Eco Building Products Inc. (fka ECOB)

[Long-vestor]

400 BILLION shares outstanding. WOW!!, can you believe it, they'd been lying about the fully diluted outstanding. It was 393 BILLION pre-reverse split! "Accordingly, total common share equivalents of 3.9 billion were excluded in the computation of diluted net loss per share for the three months ended September 30, 2016,
3.93 billion X 100 = 393,000,000,000 !!!

with 390 billion outstanding, accordingly, the conversion 40% discounted then, it would be .00006 (5 digits) 390 billion x .00006 = $23,400,000 of the current debt was left out of the 10Q, virtually hidden B/C, their hope is; the common, ignorant dope doesn't do the simple math.

Loss Per Share"
Basic net loss per share is determined by dividing net loss by the weighted average number of common shares outstanding during the period. Diluted net loss per share is determined by dividing net loss by the weighted average number of common shares used in the basic loss per share calculation plus the number of common shares that would be issued assuming conversion of all potentially dilutive securities outstanding under the treasury stock method. Potential common shares at September 30, 2016 from preferred C shares convertible into 1.6 billion shares of common stock, preferred D shares convertible into 349.1 million shares of common stock, 1.5 billion from stock options and convertible notes convertible into 431.2 million shares of common stock. Accordingly, total common share equivalents of 3.9 billion were excluded in the computation of diluted net loss per share for the three months ended September 30, 2016, because the effect would be anti-dilutive.

From previous lying report:

"Potential common shares at March 31, 2016 from preferred C shares convertible into 162.1 billion shares of common stock, preferred D shares convertible into 34.5 billion shares of common stock (March 31, 2015 – 9.7 billion ) and convertible notes convertible into 22.1 billion shares of common stock (March 31, 2015 – 712.6 million). Accordingly, total common share equivalents of 218.7 billion were excluded in the computation of diluted net loss per share for the three and nine months ended March 31, 2016, because the effect would be anti-dilutive."