EFuel EFN Corp (EFLN)

[photojunky]

Sorry but I'm out for now. I feel like I've been ripped off by management, and I also feel like a fool because there were some warning signs I ignored. It seemed when ever we got the long awaited news, the stock would rise for a second then drop. Dilution? Also the last PR was suspicious. The line that made me nervous was, "preliminary agreement with Extreme Synergy." That's not solid or is it complete. Then there was the news that "the new BackgroundChecker app is currently available for download at the Apple iTunes Store." This came several days after the fact. We already new that. Then there was the R/S, and the PR that followed. "Due to new business opportunities and contracts the Board unanimously voted to not execute the proposed reverse division of the common shares." Well that's great but what new contracts? It is three weeks later and so far all we have is the
"preliminary agreement with Extreme Synergy." Then another warning sign was a little over a week ago I need some money for a quick trade so I sold $3K worth and the stock dropped like a rock, about 20%. The next day when I put the money back in it did not rise.

I still think the company has potential, but the management must have heavily diluted the stock and has scared away all the investors including myself. If anyone talks to "Baghdad Bob" (Frank), please post it.