Eco Building Products Inc. (fka ECOB)

[Long-vestor]

Running to Bankruptcy while dumping $8.5 million Bucks worth of shares at an estimated .0009 for the 6 months of the terms of this note;

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=102871402

Long-vestor Wednesday, 06/04/14 11:19:12 AM
Re: None
Post # of 14819


Yup, this just increased the dilution variables by 4 fold.. already has 500 million shares dumping, and a may 14 note which was not paid. It would seem today describes 'a unfavorable note' for $300k,, which is likely the original $430 that was garnished from all HD sales, and was not paid on the due date May 14. which means for the three months ended mar 31 and up too may 14, there were no more than $130k in total sales turned over to the lender. The $300k appears to be the balance.

All that hype about HD sales, was really, really BS!!

No mention about the 5 million dollar note that past due May 29, that converts into 5 billion plus shares, nor notes coming due this month, and the new notes divided into different names allows them to dump more faster without percentage restrictions redwood would have singularly. Higher risk assessment from the previous 50% to0 60%, and from 20 days to 30 days plus another which extended the conversion into 60 days.


Increased risk assessment:

Quote:

Subject to certain ownership limitations as described below, shares of Preferred Stock are convertible at any time at the option of the holder into shares of Common Stock (the “Conversion Shares”) at a conversion price equal to 60% of the lowest VWAP during the 30 trading day period immediately prior to the applicable conversion date, subject to adjustment (the “Conversion Price”); provided, however, that each of Dominion and Redwood have the ability on up to twenty (20) distinct occasions to calculate the Conversion Price using the following formula: 60% of the lowest VWAP during the 60 Trading Day-period immediately prior to the applicable conversion date,

There's over 3 billion shares out now, and 10Q report another 6.7 billion accounting for current notes, this new dump fest gets weekly dumps, at current estimate reports an addition 3,235,294,118.

And it is not even talking about reorganizing the $400k and 5 million current past due notes!!.

Estimating current shares for loans including the may 15 past due note and May 29 past due reorganized into higher risk assessment for 70% discounts is close to 15 billion!!!


Good news,, 3 months ending March 31 plus extended into May 14, the total of all HD sales estimate @ $130,000 and the dump fest is heated up, to dump more and more shares on increased risk assessment faster and faster!