Replies to post #15706 on Eco Building Products Inc. (fka ECOB)

[ChuckCheese]

Other Income (Expenses) - For the fiscal year ended June 30, 2014, total interest expense was $18,113,022. Of the total interest expense $14,656,639 was the initial interest expense on the value of the derivative (excess). The remaining interest expense of 3,456,383 is interest on the convertible notes and interest to secured promissory note holders. The Company recognized $8,317,610 gain on derivative due to change in the fair value of the derivative liability for the fiscal year ended June 30, 2014.

[Black Beerd]

First of all is anyone here surprised? Hope not.

Second, the be all to end all order from Home Depot... ahhhmmmm ahhh there is your measure of the FLUFF put out, the toothless monster lol. It was more about that order to the unsuspecting then it was ever about the details of that order ..oh like profit selling margins etc.

Now lets do a little math

"rent of $887,639"

How many employee's 3-4-5? maybe... that's almost $74k per month rent. Yup...you can read it again...$74k not a year... PER MONTH.

Should we go down the long list of what mansions, castles, Islands in the Caribbean and the presidential suites in any city in the world you can rent for 74K per month?

My guess is that's got to be a CEO office of amenities that make a guy pretty comfortable considering a dog house might be over stating what he should be in with his measurable results/balance sheet. Wonder where the money went.... move on next to G&A expenses... break that down into monthly expenses. Looks like a Berkshire Hathaway salary structure. LOL

That's just plain UGLY any way you look at this.