Eco Building Products Inc. (fka ECOB)

[dade]

In my opinion it is good news.
Steve has plunked down $380K dollars to pay the tab on the warrants/notes.
He could have paid the investor(s) in stock = dilution.

He could have sailed out common shares at the rate of:

If the Company elects to make payment in shares of its common stock, the number of shares issued by the Company will be determined by dividing the installment amount being converted by the lowest of (a) the conversion price then in effect, (b) 70% of the average of the 3 lowest closing bid prices of our common stock during the 20 consecutive trading day period immediately preceding the applicable installment date and (c) 70% of the closing bid price of our common stock on the trading day immediately preceding the applicable installment date.

to equal $336,494.00 worth of common stock.

The next payment on the notes is due 3 days before Christmas, I wonder if the Investor(s) will be getting shares or cash in their stockings with the second payment?

Did you guys see this video on the link that Gerry posted?
http://www.youtube.com/user/voozman#p/u/26/JYj0Vf2Y0VI
Steve is a honest man & a humanitarian. validated by his work with haiti

Im still Long here
Go ECOB