Replies to post #14309 on Eco Building Products Inc. (fka ECOB)

[Long-vestor]

Not just back taxes of company without notes to be paying it down, rather, double time dilution with two MM's at the dumping helm for 6 months!! WITH weekly reloads!!

Bouns points for Toxic dumping!!
each of Dominion and Redwood have the ability on up to twenty (20) distinct occasions to calculate the Conversion Price using the following formula: 60% of the lowest VWAP during the 60 Trading Day-period


Just incase anybody's wondering, there's 54 weeks in a year, that's 27 in 6 months, and both redwood and Dominion are graced with 20!!?? they must be cheering!! Screaming! "Short that MoFO dump pump and run! Woo Hooo!! "



Adding in the IR's dump, and company dumper BMAK it's a dumbution dump fest party!! for 10 BILLION SHARES!!


at a conversion price equal to 60% of the lowest VWAP during the 30 trading day period immediately prior to the applicable conversion date, subject to adjustment (the “Conversion Price”); provided, however, that each of Dominion and Redwood have the ability on up to twenty (20) distinct occasions to calculate the Conversion Price using the following formula: 60% of the lowest VWAP during the 60 Trading Day-period immediately prior to the applicable conversion date,

Couldn't be more clear!!

http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001409885&owner=exclude&count=40&hidefilings=0

bonus points, link to last 8-k:

http://www.sec.gov/Archives/edgar/data/1409885/000114420414035548/v380637_8k.htm

Quote:
--------------------------------------------------------------------------------

Series C Preferred Stock Financing



In accordance with the Agreement, the Company agreed to designate and issue to the Investors up to 34,000 shares of Preferred Stock, for an aggregate purchase price of up to $3,400,000 (the “Financing”) which are convertible into shares of the Company’s common stock (the “Common Stock”). The initial closing of the sale of these securities took place on June 3, 2014 (the “Closing”).



Subject to certain ownership limitations as described below, shares of Preferred Stock are convertible at any time at the option of the holder into shares of Common Stock (the “Conversion Shares”) at a conversion price equal to 60% of the lowest VWAP during the 30 trading day period immediately prior to the applicable conversion date, subject to adjustment (the “Conversion Price”); provided, however, that each of Dominion and Redwood have the ability on up to twenty (20) distinct occasions to calculate the Conversion Price using the following formula: 60% of the lowest VWAP during the 60 Trading Day-period immediately prior to the applicable conversion date, subject to adjustment as set forth in the Agreement. The shares of Preferred Stock are convertible into Common Stock by dividing the Stated Value (defined below) of such share of Preferred Stock by the Conversion Price. The Conversion Price is subject to adjustment in the case of stock splits, stock dividends, combinations of shares and similar recapitalization transactions and any issuances of securities below the Conversion Price. Subject to limited exceptions, holders of shares of Preferred Stock will not have the right to convert any portion of their Preferred Stock if the holder, together with its affiliates, would beneficially own in excess of 4.99% of the number of shares of the Company’s common stock outstanding immediately after giving effect to its conversion. In addition, the Investors, together, may not convert into or otherwise beneficially own in excess of 9.99% of the number of shares of the Company’s common stock outstanding immediately after giving effect to its conversion.

[Black Beerd]

Who gives a rats rear about arrangements anyway...the facts are this...this guy has rotten and despicable unpaid tax debt that is out of control...were talking payroll. The fact is that it tax debt...unpaid and shows up on the books...and you can try and make it all so nice with this speculation of that there is a "possible" pay back schedule and its between them you want it changes nothing...Until its paid back its despicable debt and its public UNPAID tax debt. That's what you are trying to avoid saying. Perfume and lipstick won't cover the stench of that PLUS all the other debt load accrued. This guy can't afford a candy bar out of the company cash drawer and that's also a fact...balance sheet proves everything. Your speculation and commentary on this implied secret supposedly tax payback arrangement is hogwash. When you can't cover a purchase order without going to a loan shark lender to secure the order its as bad as you can get. That debt he has will always be public and when its made public that's the amount he has and so I could care less about the conspiracy theory of this clandestine payback schedule....that doesn't exist the tax debt line item exists. If it had a payback you would see the millions go down...THEY HAVEN'T ...as a line item you would see the debt and it would be identified as such...just like it is currently. So no need to bang on anything.

ROFLMAO : aka knocked out

Chin Up!