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What exactly is this report?
Wowser! This ticker could explode!!!!
As in .20? For real? Maybe I should slap the ask some more. I keep hearing about this new refinery MMEX is building. Permian Basin is HUGE!
Support at .0185. Bounce to .05 in no time. :). Slap that ask! This train is leaving. Did some one say oil? Syria? N. Korea?
Probably should have. This one will see another 200% day sooner than later.
Me, too. I bought 2000 of Icahn's $ CV$ today, expecting a bounce. Once that gets back up to $20, I am buying this little gem.
Ouch.
I hope whoever left realizes that oil is king next year with world unrest. Goodness. #smh
I also bought a couple thousand of Icahn's $ CV$, thanks to that little but of DD. Huge implications for the oil and gas refiners.
This is why I bought in today. Great DD!
I am in for half a million. Fair valuation of this stock is at least in the dime range. Let's go $MMEX.
Reversal confirmed for today. 10% interest and oil prices rising. No brainer!
Carl
Icahn's baby.
Thanks TD Ameritrade!!! :(
If we can eat away at those .006s, we are golden!!!!
No ETrade, but still weird. I was basically moving up my bid from .0051 to .0059. Got some .0051s filled, though on a replaced order.
Let's Go!
Oh...I have plenty. TY
So I put in an order for 100,000 shares at .0059 and the order was rejected.
Interesting.
I have never been rejected before. :(
Unless we retail investors can drum up support to change the channel. I could go for .015-.02. ??
Still anticipating a 5000% gain here!
The company is working to find investments or finances for four construction projects (CHEROKEE TRADING MALL) in the amount of $160,000,000 to do construction projects in Florida, Georgia, Indiana and Ohio. These projects will create over 1,200 full-time jobs and 700 part-time jobs to the U.S. economy.
Hmmm...$160,000,000. What's 33% of $500,000,000? $165,000,000.
I really think they plan to use these mine leases/acreage to use as collateral for a big loan to fund expansion.
Big time!!
30? I thought it was 21.
Where did you come up with 30--if you don't mind sharing?
I disagree, politely though. The more price increases, the more viable Permian Basin production will be. And that is where Maxxon gets its bread and butter--delivering oil from well to refinery and/or pipelines.
The fact that they released tax returns lends credence to the fact that the company is undervalued.
Now, the report showing 500 million in land assets--specifically targeted for gold leases--may be overvalued.
But, it is land. What if, hypothetically speaking, they don't lease a single gold mine. Well...lucky for $EFLN, there is this resource called TIMBER that is still VALUED.
Personally, I am valuing each acre at around $15,000 per acre, which gives a acreage valuation at around $43,500,000, or, if one is conservative, divide by 2 and you still have $21,750,000--still a mighty slice of collateral if management decides to finance their hotel project. Thus, the co. can grow without the need for dilution.
This is a speculative stock--no doubt about it--but still extremely undervalued.
I will not sell a single share until .03 pps.
I am buying $EFLN tomorrow morning. Undervalued.
And...sometimes the market makers short just to make a market for the stock. Stocks must go up and down in order for a market to exist.
This is what I am thinking as well.
My price target here is .03 in the short term.
I saw that, too. I think the company may be buying back shares to get valuation where it deserves. With a better price evaluation, the company can better negotiate financing deals--right?
I think that is the question we all want answered. Thus, the speculation surrounding this stock price in the hopes that a PR addresses this issue and more.
Surely, they sold it for 1.5 million PLUS stock.
I disagree with your assessment.
Someone sticky this most sagacious post!
Good gracious! With EFLN, you can change your dynamic, because a quick scan of your last 50 messages suggests you have lost on.every.single.trade.
EFLN will be your winner, winner, chicken dinner! :)
After Hours
Last Trade Last: $ 0.01 ? 0.00 (0.00%)
Did you see this in IHUB? Wonder what that is about.
I've lost 50% on paper, but with those conversions slated for .03, I am willing to hold a couple years for a 600% gain. Rarely get that on the big boards.
Solid CEO who is re-building a company. Love it!
You use assets to finance bigger and better projects.
This means ZERO dilution needed for growth.
AND...
If I as a corporation am valuing land, it's probably a good bet that I have secured a reasonable appraisal--since the SEC doesn't particularly smile on inflated guesstimates.
And, if land is properly appraised--and that is my hunch here--then FDIC regulation stipulate that businesses can use 65% of that raw land as collateral for borrowing.
Supervisory Loan-to-Value Limits
Institutions should establish their own internal loan-to-value limits for real estate loans. These internal limits should not exceed the following supervisory limits:
Loan category Loan-to-value limit (percent)
Raw land 65
Land development 75
Construction:
Commercial, multifamily,1 and other non residential 80
1- to 4-family residential 85
Improved property 85
Assuming that those 2900 acres are--just for prosperity's sake--valued at just 1/8 of $172,350 [color=red][/color]per acre, then that leaves $62,476,875 that the company can put up on the table as collateral for loan financing.
Wowser! That means at 1/2 penny, we are still UNDERvalued.
Darn it!Darn it!Darn it!Darn it!Darn it!Darn it!Darn it!Darn it!Darn it!Darn it!Darn it!Darn it!Darn it!Darn it!Darn it!Darn it!Darn it!Darn it!
Why did I not load up the damn truck?
Liberty Mines needed a savior for whatever reason, probably seed money for development--and $EFLN came in to save the day.
Now, those 2900 golden acres are being valued a $17,241 per acre. Now, these are acreage tracts are not for farming; they are for gold.
Serbians--as a general rule--never joke about money, and the $500,000,000 asset value reported to the SEC is no joke, either. It is legit.
Gold commodity prices are likely to increase as we ramp up war with SYRIA; therefore, gold mining claims will likely increase as well. And, just like oil drillers have developed new technology, so, too, have gold mining operations.
http://westernmininghistory.com/mine_detail/10141079
http://www.theclaimpost.com/LIBERTY-MINES.html#anchor_706
Shorts will likely melt like gold with this simple calculation.
I am big buyer on Monday!!!!
It's translated.
Thanks for the shares day traders. Value of co is .0063 even without 500 million in gold laden mine leases.
#smh
Gold will shoot through the roof today.