Replies to post #413 on Eco Building Products Inc. (fka ECOB)

[alien42]

I think conboy is a badass blue collar worker. He is hands ON
more than I can say for the majority of CE0's

Conboy may be "a badass blue collar worker" who is "hands ON" but he has yet to prove himself as an effective CEO of a publicly traded company.


what does one make of the recent sec filing? /warrants
that is new to me. But seems more strategic and less harmful to existing holders

the warrants are dilutive but the A/S remains at 100 Million. i will reserve further judgement for now.


seeing as how conboy is majority holder, I venture to say he will protect his interest???

Conboy is making money no matter how well the company or the shareholders fare. it is anyones guess how much money has pocketed in the following transactions...

"In 2009, the Company purchased coating machines totaling $477,294 from two related entities that are controlled by the Company’s President, who is also a majority shareholder. The Company also made $339,119 in equipment deposits to these same related parties for the manufacture of four new coating machines. Approximately 96% of the Company’s Property and Equipment has been purchased from related parties.

During the quarter ended March 31, 2010, the Company made inventory purchases totaling $400,885 from a company controlled by the Company’s President. 63% of the Company’s inventories have been purchased from this related party.

In January 2010, the Company entered into a lease of a manufacturing facility in Colton, California for 9 months. These facilities were previously leased and utilized by a company controlled by the Company’s President and majority shareholder.

During the quarter ended March 31, 2010, the Company issued 3,000,000 shares of the Company’s common stock for strategic consulting services valued at $1,140,000 to an individual that is a 49% owner of a company controlled by the Company’s President."


fwiw, i have followed EcoBlu since the reverse merger when ECOB was birthed. i believe in the technology but i have been around long enough to know that doesn't mean squat without the right leadership and a little luck. while i hope for real long term potential here, ECOB remains a trading/flipping stock.