EFuel EFN Corp (EFLN)

[rbtree]

Funny, isn't it? Assessed at $311k, but what is it really worth? RE appraisals typically come in a fair bit above assessed valuations...but 16 times higher, at $5m, the amount that the property is listed for? don't think so....

I don't think so! It surely will get no takers at that price, especially since the hotel next door is listed for $5.6 million... that property has far far more value in the improvements that the ramshackle Trading Post has.

Also interesting is the fact that EFLN finally paid their delinquent taxes, which amounted to well over $15,000. I wonder if there was enough net profit from the retail and rental at the site to pay the taxes, or if they had to use a credit card? Rumor has it that Slavo was too broke to pay a recent consulting/marketing bill of under a grand....hmmmmm

Key takeaway here is that EFLN is vastly overstating their assets..vastly!