Replies to post #15859 on Eco Building Products Inc. (fka ECOB)

[Long-vestor]

Scam fixed books. The ConMan used convertible preferred share calculation outstanding @ .001. and placed on the balance sheet as $108.


"Preferred Stock, Series C, $0.001 par value, 120,000 shares authorized, 108,077 shares issued and outstanding at Sep 30, 2014
$108"

However here's their little BS trick revealed:

" The Preferred C Stock shall have a liquidation preference equal to the stated value of each share of Preferred Stock or $100 per share."


108,077 x 100 = $10,807,700

Now place that inside the balance sheet as it should have been in the first place, verses that BS value of $108

"Total other income (expense) 1,806,321"

$10,807,700 -1,806,321 = (9,001,379)