EFuel EFN Corp (EFLN)

[tganz]

they are investigating i email them a few days ago this is what they said. so they could resume trading if conditions are met but the investigation could be on going


From: newyork <[e-mail]>
Date: Wed, Apr 4, 2018, 7:38 PM
Subject: FW: Ticker EFLN
To: [e-mail] <[e-mail]>

Mr. Thomas,

As you know, on March 21, the SEC announced the temporary suspension of trading Efuel ENF Corp. (“EFLN”), (see https://www.sec.gov/litigation/suspensions/2018/34-82918.pdf. As stated in the release, the Commission temporarily suspended trading in the securities of Efuel ENF due to concerns about the accuracy and adequacy of information in the marketplace about, among other things, the company’s status with OTC Markets Group Inc.

For more information about trading suspensions, please see our Investor Bulletin on Trading Suspensions (available at http://www.sec.gov/investor/alerts/tradingsuspensions.pdf). As is noted therein, the SEC will not comment publicly on the status of a company when the ten-day suspension period ends because the company may still have serious legal problems. For instance, the SEC may continue to investigate a company to determine whether it has defrauded investors. The public would not know if the SEC is continuing its investigation unless the SEC publicly announces an enforcement action against the company. Furthermore, when an SEC trading suspension ends, a broker-dealer generally may not solicit investors to buy or sell the previously-suspended over-the-counter (OTC) stock until certain requirements are met. Before soliciting quotations or resuming quotations in an OTC stock that has been subject to a trading suspension, a broker-dealer must file a Form 211 with the Financial Industry Regulatory Authority (FINRA) representing that it has satisfied all applicable requirements, including those of Rule 15c2-11 and FINRA Rule 6432.

Thank you,



From: <[e-mail]>
Date: April 3, 2018 at 12:06:00 PM EDT
To: <[e-mail]>
Subject: Ticker EFLN
Since this stock has been suspended are there any new developments. Has it been determine if there is wrongdoing on the part of efln. Will trading resume on April 6.