$58,106,263-$232,425,054 WORTH OF SHARES GIVEN TO DEBENTURE DEBT HOLDERS. ALL OF THE DEBENTURE DEBTS HAVE BEEN CONVERTED AT 0.0004-0.0013 SO FAR. THEY HAVE A LOT MORE DEBENTURE DEBT THAT CONVERTS AT THE 18 MONTH LOW OR 360 DAY LOW + THEY GET A 50 PERCENT DISCOUNT WHEN THEY CONVERT . THAT IS WHY I BELIEVE ERBB WILL CONTINUE TO DROP LONG TERM. MORE SHARES CONVERTED = MORE DILUTION. GLTA
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.
265,191 ÷ 206,414,686 = 0.0012847487
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.
115,553 ÷ 220,238,267 = 0.00052467267
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.
310,082 ÷ 635,000,000 = 0.00048831811
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.
314,700 ÷ 625,000,000 = 0.00050352
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.
85,410 ÷ 181,250,000 = 0.00047122758
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.
117,500 ÷ 216,514,545 = 0.00054268871
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.
211,396 ÷ 450,000,000 = 0.00046976888
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.