1 month: -59%
3 months: -75%
6 months: -80%
1 year: -88%
2 years: -95%
Since inception: -99.53%
Anybody can sell at a loss. THAT is the only way Steve knows how to sell.
The 10-Q states the facts. It is fugly.
Wow! Revenues dropped 62% when compared to the same quarter in 2012. How is that possible when they have signed up how many Home Depot stores with the wonderful Eco Red Shield?
"Revenues and Cost of Sales - For the three months ended September 30, 2013, we had total revenues of $403,050 from product sales, as compared to $1,060,424 in revenues from product and equipment sales for three month period ended September 30, 2012."
What a great Home Depot program! EcoBust could not be doing better! You should buy this stock!
Gee, how many times has that been proclaimed about this stock? The chart says it all. It has been and will be a long slide down - as slides usually go down.
Another press release today of limited significance. This is the only company that I know that puts out a press release with every order.
"Sold a bundle today! Go me!"
Great buying opportunity. Good call.
The buying opportunities just keep coming. Now, the selling opportunities are a different story.
How much of this $4,223, 360 ended up in Conboy's and Vuozzo's pockets:
"other general and administrative costs of $2,744,135 and professional fees of $1,479,225."
Were their other shadow companies recipients of consulting fees? Inquiring minds want to know.
Conboy only knows how to sell at a loss. Operating Expenses were more than double sales. Way to go Steve! You are an inspiration to all snake oil salesmen.
"For the fiscal year ended June 30, 2013 we had total revenues of $5,220,121 from product and labor sales, as compared to $3,723,374 in revenues from product sales for the previous year."
"For the fiscal year ended June 30, 2013, our total operating expenses were $11,513,789 as compared to $9,254,740 for the fiscal year ended June 30, 2012."
This is old news.
So, the goal is the dilute the heck out of the shares, bringing down share prices dramatically. Then, they will try to uplist?
Did this sound like a good idea the first time you thought of it?
Amazing how Steve slips this "minor" detail into the latest press release:
"On August 21, 2013, Eco Building Products filed a Form 8-K with the SEC announcing the Engagement of a New Independent Registered Public Accounting Firm. As a result the Company has filed an extension to file its Form 10-K. Management expects the filing to be made within the next week."
Anybody can sell at a loss. Steve is the king of selling at a loss. The more he sells, the more he loses.