SEC SUSPENSION
https://www.sec.gov/litigation/suspensions/2018/34-82918-o.pdf UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
March 21, 2018
In the Matter of
Efuel EFN Corp.
File No. 500-1
ORDER OF SUSPENSION
OF TRADING
It appears to the Securities and Exchange Commission (“Commission”) that the public interest and the protection of investors require a suspension of trading in the securities of Efuel EFN Corp. (“EFLN”) (CIK No. 0001302298) due to concerns about the accuracy and adequacy of information in the marketplace about, among other things, the company’s status with OTC Markets Group Inc. (“OTC Markets”) as stated in a press release issued on March 19, 2018.
EFLN is a Florida corporation with its principal place of business located in Wildwood, Florida with stock quoted on OTC Link (previously “Pink Sheet”) operated by OTC Markets, under the ticker symbol EFLN.
THEREFORE, IT IS ORDERED, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the securities of the above-listed company is suspended for the period from 9:30 a.m. EDT on March 22, 2018, through 11:59 p.m. EDT on April 5, 2018.
By the Commission.
Brent J. Fields
Secretary
GREY MARKET https://www.otcmarkets.com/stock/EFLN/quote
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1212 South Main Street Wildwood, FL 34785-9404
eFUEL EFN CORPORATION Shareholder Update Press Release | 03/15/2018
WILDWOOD, Fla., March 15, 2018 (GLOBE NEWSWIRE) -- Via OTC PR Wire -- eFUEL EFN CORPORATION (OTC:EFLN) has been working non-stop and the company has many catalysts. We at "EFLN" are putting a great plan together to build more revenue, profits, and shareholder value. Three large initiatives the company has been working on are as follows:
*EFLN is working with Euro American Finance Network (EAFN) to get finance for construction projects in several phases
*CE removal
*Uplist to a higher exchange
The company EFLN Gold Coin mould is completed, and the pre-orders are getting ready to be delivered. As you may know, the company is currently working on an online payment system and also integrating with LitePay using Blockchain technology.
The company also believes its price is being manipulated by “naked shorting” from the Market Makers. The lawyers are investigating trades by the Market Makers, especially trades from these past few months. In addition to this, the company is looking into investigating several members of the IHUB EFLN Message Board for continuously posting erroneous and negative statements about the company and its leadership team.
Lastly, the company’s legal team is still in the process of trying to get the Caveat Emptor removed by Otcmarkets. The necessary paperwork has already been filed. “The company finds the delay in the removal of the Caveat Emptor unacceptable,” states eFUEL’s CEO, Ljubica Stefanovic. She continues, “The company and shareholders deserve better service from Otcmarkets!”
As a reminder, the Stefanovic families continuing to purchase outstanding shares until holdings reach 90% of the outstanding shares and also the company has 1.6 billion shares that are restricted to $1. EFLN is also planning to uplist to higher exchange in the near future. More details to come.
Forward-Looking Statements:
Statements in this press release that are not statement of historical or current fact constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company’s actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as “believes,” “belief,” “expects,” “expect,” “intends,” “intend,” “anticipate,” “anticipates,” “plans,” “plan,” to be uncertain and forward-looking. The forward-looking statements are also subject generally to other risks and uncertainties that are described from time to time in the Company’s filings with the Securities and Exchange Commission.
eFUEL EFN CORPORATION
EFLN Investor Relations
www.efuelefncorporation.com
Ph: 352-399-6278 efuelefn@yahoo.com