EFuel EFN Corp (EFLN)

[Oz the OK]

Dilution?

I'm trying to do a little DD on this company today, and I have some questions. The main one is, does anybody else think they are diluting this stock?

On April 1, the stock price was .0015. Since that date, there has been a huge increase in monthly volume.

APR - 316.72 million
MAY - 424.41 million
JUN - 107.42 million (through 3 days)

The 6 months prior to April, the monthly volume was averaging 40.63 million per month.

With that kind of volume, this stock should be much, much higher, yet here we sit today at the same price, despite 848 million shares traded.

I can't find ANY recent filings on this company over at the SEC (a D filing a year ago, and then nothing back to 2007). Over on the Pinks it's a non reporting company, it's just a hair above being a Caveat Emptor stock...so where does that 400 million OS share number I keep reading about in here come from?

I'm long as per a couple of days ago and have a couple of ticks profit so far, but this thing sure does smell of dilution going on...maybe one of the reasons it can't break above the .0017 mark?

Any thoughts?