American Green Inc (ERBB)

[IBurnPurpleKush]

ERBB IS THE NEXT ON THE SEC'S LIST IMO

https://www.sec.gov/investor/alerts/tradingsuspensions.pdf

Questions about trading in the stock, including
trading by insiders, potential market manipulation,
and the ability to clear and settle transactions in
the stock.



DING DING DING! RING ANY BELLS YOU GUYS??? POTENTIAL INSIDERS ( FORMER PRESIDENTS, FINANCIAL CONSULTANTS, UNNAMED DEBENTURE HOLDERS ARE DUMPING MILLIONS OF DOLLARS WORTH OF DEBENTURE DEBTS CONVERTED AT 00055!)

one of its subsidiaries for it’s operation WAS EVEN ISSUED A DEBENTURE! LOL!

Outstanding Debentures

On September 30, 2011, the company reduced its accounts payable by $270,000 by issuing a debenture to the
company’s former president for the same amount for unpaid compensation from July 1, 2008 through December 31
2009. The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of
the lowest closing bid price 360 trading days before the conversion date. The Holder is restricted 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 120,213,500 common shares
valued at $78,275 reducing the principal by $72,650 and accrued interest $5,625. During the quarter ended December
31, 2012 the Company issued 85,000,000 shares reducing the principal by $46,750 and accrued interest expense
during the quarter was $3713. During the quarter ended March 31, 2013 the Company issued 150,000,000 shares to
the Holder reducing the principal by $53,450 and accrued interest by $29,050. During the same quarter $3,000 of
interest accrued on the debenture. During the quarter ended September 30, 2013, the debenture accrued $2,254 of
interest. At September 30, 2013 the Company owed the Holder $90,150 in principal and $7,507 in accrued interest.
During the quarter ended December 31, 2013 the Holder converted $33,743 of principal into 61,350,909 common
shares and $7,507 of accrued interest expense into 13,649,091 of common shares. During the quarter ending March
31, 2014, the Company retired $22,000 of debenture principal for the issuance of 40,000,000 common shares and
$3,590 of accrued interest for 6,527,273 common shares. At March 31, 2014 the Company owed the Holder $34,407
in principal and no accrued interest.

On November 30, 2012, the Company reduced its loans from shareholders by $120,000 by issuing a $120,000
convertible debenture to a financial consultant of the Company for his services from January 1, 2011 thru December
31, 2011. The debenture accrues interest at 10% per annum and will convert into the company’s common stock at
50% of the lowest closing bid price 360 trading days before the conversion date. The Holder is restricted from any
conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after
the conversion. Accrued interest expense during the quarter ended September 30, 2013 resulted in the Company
owing $120,000 in principal and $10,000 in accrued interest. During the quarter ended December 31, 2013, the Holder
converted into 56,818,182 common shares reducing the principal by $31,250 and 18,181,818 common shares for
$10,000 of accrued interest. Interest of $2,609 accrued during the quarter resulting the principal balance being
$88,750 and accrued interest being $2,609 at December 31, 2013. During the quarter ending March 31, 2014, the
Company retired $24,891 of debenture principal for the issuance of 45,256,364 common shares and $2,609 of
accrued interest for 4,743,636 common shares. At March 31, 2014 the Company owed the Holder $63,859 in principal
and $1,596 of accrued interest.


On June 30, 2013, the Company reduced its loans from shareholders by $240,000 by issuing a $240,000 convertible
debenture to a financial consultant of the Company for his services from July 1, 2012 thru June 30, 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 360 trading days before the conversion date. The terms of the conversion are the same as the
consultant’s terms of conversion for the shares earned during each quarter in which the services were rendered. The
Holder is restricted 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 quarters ended September 30, 2013, December 31, 2013 and
March 31, 2014 the debenture accrued $6,000 of interest in each respective quarter. At March 31, 2014, the
debenture had $240,000 of principal and $18,000 of accrued interest outstanding.

On June 30, 2013, the Company reduced its loans from shareholders by $59,167 by issuing a $59,167 convertible
debenture to a financial consultant of the Company for expenses paid from January 1, 2012 thru June 30, 2012. The
debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the lowest
closing bid price 360 trading days before the conversion date. The terms of the conversion are the same as the terms
of conversion in the grid note for each advance. The Holder is restricted 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 quarters
ended September 30, 2013, December 31, 2013 and March 31, 2014 the debenture accrued $1,479 of interest in
each respective quarter. At March 31, 2014, the debenture had $59,167 of principal and $4,438 of accrued interest
outstanding.
On October 1, 2013, the Company reduced its accounts payable by $217,293 by issuing a convertible debenture in
the same amount to the Company for expenses paid on behalf of Tranzbyte from July 1, 2013 thru September 30,
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 18 months before the conversion date. The terms of the conversion are the same as the
terms of conversion in the note for each advance. The Holder is restricted 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, 2013 and march 31, 2013 the debenture accrued $5,432 of interest in each respective
quarter. At March 31, 2014, the debenture had $217,293 of principal and $10,864 of accrued interest outstanding.

On October 1, 2013, the Company issued a $10,000 convertible debenture for a $10,000 cash advance on September
16, 2013 to one of its subsidiaries for it’s operation. The debenture accrues interest at 10% per annum and will convert
into the company’s common stock at 50% of the lowest closing bid price 18 months before the conversion date. The
terms of the conversion are the same as the terms of conversion in the note for each advance. The Holder is restricted
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 quarters ended December 31, 2013 and March 31, 2014 the debenture
accrued $250 of interest in each respective quarter. At March 31, 2014, the debenture had $10,000 of principal and
$500 of accrued interest outstanding.

On November 15, 2013, the Company issued a debenture for $22,400 for cash advances in the same amount on the
same date for cash advances to one of its subsidiaries for it’s operation. The debenture accrues interest at 10% per
annum and will convert into the company’s common stock at 50% of the lowest closing bid price 18 months before the
conversion date. The terms of the conversion are the same as the terms of conversion in the note for each advance.
The Holder is restricted 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 March 31, 2014
, the debenture had $22,400 of principal and $280 of accrued interest outstanding.

On December 30, 2013, the Company issued a debenture for $220,144 for cash advances in the same amount for
expenses paid on behalf of Tranzbyte from October 1, 2013 thru December 30, 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 18
months before the conversion date. The terms of the conversion are the same as the terms of conversion in the note
for each advance. The Holder is restricted 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 March 31, 2014, the debenture had
$217,293 of principal and no accrued interest outstanding.

On March 31, 2014, the Company issued a debenture for $164,015 for expenses paid on behalf of the Company
during the quarter ended March 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 18 months before the conversion date. The terms of
the conversion are the same as the terms of conversion in the note for each advance. The Holder is restricted from
any conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company
after the conversion.

On March 31, 2014, the Company issued a debenture for $220,000 for expenses paid on behalf of the Company
during the quarter ended March 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 18 months before the conversion date. The terms of
the conversion are the same as the terms of conversion in the note for each advance. The Holder is restricted from
any conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company
after the conversion.



NOTE 5: LOANS FROM SHAREHOLDERS

During the quarter ended March 31, 2013, the Company paid down loans from shareholders by $54,250 but unpaid
cash advances of $36,950 and unpaid services during the quarter from existing shareholders valued at $116,500
resulted in the ending balance at March 31, 2013 being $1,897,139. During the quarter ended June 30, 2013 the
Company reduced loans from shareholders by $299,167 through the issuance of two debentures but unpaid cash
advances of $61,999 and unpaid services of $110,000 during the quarter from existing shareholders resulted in an
ending balance of $1,769,671 at June 30, 2013. During the quarter ended September 30, 2013 the Company reduced
loans from shareholders by $80,635 through the issuance of common shares but unpaid services of $118,500 during
the quarter from shareholders resulted in an ending balance of $1,807,536 at September 30, 2013. During the quarter ended December 31, 2013 loans from shareholders increased by $132,500 for accrued services rendered by officers
and consultants. During the quarter ended March 31, 2014 loans from shareholders increased by $132,500 for
accrued services rendered by officers and consultants.


NOTE 6. STOCKHOLDERS EQUITY


Preferred Stock
On January 3, 2012, the Company designated 6,500,000 preferred shares to be authorized in Series C Preferred
Stock at a face value of $1 per share. The Class C Preferred shares are non-voting, have no dividend rights and rank
junior to all other Preferred Classes of Stock. The Class C Stock is secured by 100% of its right, title and interest in all
of the outstanding and issued capital stock of Proxima-RF Technology Holding Company Ltd. “Proxima R-F”. The
ownership percentage in Proxima-RF is held as collateral by the Series C Preferred stockholders and will be reduced
as the Company may from time to time purchase and retire any number of Class C Preferred Stock for cash. The
value of the Preferred Series C will be carried at $1 on the Company’s financial statements and will be adjusted as the
Company may repurchase the Preferred Stock and increase its ownership interest in Proxima R-F.
On June 29, 2012, the Company issued the 6,500,000 Preferred Series B shares to David Gwyther as consideration
for signing a three-year employment agreement with the Company. On November 18, 2012 a majority of the common
shareholders approved in writing to change the voting rights of the Preferred Series B shares from 100 votes per
common share to 1,000 votes per common share. The Preferred Series B shares held by the Company’s president,
David Gwyther have voting control of the Company with 1,000 votes for each preferred share held.

At December 31, 2013 the Company had authorized 30,000,000 preferred shares with 13,000,000 preferred shares
outstanding at $.01 par and can issue shares of preferred stock in such classes and with such preferences as may be
determined by the board of directors or the bylaws of the Company.

Common Stock

On June 14, 2007 the Company consolidated its authorized and outstanding common shares at a 1 for 1,000 ratio.
After the stock consolidation the Company had authorized 870,000 common shares at a par value of $.001.

On May 29, 2012, the Company increased its authorized common shares to 1,350,000,000 at a par value of $.001.

On December 14, 2012, the Company increased its authorized common shares to 1,995,000,000 at a par value of
$.001.

On January 17, 2013, the Company increased its authorized common shares to 2,750,000,000 at a par value of
$.001.

On August 30, 2013, the Company increased its authorized common shares to 3,750,000,000 at a par value of $.001.

On January 9, 2014 the Company increased its authorized common shares to 4,750,000.


On July 21, 2011, the company issued 5,000,000 common shares under a debenture that converted $9,436 of
principal and $2,314 of accrued interest. On August 29, 2011, the Holder of a debenture converted $27,883 of
principal and $5,867 of accrued interest for 9,000,000 common shares of the company.

On October 7, 2011, the Holder of two debentures was issued 20,844,616 common shares valued at $68,445
resulting in one of the debentures being paid in full and the other debenture being reduced by $32,362 of principal and
$2,606 of accrued interest.

During the quarter ended December 31, 2011 the Holder of a debenture was issued 53,215,384 shares of common
stock resulting from three separate conversions valued at $60,666 of principal and $59,534 of accrued interest.

On January 20, 2012, the Company issued 36,627,648 to the Company’s president for services rendered from
February 1, 2011 thru January 20, 2012 valued at $85,277 and then resigned as the president. In addition 500,000
shares were issued to a consultant valued at $1,400.
On February 1, 2012, the Holder of a debenture was issued 25,000,000 common shares valued at $25,000 resulting
in the debenture being reduced by $20,071 of principal and $4,929 of accrued interest. In addition 1,000,000 shares
were issued to an individual valued at $15,000 for accrued legal fees.

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

During the quarter ended September 30, 2012, a total of 220,238,267 common shares were issued in settlement of
$115,553 of principal and accrued interest on four debentures of the Company. The Company also issued 5,797,978
common shares valued at $43,333 to reduce loans from shareholders.

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

During the quarter ended March 31, 2013, the Company reduced loans from shareholders by $39,250 by issuing
14,034,333 common shares for $15,000 of accrued debt for past legal services and 20,347,833 common shares to the
Company’s President for unpaid services of $24,250. The number of common shares that were earned by the
Company’s President from October 2011 through January 2012 were 8,633,818 and the common shares earned from
October 2012 through December 2012 were 11,714,015.

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

Also during the quarter ended March 31, 2013, the Company paid down $15,000 of accrued debt to two consultants
with the issuance of 6,865,530 common shares and paid the same two consultants $16,666 for services with
2,152,120 common shares.

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

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

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

On October 30, 2013, the Company issued its first traunch of restricted common shares totaling 171,342,846 to the
shareholders of three companies it agreed to purchase. See footnote 1 “Acquisitions”.

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

At March 31, 2014, the Company had 4,750,000,000 authorized common shares and 3,846,572,678 common shares
issued and outstanding. See note 4 for details.