Energy Resource Abundance (ERAO)

[Toxic Avenger]

Looks like the explanation of 40 million of the 49 million "earmarked" shares is here
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=65231

The Company secured $2.40 million of funding on September 27, 2011. These funds will be received by the Company via monthly installments over a period of twelve months, predicated upon current cash needs and benchmarks of progress toward design, manufacturing and sales. The infusion of capital is in the form of a note secured by all assets of the Company and up to 40,000,000 shares of Management’s common stock to be issued and received ratably over a 36 month period, commencing September 27, 2011.

As I read it, someone is investing $200k/month for 12 months. They will have a note secured by all the assets of the company.
In addition, the will receive 1.11 million shares/month for 3 years in addition to the note. The 40 million shares will come from shares currently issued to the management.
It will be interesting to see if management issues themselves additional shares to remain majority owners, or the lender becomes majority owner.