Replies to post #3965 on Eco Building Products Inc. (fka ECOB)

[Cobra Kai]

thank you for the update on that jaypequa!

[bol23123]

isnt it illegal for brokers to post on a stock they are trading???






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[hometownJOE]

From the looks of it, they're not converting. Only convert when things look bad and cannot get money out otherwise. With the stock moving up rapidly, my guess is that they have good news coming on the capital front (at least enough to convince debt holders not to convert).

Since ECOB doesn't have a PIPE in force, the only flood of new shares would have to come from converts. In absent of flood, supply should dry up and thereby increase the demand for shares in circulation causing price elevation.

Still, all this is just plausible speculation. I am waiting on the sideline again for another profitable trade here.

[SYTI]

jayp, your post on yahoo doesn't seem as rosy as your usual posts?? This is a response to the new authorized to 950,000,000 ! (kinda seems like things I mentioned and you disputed....what up?

smallcaptrdr24 • May 15, 2013 4:58 PM

if they don't approve it the company cannot raise capital and goes bankrupt. Debt is NOT available. MRL has all the assets of the company tied up with their $5M debt, company cannot get secured debt. You cannot get unsecured debt without the debt being convertible so you need shares available. Proxy needs to happen to survive but that also means stock will get pounded again.