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Yes...we did go over this before...and obviously you didn't comprehend.
A couple of PR's stated their background checkers and iPhone app were EFLN's properties. However, some of us did a little deeper DD than to just buy into what the PR's stated. We ACTUALLY USED THE SERVICES.
And guess what? Payment went to INEX Solutions, Inc., NOT EFLN. INEX is a separate company, a private company. It's revenues have ABSOLUTELY NOTHING to do with the balance sheet of EFLN.
Now EFLN released one of their "came to an agreement" PR's this spring, stating that they were going to buy 30% of INEX...but there is no proof that ever happened, and then Cillo let is slip recently that it never occurred.
And I'm not trying to kill this. The company is doing a fine job all by themselves with their lack of products, lack of transparency, lies, bogus PR's and constant dilution to be the killers. All I've ever pointed out, was why you were losing money, and why you should try to save whatever is left in your position.
Gotcha...Franks a liar, so we shouldn't believe him about selling his shares...but now if only Frank would release a PR, then we'll believe him, the stock will rebound, and losses will be finally reversed. You don't need to sell me a bridge. It looks like that would be a second hand sale.
Hey...have fun. I and a few others tried to warn people in here what was going on with this company two months ago. Looks like the only people left in this thing, are those trading on prayers and hope...kinda like a blackjack table in Vegas, where everybody is down to a couple of $5 chips...but they know that any second now, they'll get that perfect 10 rich deck and be right back in the game.
LOL...the Shorts are destroying this company?
THEY'RE DILUTING. The last three trading days, almost 70 million shares traded, compared to about 25 million total for the prior 7 days to that. It hit new all time lows. Even as I type, a new all time low bid of .0002.
They HAVE NO REVENUE...because, they HAVE NO PRODUCTS. THEY DON'T OWN THE BACKGROUND CHECKER OR IPHONE APP. How friggin' difficult is that to comprehend?
Frank won't answer inquiries any more. Cillo won't answer his phones. Ole Broke Azz discovered Frank was selling his shares, so OBA had the smarts to see the writing on the wall and got out. Smitter bailed a month ago. I bailed a couple of months ago. Other's are bailing to try and save...something, anything, even if it's just a couple hundred bucks.
This POS is not going to bounce. These crooks have used EFLN for one purpose...to sell shares. That's all they've done since Cillo took over this company in 2008. 1.5 BILLION shares unloaded since then. All they do is increase the A/S, dilute, then eventually R/S.
Solid company? How did you come up with that? They're a non-reporting company. NON-REPORTING means nobody has a frigging clue what the balance sheet or profit/loss statements are. It's a guess, a dartboard. Their PR's have been nothing but pure BS. They never bought that 30% of INEX, yet all their PR's were tied to revenue for the assets of INEX. EFLN doesn't have any income producing assets...those old dating websites are dead. Just how stupid do people have to be to think revenue for one company is revenue for a totally different company? That's why the stock stopped popping on all PR's since June. Smart money saw right through them.
With no financials to go on, you are left with just reading the market action. Well, they've been diluting the snot out of this thing all summer. Look at the charts. A slow decline as those 300,000,000 more authorized shares from June have been slowly, methodically, week by week, diluting the float...5 million here, 10 million there, probably about 30 million the past two days.
I read the newbs in here claiming that with only 750 million A/S, a squeeze will soon happen. Sorry, the last time the A/S was 750,000,000 and close to maxed out, they increased the A/S to 980,000,000...and when that got maxed out because of the continued dilution, they R/S it. They were all set to R/S it again in June, but with the price around .0020, it was better to increase the A/S and dilute more for the summer; they'd get more revenue for the dilution with the price higher.
If people in here think the price can't really go any lower...go ahead and hold onto this POS. Then when they R/S it yet again, you'll see what pain is like. It's scam crap pinks like this that turn positions with millions of shares into one with just a couple thousand; and thousands of dollars into pennies per $100.
Frank selling his shares should have been the biggest read flag witnessed all summer. If the rats are abandoning the ship...what does that tell you about the ship?
All anyone has to do is look up the history of this company since Cillo got a hold of it to see what a stock selling machine it became.
9/24/97 Company formed as shell corporation by Eric P. Littman in Miami. Incorporated as October Project II.
50,000,000 A/S
7/19/00 Shell company bought by Paul Simmons. Named changed to Nutracuetical Clinical Labs, Inc.
10/12/01 Company merged with another corporation, renamed Nutracuetical Clinical Laboratories International, Inc.
4/28/03 Gary Harrison assumes control of company
6/12/03 Name changed to Preservation Sciences, Inc.
9/27/06 A/S increased from 50,000,000 to 75,000,000
4/1/07 A/S increased to 150,000,000
ENTER CILLO
1/28/08 Name changed to Efuel EFN Corporation
A/S increased to 300,000,000
7 months later...
8/15/08 A/S increased to 750,000,000
2 months later...
11/7/08 A/S increased to 980,000,000
5 months later...
4/22/09 40-1 R/S announced for June.
6/1/09 R/S occurs. A/S down to 24,500,000
4 months later...
10/08/09 A/S increased to 450,000,000
6 months later...
4/30/10 Board votes for ANOTHER 40-1 R/S to occur in June
2 months later...
6/24/10 Due to shareholder uproar, R/S is canceled. Instead, A/S is increased to 750,000,000
This POS is nothing but a stock printing machine. In the first 9.5 years of this company's existence, the A/S was raised by 100,000,000 shares. In the 2.5 years since Cillo and his cronies got their mitts on the thing, over 1.5 BILLION shares have been issued.
Good luck. A new, all time closing low today, but hey, at least we heard from Frank and Cillo...and they have all sorts of news to announce in the near future for us...just like they have been doing for 2.5 years now. All ya gotta do is put faith and hope in their honesty and integrity. They wouldn't lie to you, now would they?
Ah...the mysterious Synergy Corporation, headed by Ed Walls. Now they have a website. I wish EFLN was a bit more transparent on what gives with this company.
Traditionally, yes it is. It's the last month to squeeze in a summer vacation for most Americans, so they are not at their computers (and Wall St. has a tendency to go party out in the Hamptons in August, which cuts down a lot of trading too), plus large expenditures are going into the upcoming school season from grade school supplies/back to school clothing, to college fees...and for many years, late Aug/early Sept. was when upcoming new year model cars were introduced in the showrooms, creating money flow into car purchases and not stocks. However, every now and then, you get a year where August has a late summer rally.
Unfortunately, September, followed by October, are two of the worst months for crashes and down markets. September can be very volatile. November and December can be recovery and up months with what they call a "Christmas Rally".
Ok...who was the big spender that coughed up $60 for the ONE trade today?
LOL...$1.25!!!!. That would put the market cap on this company at over 2.1 BILLION. The market is pricing it (market cap) currently at around 1.3 million. Just to get GERS up to a 100 million dollar company, the share price would only be just under .06 per share.
That's some serious wishin' and hopin'.
What? I've been trading in and out of this thing from March till the end of June...made some good money flipping it many times, and now that I think the well has run dry since the last R/S, you think I'm now a paid basher?
Just because somebody in here posts info or opinions contrary to your position, that doesn't make them a basher. If anything, labeling someone a basher, is just an excuse for denial..."That guy is posting stuff I don't want to hear or accept...so he must be a paid basher!"
Can this stock pop? Sure it can, it's a stinkie pinkie. But IMO, it's gonna be very difficult because this company has used up it's PR Bullets. It cried "Wolf" too many times with PR's that were filled with absolutely nothing. I still think it's heading to another R/S in a few months. That opinion doesn't make me a paid basher...it makes me a trader with an opinion.
Now if they were to release a PR tomorrow that has substance and real numbers in it, not only would I buy back again, I'd be pumping the crap out of it...but I don't believe they can do that, and I have a right to post in here why I don't believe they can do that. Capiche?
lol...that's NOT owning 30%. That's merely intention. An agreement to buy, is not the purchase. Signing the contract for the purchase and the exchange of funds for that purchase is when the transaction is complete. I can agree to by a new car with a dealership...and they can take out a front page ad and announce to the world that I'm going to by a new car from them, but until I sit down and actually sign the contract, I don't own that car.
See...that's been the problem with this POS since July. They have all these "agreements"...but that means absolutely diddly squat in the world of business. The agreements have to be followed through with the actual contract sale...and when it comes to that little fact, they have no substance or credibility. Once time passes on one of these agreements where there isn't any contract...why they just release another PR with yet another agreement reached.
Again...this is why this stock is sitting in the cellar. Nobody believes their parade of agreements anymore, since none of them were followed up with a real contract.
Sorry...got stuff mixed up. EFLN has been releasing PR's about the iPhone app this entire year. Now go USE it. There's a real good place to start. It's billed to INEX SOLUTIONS. Why would an application being hyped by EFLN, be generating revenue for a completely different company? That should send up red flags all over the place. It did for the smart money, and they bailed on this thing, and that's why it's currently sitting around historical lows.
But does it belong to EFLN? Some of the PR's have the background checker belonging to INEX, some to EFLN. Is there one background checker being licensed? The iPhone app checker...INEX or EFLN? The PR you posted states EFLN, yet use the app, and it is billed from INEX.
Last reported revenue was from a year ago? Since EFLN is a non-reporting company, there is no records of revenue and expenses for anybody to examine. What is their revenue NOW? It is this muddled blending and vagueness of everything that has caused the markets to bail on this thing.
If EFLN would just clear all this crap up with some solid transparency...man would that help.
Their PR's are worthless now until EFLN announces that it did indeed purchase 30% of INEX Solutions, Inc. See...all the hype and hoopla the past 4 months, have been over products owned by INEX; the background checker, the iPhone app. EFLN doesn't have any products or revenue.
INEX is a private corporation, owned by some of the management team of EFLN. INEX uses the same office as EFLN, but it's a totally separate company. The stock price appreciated this spring and early summer when EFLN announced they "were in the process" of buying 30% of INEX, since INEX has revenues and EFLN does not. Each new PR caused a jump in price as the market factored in that EFLN would get a share of that pie. However, without any confirmation, ever, that EFLN did indeed go through and purchase that 30%, and there is no record of it being done anywhere, any PR now that hypes the products of INEX means jack to EFLN.
The current situation is like two brothers in business. One (INEX), owns a hot dog stand, and is making money selling hot dogs. The other (ELFN), owns a lemonade stand right next to it, without lemonade. The lemonade stand is trying to sell stock to investors, so it announces it's going to buy part of the hot dog stand. Then the two brothers release news together about all the great stuff the hot dog stand sells. However, when it becomes obvious that the lemonade stand never did buy part of the hot dog stand, the investors bailed in droves.
For this stock to go pop as so many in here would like it to do...releasing a PR that states the INEX buy has finally been confirmed would get the price moving up again. I'd gladly buy back in if that happened.
jetpilot1101 - I figured that. Thanks, GLTY.
Good luck to you my friend. I hope I'm dead wrong, and you are right, so you make out on this.
GLTA
I bought in May and June. I may buy again, after the next R/S. Maybe you don't need my "sorry speculations", but the emails of thanks in my inbox by others did.
It is no more speculation on my part than somebody who thinks that any day now, this company is going to change their previous behavior and suddenly turn into a profitable company instead of a share selling machine.
I post in here because I can. I was looking to buy back in for a quick flip. I dunno now...but I am still closely following this stock.
I held off from buying at .0010, and posted my reasons why.
I held off from buying at .0005, and posted my reasons why.
Now I'm leery of buying at .0003, and I'm posting my reasons why.
For the past 7 weeks, I've been correct. I'm all for people making money...and I'm also a huge proponent of people not losing money too. If any of my posts were a help to some people in their trades, that doesn't make me a basher.
I've stuck around and continued to post my observations/opinions which come with over 35 years of trading experience; meanwhile, the biggest cheerleader of this stock this summer, that so many followed, believed in and probably got stuck in the red with, has completely vanished...and I'm the bad guy?
It may not hit no-bid...but I honestly believe they will R/S it again...easily.
But if it goes to no-bid and then a R/S...the shorts win. So you have to ask yourself, who is in better position to win this battle, the MM's (who have millions of dollars to manipulate with) along with a company with a history of willingness to dilute, dilute then R/S ...or the small speculator hoping more speculation money forces a squeeze?
The ONLY thing that could bring in powerful fresh speculation money to force the squeeze, would be a PR from this company with REAL substance; proof of revenue, a signed contract, initial filings for a Pink upgrade, etc. But, if you check the history of this company, the odds of that happening are just about null. The more time that passes without any real news, the more likely this thing will go to R/S again this fall...merely delaying that original R/S of June 24 for a few months.
It is now at a price where it is VERY risky. A couple of ticks down can wipe out half to all of your investment, but it can also double it with a few ticks to the upside too. IMO, this is purely a flippers play now, not a short squeeze play.
You really can't apply Technical Analysis to this stock due to the manipulation. The only reason you had a doji today, was because somebody coughed up a whopping $32 in the closing minutes to buy at the ASK. If you look at an hourly chart, it traded down .0001 for most of the day.
However, there were many other indicators that are less bullish:
New all time low touched today at .0003. The past 6 weeks, whenever that has happened, it soon became the new floor.
32.9 million sells, only 7.4 million buys. Almost 5-1 sell to buy.
Finally, there has been huge volume since last THU, 140 million shares. They're diluting/shorting the crap out of this thing.
But that's the problem. TA is gagged, and CEO won't talk to anybody. This is a non-reporting, SEC Non Compliant company. So, the market is left with trying to figure everything out, blind, on it's own.
Nobody even knows if there is revenue with this company. All the hoopla about the background checker, and the iPhone app...well, those products are revenue for INEX Solutions, Inc., a privately owned corporation held by the officers of EFLN, NOT EFLN. EFLN was supposed to be buying 30% of INEX, but it was never confirmed nor are there any records that this occurred.
The only income producing assets EFLN does own, those gawd awful, 1990's web standard designed websites, are, according to the Alexa data; dead, dead, dead.
Normal daily volume has been in the 3-5 million range. Last Thu, we did about 40 million. Today, again, over 40 million. This stock should have moved up...but it didn't. Why? Because the dilution was providing plenty of shares to match the buys.
It wasn't flippers matching the buyers today, since this stock has been stuck around .0005 for weeks now. Flippers don't buy at .0005 to sell at .0005. Flippers had their day last Thu. when the stock did move up intra-day, but today, the dilution kept the stock price down in face of all of that buying.
All anyone has to do is look at the charts the past 6 weeks, then match the volume to the price to the day of the PR. It doesn't take a Rhodes Scholar to clearly see that this company is using these cheesy PR's to sell shares. With the float under a billion shares, this stock should easily be moving up on these PR's, but look:
June 30. Synergy Fluff PR. 44 million shares. Price drops .0004 to .0013
July 16. No PR. 43 million shares. Price drops .0004 to .0007
July 22. Unknown Staffing company Fluff PR. 18 million shares. Price drops .0001 to .0007
Aug. 5. BS PR about government markets. 39 million shares. Price moves up .0001 to .0006 (thanks to $50 buy in last seconds)
Aug. 9. Fluff PR for military discounts. 43 million shares. Price unchanged at .0005
In the last three trading days, over 90 million shares traded, and the stock price is unchanged? That strongly suggests of some dilution.
Also, they're running out of PR bullets. The markets are no longer bidding prices higher on PR's like they did this spring, mainly because the PR's are now full of worthless information; and the transparency between management and the shareholders has been totally absent if not insulting. Basically, this company has destroyed it's market trust.
Looks like they're diluting again. I'm guessing they unloaded about another 20 million today. Surprising though that they would do another fluff PR so quickly, just two days after the last one.
Getting your degree in trading can be the most expensive education you've ever had. The biggest learning curve IMO, is keeping the emotional genii locked in the bottle.
Here a couple of Ol' Oz's tried and true trading rules.
1) Never let emotion rule your decisions. Emotions can blind facts. Don't fall in love with a stock, don't dream of a stock bringing your fortunes and happiness. If you do, it will become a fickle mistress that will break your heart and steal your money.
2) Your trading discipline will make you a success, not any of the stocks/options/futures that you find and are traded. Learn to master that discipline. Set a loss limit and set a profit exit BEFORE you enter any position. Should the stock price move above your profit exit, let it ride, raising your exit point stop behind it. Learn to take losses if you are wrong. Think of a bad stock position as just a bad hand in poker. Fold and look forward to the next deal.
Keep your chin up Smitter my friend. I lost a lot more than what your 22+ million shares represent in my education decades ago...but I'll tell ya what...as expensive as my lessons were, this is still one blast of a way to make money. Everyday can be totally new and different. Remember the old trader's rule..."make sure you protect your bankroll so you can still play in the game".
GLTA
Huh? How did you come up with that? Where or how did you come to the conclusion I don't like it here, or shouldn't be here, or don't want to be in this stock? I've done quite a bit of DD contribution to this forum this summer. Some of it may have caused posters to do back flips if they interpreted it as positive, some get angry if it appears to be negative. I only try and point out the facts.
I bailed at the end of June at .0018. Some may know this in here, it's no big secret. If you were to review the date of my post when I bailed and put two and two together, you'd know the price. When some were buying at .0010, I stated I was still waiting. I wasn't convinced that was a bottoming price. I repeated that statement at the .0005 level. So this makes me a "basher"...because I'm waiting? My little ol' occasional posts in here and my lonely trading account sure isn't the driving force behind the price action on this thing. It's the dilution and the total veil of mystery and non-transparency by this company that is killing the stock price.
All I did today, was point out why this stock price fizzled. It was the third puff PR in a row...and the MARKET is no longer taking EFLN's PR's seriously. The masses of traders are now seeing right through them now.
I've made a lot of money with several small profits on this POS, trading it for 20%-30% gains after plunges.
Why is it, every time I do some digging on this company, and point out what I discovered, it's labeled bashing? I merely pointed out that today's PR was basically...nothing. There was NO GOVERNMENT CONTRACT. This is a truth. There was no contract at all as a matter of fact. It was just another gentleman's agreement between EFLN and yet another small, no-name, one man front company...just as the previous two PR's were.
Some of us are making money on this stock. It's good for 20%-30% flipping. Do that several times, and you will have a nice brokerage balance. I doubt if it will ever go "MOASS KABOOM" as one of our posters is found of proclaiming. It will most likely go no-bid R/S first, since it doesn't have any revenue.
I post in here for the benefit of everybody trying to make money on this thing. If your trading technique is buy and hold, you've been slaughtered for the past month. My posts are EXPLAINING why, or at least I hope they are. I apologize if it angers posters...that's not my intention. I'm for everybody making money. I'm looking to make money on it yet again m'self. I just won't be holding it long in the hopes of this thing going to the moon. My 35+ years of experience and the DD I've done are telling me this is a scam, good only for flipping. The markets are telling you this too.
GLTA
Nice job today ELFN.
Release yet another meaningless PR, but really hype it by boldly proclaiming "Expands Its Reach Into the $400 Billion Government Market Sector", when the reality is it was just one retired logistics officer.
Get 12.9 million in buys on the crapola PR.
Get 26.3 million in sells.
Good job. Over 2-1 sell ratio.
What were you able to get out of this, maybe 15-20 million dilution on a li'l mini pump and dump? What do you figure we have...about another 6-8 weeks left before the last of the 300 million shares of the recent A/S increase is sold? Then what, does one of the posters in here discover another filing with the Secretary of State of Florida increasing the A/S again...or are you gonna try and sneak that R/S by us again? Howzabout October, is that a good month to wipe out this current batch of shareholders and do it all over again?
Looking forward to the next PR. It's replacing my summer Family Guy reruns for my humor fix.
Nine weeks ago, .0009 would have looked like a very smart buy. This company sure has tanked the crap out of this stock. It's lost 75% in value since the A/S increase was "discovered" and the worthless fluff PR's began at the end of June.
Yea. I read just about every PR release by Sullivan and his little Leading Points website this morning. Took me a couple of hours. They all state "has reached an agreement with xxxx corporation". Nothing definite, no numbers, contracts, revenues. His PR's are all fluff too.
He's probably got a sweet military pension and if he can pick up some extra change here and there with a sales commission for hooking up these pinkies through his military/government connections, it makes for a comfortable post military retirement.
This is why the EFLN stock is just up 1 point. Leading Point isn't some huge corporation with massive annual sales to the government. It was another one man front...no different than discovering Synergy Corporation was nothing but an ex jock named Ed Walls. I wouldn't be surprised to see it closed unchanged after the reality sets in for everybody.