Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
So, this is my question to your post; why put out such PR's unless the intention is deceive those less knowledgable?
This company basically had ZERO products to sell this year. They have spent most of the year retooling, dumping the Italian based thermometer that they merely resold from inventory, and moving forward to manufacture their own now that they own the patents on the thing.
However, during this process of changing the business model, they haven't been idle...
They signed a distributorship agreement with Mebby, the sales to come from a website to be designed and functional for the second half of this year.
They have no retail channel for the Disintegrator NDD...so they are going to a multi-level marketing campaign to sell it, sort of like Amway or Tupperware. Thousands of peeps knocking on Dr.'s offices or selling to friends, family and neighbors the NDD might move more product in one month than it has the past 5 years. You can sign up on the website to become a distributor right now. It is planned to be operational the second half of this year.
They have applied for an uplisting to the OTCBB...again, something that could occur any day, but was factored in to be a reality the second half of the year.
They recently opened a Facebook page to be more transparent.
They recently redesigned and updated their websites to handle the new sales that are projected for the second half of this year.
They went to two trade shows this spring. I'm sure they landed sales. However, they can't sell anything UNTIL IT IS READY TO SELL. I'm sure they told every sales rep that their products would be ready to go the second half of this year.
The advertising campaign is supposed to occur...sing it with me gang...THE SECOND HALF OF THE YEAR.
Everything...EVERYTHING, has been above board by this company, telling us they are moving along to begin selling NEW products, not the old stuff left over from their acquisitions, STARTING IN AUGUST. We knew this in January.
Finally, in March, we got a confirmation of the wholesale order to Bayer, a rather small order of a few thousand NDD's, and the stock went vrooom...from .0080 to almost .03. Imagine what it's gonna do when all of this stuff listed above is finally a reality?
I've been buying like crazy the past few weeks at these levels. This is a crappy stock if you are a day trader or flipper...but it sure looks damn interesting for a long term investment...one of those rare pennies that could actually grow.
Their entire focus this year was changing the type of business ASFX was, turning the company from merely a distributor to an actual manufacturer. This takes time, but it should be VERY profitable in the long run. Their patents still have years till expiration, and are a very valuable asset. Remember, Henry Ford shut down his factory in 1926 for almost an entire year, to retool and bring the Model A to market, replacing the 20+ year old Model T. It paid huge dividends to those that were patient.
Well, duh. There's usually no veritable evidence to support a price rise on just about all Pinks, not just EFLN. These penny stocks don't trade on fundamentals...they trade purely on momentum. We got a fluff PR last time out. The stock dropped from .0020 to .0010. We got a meaty PR (the iPhone app) in March. The stock traded from .0010 to .0045.
Cillo and his gang could be convicted pedophiles, the lowest scum on earth...yet traders could give two hoots. They are only interested in momo and price movement. Another meaty PR, and the stock could easily go from .0010 to .0045 yet again. That's just the way this game works.
There are very few stocks here in Pinkland that actually move on fundamentals like a big board listed stock. There's too much manipulation with non-exchange listed stocks and an almost total void of transparency by the companies. You have to learn how to TRADE them by going along for the ride; learn to read charts, spot entry points, exit points, lock in profits and finally, TAKE PROFITS (most traders fail because they are looking for the 500% or more return, dreaming of millions, totally missing the fact that a 30% return will double your money in less than three successive successful trades)...and very, very rarely do fundamentals behind the company and it's operations have anything to do with how you make money here...because you make money by studying CROWD PSYCHOLOGY, the actions of the buyer and seller, not the actions of the company, and that mob mentality could take this stock to the moon as well as drop it to the basement.
Huh? We were down 4 points on 9 million shares. Pffft...-4.94% on that piddly volume is not much of a panic sell for all the doom and gloom this filing supposedly represented. Maybe the fact it rose 7 points the second half of the day from it's lows means the market doesn't see disaster, but opportunity? Anybody smart enough to buy at the lows today already has a 10% profit.
I like this part in reading the filing...
The Company has now completed designed of its own non-contact thermometer, which will be called the Kidz-Med Non-Contact 5-in-1. The aggregate cost for design and prototype development of the product was $125,000. Prototypes were developed and a Chinese factory identified for manufacturing all of the components; a contract has been signed with this Chinese factory. Molds and tooling have been ordered and paid for. The Company will purchase all the components from this factory, but final assembly and packaging are done domestically, at the Company’s Ohio facility. Full scale final assembly and production have begun. We anticipate that the unit cost will be $12.50, although it could possibly be lower as volume increases. Funding for the purchase will come from purchase order financing or additional sales of our securities. We have filed trademark applications for the names “Never Touch” (the name the Company previously intended to use for the product), “5-in-1”, “Vera Temp” (the brand name we intend to use for the professional market) and “Dura Sleeve” (the brand name for the silicon glove that fits around the thermometer to protect it from damage due to falls) with the US Patent and Trademark Office, which are currently pending. The Company also plans to file an application for a design patent with the USPTO. The first units off the tooling have been submitted for testing to ensure they meet ASTM standards (American Society of Testing and Materials); the Company received a passing grade in May 2010. Concurrently, a required premarket notification, known as a 510(k), was filed with the FDA. A predicate device manufactured by this Chinese company already has an FDA approval, so no further clinical trials are required. The Company has engaged an FDA consultant to help guide it through the 510(k) filing process. Because the Kidz-Med Non-Contact 5-in-1 unit does not incorporate any aiming lights like the Thermofocus (the patents for which are on its aiming lights), it will not infringe on the Thermofocus patent. The Company is no longer bound by any non-compete agreement with Tecnimed, since the Settlement Agreement completely superseded the Distribution Agreement. The Company expects to ship the Kidz-Med Non-Contact 5-in-1 to customers in August 2010. Additional funds will be needed to complete development registration testing, packaging and marketing of the thermometer.
This sure doesn't read like a typical dilution factory Pinky, where the only business model is the sale of stock. Everything still looks to be on schedule for the second half of this year. If you've been following ASFX on their Facebook page, they've been slowly releasing pics of this entire progress for the thermometer...the Chinese factory, the printing of the packaging, the new protective sleeve. This is a REAL product, not some proposed BS, with $125,000 already invested into it, that is now less then two months away from being introduced into the marketplace. If sales of this thermometer are decent, they have a large profit margin on the price, and this stock price could easily recover.
IMO, 6 months from now, people may be kicking themselves for not buying when the price was this cheap. They are very cash strapped right now, but if they can satisfy their debt holders for the short term and get these new products, including the Mebby stuff, off the ground and generating sales, they might be able to turn the corner and turn this into an actual, profitable business. It appears they are hinging the future of this company on this new thermometer, which can be very risky...but if they hit a home run with it...look out...they will have the cash to market the other products, grow and become a solid company.
This company is one of the rare Pinks that I don't trade, but I'm holding for long term growth. I just don't see a prior history of scams and failed OTC listings with this management team. Usually the scammers just move from board room to board room, plying their typical pump and dump BS until the company is totally drained, then they move on. Here, I see real products, and a belief in those products by management. I like buying those dreams.
Yea...the volume wasn't really high enough for a company dilution. Usually, you will see 50-100 million shares dumped per day over a couple of days period when the company is diluting, but this was much smaller, in blocks that came out producing $1000-$3500 for the seller. That smells more like a vendor cashing in for an accounts receivable for me.
IMO, the recent dilution wasn't a direct dilution by the company for operating cash, but freebie shares to vendors for various services...and the vendors in turn sold the shares because they were nothing more than accounts receivable to them that had to be converted to cash. Those vendors weren't interested in holding on to shares as an appreciable asset/higher price for them, they were interested in getting paid NOW for whatever service had been provided.
dog...you got any prior connections between the Cillo gang and this new client Edward Walls? You seem to have a lot of info/dirt on these guys from the past...was just wondering if Walls is on that history list.
That could be positive if they don't use it as another dilution vehicle.
It angers me that the last PR was so vague and it took the members in here a few days of deep digging DD revelations for Frank to say, "Yea...that's the company we were talking about". That info all should have been available for the public in the initial PR.
That last little PR/dilution double whammy caused the stock to drop a whopping 50% in value, so the pressure is on them this time to deliver something solid, something that can support the price a bit if they turn on the dilution machine again.
OK...gotcha.
Very Wrong. They've announced that they are going to go a R/S (Reverse Split) sometime before the end of the year.
For arguments sake, let's say they do a 1 for 50 R/S, the stock price will go from it's current .0001 price per share, to .0050 per share, and it can immediately begin to trade DOWN in price from there...theoretically all the way back down to .0001 again, thus theoretically taking the current stock price lower, a couple more decimal places lower, than where it currently trades.
If you bought $1000 worth of stock today "because you'll never be able to buy it any cheaper than this", that investment could become worth considerably less after the R/S if the stock continues to drop in price. There are case histories of pennies having many R/S over a few years time period, causing a $10,000 investment in that stock to be worth 10 cents a few years later for anybody that held and hoped.
So, yes, the stock price can get considerably cheaper if you buy it now...which is exactly why there currently is no bid price. It is extremely rare for a stock to move up in price after a R/S, sometimes it does that first day, but 99.9% of the time the stock will continue it's downward price movement, because most of these pennies are financed by what is called "Death Spiral Financing", ie., there are loans with PREFERRED stock as collateral, allowing the lender to constantly convert and short the common stock, constantly driving the price down, constantly causing the company it raise the A/S and then eventually do a R/S again.
Ah...but if you just wait, after the R/S, when the stock heads south in price again, you'll technically be able to buy it at .0000001 compared to the current price. ;)
No, no...wrong company. This is ES3, LLC. It's a large grocery store distributor in NH that has been in existence for many years. It's not the same as ES3 Sports, LLC, recently incorporated by Edward Walls on the same day he incorporated Extreme Synergy Corporation.
ES3, LLC and ES3 Sports, LLC are two totally separate entities. As I noted in a prior post, ES3 is some sort of supplement used by body builders. Since Ed Mass has been involved with sports and motivational training as his main business for the past decade, it only makes sense that this new ES3 Sports, LLC will also somehow be related to the sports training business. It might turn out to be nothing more than a website to purchase ES3 capsules online.
It's Extreme Synergy that is the question mark right now. We don't know what the link is between the two new LLC's...only that they were created by Ed Mass on the very same day. They could wind up to be two completely and separate and different businesses, AND, they might not be related to EFLN at all when all is said and done...we're all just speculating right now.
More info on Ed Walls
Here's what I've been able to find out so far from on the internet...
He formed an LLC in 2005 called Velocity Sports Performance of Longwood, LLC. However, two days later, he change the name to Black Watch Sports Performance 1, LLC. That could be because of a trademark/corporate name conflict. It appears this was a franchise to Velocity Sports Performance of Georgia. Black Watch Sports Performance 1, LLC. went defunct 9/25/09, but he appears to still be operating in Longwood, FL from this website
http://www.velocitysp.com/orlando/our_team?bio=1556
Here on his Linked In profile, it says he's a "principal" in Extreme Synergy along with his other business connections.
http://www.linkedin.com/pub/dir/Edward/Walls/
Zoom Info file
http://www.zoominfo.com/people/Walls_Ed_207980805.aspx
Global Success Site
http://www.globalsuccessleaders.com/leaders/ed_walls.html
So, it appears, he was an exjock that got into sports training and motivational speaking. I found this snippet interesting from his bio...
Ed worked over 20 years at the executive level for top industry leaders both domestically & internationally with a focus on acquisitions, turnarounds and general management.
It would be nice to know if this is the Extreme Synergy Corp that was in the PR.
I dunno. Since the LLC is called ES3 Sports, I Googled that combo. I kept coming up with bodybuilding websites and supplement sites. Apparently ES3 is some sort of estrogen canceling supplement the roid heads use.
http://www.bodybuilding.com/store/sf/es3caps.html
It could be that Edward V Walls is setting up some sort of sports supplement type company since his prior corporations were sports based. Also, ESC Sports, LLC isn't necessarily a subsidiary of Extreme Synergy just because it was formed on the same day. It could be a completely separate entity.
There was also just a regular ES3, LLC, but that is large food distributor in NH, and it's been well established for many years.
I'll dig some more. The plot thickens
To quote Artie Johnson from "Rowan and Martin's Laugh In"...
"Velly Interesting".
This is the first corporation found, with the exact name as on the PR the other day. However, it was incorporated AFTER the June 30 PR, on July 1
So, on a positive note, part of Extreme Synergy's business startup plan, may have included the use of EFLN's security background check. It does legitimize the PR, since it is a real corporation. That's why there was the wording of "Preliminary Agreement". They couldn't sign a contract with a corporation that didn't exist yet, but they could be in talks with the incorporators during the formation of that corporation.
On the negative side, as of this moment, it is just a shell corporation, with no prior business. Edward V Walls, the incorporator, also formed ES3 Sports, LLC, also on July 1, so that's two new entities in one day. He also has a history of prior incorporations: Black Watch Sports Performance 1, LLC, and Black Watch Investments, Inc. Both were disolved last year. That's a bit of a red flag in this pink DD business. If the purpose of a some of these pink corporations is merely to sell stock, it wouldn't be much of an expense to form another corporation for $75 bucks to satisfy a PR.
I haven't gone digging yet to see if there is any prior relationship between Walls and the Cillo gang...I'm sure if there is, doggone will chime in.
But it does make you go hmmmmmmmmm...because it could be both positive or negative. Until EFLN becomes totally transparent about the mysterious Extreme Synergy Corp. that could spend as much as $3 million for their services, and actually comes out and states THIS is the corporation they referred to in the PR, it's all just speculation at this moment.
Oh, well...enjoy the 4th weekend everybody.
OK...I just looked this up. It's two different corporations. INEX Solutions, Inc. is not the same company as I-NEX Worldwide.
I-NEX Worldwide was originally incorporated on 12-10-2001 as Fresh Fish, Inc., with Lori Marlin as the original and only Director. Cillo was the incorporator and registered agent. They must have been domestic partners or something because they shared the same home address. It looks like the corporate name was some inside humor on Ms. Marlin. 4 months later, Cillo is now a D and P and 4 more officers added, Fresh Fish, Inc. is changed to I-NEX Worldwide, Inc., and 5 months after that, Lori is out. In June of 2008, David Newman of Texas is now made President, Candis Coon Secretary, and Gigi Pinizzotto (wife or sister of Frank probably) was made VP. The company also had to apply for corporate reinstatement a couple of times the next 7 years after 2002 as they let it go inactive, and then it was declared inactive again on 6/25/09 last year.
So, the 49% ownership was in one company, now defunct, and the 30% is in another one. They have a whole bunch of shell corporations listed under that Dale Mabry address though.
The difficult thing about digging on Joseph Cillo (and this entire gang for that matter), is that at one time Cillo was a lawyer, and he made himself the registered agent for hundreds of corporations in FL, many of them probably legitimate and set up for honest business owners...so his name shows up for pages and pages of documents at sunbiz.org. It's time consuming finding the legitimate ones from his portfolio of shell ones.
-62.5% lost in value since last Friday's close. Dilution is always a killer.
Remember that RS theory? Remember those cheap shares you grabbed the next day and then how they doubled within a a few days? I do.
Yep...we're getting dilution the past two days. Luckily, it's not that bad. I've seen 750 million to a billion added to the market in one day with a Pink before.
Too bad that PR was so fluffy, as it never created any demand to counter the new shares and provide a little support. I bailed in the morning yesterday after I couldn't find any info about this Extreme Synergy, Corp. That was a huge red flag for me. I'll be looking to get back in once I think the dilution is over, since a 300 million add to the A/S still isn't that bad.
Had that PR had some meat to it, this stock might still be trading around .0020+
These are probably freebie dilution shares. Somebody got paid for a service to EFLN with free shares, and they are just cashing them in. Painful, as it drives the price down, but the vendor isn't interested in parking those shares for any appreciation...they want the cash now for services rendered, since that vendor probably needs to pay bills too.
Those are just domain names. MG Force originally had a website called...mgforce.com. It still exists. Then they built this new website called extremesynergy.com (most likely for marketing purposes since the domain name mgforce really doesn't portray WHAT kind of business they are).
That is all they are referencing in that statement...extremesynergy.com, (the website currently being read), evolved from a previous website, mgforce.com.
If you look up the registration on both of those websites, they still are owned by MG Force in Thousand Oaks, CA. MG Force DID NOT CHANGE THEIR BUSINESS NAME. They only created a new website as an update/replacemnet to the old one. It is NOT the company that was in yesterday's PR.
Does this help clear it up for ya?
Link?
I believe they are the company that built the USDA CD/site and ronaldreagan.com
We closed the last day of trading in May, the 28, at .0013
Over the next month of June, the board approved an R/S, then the board canceled the R/S, the company received an approval by Apple for the background checker app, an approval by the Federal Government as a Veteran Owned Small Business (VOSB), and the board approved the raising of the A/S by 300 million. Surrounding this was a ton of hype and anticipation. It was a very busy month.
On the last day of trading in June, we closed at .0013
Somehow...that just don't seem right for all that was expected. After last Friday's close of .0024, I was looking forward to this thing nipping at .0030 this week, not being back down below .0015. We've lost almost 50% in the last three days. What a bummer.
Nope...that's owned by Synergy Corporation
http://whois.domaintools.com/synergyxtr.com
Not the same as Extreme Synergy, Corp.
It's up to ELFN management now to give proof of this corporation's existence. They could go to jail if there isn't a legitimate corporation called Extreme Synergy, Corp. listed in that PR.
You know what is for real, the website? That's not a relief at all. A company in California called MG force that owns a website with a domain name of extremesynergy.com, is NOT the same as a company called Extreme Synergy, Corp.
See...here's the problem. By law, to attach Inc., Corp., or Corporation behind a business name, that business HAS to be incorporated...somewhere. To be incorporated, there had to be a corporate charter filed. Even if there was a corporate name change, that name change has to be registered in the corporate charter. So far, nobody had been able to come up with a legitimate corporation anywhere called Extreme Synergy, Corp.
Until that info is found, it exists only in this PR released this morning. That makes this PR very questionable.
I've been searching all day, and haven't found squat. I'm hoping others are searching too, and if they find it, that info gets revealed.
Here's the whois info on the website
http://whois.domaintools.com/extremesynergy.com
Nobody is really sure the web designer in CA is the same company. It was the only thing that came up on a Google search...it's just a domain name. The company that owns extremesynergy.com is called MG Force out of Thousand Oaks, CA.
Currently, nobody can find anything about any company called Extreme Synergy, Corp...no corporate charters, filings with any Secretary of States, SEC, business licenses, business wiki's, business blogs, etc. The only place it exists...is in this PR from this morning...and that bothered the market.
AUTO has been the major dumper, unloading millions and millions of shares. Since right before noon, they've constantly jumped below the ASK in this endeavor to unload, and marched the price down.
but c'mon...dropping to .0011 on such great news!?!?!?
Yep...that's what it looks like to me too. We got the increased A/S last Fri...a fluff PR this morning...and AUTO has been unloading huge blocks all day long. They just did 5.5 million a little while ago.
I exited this morning. I just didn't like what I saw. Maybe I'll be back once a new consolidation period and floor occurs, but right now my charts are shot on this thing.
GLTA
Correct me if I'm wrong, but wasn't it INEX that was approved with EFLN as minority owner at 30%, that really hasn't been completed??
EFLN is down due to investor knowledge!
Oh, I'm taking full advantage of the situation as I watch the world's governments try and handle their ponzi scheme social entitlement programs. Not even governments have unlimited credit cards. I'm basically a Laissez Faire capitalist, so I'm making a batch of popcorn nightly and enjoying the show. The Greeks rioting because they may have to actually work was hysterical.
I rotated mostly into cash a few months ago. I have some minor short action; US Steel at 68, Patriot Coal at 20...and I'm playing with some pennies in here including EFLN...also went long the Dollar vs Euro in December, but the majority of my money is on the sidelines.
I don't believe this world recession is anywhere close to bottoming. I think it's just starting, only in the first couple of years of a long, painful, global event. I also wouldn't be a bit surprised if you don't see some major global war evolve out of this either as resources and money dries up. I'm a history buff, my library filled with books on the stuff. All it takes is some, small trigger event during a stressed time. Times change, but man really doesn't.
We've been tracking around that 60% range in short sales lately, so I'll go with that figure :)
Ain't nooooobody buyin'. 680,500 bought, 4,685,000 sold.
I wonder how much the overall market psychology is affecting that? World markets are getting creamed because of the European debt/Euro collapse problem. People just ain't in the mood to buy today in just about any market.
They haven't been diluting. There would be a massive increase in the volume it there was.
If peeps are afraid this is a classic pump and dump, they should go follow what one that actually is a P&D for a comparison. Hall of Fame Beverages (HFBG) was a recent victim of one. Go look at their chart from last week. They announce a decent PR about a national distributor for their product, then flooded the market the very same day with over a BILLION shares. Just check the volume chart.
We aren't seeing anything like that here. First off, the increase in A/S is minimal, not in the billions. It looks more like a financial cushion/options to me instead of the classic P&D money machines a lot of these pinks do.
Personally, I'm gonna be looking to buy more cheap shares tomorrow should there be another panic. I did pretty damn good on the last fear sell-off from the now canceled R/S sneaker of early June.
Remember the old trader's saying..."Buy funerals...sell weddings"
GLTA
This stock probably will retract even further tomorrow...
might want to get your confirmation re-verified