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Monday, November 03, 2014 6:25:51 AM
The No News- News Release of January 10, 2013 from the "Family" at EKNL:
The recent press release from EKNL dated January 10, 2013 states the following:
"EKNL:.is pleased to announce that Rocky DiBenedetto has been appointed to serve as a director of the Company"
I think that Rocco DiBenedetto forgot that his son (Rocky) was already appointed as a Director of EKNL and this was disclosed one year earlier in OTC filings from January 5th, 2012 stating that Rocky is a Director/President of EKNL.
In these January 5th, 2012 disclosure documents Rocky is declared as holding 5 Million shares as well as being the President/Director of EKNL. Rocky DiBenedetto also exchanged the assets of his privately owned company 2200525 Ontario Limited for 16 Million shares in EKNL. Allegedly these assets were drug properties owned by Rocky's uncle James DiBenedetto that may have been seized by an Organized Crime multidisciplinary police task force as the proceeds of crime from James DiBenedetto's methamphetamine laboratory. As a result of this Rocky DiBenedetto had 21 Million free trading shares in EKNL and EKNL shareholders are left holding highly questionable assets. This is pretty good for a young electrician working in Etobicoke!
The January 10th 2013 press release also states the following:
"The Company also wishes to announce that, according to its records, the number of shares held by CEDE currently stands at 4,431,423 which is a reduction from the share number of 5,579,423 previously announced on October 31, 2012"
CEDE received the shares via Court Order against EKNL. What is apparent from this EKNL revelation is that CEDE has dumped approximately 1.15 million shares since the issuance of those shares. Given that EKNL is not passing the smell test for CEDE then it is understandable that they are getting rid of them as quickly as possible.
You state that the 'Active float just went down 1.1 million shares' and this is not at all true. These 1.15 Million in shares have simply traded hands to other naive and unsuspecting shareholders.
Thus this is a NO NEWS press release without substance or meaning.
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