Replies to post #4435 on Eco Building Products Inc. (fka ECOB)

[Long-vestor]

Redwood's contract with MRL is to be paying monthly installments until the whole 10.5 mil is paid off, SO!!

what's on the table currently is 5 million bucks

On May 31, 2013, The Company (“ECOB”) entered into a Securities Settlement Agreement (the “Agreement”) with Redwood Management, LLC (“Redwood”). Terms of the Agreement are as set out below:


1) The Principal value of the note is Five Million Dollars ($ 5,000,000.00) with an annual interest rate of 12%. The term of the agreement is twelve months.

(i) US$350,000 payable upon execution of the Agreement;

(ii) US$125,000 payable on each of 17 June 2013, 15 July 2013 and 15 August 2013, unless the Authorization Event (as defined in (iii) below) has previously occurred;

(iv) US$300,000 per month commencing on the earlier of (a) the 15th of the month (or the next business day thereafter, if such date falls on a Saturday or Sunday) following the Authorization Event; or (b) 15 October 2013, and continuing until the balance of the Aggregate Consideration has been paid to MRL. In the event that ECOB repays any or all of the Debt, 100% of the proceeds received by Redwood with respect thereto shall be immediately paid to MRL, up to a maximum of US$3,300,000.

where does ya thunk redwood will get dem dar payments for MRL at??

Can you say, ECOB, Dilution??

This is only half of the whole debt owed to MRL,, there's another 5 million..

Regardless, if REDwood, as in RED stock,, gets shares from Conboy at their normal rate,, this first tranche should mean that, Redwood sells the dilution at 3-4 times what they expended!!

[j45]

Remember LV MRL wrote off some of this deal you cant have Both, 10mil and the write off.

think it over now