ECOB closed up 333% on MONSTER volume!
After ECOB released their PR today, the stock shot up and traded over 920 MILLION shares!
Check out the PR here:
On February 10, 2014, Eco Building Products, Inc. (the “Company”) entered into a second amendment (the “Amendment”) to supplement the terms in the most recent Supplier Buying Agreement dated November 4, 2014 (the “Supplier Agreement”) with The Home Depot, a Delaware corporation (“Home Depot”). Prior to this Amendment, the Company and Home Depot agreed to an initial ninety (90) day pilot test to sell the Company’s products in ten (10) Home Depot retail stores located in the Northeast United States (the “Initial Pilot”).
Pursuant to this Amendment, the Company and Home Depot agreed to expand the sale of the Company’s products from ten (10) stores in the Initial Pilot to one hundred and four (104) Home Depot retail stores located in the Northeast United States (the “Second Pilot”). Moreover, unlike the Initial Pilot, the Second Pilot is not limited to ninety (90) days, but is for an indefinite period. In Connection with the Amendment, Home Depot will have the exclusive right in the United States and its territories and possessions to sell the Company’s products.
The foregoing descriptions of the Supplier Agreement and Amendment do not purport to be complete and are subject to, and qualified in their entirety by, the full text of the documents filed as Exhibits 10.1 and 10.2, respectively, which are incorporated herein by reference.
About ECOB: ECO Building Products, Inc. (ECOB) is a manufacturer of wood products treated with an eco-friendly chemistry that protects against fire, mold/mycotoxins, fungus, rot-decay, wood ingesting insects and termites with ECOB WoodSurfaceFilm and fire retardant coating). ECOB’s newest product, Eco Red Shield also serves as a fire inhibitor protecting lumber from fire, slowing ignition time and reducing the amount of smoke produced. The Eco Building Products line includes dimensional lumber, wall and floor panels, I-joists, GluLam Beams, laminated veneer lumber (LVL) beams, truss lumber and trim. These products can be coated at its production facilities and at the mill or distributor with its formula and coating machines. Its products include Eco Red Shield, Eco Clear Shield, Eco Blue Shield, Eco Shelter, Eco Cabinets, Smart Components Seismic Walls, Eco LVL Beam, Eco I Joist, Eco Corbels, Eco Trim, Eco LVL Studs, and Calvert Curved Beams.
You might also want to take a look at the chart!
There was a HUGE spike today but before jumping the gun, sign up to our FREE newsletter to get the full story!
As you know after a big jump like this stocks like to digest and get the weak hands out so we can see some profit taking here.
Relax and see what ECOB does tomorrow before making any decisions.
If ECOB is going to continue trying to reach the 52 week high, there will be more opportunities!
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