September 30, 2014 the Company issued a debenture for $210,000 for services in the same amount on the same
rendered from January 1, 2012 through December 31, 2013. The debenture accrues interest at 10% per annum and
will convert into the company’s common stock at 50% of the lowest closing bid price 12 months before the conversion
date. The Holder is restricted from any conversions that would result in the Holder owning over 9.9% of the
outstanding common shares of the Company after the conversion. During the quarter ended March 31, 2016 the
debenture accrued $5,250 of interest. During the quarter ended June 30, 2016 the Company accrued $5,250 of
interest resulting in the debenture having $210,000 in principal and $36,750 in accrued interest outstanding at June
30, 2016.
On October 30, 2014 the Company issued a debenture for $300,000 for three cash advances during October 2014.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
During the quarter ended March 31, 2016 the debenture accrued interest of $6,750 and the Company paid $30,000 in
principal and $25,000 in accrued interest by issuing 100,000,000 common shares. During the quarter ended June 30,
2016 the Company accrued $6,750 of interest resulting in $13,500 of accrued interest and $270,000 in principal
outstanding at June 30, 2016.
On November 25, 2014 the Company issued a debenture for $170,000 for two cash advances during November 2014.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
During the quarter ended March 31, 2016 the debenture accrued $4,250 of interest. During the quarter ended June
30, 2016 the debenture accrued $4,250 of interest resulting in the debenture having $170,000 in principal and $25,500
in accrued interest outstanding at June 30, 2016.
On December 1, 2014 the Company issued a debenture for $125,000 for two cash advances during the quarter ended
December 31, 2014. The debenture accrues interest at 10% per annum and will convert into the company’s common
stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since its inception the debenture accrued $3,125 of interest during each quarter. During the quarter
ended March 31, 2016 the debenture accrued $3,125 of interest. During the quarter ended June 30, 2016 the
debenture accrued $3,125 of interest resulting in the debenture having $125,000 in principal and $18,750 in accrued
interest outstanding at June 30, 2016.
On December 19, 2014 the Company issued a debenture for $275,000 for five cash advances during the December
2014. The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of
the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
During the quarter ended March 31, 2016 the debenture accrued $6,875 of interest. During the quarter ended June
30, 2016 the debenture accrued $6,875 resulting in the debenture having $275,000 in principal and $41,250 in
accrued interest outstanding at June 30, 2016.
On January 9, 2015 the Company issued a debenture for $100,000 for a cash advance. The debenture accrues
interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 12
months before the conversion date. The Holder is restricted from any conversions that would result in the Holder
owning over 9.9% of the outstanding common shares of the Company after the conversion. At December 31, 2015,
the Debenture had $100,000 of principal and $9,167 of accrued interest outstanding. During the quarter ended March
31, 2016 the debenture accrued $2,500 of interest. During the quarter June 30, 2016 the debenture accrued $2,500 of
interest resulting in the debenture having $100,000 in principal and $14,167 in accrued interest outstanding at June
30, 2016.
On January 30, 2015 the Company issued a debenture for $175,000 for three cash advances during the January
2015. The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of
the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
During the quarter ended March 31, 2016 the debenture accrued $4,375 of interest. During the quarter ended June
30, 2016 the debenture accrued $4,375 of interest resulting in the debenture having $175,000 in principal and $24,791
in accrued interest outstanding at June 30, 2016.
On February 24, 2015 the Company issued a debenture for $155,000 for two cash advances during February 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture accrued $3,875 of interest during each quarter. During the quarter ended March 31,
2016 the debenture accrued $3,875 of interest. During the quarter ended June 30, 2016 the Company reduced its
outstanding principal $38,208 and accrued interest by $16,792 having issued 100,000,000 common shares. During
the same quarter the debenture accrued $2,920 in interest resulting in the debenture having $116,792 in principal and
$2,920 in accrued interest outstanding at June 30, 2016.
On March 31, 2015 the Company issued a debenture for $353,000 for four cash advances during March 2015. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since
its inception the debenture accrued $8,825 of interest during each quarter. During the quarter ended March 31, 2016
the debenture accrued $8,825 of interest resulting in the debenture having $353,000 in principal and $35,300 in
accrued interest outstanding at March 31, 2016. On April 26, 2016, the debenture was sold to a different Holder and
the Company agreed to change the terms of the debenture to a restated principal balance of $398,450 that includes a
discounted interest rate and a due date of January 27, 2017. During the quarter ended June 30 2016 the Company
reduced the outstanding principal balance to $222,450 by issuing 400,000,000 common shares.
On May 1, 2015 the Company issued a debenture for $105,000 for two cash advances during April 2015. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During
the quarter ended March 31, 2016 the debenture accrued $2,625 of interest. During the quarter ended June 30, 2016
the debenture accrued $2,625 in interest resulting in the debenture having $105,000 in principal and $12,250 in
accrued interest outstanding at June 30, 2016.
On May 1, 2015 the Company issued a debenture for $25,000 for a cash advance. The debenture accrues interest at
10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 12 months
before the conversion date. The Holder is restricted from any conversions that would result in the Holder owning over
9.9% of the outstanding common shares of the Company after the conversion. Since its inception the debenture
accrued $625 of interest during each quarter. During the quarter ended March 31, 2016 the debenture accrued $625
of interest. During the quarter ended June 30, 2015 the debenture accrued $625 in interest resulting in the debenture
having $25,000 in principal and $2,917 in accrued interest outstanding at June 30, 2016.
On June 3, 2015 the Company issued a debenture for $180,000 for three cash advances. The debenture accrues
interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 12
months before the conversion date. The Holder is restricted from any conversions that would result in the Holder
owning over 9.9% of the outstanding common shares of the Company after the conversion. During the quarter ended
March 31, 2016 the debenture accrued $4,500 of interest. During the quarter ended June 30, 2016 the debenture
accrued $4,500 in interest resulting in the debenture having $180,000 in principal and $18,000 in accrued interest
outstanding at June 30, 2016.
On June 30, 2015 the Company issued a debenture for $200,000 for three cash advances. The debenture accrues
interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 12
months before the conversion date. The Holder is restricted from any conversions that would result in the Holder
owning over 9.9% of the outstanding common shares of the Company after the conversion. During the quarter ended
March 31, 2016 the debenture accrued $5,000 of interest. During the quarter ended June 30, 2016 the debenture
accrued $5,000 in interest resulting in the debenture having resulting in the debenture having $200,000 in principal
and $20,000 in accrued interest outstanding at June 30, 2016.
On June 26, 2015 the Company issued a debenture for $165,000 for a $150,000 cash advance. The debenture will
convert into the company’s common stock at 50% of the lowest closing bid price 12 months before the conversion
date but can’t convert below $.000825 per common share. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion and is
due June 25, 2016. At June 30, 2016, the Debenture had $161,250 of principal outstanding that includes imputed
interest.
On June 30, 2015 the Company issued a debenture for $240,000 for services rendered from July 1, 2014 through
June 30, 2015. The debenture accrues interest at 10% per annum and will convert into the company’s common stock
at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since its inception the debenture will accrue $6,000 of interest during each quarter. During the quarter
ended March 31, 2016 the debenture accrued $6,000 of interest. During the quarter ended June 30, 2016 the
debenture accrued $6,000 in interest resulting in the debenture having $240,000 in principal and $24,000 in accrued
interest outstanding at June 30, 2016.
On June 30, 2015 the Company issued a debenture for $226,966 for expenses paid on behalf of the Company from
April 1, 2014 through June 30, 2014. The debenture accrues interest at 10% per annum and will convert into the
company’s common stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is
restricted from any conversions that would result in the Holder owning over 9.9% of the outstanding common shares of
the Company after the conversion. During the quarter ended March 31, 2016 the debenture accrued $5,674 of
interest. During the quarter ended June 30, 2016 the debenture accrued $5,674 in interest resulting in the debenture
having $226,966 in principal and $22,696 in accrued interest outstanding at June 30, 2016.
On June 30, 2015 the Company issued a debenture for $120,000 for services rendered from January 1, 2014 through
December 31, 2014. The debenture accrues interest at 10% per annum and will convert into the company’s common
stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since its inception the debenture will accrue $3,000 of interest during each quarter. During the quarter
ended March 31, 2016 the debenture accrued $3,000 of interest. During the quarter ended June 30, 2016 the
debenture accrued $3,000 in interest resulting in the debenture having $120,000 in principal and $12,000 in accrued
interest outstanding at June 30, 2016.
On July 31, 2015 the Company issued a debenture for $85,000 for cash advances during July 2015. The debenture
accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid
price 12 months before the conversion date. The Holder is restricted from any conversions that would result in the
Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since its inception
the debenture will accrue $2,125 of interest during each quarter. During the quarter ended March 31, 2016 the
debenture accrued $2,125 of interest. During the quarter ended June 30, 2016 the debenture accrued $2,125 in
interest resulting in the debenture having $85,000 in principal and $6,375 in accrued interest outstanding at June 30,
2016.
On August 31, 2015 the Company issued a debenture for $90,000 for cash advances during August 2015. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since
its inception the debenture will accrue $2,250 of interest during each quarter. During the quarter ended March 31,
2016 the debenture accrued $2,250 of interest. During the quarter ended June 30, 2016 the debenture accrued
$2,250 in interest resulting in the debenture having $90,000 in principal and $6,750 in accrued interest outstanding at
June 30, 2016.
On August 31, 2015 the Company issued a debenture for $20,000 for cash advances during August 2015. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since
its inception the debenture will accrue $500 of interest during each quarter. During the quarter ended March 31, 2016
the debenture accrued $500 of interest. During the quarter ended June 30, 2016 the debenture accrued $500 in
interest resulting in the debenture having $20,000 in principal and $1,500 in accrued interest outstanding at June 30,
2016.
On September 13, 2015 the Company issued a debenture for $20,000 for cash advances during September 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $500 of interest during each quarter. During the quarter ended March 31,
2016 the debenture accrued $500 of interest. During the quarter ended June 30, 2016 the debenture accrued $500 in
interest resulting in the debenture having $20,000 in principal and $1,500 in accrued interest outstanding at June 30,
2016.
On September 29, 2015 the Company issued a debenture for $60,000 for cash advances during September 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $1,500 of interest during each quarter. During the quarter ended March
31, 2016 the debenture accrued $1,500 of interest. During the quarter ended June 30, 2016 the debenture accrued
$1,500 in interest resulting in the debenture having $60,000 in principal and $4,500 in accrued interest outstanding at
June 30, 2016.
On September 30, 2015 the Company issued a debenture for $85,000 for cash advances during September 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $2,125 of interest during each quarter. During the quarter ended June 30,
2016 the debenture accrued $2,125 in interest resulting in the debenture having $85,000 in principal and $8,500 in
accrued interest outstanding at June 30, 2016.
On October 31, 2015 the Company issued two debentures for $83,000 totaling 166,000 for five cash advances during
October 2015. Each debenture accrues interest at 10% per annum and will convert into the company’s common stock
at 50% of the lowest closing bid price 12 months before the conversion date. The Holders are restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since their inception the debentures will accrue a total of $4,150 of interest during each quarter.
During the quarter ended March 31, 2016 the debentures accrued $4,150 of interest. During the quarter ended June
30, 2016 each debenture accrued $2,767 in interest resulting in the debentures having $166,000 in principal and
$11,066 in accrued interest outstanding at June 30, 2016.
On November 30, 2015 the Company issued a debenture for $60,000 for two cash advances during November 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $1,500 of interest during each quarter. During the quarter ended March
31, 2016. During the quarter ended June 30, 2016 the debenture accrued $500 in interest resulting in the debenture
having $60,000 in principal and $1,500 in accrued interest outstanding at June 30, 2016.
On November 30, 2015 the Company issued a debenture for $72,500 for two cash advances during November 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $1,812 of interest during each quarter. During the quarter ended March
31, 2016 the debenture accrued $1,813 of interest. During the quarter ended June 30, 2016 the debenture accrued
$1,813 in interest resulting in the debenture having $72,500 in principal and $4,230 in accrued interest outstanding at
June 30, 2016.
On December 31, 2015 the Company issued a debenture for $115,000 for four cash advances during December
2015. The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of
the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $2,875 of interest during each quarter. During the quarter ended March
31, 2016 the debenture accrued $2,875 of interest. During the quarter ended June 30, 2016 the debenture accrued
$2,875 in interest resulting in the debenture having $115,000 in principal and $5,750 in accrued interest outstanding at
June 30, 2016.
On December 31, 2015 the Company issued a debenture for $40,000 for three cash advances during December
2015. The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of
the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $1,000 of interest during each quarter. During the quarter ended March
31, 2016 the debenture accrued $1,000 of interest. During the quarter ended June 30, 2016 the debenture accrued
$1,000 in interest resulting in the debenture having $40,000 in principal and $2,000 in accrued interest outstanding at
June 30, 2016.
On January 31, 2016 the Company issued a debenture for $107,500 for cash advances during January 2016. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During
the quarter ended March 31, 2016 the debenture accrued $150 of interest. During the quarter ended June 30, 2016
the debenture accrued $2,250 in interest resulting in the debenture having $90,000 in principal and $2,400 in accrued
interest outstanding at June 30, 2016.
On January 31, 2016 the Company issued a debenture for $32,500 for cash advances during January 2016. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During
the quarter ended March 31, 2016 the debenture accrued $542 of interest. During the quarter ended June 30, 2016
the debenture accrued $812 in interest resulting in the debenture having $32,500 in principal and $1,354 in accrued
interest outstanding at June 30, 2016.
On February 28, 2016 the Company issued a debenture for $122,000 for cash advances during February 2016. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During
the quarter ended March 31, 2016 the debenture accrued $1,016 of interest. During the quarter ended June 30, 2016
the debenture accrued $3,050 in interest resulting in the debenture having $122,000 in principal and $4,066 in
accrued interest outstanding at June 30, 2016.
On February 28, 2016 the Company issued a debenture for $112,000 for cash advances during February 2016. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During
the quarter ended March 31, 2016 the debenture accrued $933 of interest. During the quarter ended June 30, 2016
the debenture accrued $2,800 in interest resulting in the debenture having $112,000 in principal and $3,733 in
accrued interest outstanding at June 30, 2016.
On March 31, 2016 the Company issued a debenture for $232,398 for cash advances during March 2016. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During
the quarter ended March 31, 2016 the debenture accrued no interest. During the quarter ended June 30, 2016 the
debenture accrued $5,810 in interest resulting in the debenture having $232,398 in principal and $5,810 accrued
interest outstanding at June 30, 2016.
On March 31, 2016 the Company issued a debenture for $40,500 for cash advances during March 2016. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During
the quarter ended March 31, 2016 the debenture accrued no interest. During the quarter ended June 30, 2016 the
debenture accrued $1,012 in interest resulting in the debenture having $40,500 in principal and $1,012 accrued
interest outstanding at June 30, 2016.
On April 30, 2016 the Company issued a debenture for $56,000 for cash advances during April 2016. The debenture
accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid
price 12 months before the conversion date. The Holder is restricted from any conversions that would result in the
Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During the quarter
ended June 30, 2016 the debenture accrued $933 in interest resulting in the debenture having $56,000 in principal
and $933 in accrued interest outstanding at June 30, 2016.
On April 30, 2016 the Company issued a debenture for $56,000 for cash advances during April 2016. The debenture
accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid
price 12 months before the conversion date. The Holder is restricted from any conversions that would result in the
Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During the quarter
ended June 30, 2016 the debenture accrued $933 in interest resulting in the debenture having $56,000 in principal
and $933 in accrued interest outstanding at June 30, 2016.
On May 31, 2016 the Company issued a debenture for $107,500 for cash advances during May 2016. The debenture
accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid
price 12 months before the conversion date. The Holder is restricted from any conversions that would result in the
Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During the quarter
ended June 30, 2016 the debenture accrued $895 in interest resulting in the debenture having $107,500 in principal
and $895 in accrued interest outstanding at June 30, 2016.
On May 31, 2016 the Company issued a debenture for $107,500 for cash advances during May 2016. The debenture
accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid
price 12 months before the conversion date. The Holder is restricted from any conversions that would result in the
Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During the quarter
ended June 30, 2016 the debenture accrued $895 in interest resulting in the debenture having $107,500 in principal
and $895 in accrued interest outstanding at June 30, 2016.
On June 30, 2016 the Company issued a debenture for $101,500 for cash advances during June 2016. The debenture
accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid
price 12 months before the conversion date. The Holder is restricted from any conversions that would result in the
Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During the quarter
ended June 30, 2016 the debenture accrued no interest resulting in the debenture having $101,500 in principal and no
accrued interest outstanding at June 30, 2016.
On June 30, 2016 the Company issued a debenture for $47,000 for cash advances during June 2016. The debenture
accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid
price 12 months before the conversion date. The Holder is restricted from any conversions that would result in the
Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During the quarter
ended June 30, 2016 the debenture accrued no interest resulting in the debenture having $47,000 in principal and no
accrued interest outstanding at June 30, 2016.
DD REPORT: SCAM WARNING
American Green is 18 years old.
American Green has changed names 8 times
American Green has had 2 Reverse Splits
American Green is 30 Million in Debt
ERBB has 8.4 Billion shares outstanding
American Green's T/A is gagged to hide the true share count
American Green has 5 thousand dollars in the bank
American Green has another 30 Billion shares already issued and in the process of being dumped! Issued for 50% off the lowest 52 week closing price, putting the share count around 39 Billion
http://www.otcmarkets.com/stock/ERBB/profile
http://www.otcmarkets.com/financialReportViewer?symbol=ERBB&id=150858
Outstanding Debentures
On December 31, 2010, the Company issued a debenture payable for $162,706 for cash advances during the 2010
calendar year. The debenture accrues interest at 10% per annum and can convert into the company’s common stock
at 50% of the lowest closing bid price 360 trading days before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. During the quarter ended September 30, 2012, the Company issued 6,666,667 common shares
valued at $6,667 reducing the principal by $1,092 and accrued interest $5,575. At September 30, 2012, the Company
owed the Holder $4,324 in principal and $7,816 in accrued interest. During the quarter ended June 30, 2013, the
Holder converted $590 of principal and $2,848 of accrued interest for 6,250,000 common shares of the Company.
During the quarter ended December 31, 2013 the debenture accrued $108 in accrued interest resulting in the
Company owing $4,324 in principal and $8,462 in accrued interest at December 31, 2013. The Company paid off the
debenture during the quarter ended March 31, 2014 by issuing 7,861,818 common shares for $4,324 of principal and
15,385,455 common shares for $8,462 of accrued interest through the end of the same quarter. On January 29, 2015,
28,800,000 common shares were returned to the Company that had been originally issued from a conversion of this
debenture on April 27, 2012. The amount of the debenture was increased by $28,800 representing the amount of the
reduction of the debenture at the time of its conversion on April 27, 2012. No gain or loss was recognized by the
Company in the transaction. During the quarter ended December 31, 2015 the debenture accrued $720 of interest. At
December 31, 2015 the debenture had $28,800 in principal and $2,160 in accrued interest outstanding.
On April 24, 2014 the Company issued a debenture for $500,000 for cash in the same amount on the same date. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Interest expense during the quarter ended September 30, 2014 was $12,500. Since July 1, 2014 the Debenture has
accrued $15,500 of interest during each quarter. During the quarter ended June 30, 2015 the debenture accrued
$20,833 in interest. Also, the Holder converted $30,000 of accumulated accrued interest into 9,677,419 common
shares. During the quarter ended September 30, 2015, the Holder converted $110,000 of principal for 99,490,662
common shares and $28,333 of accrued interest for 18,279,355 common shares. At December 31, 2015 the
debenture had $390,000 in principal and $21,000 in accrued interest outstanding.
Also on April 24, 2014 the Company issued a debenture for $310,000 for cash advanced to Company from April 3,
2014 to April 23, 2014. The debenture accrues interest at 10% per annum and will convert into the company’s
common stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted
from any conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the
Company after the conversion. During the quarter ended December 31, 2015 the Company effected two conversions
totaling $182,083 comprised of $138,166 in principal and $43,917 in accrued interest. At December 31, 2015, the
debenture had $171,834 of principal and $2,864 of accrued interest outstanding.
On August 16, 2014 the Company issued a debenture for $100,000 for cash in the same amount on the same date.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the Debenture has been accruing interest at $2,500 each quarter. At December 31, 2015, the
debenture had $100,000 of principal and $12,500 of accrued interest outstanding.
On September 30, 2014 the Company issued a debenture for $550,000 for cash advances during the quarter. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since
its inception the Debenture has been accruing interest at $13,750 each quarter. At December 31, 2015, the debenture
had $550,000 of principal and $68,750 of accrued interest outstanding.
On September 30, 2014 the Company issued a debenture for $127,177 for expenses paid on behalf of the Company
during the quarter. The debenture accrues interest at 10% per annum and will convert into the company’s common
stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since its inception the Debenture has been accruing interest at $3,179 each quarter. At December
31, 2015, the debenture had $127,177 of principal and $15,897 of accrued interest outstanding.
On September 30, 2014 the Company issued a debenture for $210,000 for services in the same amount on the same
rendered from January 1, 2012 through December 31, 2013. The debenture accrues interest at 10% per annum and
will convert into the company’s common stock at 50% of the lowest closing bid price 12 months before the conversion
date. The Holder is restricted from any conversions that would result in the Holder owning over 9.9% of the
outstanding common shares of the Company after the conversion. At December 31, 2015, the Debenture had
$210,000 of principal and $26,250 of accrued interest outstanding.
On October 30, 2014 the Company issued a debenture for $300,000 for three cash advances during October 2014.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
At December 31, 2015, the Debenture had $300,000 of principal and $25,000 of accrued interest outstanding.
On November 25, 2014 the Company issued a debenture for $170,000 for two cash advances during November 2014.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
At December 31, 2015, the Debenture had $170,000 of principal and $17,000 of accrued interest outstanding.
On December 1, 2014 the Company issued a debenture for $125,000 for two cash advances during the quarter ended
December 31, 2014. The debenture accrues interest at 10% per annum and will convert into the company’s common
stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since its inception the debenture accrued $3,125 of interest during each quarter. At December 31,
2015, the Debenture had $125,000 of principal and $12,500 of accrued interest outstanding.
On December 19, 2014 the Company issued a debenture for $275,000 for five cash advances during the December
2014. The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of
the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
At December 31, 2015, the Debenture had $275,000 of principal and $27,500 of accrued interest outstanding.
On January 9, 2015 the Company issued a debenture for $100,000 for a cash advance. The debenture accrues
interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 12
months before the conversion date. The Holder is restricted from any conversions that would result in the Holder
owning over 9.9% of the outstanding common shares of the Company after the conversion. At December 31, 2015,
the Debenture had $100,000 of principal and $9,167 of accrued interest outstanding.
On January 30, 2015 the Company issued a debenture for $175,000 for three cash advances during the January
2015. The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of
the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
At December 31, 2015, the Debenture had $175,000 of principal and $16,041 of accrued interest outstanding.
On February 2, 2015 the Company issued a debenture for $20,000 for a cash advance. The debenture accrues
interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 12
months before the conversion date. The Holder is restricted from any conversions that would result in the Holder
owning over 9.9% of the outstanding common shares of the Company after the conversion. Since its inception the
debenture accrued $500 of interest during each quarter. At December 31, 2015, the Debenture had $20,000 of
principal and $1,833 of accrued interest outstanding.
On February 24, 2015 the Company issued a debenture for $155,000 for two cash advances during February 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture accrued $3,875 of interest during each quarter. At December 31, 2015, the
Debenture had $155,000 of principal and $12,917 of accrued interest outstanding.
On March 31, 2015 the Company issued a debenture for $353,000 for four cash advances during March 2015. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since
its inception the debenture accrued $8,825 of interest during each quarter. At December 31, 2015, the Debenture had
$353,000 of principal and $26,475 of accrued interest outstanding.
On May 1, 2015 the Company issued a debenture for $105,000 for two cash advances during April 2015. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. At
December 31, 2015, the Debenture had $105,000 of principal and $7,000 of accrued interest outstanding.
On May 1, 2015 the Company issued a debenture for $25,000 for a cash advance. The debenture accrues interest at
10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 12 months
before the conversion date. The Holder is restricted from any conversions that would result in the Holder owning over
9.9% of the outstanding common shares of the Company after the conversion. Since its inception the debenture
accrued $625 of interest during each quarter. At December 31, 2015, the Debenture had $25,000 of principal and
$1,667 of accrued interest outstanding.
On June 3, 2015 the Company issued a debenture for $180,000 for three cash advances. The debenture accrues
interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 12
months before the conversion date. The Holder is restricted from any conversions that would result in the Holder
owning over 9.9% of the outstanding common shares of the Company after the conversion. At December 31, 2015,
the Debenture had $180,000 of principal and $9,000 of accrued interest outstanding.
On June 30, 2015 the Company issued a debenture for $200,000 for three cash advances. The debenture accrues
interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 12
months before the conversion date. The Holder is restricted from any conversions that would result in the Holder
owning over 9.9% of the outstanding common shares of the Company after the conversion. At December 31, 2015,
the Debenture had $200,000 of principal and $10,000 of accrued interest outstanding.
On June 26, 2015 the Company issued a debenture for $165,000 for a $150,000 cash advance. The debenture will
convert into the company’s common stock at 50% of the lowest closing bid price 12 months before the conversion
date but can’t convert below $.000825 per common share. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. At
December 31, 2015, the Debenture had $157,500 of principal outstanding that includes imputed interest.
On June 30, 2015 the Company issued a debenture for $240,000 for services rendered from July 1, 2014 through
June 30, 2015. The debenture accrues interest at 10% per annum and will convert into the company’s common stock
at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since its inception the debenture will accrue $6,000 of interest during each quarter. At December 31,
2015, the Debenture had $240,000 of principal and $12,000 of accrued interest outstanding.
On June 30, 2015 the Company issued a debenture for $226,966 for expenses paid on behalf of the Company from
April 1, 2014 through June 30, 2014. The debenture accrues interest at 10% per annum and will convert into the
company’s common stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is
restricted from any conversions that would result in the Holder owning over 9.9% of the outstanding common shares of
the Company after the conversion. At December 31, 2015, the Debenture had $226,966 of principal and $11,348
accrued interest outstanding.
On June 30, 2015 the Company issued a debenture for $120,000 for services rendered from January 1, 2014 through
December 31, 2014. The debenture accrues interest at 10% per annum and will convert into the company’s common
stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since its inception the debenture will accrue $3,000 of interest during each quarter. At December 31,
2015, the Debenture had $120,000 of principal outstanding and $6,000 of accrued interest.
On July 31, 2015 the Company issued a debenture for $85,000 for cash advances during July 2015. The debenture
accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid
price 12 months before the conversion date. The Holder is restricted from any conversions that would result in the
Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since its inception
the debenture will accrue $2,125 of interest during each quarter. At December 31, 2015, the Debenture had $85,000
of principal and $2,125 of accrued interest outstanding.
On August 31, 2015 the Company issued a debenture for $90,000 for cash advances during August 2015. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since
its inception the debenture will accrue $2,250 of interest during each quarter. At December 31, 2015, the Debenture
had $90,000 of principal and $2,250 of accrued interest outstanding.
On August 31, 2015 the Company issued a debenture for $20,000 for cash advances during August 2015. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since
its inception the debenture will accrue $500 of interest during each quarter. At December 31, 2015, the Debenture had
$20,000 of principal and $500 of accrued interest outstanding.
On September 13, 2015 the Company issued a debenture for $20,000 for cash advances during September 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $500 of interest during each quarter. At December 31, 2015, the
Debenture had $20,000 of principal and $500 of accrued interest outstanding.
On September 29, 2015 the Company issued a debenture for $60,000 for cash advances during September 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $1,500 of interest during each quarter. At December 31, 2015, the
Debenture had $60,000 of principal and $1,500 of accrued interest outstanding.
On September 30, 2015 the Company issued a debenture for $85,000 for cash advances during September 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $2,125 of interest during each quarter. At December 31, 2015, the
Debenture had $85,000 of principal and $4,250 of accrued interest outstanding.
On October 31, 2015 the Company issued two debentures for $83,000 totaling 166,000 for five cash advances during
October 2015. Each debenture accrues interest at 10% per annum and will convert into the company’s common stock
at 50% of the lowest closing bid price 12 months before the conversion date. The Holders are restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since their inception the debentures will accrue a total of $4,150 of interest during each quarter. At
December 31, 2015, the Debentures had $166,000 of principal and $2,766 of accrued interest outstanding.
On November 30, 2015 the Company issued a debenture for $60,000 for two cash advances during November 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $1,500 of interest during each quarter. At December 31, 2015, the
Debenture had $60,000 of principal and $500 of accrued interest outstanding.
On November 30, 2015 the Company issued a debenture for $72,500 for two cash advances during November 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $1,812 of interest during each quarter. At December 31, 2015, the
Debenture had $72,500 of principal and $604 of accrued interest outstanding.
On December 31, 2015 the Company issued a debenture for $115,000 for four cash advances during December
2015. The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of
the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $2,875 of interest during each quarter. At December 31, 2015, the
Debenture had $115,000 of principal and no accrued interest outstanding.
On December 31, 2015 the Company issued a debenture for $40,000 for three cash advances during December
2015. The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of
the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $1,000 of interest during each quarter. At December 31, 2015, the
Debenture had $115,000 of principal and no accrued interest outstanding.
SCAM ON! DILUTION MACHINE FULL SPEED AHEAD!
Going back into the trips, going to be another day filled with dilution.
SCAM ON!
Off to work AG goes with no products, no services, no assets and no income. The only thing this shell sells is their worthless shares... 8.4 Billion O/S... The scam marches on...
http://www.otcmarkets.com/financialReportViewer?symbol=ERBB&id=160840
How so? in 2014 it went from .0032 up to a penny in just a week, in 20016 in has gone from .0005- to where it is now at .00011 Seems very different. Share count is dramatically different and the scam has been exposed. This will not run like it did in 2014.
01/10/2014 0.01 0.01 0.0056 0.0067 271,724,096
01/09/2014 0.0145 0.0146 0.0073 0.0086 466,190,272
01/08/2014 0.0095 0.0139 0.0085 0.0119 653,328,640
01/07/2014 0.0039 0.0086 0.0038 0.0084 605,720,384
01/06/2014 0.0027 0.0035 0.0026 0.0035 219,908,032
01/03/2014 0.0035 0.0037 0.0023 0.0025 176,238,256
01/02/2014 0.0032 0.0046 0.0023 0.0032 349,378,176
Read more: http://www.nasdaq.com/symbol/erbb/historical#ixzz4MEbupx2d
In desperate need of a R/S but they still have over 30 Billion more shares already issued for 50% off the lowest 52 week closing price. .00024 that they need to dump, Fully diluted ERBB has 40 BILLION shares
Outstanding Debentures
On December 31, 2010, the Company issued a debenture payable for $162,706 for cash advances during the 2010
calendar year. The debenture accrues interest at 10% per annum and can convert into the company’s common stock
at 50% of the lowest closing bid price 360 trading days before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. During the quarter ended September 30, 2012, the Company issued 6,666,667 common shares
valued at $6,667 reducing the principal by $1,092 and accrued interest $5,575. At September 30, 2012, the Company
owed the Holder $4,324 in principal and $7,816 in accrued interest. During the quarter ended June 30, 2013, the
Holder converted $590 of principal and $2,848 of accrued interest for 6,250,000 common shares of the Company.
During the quarter ended December 31, 2013 the debenture accrued $108 in accrued interest resulting in the
Company owing $4,324 in principal and $8,462 in accrued interest at December 31, 2013. The Company paid off the
debenture during the quarter ended March 31, 2014 by issuing 7,861,818 common shares for $4,324 of principal and
15,385,455 common shares for $8,462 of accrued interest through the end of the same quarter. On January 29, 2015,
28,800,000 common shares were returned to the Company that had been originally issued from a conversion of this
debenture on April 27, 2012. The amount of the debenture was increased by $28,800 representing the amount of the
reduction of the debenture at the time of its conversion on April 27, 2012. No gain or loss was recognized by the
Company in the transaction. During the quarter ended March 31, 2016 the debenture accrued $720 of interest. During
the quarter ended June 30, 2016 the debenture accrued $720 of interest resulting in the debenture having $28,800 in
principal and $3,600 in accrued interest outstanding at June 30, 2016.
On April 24, 2014 the Company issued a debenture for $500,000 for cash in the same amount on the same date. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Interest expense during the quarter ended September 30, 2014 was $12,500. Since July 1, 2014 the Debenture has
accrued $15,500 of interest during each quarter. During the quarter ended June 30, 2015 the debenture accrued
$20,833 in interest. Also, the Holder converted $30,000 of accumulated accrued interest into 9,677,419 common
shares. During the quarter ended September 30, 2015, the Holder converted $110,000 of principal for 99,490,662
common shares and $28,333 of accrued interest for 18,279,355 common shares. During the quarter ended March 31,
2016 the debenture accrued $9,750 of interest. During the quarter ended June 30, 2016 the Company reduced its
outstanding principal and accrued interest by $156,250 by issuing 289,090,909 common shares resulting in the
debenture having $270,788 in principal and $2,256 in accrued interest outstanding at June 30, 2016.
Also on April 24, 2014 the Company issued a debenture for $310,000 for cash advanced to Company from April 3,
2014 to April 23, 2014. The debenture accrues interest at 10% per annum and will convert into the company’s
common stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted
from any conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the
Company after the conversion. During the quarter ended December 31, 2015 the Company effected two conversions
totaling $182,083 comprised of $138,166 in principal and $43,917 in accrued interest. During the quarter ended March
31, 2016 the debenture accrued interest of $2,305 and the Company paid $79,636 in principal and $2,864 in accrued
interest by issuing 150,000,000 common shares. During the quarter ended June 30, 2016 the Company reduced its
outstanding principal and accrued interest by $27,500 by issuing 50,000,000 common shares resulting in the
debenture having $67,003 in principal and $1,675 in accrued interest outstanding at June 30, 2016.
On September 30, 2014 the Company issued a debenture for $550,000 for cash advances during the quarter. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since
its inception the Debenture has been accruing interest at $13,750 each quarter. During the quarter ended March 31,
2016 the debenture accrued interest of $12,500 and the Company paid $50,000 in principal and $68,750 in accrued
interest by issuing 215,909,091 common shares. During the quarter ended June 30, 2016 the debenture accrued
$12,500 of interest resulting in $25,000 of accrued interest and $500,000 in principal outstanding at June 30, 2016.
On September 30, 2014 the Company issued a debenture for $127,177 for expenses paid on behalf of the Company
during the quarter. The debenture accrues interest at 10% per annum and will convert into the company’s common
stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since its inception the Debenture has been accruing interest at $3,179 each quarter. During the
quarter ended March 31, 2016 the debenture accrued interest of $1,529 and the Company paid $66,000 in principal
and $15,897 in accrued interest by issuing 148,903,606 common shares. During the quarter ended June 30, 2016 the
debenture accrued $1,529 of accrued interest resulting in $3,058 of accrued interest and $61,177 in principal
outstanding at June 30, 2016.
On September 30, 2014 the Company issued a debenture for $210,000 for services in the same amount on the same
rendered from January 1, 2012 through December 31, 2013. The debenture accrues interest at 10% per annum and
will convert into the company’s common stock at 50% of the lowest closing bid price 12 months before the conversion
date. The Holder is restricted from any conversions that would result in the Holder owning over 9.9% of the
outstanding common shares of the Company after the conversion. During the quarter ended March 31, 2016 the
debenture accrued $5,250 of interest. During the quarter ended June 30, 2016 the Company accrued $5,250 of
interest resulting in the debenture having $210,000 in principal and $36,750 in accrued interest outstanding at June
30, 2016.
On October 30, 2014 the Company issued a debenture for $300,000 for three cash advances during October 2014.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
During the quarter ended March 31, 2016 the debenture accrued interest of $6,750 and the Company paid $30,000 in
principal and $25,000 in accrued interest by issuing 100,000,000 common shares. During the quarter ended June 30,
2016 the Company accrued $6,750 of interest resulting in $13,500 of accrued interest and $270,000 in principal
outstanding at June 30, 2016.
On November 25, 2014 the Company issued a debenture for $170,000 for two cash advances during November 2014.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
During the quarter ended March 31, 2016 the debenture accrued $4,250 of interest. During the quarter ended June
30, 2016 the debenture accrued $4,250 of interest resulting in the debenture having $170,000 in principal and $25,500
in accrued interest outstanding at June 30, 2016.
On December 1, 2014 the Company issued a debenture for $125,000 for two cash advances during the quarter ended
December 31, 2014. The debenture accrues interest at 10% per annum and will convert into the company’s common
stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since its inception the debenture accrued $3,125 of interest during each quarter. During the quarter
ended March 31, 2016 the debenture accrued $3,125 of interest. During the quarter ended June 30, 2016 the
debenture accrued $3,125 of interest resulting in the debenture having $125,000 in principal and $18,750 in accrued
interest outstanding at June 30, 2016.
On December 19, 2014 the Company issued a debenture for $275,000 for five cash advances during the December
2014. The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of
the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
During the quarter ended March 31, 2016 the debenture accrued $6,875 of interest. During the quarter ended June
30, 2016 the debenture accrued $6,875 resulting in the debenture having $275,000 in principal and $41,250 in
accrued interest outstanding at June 30, 2016.
On January 9, 2015 the Company issued a debenture for $100,000 for a cash advance. The debenture accrues
interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 12
months before the conversion date. The Holder is restricted from any conversions that would result in the Holder
owning over 9.9% of the outstanding common shares of the Company after the conversion. At December 31, 2015,
the Debenture had $100,000 of principal and $9,167 of accrued interest outstanding. During the quarter ended March
31, 2016 the debenture accrued $2,500 of interest. During the quarter June 30, 2016 the debenture accrued $2,500 of
interest resulting in the debenture having $100,000 in principal and $14,167 in accrued interest outstanding at June
30, 2016.
On January 30, 2015 the Company issued a debenture for $175,000 for three cash advances during the January
2015. The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of
the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
During the quarter ended March 31, 2016 the debenture accrued $4,375 of interest. During the quarter ended June
30, 2016 the debenture accrued $4,375 of interest resulting in the debenture having $175,000 in principal and $24,791
in accrued interest outstanding at June 30, 2016.
On February 24, 2015 the Company issued a debenture for $155,000 for two cash advances during February 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture accrued $3,875 of interest during each quarter. During the quarter ended March 31,
2016 the debenture accrued $3,875 of interest. During the quarter ended June 30, 2016 the Company reduced its
outstanding principal $38,208 and accrued interest by $16,792 having issued 100,000,000 common shares. During
the same quarter the debenture accrued $2,920 in interest resulting in the debenture having $116,792 in principal and
$2,920 in accrued interest outstanding at June 30, 2016.
On March 31, 2015 the Company issued a debenture for $353,000 for four cash advances during March 2015. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since
its inception the debenture accrued $8,825 of interest during each quarter. During the quarter ended March 31, 2016
the debenture accrued $8,825 of interest resulting in the debenture having $353,000 in principal and $35,300 in
accrued interest outstanding at March 31, 2016. On April 26, 2016, the debenture was sold to a different Holder and
the Company agreed to change the terms of the debenture to a restated principal balance of $398,450 that includes a
discounted interest rate and a due date of January 27, 2017. During the quarter ended June 30 2016 the Company
reduced the outstanding principal balance to $222,450 by issuing 400,000,000 common shares.
On May 1, 2015 the Company issued a debenture for $105,000 for two cash advances during April 2015. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During
the quarter ended March 31, 2016 the debenture accrued $2,625 of interest. During the quarter ended June 30, 2016
the debenture accrued $2,625 in interest resulting in the debenture having $105,000 in principal and $12,250 in
accrued interest outstanding at June 30, 2016.
On May 1, 2015 the Company issued a debenture for $25,000 for a cash advance. The debenture accrues interest at
10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 12 months
before the conversion date. The Holder is restricted from any conversions that would result in the Holder owning over
9.9% of the outstanding common shares of the Company after the conversion. Since its inception the debenture
accrued $625 of interest during each quarter. During the quarter ended March 31, 2016 the debenture accrued $625
of interest. During the quarter ended June 30, 2015 the debenture accrued $625 in interest resulting in the debenture
having $25,000 in principal and $2,917 in accrued interest outstanding at June 30, 2016.
On June 3, 2015 the Company issued a debenture for $180,000 for three cash advances. The debenture accrues
interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 12
months before the conversion date. The Holder is restricted from any conversions that would result in the Holder
owning over 9.9% of the outstanding common shares of the Company after the conversion. During the quarter ended
March 31, 2016 the debenture accrued $4,500 of interest. During the quarter ended June 30, 2016 the debenture
accrued $4,500 in interest resulting in the debenture having $180,000 in principal and $18,000 in accrued interest
outstanding at June 30, 2016.
On June 30, 2015 the Company issued a debenture for $200,000 for three cash advances. The debenture accrues
interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 12
months before the conversion date. The Holder is restricted from any conversions that would result in the Holder
owning over 9.9% of the outstanding common shares of the Company after the conversion. During the quarter ended
March 31, 2016 the debenture accrued $5,000 of interest. During the quarter ended June 30, 2016 the debenture
accrued $5,000 in interest resulting in the debenture having resulting in the debenture having $200,000 in principal
and $20,000 in accrued interest outstanding at June 30, 2016.
On June 26, 2015 the Company issued a debenture for $165,000 for a $150,000 cash advance. The debenture will
convert into the company’s common stock at 50% of the lowest closing bid price 12 months before the conversion
date but can’t convert below $.000825 per common share. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion and is
due June 25, 2016. At June 30, 2016, the Debenture had $161,250 of principal outstanding that includes imputed
interest.
On June 30, 2015 the Company issued a debenture for $240,000 for services rendered from July 1, 2014 through
June 30, 2015. The debenture accrues interest at 10% per annum and will convert into the company’s common stock
at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since its inception the debenture will accrue $6,000 of interest during each quarter. During the quarter
ended March 31, 2016 the debenture accrued $6,000 of interest. During the quarter ended June 30, 2016 the
debenture accrued $6,000 in interest resulting in the debenture having $240,000 in principal and $24,000 in accrued
interest outstanding at June 30, 2016.
On June 30, 2015 the Company issued a debenture for $226,966 for expenses paid on behalf of the Company from
April 1, 2014 through June 30, 2014. The debenture accrues interest at 10% per annum and will convert into the
company’s common stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is
restricted from any conversions that would result in the Holder owning over 9.9% of the outstanding common shares of
the Company after the conversion. During the quarter ended March 31, 2016 the debenture accrued $5,674 of
interest. During the quarter ended June 30, 2016 the debenture accrued $5,674 in interest resulting in the debenture
having $226,966 in principal and $22,696 in accrued interest outstanding at June 30, 2016.
On June 30, 2015 the Company issued a debenture for $120,000 for services rendered from January 1, 2014 through
December 31, 2014. The debenture accrues interest at 10% per annum and will convert into the company’s common
stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since its inception the debenture will accrue $3,000 of interest during each quarter. During the quarter
ended March 31, 2016 the debenture accrued $3,000 of interest. During the quarter ended June 30, 2016 the
debenture accrued $3,000 in interest resulting in the debenture having $120,000 in principal and $12,000 in accrued
interest outstanding at June 30, 2016.
On July 31, 2015 the Company issued a debenture for $85,000 for cash advances during July 2015. The debenture
accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid
price 12 months before the conversion date. The Holder is restricted from any conversions that would result in the
Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since its inception
the debenture will accrue $2,125 of interest during each quarter. During the quarter ended March 31, 2016 the
debenture accrued $2,125 of interest. During the quarter ended June 30, 2016 the debenture accrued $2,125 in
interest resulting in the debenture having $85,000 in principal and $6,375 in accrued interest outstanding at June 30,
2016.
On August 31, 2015 the Company issued a debenture for $90,000 for cash advances during August 2015. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since
its inception the debenture will accrue $2,250 of interest during each quarter. During the quarter ended March 31,
2016 the debenture accrued $2,250 of interest. During the quarter ended June 30, 2016 the debenture accrued
$2,250 in interest resulting in the debenture having $90,000 in principal and $6,750 in accrued interest outstanding at
June 30, 2016.
On August 31, 2015 the Company issued a debenture for $20,000 for cash advances during August 2015. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since
its inception the debenture will accrue $500 of interest during each quarter. During the quarter ended March 31, 2016
the debenture accrued $500 of interest. During the quarter ended June 30, 2016 the debenture accrued $500 in
interest resulting in the debenture having $20,000 in principal and $1,500 in accrued interest outstanding at June 30,
2016.
On September 13, 2015 the Company issued a debenture for $20,000 for cash advances during September 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $500 of interest during each quarter. During the quarter ended March 31,
2016 the debenture accrued $500 of interest. During the quarter ended June 30, 2016 the debenture accrued $500 in
interest resulting in the debenture having $20,000 in principal and $1,500 in accrued interest outstanding at June 30,
2016.
On September 29, 2015 the Company issued a debenture for $60,000 for cash advances during September 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $1,500 of interest during each quarter. During the quarter ended March
31, 2016 the debenture accrued $1,500 of interest. During the quarter ended June 30, 2016 the debenture accrued
$1,500 in interest resulting in the debenture having $60,000 in principal and $4,500 in accrued interest outstanding at
June 30, 2016.
On September 30, 2015 the Company issued a debenture for $85,000 for cash advances during September 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $2,125 of interest during each quarter. During the quarter ended June 30,
2016 the debenture accrued $2,125 in interest resulting in the debenture having $85,000 in principal and $8,500 in
accrued interest outstanding at June 30, 2016.
On October 31, 2015 the Company issued two debentures for $83,000 totaling 166,000 for five cash advances during
October 2015. Each debenture accrues interest at 10% per annum and will convert into the company’s common stock
at 50% of the lowest closing bid price 12 months before the conversion date. The Holders are restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since their inception the debentures will accrue a total of $4,150 of interest during each quarter.
During the quarter ended March 31, 2016 the debentures accrued $4,150 of interest. During the quarter ended June
30, 2016 each debenture accrued $2,767 in interest resulting in the debentures having $166,000 in principal and
$11,066 in accrued interest outstanding at June 30, 2016.
On November 30, 2015 the Company issued a debenture for $60,000 for two cash advances during November 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $1,500 of interest during each quarter. During the quarter ended March
31, 2016. During the quarter ended June 30, 2016 the debenture accrued $500 in interest resulting in the debenture
having $60,000 in principal and $1,500 in accrued interest outstanding at June 30, 2016.
On November 30, 2015 the Company issued a debenture for $72,500 for two cash advances during November 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $1,812 of interest during each quarter. During the quarter ended March
31, 2016 the debenture accrued $1,813 of interest. During the quarter ended June 30, 2016 the debenture accrued
$1,813 in interest resulting in the debenture having $72,500 in principal and $4,230 in accrued interest outstanding at
June 30, 2016.
On December 31, 2015 the Company issued a debenture for $115,000 for four cash advances during December
2015. The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of
the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $2,875 of interest during each quarter. During the quarter ended March
31, 2016 the debenture accrued $2,875 of interest. During the quarter ended June 30, 2016 the debenture accrued
$2,875 in interest resulting in the debenture having $115,000 in principal and $5,750 in accrued interest outstanding at
June 30, 2016.
On December 31, 2015 the Company issued a debenture for $40,000 for three cash advances during December
2015. The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of
the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $1,000 of interest during each quarter. During the quarter ended March
31, 2016 the debenture accrued $1,000 of interest. During the quarter ended June 30, 2016 the debenture accrued
$1,000 in interest resulting in the debenture having $40,000 in principal and $2,000 in accrued interest outstanding at
June 30, 2016.
On January 31, 2016 the Company issued a debenture for $107,500 for cash advances during January 2016. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During
the quarter ended March 31, 2016 the debenture accrued $150 of interest. During the quarter ended June 30, 2016
the debenture accrued $2,250 in interest resulting in the debenture having $90,000 in principal and $2,400 in accrued
interest outstanding at June 30, 2016.
On January 31, 2016 the Company issued a debenture for $32,500 for cash advances during January 2016. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During
the quarter ended March 31, 2016 the debenture accrued $542 of interest. During the quarter ended June 30, 2016
the debenture accrued $812 in interest resulting in the debenture having $32,500 in principal and $1,354 in accrued
interest outstanding at June 30, 2016.
On February 28, 2016 the Company issued a debenture for $122,000 for cash advances during February 2016. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During
the quarter ended March 31, 2016 the debenture accrued $1,016 of interest. During the quarter ended June 30, 2016
the debenture accrued $3,050 in interest resulting in the debenture having $122,000 in principal and $4,066 in
accrued interest outstanding at June 30, 2016.
On February 28, 2016 the Company issued a debenture for $112,000 for cash advances during February 2016. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During
the quarter ended March 31, 2016 the debenture accrued $933 of interest. During the quarter ended June 30, 2016
the debenture accrued $2,800 in interest resulting in the debenture having $112,000 in principal and $3,733 in
accrued interest outstanding at June 30, 2016.
On March 31, 2016 the Company issued a debenture for $232,398 for cash advances during March 2016. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During
the quarter ended March 31, 2016 the debenture accrued no interest. During the quarter ended June 30, 2016 the
debenture accrued $5,810 in interest resulting in the debenture having $232,398 in principal and $5,810 accrued
interest outstanding at June 30, 2016.
On March 31, 2016 the Company issued a debenture for $40,500 for cash advances during March 2016. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During
the quarter ended March 31, 2016 the debenture accrued no interest. During the quarter ended June 30, 2016 the
debenture accrued $1,012 in interest resulting in the debenture having $40,500 in principal and $1,012 accrued
interest outstanding at June 30, 2016.
On April 30, 2016 the Company issued a debenture for $56,000 for cash advances during April 2016. The debenture
accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid
price 12 months before the conversion date. The Holder is restricted from any conversions that would result in the
Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During the quarter
ended June 30, 2016 the debenture accrued $933 in interest resulting in the debenture having $56,000 in principal
and $933 in accrued interest outstanding at June 30, 2016.
On April 30, 2016 the Company issued a debenture for $56,000 for cash advances during April 2016. The debenture
accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid
price 12 months before the conversion date. The Holder is restricted from any conversions that would result in the
Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During the quarter
ended June 30, 2016 the debenture accrued $933 in interest resulting in the debenture having $56,000 in principal
and $933 in accrued interest outstanding at June 30, 2016.
On May 31, 2016 the Company issued a debenture for $107,500 for cash advances during May 2016. The debenture
accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid
price 12 months before the conversion date. The Holder is restricted from any conversions that would result in the
Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During the quarter
ended June 30, 2016 the debenture accrued $895 in interest resulting in the debenture having $107,500 in principal
and $895 in accrued interest outstanding at June 30, 2016.
On May 31, 2016 the Company issued a debenture for $107,500 for cash advances during May 2016. The debenture
accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid
price 12 months before the conversion date. The Holder is restricted from any conversions that would result in the
Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During the quarter
ended June 30, 2016 the debenture accrued $895 in interest resulting in the debenture having $107,500 in principal
and $895 in accrued interest outstanding at June 30, 2016.
On June 30, 2016 the Company issued a debenture for $101,500 for cash advances during June 2016. The debenture
accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid
price 12 months before the conversion date. The Holder is restricted from any conversions that would result in the
Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During the quarter
ended June 30, 2016 the debenture accrued no interest resulting in the debenture having $101,500 in principal and no
accrued interest outstanding at June 30, 2016.
On June 30, 2016 the Company issued a debenture for $47,000 for cash advances during June 2016. The debenture
accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid
price 12 months before the conversion date. The Holder is restricted from any conversions that would result in the
Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During the quarter
ended June 30, 2016 the debenture accrued no interest resulting in the debenture having $47,000 in principal and no
accrued interest outstanding at June 30, 2016.
http://www.otcmarkets.com/financialReportViewer?symbol=ERBB&id=160795
Actually, updated numbers show 8.4 BILLION LMAO!
http://www.otcmarkets.com/financialReportViewer?symbol=ERBB&id=160840
They have already used this lie 3 times in the last 2 years and still nothing, The company is used to sell worthless shares... That's it.. That's all they do... Sell shares.. Please review the PR history below and look at all the lies they have PR'ed
Some examples
1.17 Million dollar Jurassic Sale
Acquiring OG TEA
Acquiring Truth Lighting
Acquiring Truth X
1500 Zazzz by Christmas 2014
3.5 Million sale of OneBode
Renaming Herbal Elements American Green
Calyptic
The list goes on and on and on... And they still have nothing...
http://www.otcmarkets.com/stock/ERBB/news
Nothing but selling today, no run here folks. Just the SCAM AG dumping billions of more shares. Why buy shares in a company that has 8.4 BILLION O/S with only $60 dollars of income in the last 3 months? Legit MJ stocks will run, scams like AG will continue to be diluted into oblivion.
http://www.otcmarkets.com/financialReportViewer?symbol=ERBB&id=160840
http://www.otcmarkets.com/financialReportViewer?symbol=ERBB&id=160795
http://www.otcmarkets.com/financialReportViewer?symbol=ERBB&id=155074
Never going to happen, it might have a little bump here or their but with a bloated SS like this has (8.4 Billion O/s) its never going to take off to penny land.
http://www.otcmarkets.com/financialReportViewer?symbol=ERBB&id=160840
It's not the first time they have claimed to be building a grow either, just using another worthless PR to sell shares to anyone naive enough to believe their BS.
Tranzbyte and USEI Execute Agreement to Build and Facilitate Test Grow and Operating Dispensary in Denver Area
http://www.otcmarkets.com/stock/ERBB/news/Tranzbyte-and-USEI-Execute-Agreement-to-Build-and-Facilitate-Test-Grow-and-Operating-Dispensary-in-Denver-Area?id=79893&b=y
American Green to Open Medical Marijuana Research Facility Near Hemet, California
http://www.otcmarkets.com/stock/ERBB/news/American-Green-to-Open-Medical-Marijuana-Research-Facility-Near-Hemet--California?id=85565&b=y
Same ol AG BS just packaged differently. The scam marches on
alyptic Nursery Producing Strains for 2016 Harvest With Expected Yield of 1,000 Pounds in Oregon
American Green Selects CR Commercial Contractors to Build a State-of-the-Art Phoenix Cultivation Facility
http://www.otcmarkets.com/stock/ERBB/news/American-Green-Selects-CR-Commercial-Contractors-to-Build-a-State-of-the-Art-Phoenix-Cultivation-Facility?id=126932&b=y
http://www.otcmarkets.com/stock/ERBB/news/Calyptic-Nursery-Producing-Strains-for-2016-Harvest-With-Expected-Yield-of-1-000-Pounds-in-Oregon?id=127376&b=y
AG KEEPS KRANKEN OUT WORTHLESS SHARES Dilution machine full speed ahead!
Anyone who can see reality and look past the pipe dreams, this scam AKA dilution machine is going nowhere.
No products, no income, they have absolutely nothing.. Recently lost all their employees, only one left at the office is Jillian the receptionist.
Heck they only had $60 in revenue the last 3 months..
http://www.otcmarkets.com/financialReportViewer?symbol=ERBB&id=160795
http://www.otcmarkets.com/financialReportViewer?symbol=ERBB&id=155074
Nothing but 40 Billion shares, this will never make it to a penny again with this share structure.
39,896,589,042 (39.8 billion) Fully Diluted Outstanding (FDO)
FROM LONG-VESTER, also in the financials below...
http://www.otcmarkets.com/financialReportViewer?symbol=ERBB&id=160795
http://www.otcmarkets.com/financialReportViewer?symbol=ERBB&id=160840
This Trend-SCAM is dumping .00025 on you!!
@ .0015 that's 6 times the money! Who's shorting this? INSIDERS!!!
Insiders: "That's 1 for you and 6 for us! Ka-ching!"
Needs to be sticky-ed! This conversion factor and fully diluted amount will not change unless it goes below .0005. No matter what price above it, the convertible terms cited below are for 12 months! [wink]
READ the 10K!!!! Ref: June 30 2016 10K: http://www.otcmarkets.com/financialReportViewer?symbol=ERBB&id=160795
At June 30, 2016, 7,247,693,042 common shares issued and outstanding
June 30, 2016 LIABILITIES
CURRENT
Loans from shareholders $1,992,818 (This is how they pay their salaries and payroll )
Debentures payable and accrued interest $6,169,406
$6,169,406 + $1,992,818 = $8,162,224
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 12 months before the conversion date.
Lowest closing bid price in past 12 months = .0005 - 50% = .00025
$8,162,224 / .00025 = 32,648,896,000
32,648,896,000 + 7,247,693,042 = 39,896,589,042 (3.8 billion) Fully diluted outstanding
AG has 8.4 Billion O/S, a bloated pig
http://www.otcmarkets.com/financialReportViewer?symbol=ERBB&id=160840
Based on? They sell nothing... They provide no service... They have no income... And they have a o/S of 8.4 Billion shares... That is not a good MJ company, that is a terrible one.. In fact.. ITS A SCAM...
http://www.otcmarkets.com/financialReportViewer?symbol=ERBB&id=160840
One of the best scams in the whole OTC.
Back into trips today? .00011's getting smashed with selling... But that's what scams do.
Nope, it was launched in 2014... It was a failure.
This is an awful marijuana stock, they do nothing but sell worthless shares.
No question about it, wish we could tell by how much. The TA is gagged here so we cannot check day to day dilution but i can say with 100% confidence it continues to grow at a very fast rate. Another 2 billion shares come due in just the next month... This ticker is a bloated pig.
Maybe for real MJ companies, not for scams like AG. Try GWP%, ARE%
DD REPORT: SCAM WARNING
American Green is 18 years old.
American Green has changed names 8 times
American Green has had 2 Reverse Splits
American Green is 30 Million in Debt
ERBB has 8.4 Billion shares outstanding
American Green's T/A is gagged to hide the true share count
American Green has 5 thousand dollars in the bank
American Green has another 30 Billion shares already issued and in the process of being dumped! Issued for 50% off the lowest 52 week closing price, putting the share count around 39 Billion
http://www.otcmarkets.com/stock/ERBB/profile
http://www.otcmarkets.com/financialReportViewer?symbol=ERBB&id=150858
Outstanding Debentures
On December 31, 2010, the Company issued a debenture payable for $162,706 for cash advances during the 2010
calendar year. The debenture accrues interest at 10% per annum and can convert into the company’s common stock
at 50% of the lowest closing bid price 360 trading days before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. During the quarter ended September 30, 2012, the Company issued 6,666,667 common shares
valued at $6,667 reducing the principal by $1,092 and accrued interest $5,575. At September 30, 2012, the Company
owed the Holder $4,324 in principal and $7,816 in accrued interest. During the quarter ended June 30, 2013, the
Holder converted $590 of principal and $2,848 of accrued interest for 6,250,000 common shares of the Company.
During the quarter ended December 31, 2013 the debenture accrued $108 in accrued interest resulting in the
Company owing $4,324 in principal and $8,462 in accrued interest at December 31, 2013. The Company paid off the
debenture during the quarter ended March 31, 2014 by issuing 7,861,818 common shares for $4,324 of principal and
15,385,455 common shares for $8,462 of accrued interest through the end of the same quarter. On January 29, 2015,
28,800,000 common shares were returned to the Company that had been originally issued from a conversion of this
debenture on April 27, 2012. The amount of the debenture was increased by $28,800 representing the amount of the
reduction of the debenture at the time of its conversion on April 27, 2012. No gain or loss was recognized by the
Company in the transaction. During the quarter ended December 31, 2015 the debenture accrued $720 of interest. At
December 31, 2015 the debenture had $28,800 in principal and $2,160 in accrued interest outstanding.
On April 24, 2014 the Company issued a debenture for $500,000 for cash in the same amount on the same date. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Interest expense during the quarter ended September 30, 2014 was $12,500. Since July 1, 2014 the Debenture has
accrued $15,500 of interest during each quarter. During the quarter ended June 30, 2015 the debenture accrued
$20,833 in interest. Also, the Holder converted $30,000 of accumulated accrued interest into 9,677,419 common
shares. During the quarter ended September 30, 2015, the Holder converted $110,000 of principal for 99,490,662
common shares and $28,333 of accrued interest for 18,279,355 common shares. At December 31, 2015 the
debenture had $390,000 in principal and $21,000 in accrued interest outstanding.
Also on April 24, 2014 the Company issued a debenture for $310,000 for cash advanced to Company from April 3,
2014 to April 23, 2014. The debenture accrues interest at 10% per annum and will convert into the company’s
common stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted
from any conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the
Company after the conversion. During the quarter ended December 31, 2015 the Company effected two conversions
totaling $182,083 comprised of $138,166 in principal and $43,917 in accrued interest. At December 31, 2015, the
debenture had $171,834 of principal and $2,864 of accrued interest outstanding.
On August 16, 2014 the Company issued a debenture for $100,000 for cash in the same amount on the same date.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the Debenture has been accruing interest at $2,500 each quarter. At December 31, 2015, the
debenture had $100,000 of principal and $12,500 of accrued interest outstanding.
On September 30, 2014 the Company issued a debenture for $550,000 for cash advances during the quarter. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since
its inception the Debenture has been accruing interest at $13,750 each quarter. At December 31, 2015, the debenture
had $550,000 of principal and $68,750 of accrued interest outstanding.
On September 30, 2014 the Company issued a debenture for $127,177 for expenses paid on behalf of the Company
during the quarter. The debenture accrues interest at 10% per annum and will convert into the company’s common
stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since its inception the Debenture has been accruing interest at $3,179 each quarter. At December
31, 2015, the debenture had $127,177 of principal and $15,897 of accrued interest outstanding.
On September 30, 2014 the Company issued a debenture for $210,000 for services in the same amount on the same
rendered from January 1, 2012 through December 31, 2013. The debenture accrues interest at 10% per annum and
will convert into the company’s common stock at 50% of the lowest closing bid price 12 months before the conversion
date. The Holder is restricted from any conversions that would result in the Holder owning over 9.9% of the
outstanding common shares of the Company after the conversion. At December 31, 2015, the Debenture had
$210,000 of principal and $26,250 of accrued interest outstanding.
On October 30, 2014 the Company issued a debenture for $300,000 for three cash advances during October 2014.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
At December 31, 2015, the Debenture had $300,000 of principal and $25,000 of accrued interest outstanding.
On November 25, 2014 the Company issued a debenture for $170,000 for two cash advances during November 2014.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
At December 31, 2015, the Debenture had $170,000 of principal and $17,000 of accrued interest outstanding.
On December 1, 2014 the Company issued a debenture for $125,000 for two cash advances during the quarter ended
December 31, 2014. The debenture accrues interest at 10% per annum and will convert into the company’s common
stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since its inception the debenture accrued $3,125 of interest during each quarter. At December 31,
2015, the Debenture had $125,000 of principal and $12,500 of accrued interest outstanding.
On December 19, 2014 the Company issued a debenture for $275,000 for five cash advances during the December
2014. The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of
the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
At December 31, 2015, the Debenture had $275,000 of principal and $27,500 of accrued interest outstanding.
On January 9, 2015 the Company issued a debenture for $100,000 for a cash advance. The debenture accrues
interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 12
months before the conversion date. The Holder is restricted from any conversions that would result in the Holder
owning over 9.9% of the outstanding common shares of the Company after the conversion. At December 31, 2015,
the Debenture had $100,000 of principal and $9,167 of accrued interest outstanding.
On January 30, 2015 the Company issued a debenture for $175,000 for three cash advances during the January
2015. The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of
the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
At December 31, 2015, the Debenture had $175,000 of principal and $16,041 of accrued interest outstanding.
On February 2, 2015 the Company issued a debenture for $20,000 for a cash advance. The debenture accrues
interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 12
months before the conversion date. The Holder is restricted from any conversions that would result in the Holder
owning over 9.9% of the outstanding common shares of the Company after the conversion. Since its inception the
debenture accrued $500 of interest during each quarter. At December 31, 2015, the Debenture had $20,000 of
principal and $1,833 of accrued interest outstanding.
On February 24, 2015 the Company issued a debenture for $155,000 for two cash advances during February 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture accrued $3,875 of interest during each quarter. At December 31, 2015, the
Debenture had $155,000 of principal and $12,917 of accrued interest outstanding.
On March 31, 2015 the Company issued a debenture for $353,000 for four cash advances during March 2015. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since
its inception the debenture accrued $8,825 of interest during each quarter. At December 31, 2015, the Debenture had
$353,000 of principal and $26,475 of accrued interest outstanding.
On May 1, 2015 the Company issued a debenture for $105,000 for two cash advances during April 2015. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. At
December 31, 2015, the Debenture had $105,000 of principal and $7,000 of accrued interest outstanding.
On May 1, 2015 the Company issued a debenture for $25,000 for a cash advance. The debenture accrues interest at
10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 12 months
before the conversion date. The Holder is restricted from any conversions that would result in the Holder owning over
9.9% of the outstanding common shares of the Company after the conversion. Since its inception the debenture
accrued $625 of interest during each quarter. At December 31, 2015, the Debenture had $25,000 of principal and
$1,667 of accrued interest outstanding.
On June 3, 2015 the Company issued a debenture for $180,000 for three cash advances. The debenture accrues
interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 12
months before the conversion date. The Holder is restricted from any conversions that would result in the Holder
owning over 9.9% of the outstanding common shares of the Company after the conversion. At December 31, 2015,
the Debenture had $180,000 of principal and $9,000 of accrued interest outstanding.
On June 30, 2015 the Company issued a debenture for $200,000 for three cash advances. The debenture accrues
interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 12
months before the conversion date. The Holder is restricted from any conversions that would result in the Holder
owning over 9.9% of the outstanding common shares of the Company after the conversion. At December 31, 2015,
the Debenture had $200,000 of principal and $10,000 of accrued interest outstanding.
On June 26, 2015 the Company issued a debenture for $165,000 for a $150,000 cash advance. The debenture will
convert into the company’s common stock at 50% of the lowest closing bid price 12 months before the conversion
date but can’t convert below $.000825 per common share. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. At
December 31, 2015, the Debenture had $157,500 of principal outstanding that includes imputed interest.
On June 30, 2015 the Company issued a debenture for $240,000 for services rendered from July 1, 2014 through
June 30, 2015. The debenture accrues interest at 10% per annum and will convert into the company’s common stock
at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since its inception the debenture will accrue $6,000 of interest during each quarter. At December 31,
2015, the Debenture had $240,000 of principal and $12,000 of accrued interest outstanding.
On June 30, 2015 the Company issued a debenture for $226,966 for expenses paid on behalf of the Company from
April 1, 2014 through June 30, 2014. The debenture accrues interest at 10% per annum and will convert into the
company’s common stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is
restricted from any conversions that would result in the Holder owning over 9.9% of the outstanding common shares of
the Company after the conversion. At December 31, 2015, the Debenture had $226,966 of principal and $11,348
accrued interest outstanding.
On June 30, 2015 the Company issued a debenture for $120,000 for services rendered from January 1, 2014 through
December 31, 2014. The debenture accrues interest at 10% per annum and will convert into the company’s common
stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since its inception the debenture will accrue $3,000 of interest during each quarter. At December 31,
2015, the Debenture had $120,000 of principal outstanding and $6,000 of accrued interest.
On July 31, 2015 the Company issued a debenture for $85,000 for cash advances during July 2015. The debenture
accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid
price 12 months before the conversion date. The Holder is restricted from any conversions that would result in the
Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since its inception
the debenture will accrue $2,125 of interest during each quarter. At December 31, 2015, the Debenture had $85,000
of principal and $2,125 of accrued interest outstanding.
On August 31, 2015 the Company issued a debenture for $90,000 for cash advances during August 2015. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since
its inception the debenture will accrue $2,250 of interest during each quarter. At December 31, 2015, the Debenture
had $90,000 of principal and $2,250 of accrued interest outstanding.
On August 31, 2015 the Company issued a debenture for $20,000 for cash advances during August 2015. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since
its inception the debenture will accrue $500 of interest during each quarter. At December 31, 2015, the Debenture had
$20,000 of principal and $500 of accrued interest outstanding.
On September 13, 2015 the Company issued a debenture for $20,000 for cash advances during September 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $500 of interest during each quarter. At December 31, 2015, the
Debenture had $20,000 of principal and $500 of accrued interest outstanding.
On September 29, 2015 the Company issued a debenture for $60,000 for cash advances during September 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $1,500 of interest during each quarter. At December 31, 2015, the
Debenture had $60,000 of principal and $1,500 of accrued interest outstanding.
On September 30, 2015 the Company issued a debenture for $85,000 for cash advances during September 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $2,125 of interest during each quarter. At December 31, 2015, the
Debenture had $85,000 of principal and $4,250 of accrued interest outstanding.
On October 31, 2015 the Company issued two debentures for $83,000 totaling 166,000 for five cash advances during
October 2015. Each debenture accrues interest at 10% per annum and will convert into the company’s common stock
at 50% of the lowest closing bid price 12 months before the conversion date. The Holders are restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since their inception the debentures will accrue a total of $4,150 of interest during each quarter. At
December 31, 2015, the Debentures had $166,000 of principal and $2,766 of accrued interest outstanding.
On November 30, 2015 the Company issued a debenture for $60,000 for two cash advances during November 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $1,500 of interest during each quarter. At December 31, 2015, the
Debenture had $60,000 of principal and $500 of accrued interest outstanding.
On November 30, 2015 the Company issued a debenture for $72,500 for two cash advances during November 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $1,812 of interest during each quarter. At December 31, 2015, the
Debenture had $72,500 of principal and $604 of accrued interest outstanding.
On December 31, 2015 the Company issued a debenture for $115,000 for four cash advances during December
2015. The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of
the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $2,875 of interest during each quarter. At December 31, 2015, the
Debenture had $115,000 of principal and no accrued interest outstanding.
On December 31, 2015 the Company issued a debenture for $40,000 for three cash advances during December
2015. The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of
the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $1,000 of interest during each quarter. At December 31, 2015, the
Debenture had $115,000 of principal and no accrued interest outstanding.
Would in a heartbeat, just don't think its going to happen. Another 2 Billion shares come due within the next month, there is going to be crazy selling from debenture holders who get shares for 50% off the lowest 52 week closing price, currently .00024 and sell daily for massive profits.
Hopefully its better than it was in 2014, The machine is a disaster lol They spent millions and couldn't even get 1 to properly function... Nothing but delays to sell their worthless shares.
40 Billion shares all issued for 50% off the lowest 52 week closing price... Currently .00024! Every tick north will be met with billions in selling.
http://www.otcmarkets.com/financialReportViewer?symbol=ERBB&id=160795
Outstanding Debentures
On December 31, 2010, the Company issued a debenture payable for $162,706 for cash advances during the 2010
calendar year. The debenture accrues interest at 10% per annum and can convert into the company’s common stock
at 50% of the lowest closing bid price 360 trading days before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. During the quarter ended September 30, 2012, the Company issued 6,666,667 common shares
valued at $6,667 reducing the principal by $1,092 and accrued interest $5,575. At September 30, 2012, the Company
owed the Holder $4,324 in principal and $7,816 in accrued interest. During the quarter ended June 30, 2013, the
Holder converted $590 of principal and $2,848 of accrued interest for 6,250,000 common shares of the Company.
During the quarter ended December 31, 2013 the debenture accrued $108 in accrued interest resulting in the
Company owing $4,324 in principal and $8,462 in accrued interest at December 31, 2013. The Company paid off the
debenture during the quarter ended March 31, 2014 by issuing 7,861,818 common shares for $4,324 of principal and
15,385,455 common shares for $8,462 of accrued interest through the end of the same quarter. On January 29, 2015,
28,800,000 common shares were returned to the Company that had been originally issued from a conversion of this
debenture on April 27, 2012. The amount of the debenture was increased by $28,800 representing the amount of the
reduction of the debenture at the time of its conversion on April 27, 2012. No gain or loss was recognized by the
Company in the transaction. During the quarter ended March 31, 2016 the debenture accrued $720 of interest. During
the quarter ended June 30, 2016 the debenture accrued $720 of interest resulting in the debenture having $28,800 in
principal and $3,600 in accrued interest outstanding at June 30, 2016.
On April 24, 2014 the Company issued a debenture for $500,000 for cash in the same amount on the same date. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Interest expense during the quarter ended September 30, 2014 was $12,500. Since July 1, 2014 the Debenture has
accrued $15,500 of interest during each quarter. During the quarter ended June 30, 2015 the debenture accrued
$20,833 in interest. Also, the Holder converted $30,000 of accumulated accrued interest into 9,677,419 common
shares. During the quarter ended September 30, 2015, the Holder converted $110,000 of principal for 99,490,662
common shares and $28,333 of accrued interest for 18,279,355 common shares. During the quarter ended March 31,
2016 the debenture accrued $9,750 of interest. During the quarter ended June 30, 2016 the Company reduced its
outstanding principal and accrued interest by $156,250 by issuing 289,090,909 common shares resulting in the
debenture having $270,788 in principal and $2,256 in accrued interest outstanding at June 30, 2016.
Also on April 24, 2014 the Company issued a debenture for $310,000 for cash advanced to Company from April 3,
2014 to April 23, 2014. The debenture accrues interest at 10% per annum and will convert into the company’s
common stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted
from any conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the
Company after the conversion. During the quarter ended December 31, 2015 the Company effected two conversions
totaling $182,083 comprised of $138,166 in principal and $43,917 in accrued interest. During the quarter ended March
31, 2016 the debenture accrued interest of $2,305 and the Company paid $79,636 in principal and $2,864 in accrued
interest by issuing 150,000,000 common shares. During the quarter ended June 30, 2016 the Company reduced its
outstanding principal and accrued interest by $27,500 by issuing 50,000,000 common shares resulting in the
debenture having $67,003 in principal and $1,675 in accrued interest outstanding at June 30, 2016.
On September 30, 2014 the Company issued a debenture for $550,000 for cash advances during the quarter. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since
its inception the Debenture has been accruing interest at $13,750 each quarter. During the quarter ended March 31,
2016 the debenture accrued interest of $12,500 and the Company paid $50,000 in principal and $68,750 in accrued
interest by issuing 215,909,091 common shares. During the quarter ended June 30, 2016 the debenture accrued
$12,500 of interest resulting in $25,000 of accrued interest and $500,000 in principal outstanding at June 30, 2016.
On September 30, 2014 the Company issued a debenture for $127,177 for expenses paid on behalf of the Company
during the quarter. The debenture accrues interest at 10% per annum and will convert into the company’s common
stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since its inception the Debenture has been accruing interest at $3,179 each quarter. During the
quarter ended March 31, 2016 the debenture accrued interest of $1,529 and the Company paid $66,000 in principal
and $15,897 in accrued interest by issuing 148,903,606 common shares. During the quarter ended June 30, 2016 the
debenture accrued $1,529 of accrued interest resulting in $3,058 of accrued interest and $61,177 in principal
outstanding at June 30, 2016.
On September 30, 2014 the Company issued a debenture for $210,000 for services in the same amount on the same
rendered from January 1, 2012 through December 31, 2013. The debenture accrues interest at 10% per annum and
will convert into the company’s common stock at 50% of the lowest closing bid price 12 months before the conversion
date. The Holder is restricted from any conversions that would result in the Holder owning over 9.9% of the
outstanding common shares of the Company after the conversion. During the quarter ended March 31, 2016 the
debenture accrued $5,250 of interest. During the quarter ended June 30, 2016 the Company accrued $5,250 of
interest resulting in the debenture having $210,000 in principal and $36,750 in accrued interest outstanding at June
30, 2016.
On October 30, 2014 the Company issued a debenture for $300,000 for three cash advances during October 2014.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
During the quarter ended March 31, 2016 the debenture accrued interest of $6,750 and the Company paid $30,000 in
principal and $25,000 in accrued interest by issuing 100,000,000 common shares. During the quarter ended June 30,
2016 the Company accrued $6,750 of interest resulting in $13,500 of accrued interest and $270,000 in principal
outstanding at June 30, 2016.
On November 25, 2014 the Company issued a debenture for $170,000 for two cash advances during November 2014.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
During the quarter ended March 31, 2016 the debenture accrued $4,250 of interest. During the quarter ended June
30, 2016 the debenture accrued $4,250 of interest resulting in the debenture having $170,000 in principal and $25,500
in accrued interest outstanding at June 30, 2016.
On December 1, 2014 the Company issued a debenture for $125,000 for two cash advances during the quarter ended
December 31, 2014. The debenture accrues interest at 10% per annum and will convert into the company’s common
stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since its inception the debenture accrued $3,125 of interest during each quarter. During the quarter
ended March 31, 2016 the debenture accrued $3,125 of interest. During the quarter ended June 30, 2016 the
debenture accrued $3,125 of interest resulting in the debenture having $125,000 in principal and $18,750 in accrued
interest outstanding at June 30, 2016.
On December 19, 2014 the Company issued a debenture for $275,000 for five cash advances during the December
2014. The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of
the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
During the quarter ended March 31, 2016 the debenture accrued $6,875 of interest. During the quarter ended June
30, 2016 the debenture accrued $6,875 resulting in the debenture having $275,000 in principal and $41,250 in
accrued interest outstanding at June 30, 2016.
On January 9, 2015 the Company issued a debenture for $100,000 for a cash advance. The debenture accrues
interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 12
months before the conversion date. The Holder is restricted from any conversions that would result in the Holder
owning over 9.9% of the outstanding common shares of the Company after the conversion. At December 31, 2015,
the Debenture had $100,000 of principal and $9,167 of accrued interest outstanding. During the quarter ended March
31, 2016 the debenture accrued $2,500 of interest. During the quarter June 30, 2016 the debenture accrued $2,500 of
interest resulting in the debenture having $100,000 in principal and $14,167 in accrued interest outstanding at June
30, 2016.
On January 30, 2015 the Company issued a debenture for $175,000 for three cash advances during the January
2015. The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of
the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
During the quarter ended March 31, 2016 the debenture accrued $4,375 of interest. During the quarter ended June
30, 2016 the debenture accrued $4,375 of interest resulting in the debenture having $175,000 in principal and $24,791
in accrued interest outstanding at June 30, 2016.
On February 24, 2015 the Company issued a debenture for $155,000 for two cash advances during February 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture accrued $3,875 of interest during each quarter. During the quarter ended March 31,
2016 the debenture accrued $3,875 of interest. During the quarter ended June 30, 2016 the Company reduced its
outstanding principal $38,208 and accrued interest by $16,792 having issued 100,000,000 common shares. During
the same quarter the debenture accrued $2,920 in interest resulting in the debenture having $116,792 in principal and
$2,920 in accrued interest outstanding at June 30, 2016.
On March 31, 2015 the Company issued a debenture for $353,000 for four cash advances during March 2015. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since
its inception the debenture accrued $8,825 of interest during each quarter. During the quarter ended March 31, 2016
the debenture accrued $8,825 of interest resulting in the debenture having $353,000 in principal and $35,300 in
accrued interest outstanding at March 31, 2016. On April 26, 2016, the debenture was sold to a different Holder and
the Company agreed to change the terms of the debenture to a restated principal balance of $398,450 that includes a
discounted interest rate and a due date of January 27, 2017. During the quarter ended June 30 2016 the Company
reduced the outstanding principal balance to $222,450 by issuing 400,000,000 common shares.
On May 1, 2015 the Company issued a debenture for $105,000 for two cash advances during April 2015. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During
the quarter ended March 31, 2016 the debenture accrued $2,625 of interest. During the quarter ended June 30, 2016
the debenture accrued $2,625 in interest resulting in the debenture having $105,000 in principal and $12,250 in
accrued interest outstanding at June 30, 2016.
On May 1, 2015 the Company issued a debenture for $25,000 for a cash advance. The debenture accrues interest at
10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 12 months
before the conversion date. The Holder is restricted from any conversions that would result in the Holder owning over
9.9% of the outstanding common shares of the Company after the conversion. Since its inception the debenture
accrued $625 of interest during each quarter. During the quarter ended March 31, 2016 the debenture accrued $625
of interest. During the quarter ended June 30, 2015 the debenture accrued $625 in interest resulting in the debenture
having $25,000 in principal and $2,917 in accrued interest outstanding at June 30, 2016.
On June 3, 2015 the Company issued a debenture for $180,000 for three cash advances. The debenture accrues
interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 12
months before the conversion date. The Holder is restricted from any conversions that would result in the Holder
owning over 9.9% of the outstanding common shares of the Company after the conversion. During the quarter ended
March 31, 2016 the debenture accrued $4,500 of interest. During the quarter ended June 30, 2016 the debenture
accrued $4,500 in interest resulting in the debenture having $180,000 in principal and $18,000 in accrued interest
outstanding at June 30, 2016.
On June 30, 2015 the Company issued a debenture for $200,000 for three cash advances. The debenture accrues
interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 12
months before the conversion date. The Holder is restricted from any conversions that would result in the Holder
owning over 9.9% of the outstanding common shares of the Company after the conversion. During the quarter ended
March 31, 2016 the debenture accrued $5,000 of interest. During the quarter ended June 30, 2016 the debenture
accrued $5,000 in interest resulting in the debenture having resulting in the debenture having $200,000 in principal
and $20,000 in accrued interest outstanding at June 30, 2016.
On June 26, 2015 the Company issued a debenture for $165,000 for a $150,000 cash advance. The debenture will
convert into the company’s common stock at 50% of the lowest closing bid price 12 months before the conversion
date but can’t convert below $.000825 per common share. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion and is
due June 25, 2016. At June 30, 2016, the Debenture had $161,250 of principal outstanding that includes imputed
interest.
On June 30, 2015 the Company issued a debenture for $240,000 for services rendered from July 1, 2014 through
June 30, 2015. The debenture accrues interest at 10% per annum and will convert into the company’s common stock
at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since its inception the debenture will accrue $6,000 of interest during each quarter. During the quarter
ended March 31, 2016 the debenture accrued $6,000 of interest. During the quarter ended June 30, 2016 the
debenture accrued $6,000 in interest resulting in the debenture having $240,000 in principal and $24,000 in accrued
interest outstanding at June 30, 2016.
On June 30, 2015 the Company issued a debenture for $226,966 for expenses paid on behalf of the Company from
April 1, 2014 through June 30, 2014. The debenture accrues interest at 10% per annum and will convert into the
company’s common stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is
restricted from any conversions that would result in the Holder owning over 9.9% of the outstanding common shares of
the Company after the conversion. During the quarter ended March 31, 2016 the debenture accrued $5,674 of
interest. During the quarter ended June 30, 2016 the debenture accrued $5,674 in interest resulting in the debenture
having $226,966 in principal and $22,696 in accrued interest outstanding at June 30, 2016.
On June 30, 2015 the Company issued a debenture for $120,000 for services rendered from January 1, 2014 through
December 31, 2014. The debenture accrues interest at 10% per annum and will convert into the company’s common
stock at 50% of the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since its inception the debenture will accrue $3,000 of interest during each quarter. During the quarter
ended March 31, 2016 the debenture accrued $3,000 of interest. During the quarter ended June 30, 2016 the
debenture accrued $3,000 in interest resulting in the debenture having $120,000 in principal and $12,000 in accrued
interest outstanding at June 30, 2016.
On July 31, 2015 the Company issued a debenture for $85,000 for cash advances during July 2015. The debenture
accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid
price 12 months before the conversion date. The Holder is restricted from any conversions that would result in the
Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since its inception
the debenture will accrue $2,125 of interest during each quarter. During the quarter ended March 31, 2016 the
debenture accrued $2,125 of interest. During the quarter ended June 30, 2016 the debenture accrued $2,125 in
interest resulting in the debenture having $85,000 in principal and $6,375 in accrued interest outstanding at June 30,
2016.
On August 31, 2015 the Company issued a debenture for $90,000 for cash advances during August 2015. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since
its inception the debenture will accrue $2,250 of interest during each quarter. During the quarter ended March 31,
2016 the debenture accrued $2,250 of interest. During the quarter ended June 30, 2016 the debenture accrued
$2,250 in interest resulting in the debenture having $90,000 in principal and $6,750 in accrued interest outstanding at
June 30, 2016.
On August 31, 2015 the Company issued a debenture for $20,000 for cash advances during August 2015. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. Since
its inception the debenture will accrue $500 of interest during each quarter. During the quarter ended March 31, 2016
the debenture accrued $500 of interest. During the quarter ended June 30, 2016 the debenture accrued $500 in
interest resulting in the debenture having $20,000 in principal and $1,500 in accrued interest outstanding at June 30,
2016.
On September 13, 2015 the Company issued a debenture for $20,000 for cash advances during September 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $500 of interest during each quarter. During the quarter ended March 31,
2016 the debenture accrued $500 of interest. During the quarter ended June 30, 2016 the debenture accrued $500 in
interest resulting in the debenture having $20,000 in principal and $1,500 in accrued interest outstanding at June 30,
2016.
On September 29, 2015 the Company issued a debenture for $60,000 for cash advances during September 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $1,500 of interest during each quarter. During the quarter ended March
31, 2016 the debenture accrued $1,500 of interest. During the quarter ended June 30, 2016 the debenture accrued
$1,500 in interest resulting in the debenture having $60,000 in principal and $4,500 in accrued interest outstanding at
June 30, 2016.
On September 30, 2015 the Company issued a debenture for $85,000 for cash advances during September 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $2,125 of interest during each quarter. During the quarter ended June 30,
2016 the debenture accrued $2,125 in interest resulting in the debenture having $85,000 in principal and $8,500 in
accrued interest outstanding at June 30, 2016.
On October 31, 2015 the Company issued two debentures for $83,000 totaling 166,000 for five cash advances during
October 2015. Each debenture accrues interest at 10% per annum and will convert into the company’s common stock
at 50% of the lowest closing bid price 12 months before the conversion date. The Holders are restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Since their inception the debentures will accrue a total of $4,150 of interest during each quarter.
During the quarter ended March 31, 2016 the debentures accrued $4,150 of interest. During the quarter ended June
30, 2016 each debenture accrued $2,767 in interest resulting in the debentures having $166,000 in principal and
$11,066 in accrued interest outstanding at June 30, 2016.
On November 30, 2015 the Company issued a debenture for $60,000 for two cash advances during November 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $1,500 of interest during each quarter. During the quarter ended March
31, 2016. During the quarter ended June 30, 2016 the debenture accrued $500 in interest resulting in the debenture
having $60,000 in principal and $1,500 in accrued interest outstanding at June 30, 2016.
On November 30, 2015 the Company issued a debenture for $72,500 for two cash advances during November 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $1,812 of interest during each quarter. During the quarter ended March
31, 2016 the debenture accrued $1,813 of interest. During the quarter ended June 30, 2016 the debenture accrued
$1,813 in interest resulting in the debenture having $72,500 in principal and $4,230 in accrued interest outstanding at
June 30, 2016.
On December 31, 2015 the Company issued a debenture for $115,000 for four cash advances during December
2015. The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of
the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $2,875 of interest during each quarter. During the quarter ended March
31, 2016 the debenture accrued $2,875 of interest. During the quarter ended June 30, 2016 the debenture accrued
$2,875 in interest resulting in the debenture having $115,000 in principal and $5,750 in accrued interest outstanding at
June 30, 2016.
On December 31, 2015 the Company issued a debenture for $40,000 for three cash advances during December
2015. The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of
the lowest closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.
Since its inception the debenture will accrue $1,000 of interest during each quarter. During the quarter ended March
31, 2016 the debenture accrued $1,000 of interest. During the quarter ended June 30, 2016 the debenture accrued
$1,000 in interest resulting in the debenture having $40,000 in principal and $2,000 in accrued interest outstanding at
June 30, 2016.
On January 31, 2016 the Company issued a debenture for $107,500 for cash advances during January 2016. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During
the quarter ended March 31, 2016 the debenture accrued $150 of interest. During the quarter ended June 30, 2016
the debenture accrued $2,250 in interest resulting in the debenture having $90,000 in principal and $2,400 in accrued
interest outstanding at June 30, 2016.
On January 31, 2016 the Company issued a debenture for $32,500 for cash advances during January 2016. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During
the quarter ended March 31, 2016 the debenture accrued $542 of interest. During the quarter ended June 30, 2016
the debenture accrued $812 in interest resulting in the debenture having $32,500 in principal and $1,354 in accrued
interest outstanding at June 30, 2016.
On February 28, 2016 the Company issued a debenture for $122,000 for cash advances during February 2016. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During
the quarter ended March 31, 2016 the debenture accrued $1,016 of interest. During the quarter ended June 30, 2016
the debenture accrued $3,050 in interest resulting in the debenture having $122,000 in principal and $4,066 in
accrued interest outstanding at June 30, 2016.
On February 28, 2016 the Company issued a debenture for $112,000 for cash advances during February 2016. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During
the quarter ended March 31, 2016 the debenture accrued $933 of interest. During the quarter ended June 30, 2016
the debenture accrued $2,800 in interest resulting in the debenture having $112,000 in principal and $3,733 in
accrued interest outstanding at June 30, 2016.
On March 31, 2016 the Company issued a debenture for $232,398 for cash advances during March 2016. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During
the quarter ended March 31, 2016 the debenture accrued no interest. During the quarter ended June 30, 2016 the
debenture accrued $5,810 in interest resulting in the debenture having $232,398 in principal and $5,810 accrued
interest outstanding at June 30, 2016.
On March 31, 2016 the Company issued a debenture for $40,500 for cash advances during March 2016. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 12 months before the conversion date. The Holder is restricted from any conversions that would
result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During
the quarter ended March 31, 2016 the debenture accrued no interest. During the quarter ended June 30, 2016 the
debenture accrued $1,012 in interest resulting in the debenture having $40,500 in principal and $1,012 accrued
interest outstanding at June 30, 2016.
On April 30, 2016 the Company issued a debenture for $56,000 for cash advances during April 2016. The debenture
accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid
price 12 months before the conversion date. The Holder is restricted from any conversions that would result in the
Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During the quarter
ended June 30, 2016 the debenture accrued $933 in interest resulting in the debenture having $56,000 in principal
and $933 in accrued interest outstanding at June 30, 2016.
On April 30, 2016 the Company issued a debenture for $56,000 for cash advances during April 2016. The debenture
accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid
price 12 months before the conversion date. The Holder is restricted from any conversions that would result in the
Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During the quarter
ended June 30, 2016 the debenture accrued $933 in interest resulting in the debenture having $56,000 in principal
and $933 in accrued interest outstanding at June 30, 2016.
On May 31, 2016 the Company issued a debenture for $107,500 for cash advances during May 2016. The debenture
accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid
price 12 months before the conversion date. The Holder is restricted from any conversions that would result in the
Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During the quarter
ended June 30, 2016 the debenture accrued $895 in interest resulting in the debenture having $107,500 in principal
and $895 in accrued interest outstanding at June 30, 2016.
On May 31, 2016 the Company issued a debenture for $107,500 for cash advances during May 2016. The debenture
accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid
price 12 months before the conversion date. The Holder is restricted from any conversions that would result in the
Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During the quarter
ended June 30, 2016 the debenture accrued $895 in interest resulting in the debenture having $107,500 in principal
and $895 in accrued interest outstanding at June 30, 2016.
On June 30, 2016 the Company issued a debenture for $101,500 for cash advances during June 2016. The debenture
accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid
price 12 months before the conversion date. The Holder is restricted from any conversions that would result in the
Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During the quarter
ended June 30, 2016 the debenture accrued no interest resulting in the debenture having $101,500 in principal and no
accrued interest outstanding at June 30, 2016.
On June 30, 2016 the Company issued a debenture for $47,000 for cash advances during June 2016. The debenture
accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest closing bid
price 12 months before the conversion date. The Holder is restricted from any conversions that would result in the
Holder owning over 9.9% of the outstanding common shares of the Company after the conversion. During the quarter
ended June 30, 2016 the debenture accrued no interest resulting in the debenture having $47,000 in principal and no
accrued interest outstanding at June 30, 2016.
The first one was a complete failure, why would this one be any different?
Wish the TA wasn't gagged so we could see how much that 8.4 Billion O/S went up yesterday...
http://www.otcmarkets.com/financialReportViewer?symbol=ERBB&id=160840
8.4 Billion shares in this pig
http://www.otcmarkets.com/financialReportViewer?symbol=ERBB&id=160840
Another day of nice volume, might need to flip this again when it gets back into the .0005-0006 range. Be careful holding this overnight. With a SS over 8.4 Billion they could R/S at anytime.
http://www.otcmarkets.com/financialReportViewer?symbol=ERBB&id=160840
100% accurate post, don't follow the pipe dreams follow the reality.