EFuel EFN Corp (EFLN)

[Mondragon]

The asset they've purchased is "Commercial property on U.S 301 and Florida Turnpike, Wildwood, Florida 34785". I'm not certain what that implies. It could just be land.

I couldn't really pin-point where it was on google maps. Everything that came up was residential property. The property is possibly a non-revenue generating asset. Which doesn't help their cash flow.

Anyway, It seems as though they've taken on an estimated $1.7 million in new liability for this property. Plus they've paid an estimated 450 Million newly issued common shares for the property as well.

If the common shares where sold at .01, as in previous agreements, the total cost of the property must be around $6.2 Million.

That is inline with the increase to assets.

The share structure is effectively maxed out. To continue acquiring new assets they'll have to take on more fiscal liability OR raise the shares authorized.

It also seems they've tried to make a cash flow statement on their second quarter's report. They didn't do so well; honestly it's not a cash flow statement at all.

Shares Outstanding as of June 30th : 2,459,982,109
Shares Authorized: 2.5 Billion