EFuel EFN Corp (EFLN)

[Oz the OK]

why ?

Because they have NO revenue or just a trickle of one. The only income producing assets EFLN currently has, are those old, crappy websites from a few years ago. Go check the Alexa stats on them...they're dead. I have a small blog that has more traffic. They DO NOT OWN any of the assets that was this spring's big hype...the background checker and the iPhone app. Those are owned by INEX Solutions, Inc.

With no revenue, the only way for EFLN to pay bills, is either borrow money, issue shares to unload on the market, or a combo of the two.

They were all set to do a R/S for June, voted for by the board in April when the share price was around .0012. However, with the share price around .0020 in June, it was a no-brainer to cancel the R/S and just increase the A/S instead. This allowed them to sell their shares at higher prices for the summer, which they have slowly done, and that helped to slowly drive the price down to .0004 over a couple of month period.

So...if they were so willing to R/S before at .0012 when the OS was close to the A/S, AND, they did it previously, just a year ago, they would have no problem doing it again. I would say the closer the O/S comes to that 750 million number, the closer that date will come the board votes to hit the reset button.