Eco Building Products Inc. (fka ECOB)

[MrBeep]

This is why you shouldn't be paying List price for Ecob stock. There are many examples of this. This is how this machine works for them, but not the folks that think they are 'investing.' From:

https://www.sec.gov/Archives/edgar/data/1409885/000149315217002252/0001493152-17-002252-index.htm

Senior Convertible Notes - $178,333

From July 25, 2016 through December 9, 2016, the Company entered into, with a private investor, seven Senior Convertible Notes totaling $160,500, including an original issue discount totaling $17,833, for net proceeds to the Company of $178,333 for the purpose of funding operations and for general working capital. The maturity date is one year from the issuance date. In the event of default, the Note is subject to an increase in the interest rate to twenty-two percent (22%) per annum. The holder can convert at a 40% discount to the lowest volume weighted average price in the previous twenty-five trading day period. In the event of default the conversion price is equal to 51% of the lowest traded price in the prior thirty trading days. The Company recorded amortization of discounts totaling $47,251 during the six months ended December 31, 2016 and the discount balance is $131,082 at December 31, 2016. The balance of this note at December 31, 2016 is $178,333 plus accrued interest of $10,379.