Here is the hard fact and easy math for EFLN:
From the latest financial report (see the link below) EFLN has $519,347,428 total assets which includes the so-called "gold reserves" which accounts for $500,000,000 asset. Let's take out $500M from the total asset.
So EFLN actually has $19,347,428 real assets which are verified by the company tax reports and various public filing documents! Also EFLN has $3,709,000 total liability. Therefore its Net Asset (NA) is only $15,638,428, not the claimed $515,638,428! EFLN has 2,460,982,109 shares OS. Thus its Book Value (BV = NA/OS) is $0.0064
per share v.s. the stock is trading at ridiculous low price $0.0001 per share (PPS) now! The BV of EFLN is 64 Times
of its PPS! https://backend.otcmarkets.com/otcapi/company/financial-report/185325/content
A year ago EFLN ever hit $16.974M Market Value (at $0.0069
) v.s. the company's Net Equity Value is $15.638M! Which means the trading price of a stock will finally match its true value.