Replies to post #250824 on American Green Inc (ERBB)

[lukechen817]

its all in their financials.....check the debenture section

[frontloading]

Per ERBB financials:

On November 30, 2015 the Company issued a debenture for $60,000 for two cash advances during November 2015.
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 12 months 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.
Since its inception the debenture will accrue $1,500 of interest during each quarter. During the quarter ended March
31, 2016. During the quarter ended June 30, 2016 the debenture accrued $500 in interest resulting in the debenture
having $60,000 in principal and $1,500 in accrued interest outstanding at June 30, 2016. During the quarter ended
September 30, 2016 the debenture accrued $500 in interest resulting in the debenture having $60,000 in principal and
$2,000 in accrued interest outstanding at September 30, 2016.
On November 30, 2015 the Company issued a debenture for $72,500 for two cash advances during November 2015.
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 12 months 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.
Since its inception the debenture will accrue $1,812 of interest during each quarter. During the quarter ended March
31, 2016 the debenture accrued $1,813 of interest. During the quarter ended June 30, 2016 the debenture accrued
$1,813 in interest resulting in the debenture having $72,500 in principal and $4,230 in accrued interest outstanding at
June 30, 2016. During the quarter ended September 30, 2016 the debenture accrued $1,813 in interest resulting in
the debenture having $72,500 in principal and $6,042 in accrued interest outstanding at September 30, 2016.


*$132.5k debentures + 13.5k (10% interest) ÷ .00025 (50% discount to 52 weak low share price) =$145.5k ÷.00025=582,000,000M gl