is...Market Investigation
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Your welcome. Very difficult for any EFLN Shareholder who wants to sell as nobody is willing and able to take them not even for a triple zero.
IMO
MS
Stock Price does not automatically drop to .0001 but this will be the price that may be a Buyer is willing and able to pay for a Share and once a transaction is closed it will be reflected on the screen.
IMO
MS
Take a look at this:
http://www.extraordinaryinvestor.com/grey-sheets.html
Now, If you want to offer shares for sale you need to find a Buyer who accepts and place the order personal with your Broker. Buyer connects with Broker and close transaction.
If somebody wants to buy they need to place a Buy Order with the Broker and find a Seller who accepts.
I saw often that IHUB Message Board are used for an offer and sell or Grey Sheet Stock.
IMO
MS
Nothing will happen on Monday. EFLN will be delisted to Grey on April 6 and can only be traded based on a private transaction. There will be not anymore a Market Maker Quotation.
I am quite sure that Ticker Symbol will be revoked and therefore Stevo is putting out the PR on the Website only. There is not any PR Service Firm interested to take them.
http://www.efuelefncorporation.com/index.php/company-updates
MS
Yes, I know and I did a mistake here. I meant a definitely final suspension of the Ticker Symbol.
MS
I believe EFLN will NEVER come off suspension. Too many issues need to be resolved included I have the feeling that Symbol will be revoked.
Here you find an "older" message but I believe has good information
https://investorshub.advfn.com/Grey-Sheet-Grey-Market-Stock-Info-Board-3459/
MS
April 6 is the date where EFLN start to be listed as Grey Sheet and where Shareholder can offer their Shares in a private transaction.
MS
710 bucks are the max. that you will maybe get for your shares and you need to offer them in a private transaction. I have seen Grey Sheet Transaction before were Seller offering Shares using IHUB Message Board.
Don't even expect more for your shares. Nobody wants to buy this crap as the chance to be uplisted again on QB is almost cero!!!
IMO
MS
You can offer the Shares for sale using IHUB Message Board once EFLN is starting to trade on Grey Sheet. I have seen this several times on a different Board and it worked out for the Seller but don't even think about you will get more than 1k for your 10 mil. Nobody is crazy enough to pay more for a worthless Stock.
IMO
MS
If we are talking about EFLN the answer is NO!! Too many issues need to be resolved and the cost would be huge.
The company would need a PCAOB Audit on the financials and included needs to respond to all their Press Releases. They need to look for a new sponsored Market Maker who would file Form 211 what need to be approved from FINRA where I see also an issue and file Form 10 to become SEC Reported.
EFLN Attorney needs also to request a NO FURTHER ACTION Letter from the SEC.
IMO - This will never happen. Hundreds of Pinks were suspended in the last years and only a view were approved for new Quotation and all of them are listed and traded on the OB Level.
MS
You need to be lucky to find a buyer for 0.0001 per Share and keep in mind there will be not anymore a quotation. EFLN is suspended and does not have any Market Maker.
I see a lot of Grey Pinks where Shareholder offering Shares or looking for shares using IHUB as Communication Platform. Buy/Sell need to be done by calling their Account Manager to authorize the transaction.
IMO
MS
This will never happen with EFLN. I fully agree that Stevo needs a lot of money to be updated on all ends. This is the first issue. The second issue is that FINRA will never approve any Form 211 from EFLN to be quoted again.
Hundreds of OTC Pinks were suspended in the past and start trading activities on the Grey Market and only a view one went back and obtain a quotation again and now traded as fully SEC Reported on the QB Market Place.
I would say you may start to think about to offer your shares on a personal base when the Stock be downlisted to Grey Market. I have seen OTC Grey Stocks where Shareholders offering Shares for sale or want to buy using IHUB Message Board.
IMO
MS
And the only option for a suspended OTC Stock to may successful with a sponsored Market Maker filing the Form 211 and obtain again a Quotation is that SEC issues a so-called NO ACTION Letter. If such letter doesn't exist it is almost impossible to get the 211 approved.
https://www.sec.gov/fast-answers/answersnoactionhtm.html
IMO
MS
SEC suspended this scam!!
https://www.sec.gov/litigation/suspensions/2018/34-82918-o.pdf
MS
Well, well. Game over Slavo. RIP EFLN
MS
"I CANNOT BELIEVE ANYONE WOULD POST ABOUT AN OTC LETTER THAT THEY HAD FAKED ON THE OTC; MAKES NO SENSE AT ALL TO ME."
Well, I can tell you that Slavo is one of the people who doesn't think about any consequences and would issue an official Press Release like this to keep the Stock alive. So far no proof here on my end. Only my personal opinion.
MS
Yes, day trades only. EFLN can face some legal claims after what happened and therefore at risk to get temporally suspended.
IMO
MS
I agree but the fact is that OTC never issued this letter and that somebody used their name and included a fake signature and this is fraud. Period. NO changes at all on the OTC Status:
https://www.otcmarkets.com/stock/EFLN/overview
Now the question is if Slavo prepared this fake letter and put it out as an official press release or somebody else did it.
So far as I know Slavo is using Globe Newswire Services and IHUB Newswire Service and the Letter was published thru IHUB Newswire Services to save Slave a view hundred bucks.
The final question here is if everybody can post fake press releases about any company thru IHUB Newswire Services or registered clients need first to sign up on his account. If we are talking about that any client do have their own account and password protection than this account was hacked or Slavo did it. Period.
Maybe somebody from IHUB Newswire Service Department can answer this question.
IMO
MS
Janice:
This is not only BS. This is a planned Market Manipulation by Slavo. I am sure he knew that all these loan Offers are fake calling them 419 scams. But to keep the Share price up he had no scruple at all to inform the public about and so far as I know is also called a "misleading" Information.
Well, we will see what happened tomorrow. I am out for today.
MS
Luna Tic:
Agree with your statement. But this time there is a proof as OTC Markets issued themselves a Press Release telling that EFLN issued a fraudulent Release using their Logo and Company Name without knowledge and authorization and this is very seriously calling "the issue of misleading public information" based on SEC Rule 10b-5 and this, of course, is ending with a Stock suspension if we are talking about unregulated Penny Stock Market.
IMO
MS
If a view of us send a compliance to the SEC as I did at this moment we may see further action here.
As you said this time Slavo made a huge mistake here using a company logo without any authorization, typed up a fraudulent text and signed the letter using a wrong name or maybe worse somebody at OTC and got this out to the "public". This is called "misleading" public information and i personal know a view Pinks who got suspended because of misleading press releases.
SEC Rule 10b-5
Section 10b (codified in 15 U.S.C. § 78j) and 17 C.F.R. § 240.10b-5 (Rule 10b-5): These are the principal statutory weapons against fraud. Section 10b is the antifraud provision of the Exchange Act, while Rule 10b-5 is the rule the SEC promulgated under that section. Rule 10b-5 prohibits the use of any "device, scheme, or artifice to defraud," and creates liability for any misstatement or omission of a material fact, or one that investors would think was important to their decision to buy or sell the stock. Courts held early on that investors can sue, and the scope of liability is broad: a wide range of participants, from brokers to issuers to company employees may be liable, provided that the fraud was "in connection with" a securities purchase or sale. The fraud is considered to be "in connection with" a securities transaction if it was material to the decision to buy or sell a security.
King:
You are right telling the SEC has never stepped in to stop this fraud for the last two years included a view of us informed them already.
But this time there is a "proof" that Stevo did a fraudulent action as a public entity. He misleads the "public" with wrong information included use a Company Logo fraudulent and this, in fact, is against different SEC Laws what can cost him the suspension.
IMO
MS
I posted already.
I hope that finally, SEC will suspend EFLN to stop this madness and if not well I am sure that OTC Markets has already informed his Attorney to check on this. Nobody can simply use Logos, put out a false statement, signed fraudulent and informed the public about without being in serious legal troubles.
IMO
MS
Sorry, I forgot to mention.
GlobeNewsWire suspended his account, OTC Markets, of course, will not allow getting any future Press Release on their Site so the only Press Release Service who may accept is IHUB if Stevo can bring the 200 Bucks on the table what in fact is also questionable.
MS
There will be not any reply from Management as and if Stevo is issued a Press Release that OTC Markets is a lying about this letter he will defiantly be in court soon.
MS
Are you still loading after what happened today? Are you seriously?
Stevo did a seriously fraudulent action here. He used OTC Markets LOGO and put out a false statement what in fact is against SEC Regulation.
I am sure OTC has informed already the authorities and together with all other fraudulent activities included 419 Scams this Stock will be suspended soon or later.
MS
Well, Game over for EFLN!!
MS
Guess what?
Look at this:
https://www.prnewswire.com/news-releases/otc-markets-group-issues-statement-responding-to-fraudulent-press-release-issued-by-efuel-efn-corp-300616847.html
OFFICIAL PRESS RELEASE FROM OTC MARKETS!!!
Of course, they never sent that letter!!! Stevo copied the OTC LOGO and put out this letter and so far as I know this is fraud and will have serious consequences
You got it now??
MS
Of course, it was a mistake from OTC Markets... LOL!!!
EFLN is a good standing company with seriously Loan Offers and Business Activities... hahaha......
We need only to excluded all 419 Scams, Gold Properties, Assets, etc..
Well, your decision to buy but don't even start to cry on this board when this scam finally is held.
MS
OTC Markets put out a Tweet that this Letter is a fraud!!
This letter is fraudulent and Efuel EFN Corp. $ELFN remains in Caveat Emptor. We did not send the letter and have referred the matter to regulatory and criminal authorities.
— OTC Markets Group (@OTCMarkets) March 19, 2018
Janice:
I believe I have warned this board and their members several times right now that EFLN is a manipulated stock played by a Group who buying shares on the open market when the Stock is in the triple and get them out as a massive one or two days run. I may imagen that Stavo is part of this to receive some Beer Money and has a good life as and of course, nothing is true about this Scam.
The same situation as today happened in 2017 a view times.
RIP EFLN as SEC will stop this fraud soon. Maybe not today but very soon.
Shareholders who still believe on this crap may think about to sell even with a loss before this madness stops and forever.
IMO
MS
I have told on this board that we will see again a MOMO run prepared from a view Shareholders who bought up cheap in the last months and starting with moving this stock today and I am sure that Slavo knows this and put out the PR.
Of course, it is fake news. Nothing for real here. 160 Million Investment... hahahahah.. What a joke... EFLN goes NASDAQ.. LOL...
Fake Nigerian Loan Offers, Fake Gold Mines, etc..
Of course for the MOMO Group a nice 100%+ profit. For others who even think about to jump aboard on this actually Stock Price please don't do it. This will fall again...
IMO
MS
Agree but not any of this Toxic Gangs are offer longer Maturity Date. Max 12 months but normally we are talking about 6 months.
IMO
MS
Unfortunately, a lot of Shares will hit the Market in the next view Months when all this Toxix Gangs starting to convert. The only way that Management can resolve this problem is to find a non-toxic Group who will take over all outstanding notes worth over one million, payout these guys and get with Management on a long term. But this is not an easy job based on what happened in the last days/weeks. Normally an S-1 registration would help to raise funds for payback Debt Obligation but they are married with one of these Toxic Guys and therefore is useless.
IMO
MS
EMA Financial LLC a "friendly" Funder? Nothing else as part of the Toxic Gangs without mentioned here any name.
But this so-called "loan" agreements are a nothing else as a Convertible Agreement but now called LOAN". Power up doing this right now for some years. The company is not paying back the Loan at Maturity Date, Lender has the right to convert into Shares.
But "Loan Agreement" is better to read as "Convertible Note"
IMO
MS
I believe you mean "knew" instead of "new" LOL.. Have a great weekend.
MS
I agree with you there will be no R/S. This would definitely kill this Stock. But I don't believe there will any remove more less some planned action in the IR Awareness sector.
MS
Champ5
You are too long in this market. You know perfectly what this means or you want that I explain?
MS
R.I.P.
https://www.otcmarkets.com/stock/XREE/news/X-Rail-Entertainment--Inc-Announces--50-million-EzPAS-Equity-Offering-with-GPL-Ventures--LLC?id=180641&b=y
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=127053050
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=127881886
BTW: Blackbridge is already out of business because the SEC was after them so they changed to GPL Ventures but doing the same business. Toxic Financing until no BID is showing.
Take a look at PPJE.. NO BID
But anyway there is a certain "Trading" Formula in this so-called Equity Offerings to request funding from GPL and XREE will never reach out this Formula without doing a huge IR/Awareness Run. Never happened to obtain 50 Million USD in Funding. The only thing that will be happened is that GPL will convert a Note issued from XREE to cover some fees at Lowest Price possible to generate millions of Shares what will be dumped into the market. Happened in the past with other stocks and will always happen in the future with clients like XREE who believe having a long-term "institutional Partner" with them... LOL.
Forecasting: SELL!!
IMO
MS