Solid company? How did you come up with that? They're a non-reporting company. NON-REPORTING means nobody has a frigging clue what the balance sheet or profit/loss statements are. It's a guess, a dartboard. Their PR's have been nothing but pure BS. They never bought that 30% of INEX, yet all their PR's were tied to revenue for the assets of INEX. EFLN doesn't have any income producing assets...those old dating websites are dead. Just how stupid do people have to be to think revenue for one company is revenue for a totally different company? That's why the stock stopped popping on all PR's since June. Smart money saw right through them.
With no financials to go on, you are left with just reading the market action. Well, they've been diluting the snot out of this thing all summer. Look at the charts. A slow decline as those 300,000,000 more authorized shares from June have been slowly, methodically, week by week, diluting the float...5 million here, 10 million there, probably about 30 million the past two days.
I read the newbs in here claiming that with only 750 million A/S, a squeeze will soon happen. Sorry, the last time the A/S was 750,000,000 and close to maxed out, they increased the A/S to 980,000,000...and when that got maxed out because of the continued dilution, they R/S it. They were all set to R/S it again in June, but with the price around .0020, it was better to increase the A/S and dilute more for the summer; they'd get more revenue for the dilution with the price higher.
If people in here think the price can't really go any lower...go ahead and hold onto this POS. Then when they R/S it yet again, you'll see what pain is like. It's scam crap pinks like this that turn positions with millions of shares into one with just a couple thousand; and thousands of dollars into pennies per $100.
Frank selling his shares should have been the biggest read flag witnessed all summer. If the rats are abandoning the ship...what does that tell you about the ship?
