Replies to post #16025 on Eco Building Products Inc. (fka ECOB)

[Ed the Trader]

"Revs for 3 months were 875K however product costs were 780K...gross NET was 95K for 3 months
Also, as per last K Home depot was not even 50% of their sales generated.... HD sells more anal suppositories then Redshield lumber... lol
with 3 months operating expenses of 1.4M, tax and payroll arrears of over 3M.... there isn't enough HD (or all big box retail) in the world to get Eco out of this massive debt. Good product but horrendous business plan and horrendous CEO with zero business sense!

Eco is a bad accident that somehow you cant stop watching as what will the idiot CEO pull off in his next scam...should be a reality show!

If they are really netting 95K per quarter selling actual products, it is not really fair to call this a scam.

The company may be suffering from poor management or a bad business plan but still is making a legitimate attempt to produce a profit. That is not the same thing as a typical OTC Pink scam where the only business that is truly intended is the business of extracting money from shareholders.

If Eco can manage to convince Home Depot to continue to stock it's products AND expand into other Home Depot stores, there is a path to profitability. I don't know how much of those operating expenses are fixed costs and how much are variable costs, but if they can keep the variable costs down, they are not that far from reaching income levels that will cover their current operating costs. They are only in 57 Home Depot stores right now. One large metro area has that many Home Depot stores so getting 20-40X stores to carry their products, and therefore, getting a 20-40X bump in revenue is completely doable.

If all of their operating expenses were fixed costs, and they are not, a 15X bump in net would get Eco to profitability.

[ChuckCheese]

yes, GROSS REVENUES. what is gross net? i have never heard of that "accounting" term. did you make that up?