Replies to post #162112 on American Green Inc (ERBB)

[iSmellCrickets]

I can't be here for close, if someone would reply to me with the T trade number I would be grateful.

[Long-vestor]

This is just one example (Partial loan contract quoted below) of the many loans and other junk with terms. They hand the "lender" 50% discount off of the lowest price in 360 friggen trading day!. that's about 14 months! and I see Oct 1 2013 low @ .001 and lowest closing bid price @ Dec. 4 2013 @ .0011 as lowest for a while which means that "lender" AND other "Lenders" "Service provides" etcetera. are being handed shares as payments for .00055 !!


.00055 (Triple zero, five, five) is being dumped by "Company" all year +

http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=116476

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 and December 31, 2013
the debenture accrued $6,000 of interest in each respective quarter. At December 31, 2013, the debenture had
$240,000 of principal and $12,000 of accrued interest outstanding.

That is insane!