"I remember watching him speak in front of the United Nations panel and was very impressed trying to teach them how important defensive build is"
BUT afterwards Conboy got his Redsauce booted out of HD because they found out the "ACCREDIDATIONS" he supplied were FALSE. Termite claims bogus, used old fire tests from previous supplier as his own reversed fire blend failed.
THEN he got booted from his own company.
SO GLAD he has another chance to prove himself here. Pretty sure he has changed :-)
Item 1.02 Termination of a Material Definitive Agreement
On May 1, 2015, Eco Building Products, Inc. (the “Company”) received a letter from The Home Depot, Inc. (“Home Depot”) that the Amendment #2 to The Home Depot Supplier Buying Agreement, dated as of February 10, 2014 (the “Agreement”) was terminated. Home Depot will continue to sell through any Company products remaining in their stores but as of May 11, 2015 (the “Termination Date”), any pending purchase orders would be cancelled.
Conboys stated reasoning LOL
The Company believes that the termination of the Agreement is amicable and in line with its current business strategy, which is to focus on Coating Service Only (“CSO”) opportunities affording higher profit margins without the cash burden to perform lumber purchasing and trading. We hope our protected lumber ends up in Home Depot again in the future through one of the lumber traders or producers whose lumber we perform CSO.
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