Eco Building Products Inc. (fka ECOB)

[Long-vestor]

Gagged transfer agent so that you can not. All Toxic pump and dump scams gag the transfer agents so you won't know how bad it is being dumped into. However, discovery of files can give you and insight, understanding the terms can tell you how what's filed changings the dump so; in this case, you have to know the amount, of what I've quoted below amounts to, which I attempt to explore also: "10Q disclosure of convertible preferred C notes:


From the last 10Q: "Potential common shares at March 31, 2015 from preferred C shares convertible into 9.7 billion post-split (193.9 billion pre-split) shares of common stock,"

PPS on March 31 2015, I believe it hit higher but pretty sure it closed @ .0054, so the 10Q notes would use that figure to calculate how many shares the preferred C's convert into. .0054 x 9.7 billion shares {Post split) is 52.3 MILLION DOLLARS!!"


Understanding the terms of the 'leak-out agreement' shows you what's happening. As the stock price lowers, the amount of shares they claimed to file originally; "3.2 billion" expands. Because you must realize that share amount is based, not on some lump sum of shares but monetary value: $XXX,XXXX cash. They have not come remotely close to dumping those .3.2 billion and their convertible rate is now .00018, ((preferred C conversion receives 60% discount of the lowest price in 30 days) simply if July 10 2015, PPS was .0025 and now .0003 that 3.2 billion has multiplied nearly 10 times into 30 billion.

Basically, providing it does not go lower than .0003(As if? Ha ha ha! It's going way lower)
that July contract is changed so that when an excess of 30 billion has been diluted, Part I of it is completed.. (Note: there's 2 parts, part I into November and Part II, after that period)

I.E. while it hasn't been all dumped, yet, the plan is to fulfill the goal. For that you must presume it's there, Part I @ .0003 contains 30 billion shares as of now. .

AND That is ONLY Part I.. Part II is to completely dump all of the C preferred.. When taken into consideration of the amount those C's are valued: That will be 100's of billions of shares.


Estimating here, but it appears as though they've now converted 300 million, so it's a long road to china at this rate and as each lower low hits it's going to require;
Multiple times of authorized increases or reverse splits.

These calculations or estimates are why the transfer agent is gagged.. very, very, VERY few people actually read the filed statements and far less understand them.

Toxic scams rely on the ignorance of penny stock owners. There are no analysts to get coverage from, I.E. It's disclosed, but not up to them to tell you what's going on.

This is the latest prevalent news: The current outstanding just got 3.2 billion shares at the dump and ready gates! And it gets better, the dump continues into November and then these preferred get to dump at will, so, they plan to increase the authorized to facilitate it.

WHEREAS, the Company has presently placed in reserve with its Transfer Agent (Fidelity Transfer Company) 3,235,294,118 shares of common stock to convert the Remaining Principal Balance and accrued interest due pursuant to the Series C Preferred into Common Stock; and


Do your due diligence!.. Home Depot kicked them OUT months ago!


http://www.sec.gov/Archives/edgar/data/1409885/000112785515000167/ecob8k050115.htm

On May 1, 2015, Eco Building Products, Inc. (the “Company”) received a letter from The Home Depot, Inc. (“Home Depot”) that the Amendment #2 to The Home Depot Supplier Buying Agreement, dated as of February 10, 2014 (the “Agreement”) was terminated. Home Depot will continue to sell through any Company products remaining in their stores but as of May 11, 2015 (the “Termination Date”), any pending purchase orders would be cancelled.
,
http://www.sec.gov/Archives/edgar/data/1409885/000112785515000304/ecobexh10_2.htm

THIS LEAK-OUT AGREEMENT (the “Agreement”) is made and entered into as of this 10th day of July 2015, among Dominion Capital LLC, Redwood Management, LLC, Redwood Fund II, LLC, Redwood Fund III, LLC (collectively, “Redwood”), and Apollo Capital Corp. (collectively, the “Holders;” individually, each of Dominion, all Redwood affiliates, and Apollo, a “Holder”) and Eco Building Products, Inc., a Colorado corporation (the “Company”).



2. Increase in Authorized Common Stock. Should at any time during the effectiveness of this Agreement, the amount of shares held in reserve be insufficient to accommodate the conversions provided for below, within forty-five (45) days of the Holders notifying the Company of such deficiency, the Company hereby agrees to affect, or, within a commercially reasonable period of time, use its best efforts to take the necessary actions to affect, an increase in its authorized Common Stock or approve corporate action that would have the same result (the “Increase”) that provides the authorization for the Company to issue at least such additional shares as is required to have reserved two times the number of shares that is actually issuable upon full conversion of the then remaining balance of the Series C Preferred, and to place those shares in reserve with its Transfer Agent for the Holders benefit. The Increase is to be effectuated by way of filing an amendment to its certificate of incorporation with the Secretary of State of the State of Nevada. The Company shall effect the Increase pursuant to applicable federal and state laws, including but not limited to obtaining any requisite approvals, providing any requisite notice, and/or making any requisite filings with the appropriate federal and state authorities.




3. Leak Out.



(a) Except as otherwise expressly provided herein, and subject to any other restrictions prohibiting the conversion, offer, sale or transfer of the shares of Common Stock under applicable United States federal or state securities laws, rules and regulations (collectively, the “Regulations”), the Company and the Holders agree that:



(i) Commencing the date of this Agreement (the “Leak Out Date”), subject to any applicable Regulations, each Holder shall be entitled to convert and sell the Series C Preferred, pursuant to the terms of the Series C Preferred, in not more than a principal amount equal to the greater of (a) 10% of the average daily dollar volume of the Company’s Common Stock traded during the prior trading week, per calendar week, or 10% of the volume on any given day of trading for that trading period (which, in either case, such sum upon completion of each conversion shall be deducted from the then outstanding Remaining Principal Balance), (the “Weekly Allotment”), until November 1, 2015, unless otherwise extended by the Holders, at which time the Holders shall no longer be subject to the Weekly Allotment restrictions, and shall be entitled to convert and sell the then Remaining Principal Balance, as the Holders in its sole discretion may elect pursuant to the terms of the Series C Preferred.