Eco Depot (OTCMKTS:ECDP) Closed Wednesday At $1.36 As Company Rides Green Wave With Eco-Friendly Specialty Paint
Eco Depot (OTCMKTS:ECDP) is stressing success of its ‘Bronya Climate Shield Thermal Paint’ coating line — as part of its ESG green-friendly strategy to cut up to 40% of energy costs for its clients. This development stage company says in the SEC filing it will fund capital shortfalls for the foreseeable future. It closed Wednesday night at $1.36 per share and average volume trading levels of 107,703. It secured a round of $1 million financing in the Q1 period, reinforcing that strategy. This is a progressive company intent on saving the planet one specialty paint coat at a time. ECDP is in a world of incubating and investing in eco-companies and buying/selling carbon credits for green companies and managing eco-friendly real estate assets.
The ‘Bronya Climate Shield Thermal Paint’ is part of a series of consumer-friendly, specialty paint products — Bronya Classic, Bronya Facade, Bronya Aquablock and Bronya Fire Retardant. The line promises climate shielding for exteriors, fire resistant coating, waterproofing and extreme insulation. ECDP plans a global marketing effort as it intensifies its focus on this ready-to-use line, designed to make buildings green and reduce carbon emissions. Its next issue is how to commercialize it on a global scale basis.
ECDP is a development stage company with a 52-week stock trading range of $0.0120-$5.5800. Its Q1 2021 SEC filing details how volatile its stock range can be. With a reverse stock split at the end of 2020 and a series of debt conversions and settlements, ECDP had a shareholder deficiency of $6,518,941 for the three month period with an accumulated deficit of $1,526,614
However, it has a policy of funding fiscal capital shortfalls itself and attempting to commercialize its consumer products specialty eco-paint. ECDP’s priorities are acting as incubator and aiding under-compliant companies finance eco initiative with the carbon credit system. It has adopted an ESG synergistic approach to protecting the environment.
