Eco Building Products Inc. (fka ECOB)

[archie09]

One of the things i have thinking about is the coming CREDIT CRUNCH when the FED raises rates, i have been rotating out of cash strapped companies and into companies with a healthy balance sheet, because it is going to be really hard to get VENTURE CAPITAL in the coming months....would love to be in the room when THE CEO comes calling for INVESTMENT CAPITAL...."Good morning Mr. CEO, first we would like to see a current BALANCE SHEET to estimate the VALUE of your company"....CEO: "Uh..er...ummmm...we dont have BALANCE sheets , it's all right here in my head"..."OK Mr. CEO, then just simply give us Your current QUARTERLY REPORT, so we can check the tangible assets of YOUR COMPANY"....CEO: "Uh...hmmmm...errrrr....We stopped filing quaterly reports 2 quarters ago"....Ok Mr. CEO, then i guess we will just have to get a look at the PROPERTY DEEDS and Bank Accounts associated with your COMPANY"....CEO: "Whew...uh...yaaaa....well we DONT OWN ANY BUILDINGS and we havent had any CASH in 6 Months...we dont even have a bank account....BUT WE DO HIRE VETERANS!"