is Brilliant but Unemployed
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Official News (PR) from the Company is needed badly!
A nibble, 1 million at 5 got sold. Now we need those 5-s to be pulled off the ask and 6-s to be at the ask, so that EFLN can move again. Penny will be coming later!
Go EFLN
They will come around soon! Otherwise I will get disappointed too!
Go EFLN
There is never going to be any 3-s. Ask 6 next!
I wish they pull those 5-s from the ask and start asking 6. That would be a smart thing to do! Stock is undervalued People!
Only 3,5 Mil sold at 4 today. Whoever wants to sell, sell!
I will hold my shares for better times, short squeeze or not!
Go EFLN
I don't know who to call and who would even talk to me. Me, a investor in a small "pinky sheet Company", they would probably have an answering machine and would never call me back, or would direct me to go to a site to read some un-understandable rules and regulations, 25 pages or so.
I heard about Shorting pinky stocks on several of these boards, heard that some market makers are allowed to sell short large amounts of 0.000 stocks including EFLN without owning the stock and without having to pay for it right away, and be allowed to have 30 days to deliver the amount of stock they sold. I also heard that "short squeeze" for them happens sometime, and that stock rises high. So why do you guys think that this is not possible here in case of EFLN?
Go EFLN!
King, you said yourself '"shorts are covered daily or within a very short period". What is a short period, 2 days, 7 days or 30 days?
You are misunderstanding in this case. If you don't think so, show me rules that state differently!
Go EFLN!
Short squeeze coming soon for about 100 Million shares that those shorters need to buy within next couple of weeks! That should by itself raise the price to at least 0.0007, or 8 so we would be back where we were about 10 days ago or higher.
Hold on to your shares, make them buy higher!
Go EFLN
Big volumes upward (0.0005 to 0.0009) last week are due to a combination of inflow of a number of new investors, becoming aware of the Value of the little EFLN Company. They might have been reached by the EFLN Management, or this Ihub Board, or a combination of these two.
Shorters contributed in the upward move by selling shares that they did not own ("borrowed shares"), about 80.6 Million out of 220.4 Million sold (April 27 to May 5).
May 7 some investors dumped some (May be even MM-s), made some more investors scared and the price dropped to 0.0005 and 0.0004.
However, volumes on the way down were much lower then on the way up, may be 20 million May 7 and about 8 million May 8.
So, Shorters did not get their way, they still need a lot of shares to buy to fulfil their obligation (over 50-55 Million shares). They will need to buy those in next 2-3 weeks. They should help investors that are cool NOW and hold on their shares that are already back up to 0.0005.
I expect bidding 4 asking 6 soon next week, and then up further.
All above is IMO
GO EFLN
And some shorting may be went on May 6-th, 7-th and 8-th, at lower prices (5-s and 6-s), which adds up to my calculated 80.6 Million, April 27 thru May 5 out of 220.4 Million total volume. You guys can look that up! Then it will look even better for us who hold!
That is all IMO, but I think what I am talking makes sense! Shorts will get squeezed sooner or later!
Go EFLN!
Monday bid 4 asking 6, IMO! Would not be surprised if it changes to bidding 5! Shorts will still get squeezed, IMO
Go EFLN!
Sounds BETTER! Also finish at 5. Not bad today!
Go EFLN
Relax everybody. Only 8 Mil sold today, and about 24 Mil yesterday at 0.0004. Remember everybody, I calculated that there were about 80 Mil shorted in the last 3 weeks at 6, 7 and 8. So, shorts have not been successful yet!
Today, may be 4 bid asking 5, but next week when everybody wakes up, I think the ask will move to 6, IMO.
Then again, shorts will be short, need to cover themselves! IMO!
Go EFLN
I expect that 5-s will be pulled off soon from the ask, and it will be again bidding 4 asking 6, like in good old times 10 or so days ago. Nothing has changed apparently with the Company!
Go EFLN
At least whoever sold at 0.0004 sold it at a loss! Nobody could have purchase 40 Million+ shares at that price at a profit!
POS = Positively over simplified, or Possibly only stupid?
I agree. We need a official PR, News to attract investors and let them know about company book value, earnings and intensions. I have seen many smaller companies that also file 8-K (Company events), may be also 10-Q (I wonder if I am saying the right forms). I have no idea why this Company does not do any of these!
May be they will do it sometime, hopefully soon, if they plan to be up-listed!
It appears 0.0006 is a new low now-days!
Go EFLN!
I don't understand how somebody can sell sub-penny shares without having them? I can sell short a $40 or $50 stock, say a 100 shares if I have about $10,000 + in my account, but I can not sell 5 Million or 10 million shares of EFLN if I don't have them, no matter how much money I have in the account. How come these people can do it?
I hope this shorting squeezes these people this time!
Go EFLN
April 27 to May 5, 80.6 Million shorted out of 220.4 Million (I added the figures from your link).
Knowing very few shares were sold at 0.0009, most of shares must have been shorted at 0.0006 to 0.0007 I assume. So, it appears to me that if we at this board hold on to our shares for about 3 weeks at least and not sell any below 0.0007, we should squeeze those silly Market Makers, make them lose money because they will have to buy at a higher price to cover their position, and EFLN will go up like a bullet!
Is this how it should work? I would like that and most people on this board would like it! Let's be sure WE HOLD ON TO OUR SHARES for at least a few more weeks!
Go EFLN
We need an official NEWS in a "Market-Watch" or similar that would show up on all Trading Houses directing investors to read all this,IMO. It does look good here, but the question is how many people will see it, only those that are on this board and some friends from other boards!?
Well, it looks good, may be it will help before News!
Go EFLN
See, I was right on something! Hope my predictions r right!
Glad u r back.
Go EFLN
Trading 0.0009 to 0.0016 next week IMO. Long range, 6 months or so I expect around $ 0.01.
You people think that is too optimistic? Well, a lot of good work was done by Management in the last 2 years or so. Some deficiencies appears to have been fixed-up recently, and we are starting to see the results now-days! All IMO, of course. But just wait and see if I was right!
Homey, Pellinore, photo4u, carp etc, Nice to see you still here. I thought Photo4u sold out? Scuba is missing these days?! I wonder where is Jimbawa, may be sold out?
Go EFLN
I am still here with shares and waiting for 0.01, which is starting to look very reachable now, IMO. I wish you EFLN-ers all a nice week-end, and I am off to a 25 a mile bike ride. Good ride next week, hope we break 0.0016!
Go EFLN!
I am serious about a goal of 0.01 within a few months! Look what is happening: assets and earnings increasing, talk about taking off the "Limited Information" and replacing it with "Current Information", possible up-listing to Fully reporting etc, etc...
I believe it is a start of a new EFLN, in my opinion!
Go EFLN, it is your time!
I am enjoying the ride upward! It looks like this is the real one that all of us old timers have been waiting for. The base is raised to about 0.0008-9, and the next goal is a penny, 0.01, Which could be reached in 3-4 months, IMO.
Go EFLN!
Slavo promised me last time we talked on the phone, that next News (quarterly financial) together with some other company news, will be published officially, so it would have to appear on all Trading houses News! I think if he keeps his promise, that could do wonders we were all waiting for so long: Get investors from other boards to join, get some general Market Followers etc. If it is going to happen, it should be within a week or two, IMO.
I am hoping, but I won't hold my breath!
Go EFLN!
EFLN going steadily UP! 0.0007 is just the beginning, 52 week high will be next, and then may be 0.01, IMO! It was about time!
Go EFLN!
Now 750 shares at 0.0005 (38 cents worth) was sold to drop the price in hope somebody would sell several million at low price. Well, our friend appears desperate now. I think nobody is ready to sell large amounts at 0.0005, which is probably because some official good news will be coming soon. No more Cheap Shares!
Go EFLN!
I talked to Slavo yesterday. He told me in his broken English that yearly financials 2014 are out, wherever he has to file with the state of Florida, and he will file quarterly stuff by the end of April. I told him again that we would all like to see some official News that would be visible everywhere and would say all these good news, that would be visible on all Brokerage Houses!
Hopefully, it will happen!
Go EFLN
Of course it is manipulation. Somebody would like to buy 2 or 3 or more Million at 0.0005 or cheaper, so he spends 9$ on a trade to see if he can get some doubting Thomas to sell larger amount of stock. They probably have standing orders to buy a lot at Bid!
IMO, but I think I am right.
Go EFLN, we need Official Good News!
No more cheap shares! If one wants 1-2 Million shares, he has to pay 0.0007 and pretty soon higher!
If some people are happy with 30,000 shares or less, they might still be able to buy at a lower price, due to some manipulators IMO. But pretty soon they will realize that it is useless trying to keep EFLN stock at these low levels.
We just need some official News visible everywhere, to get more investors interested.
Go EFLN
Ljubica and Slavo must realize by now that they have to PR more and someway increase the number of investors. That is the key to upward move!
EFLN!
We need 200-300 new investors which could be acquired by properly published news, visible on all major trading houses, Etrade, TDAmeritrade, Charles Schwab etc.
SPEND MORE MONEY ON PUBLISHING NEWS, Slavo. DON'T SAVE MONEY ON NEWS!
Even if 30% to 50% OF NEW INVESTORS are flippers, this stock could move out of these levels into higher levels, and attract another 1000 investors, and it would keep going higher. Then, $ 0.05 or even $0.10 would not be a dream!
EFLN and Slavo needs to figure out how to do this.
Companies with much less potential were able to do this, hope EFLN will too!
Go EFLN
Glad to hear that! I knew Slavo tries always to do things the way that would cost the least of money, and I was not always sure that that was in the best interest of EFLN, but I know now. He saved a ton of Company's money and his own money by never paying huge fees to any of attorneys for removal of CE (attorneys asked for $30 to $50k). He found another way, negotiating directly to the ones that put the CE ON, and it worked after a period of time.
Now he publishes financials every time they are due and does not pay for "audited financials", saving a ton of money.
We on the EFLN board also know that EFLN owns the 177 acre or so of a tree farm in Georgia producing some income.
We know that EFLN owns hotel Marion in Indiana that is managed by one of his daughters. Therefore, this property is never going to default on taxes as was hinted in the past by some un-informed people, out of spite!
We know that EFLN owns and operates a store, Cherokee Trading Post, which also makes money.
All these properties have their value, prescribed by the local municipal authorities which collect taxes. I doubt that the financials would exaggerate these values by 10 times or more. So, if they exaggerate by 30 to 50 %, who cares!
I hope I have enlightened at least some of the Ihub EFLN board.
We need more investors that know and think the same way, then EFLN can move upward and not come back. It will happen!
Go EFLN
Positive directional move to 0.0007. May be next week it will move higher!
To me a billion dollars seems over exaggeration. However, a few hundred million or even a few Million $ value would be OK for this pink sheet company that shows some earnings any time there is earnings due date!!
May be some of the News will start coming true, may be some unexpected good news will happen too, and everybody who owns this stock will benefit a little, or a little more?!
There is light at the end of tunnel.
Go EFLN
I heard something about Audits being done, but then again that is not confirmed and I don't remember where it came from. The fact is that EFLN i.e. Slavo needs to get official news out sometime, regarding financials being out and any future projects that would make money, which then would bring some new investors in, and would raise the price of shares.
At least he is keeping EFLN current with necessary company filings, and always showing at least some earnings!
Where are the NEWS Slavo? I can't get them even from that link, my computer gets tired downloading!
EFLN!
As far as I can remember there were no trades at all below 0.0004 for the last 18-24 months, I mean ZERO trades below 0.0004! This person that sold yesterday about 7 Million shares at 0.0003 as you say must have taken a big loss unless he was one of the old timers that held this stock for over 3 years. I don't know what to make out of this!? I wonder who was smart or lucky to pick those up at 3. I doubt that he (she) would be selling at 4, look at today!!
But definitely, as KingV or others mentioned, the management of EFLN should take a course on management of a Company on the pink sheets!
Hope they improve, so EFLN moves upwards!
May be 10 million were dumped at 0.0004 and then a 0.0003 bid showed up?!
Still, the person that dumped those took a LOSS!!