Eco Building Products Inc. (fka ECOB)

[ChuckCheese]

reading through the details in the proxy statement is interesting:

On May 15, 2013 the President & CEO of the Corporation has determined that it is in the best interests of the Corporation and its shareholders that the shareholder Irving Minnaker loan and retire Five Million (5,000,000) shares of common stock into the authorized but unissued treasury of the corporation. Furthermore the shares were fully owned and held by Irving Minnaker and have been loaned and retired into treasury in order to facilitate pressing business matters.

shareholder Mark Vuozzo loan and retire One Million Seven Hundred Fifty Thousand (1,750,000) shares

shareholder Steve Conboy loan and retire Twenty Three Million Four Hundred Eighty Seven Thousand Nine Hundred Two (23,487,902) shares

that happened only 2 weeks after this:

RECENT DEV EL OPMENTS

Stock Based Compensation

In response to an SEC comment and in accordance with ASC 718-20-35-9, the Company will recognize $3,549,000 stock compensation expense on April 30, 2013. The adjustment will be as stated below and incorporated in our upcoming fiscal year end 10K filing:

Dr. stock based compensation $3,549,000

Cr. Additional paid in capital $3,549,000