A post from Yahoo...interesting
Reading Conboy's shareholder "update" is like a nauseating game of "story time" with millions of dollars on the line. A few "clarifying points" for the investing public:
1. Eco isn't "moving out" of their Colton, CA coating facility. They were evicted and leave a six-figure-past-due-rent jet vapor trail of their crash and burn saga.
2. Eco has also been evicted from their Salem, OR facility.
3. Eco's misrepresentations about their financial state and liabilities is likely in violation of several parts of the Home Depot Code of Supplier Conduct...
Interestingly enough, Eco's inability to pay core vendors and their near-million-dollar liability in past-due rents has been "left out" (or intentionally omitted) from their 10-Q and 10-K filings. From what I hear, this isn't a new issue for Eco either.
The garage salesmen of Wolf of Wall Street wouldn't touch this stock with a ten foot pole. Less
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