Eco Building Products Inc. (fka ECOB)

[Long-vestor]

.0008 TOXIC SCAM NEWS FLUFF PUMP TO DUMP LENDERS DO!! Proving the CEO ConMan has NO CONFIDENCE IN THE MARKET SHARE PRICE

Here is an example of the CEO ConMan's short termed, in-between reporting periods TOXIC LOANS!! with 80 and 85% discount!!


Why Pay Market prices while the CEO CONMAN DUMPS THEM ON YOU @ .0008 !! ???
http://www.sec.gov/Archives/edgar/data/1409885/000112785513000716/n13521_10-k.htm

On September 19, 2013, the Company entered into a forbearance agreement with Hudson Bay Master Fund to receive a total $113,110 loan. The maturity date is October 28, 2013. At the maturity date, the Company has to pay as part of the total amount $3,100 interest and $10,000 estimated collection expenses. The conversion price is lesser of 85% of the quotient of the sum of the three lowest VWAPs of the common stocks or 80% of the lowest trade price in the 10 trading days previous to the conversion.

Convertible Notes - $1,080,000 Financing


On August 13, 2012, Eco Building Products, Inc., and subsidiaries entered into a Securities Purchase Agreement (the “Purchase Agreement”) wherein the Company agreed to privately issue and sell (the “Offering”) and the purchaser identified on the signature page to the Purchase Agreement (the “Purchaser”) agreed to purchase (i) $1 million, in the aggregate, of Original Issue Discount Senior Secured Convertible Debenture due on November 13, 2012 (the “Debenture”) and (ii) an aggregate of 3,500,000 shares (the “Shares”) of the Company’s common stock (the “Common Stock”). The closing of the Offering occurred on August 13, 2012 (“Original Issue Date”).


The Company sold to the Purchaser the Debenture having a principal amount of $1,080,000. At any time after the six month anniversary of the Original Issue Date until the Debenture is no longer outstanding, the Debenture shall be convertible, in whole or in part, into shares of Common Stock at the option of holder, subject to certain conversion limitations set forth in the Debenture, at a conversion price equal to the lesser of (i) $0.08, subject to adjustment thereunder, and (ii ) 80% of the average of the lowest 3 closing prices during the 3 trading days immediately prior to any such date of conversion.
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Every time this POS SCAM Operation pumps news it's guaranteed TOXIC CONVERTIBLE SCAM!!! DUMPING TO LENDERS TODAY FOR .0008!!!!


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