EFuel EFN Corp (EFLN)

[Mondragon]

Oh man. Looks like they never actually repurchased common stock, like they said.

I have reviewed the Issuer's shareholder list and transaction journal. Also, I have specifically reviewed the item regarding Purchases of Equity Securities, of the Issuer, by the Issuer and Affiliated Purchasers. Neither the Issuer itself nor any affiliates purchased any of the Issuer's equity securities of any class or type, including warrants, in 2014.

From the attorney letter recently filed
http://www.otcmarkets.com/financialReportViewer?symbol=EFLN&id=140770

The company holds 25,900,000 shares, though.

EAFN is the only beneficial shareholder, owning 613,500,000 shares. It's not made clear if those shares are included in the 724,727,308 restricted shares.

Also, EFLN is also not DTCC restricted[chill].

Mostly good stuff. It's disappointing to finally know for a fact that when they were claiming to buy shares of common stock, they in fact were not.