American Green Inc (ERBB)

[MD420]

Can someone break this down .

On April 4, 2018, the Company sold all of Nipton Inc. to CannAwake Corporation for 160,000 shares of the CannAwake’s Series A Convertible Preferred Stock. On March 26, 2021, the Company and CannAwake agreed to return 155,500 shares of CannAwake’s Series A Convertible Preferred Stock and immediately convert the remaining 4,5000 shares into 4,500,000 shares of CannAwake Common Stock, resulting in a reduction to 9.3% ownership of CannAwake. During the year ended June 30, 2022, the Company wrote off its investment in CannAwake.

Does that mean they originally claimed that 160,000 shares were worth the $7+million..
What exactly was written off?

There is still this also
date issued.. Outstanding balance.. Principale amount bat issuance.....
9/13/17 .................$1,006,750 ......$2,200,000....... 0 9/14/18....... See Note 2..... Note 3C........... Acquisition
Thats the Nipton entry. It can be converted to shares 50% off ....That debenture is owned by Mammoth Corporation. Brad Hare
Thats a LOT OF SHARES when he does >>>.not have best reputation...

Brad and mammoth are on this list

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162377518

Also did these transactions over 7 months 07/20
Mammoth Corporation 50,000,000@.0008,,,, 50,000,000@.0008,,,, 50,000,000@ .0007,,,, 75,000,000@.00055, ,,,,,120,000,000@ .00055,,, 120,000,000 @.00055, 120,000,000,@.00055,,, All those transactions took place after the 500/1 RS

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171153657

WHO IS THIS Brad Hare? Have a feeling he has something to do with the 12million loan ..