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Tuesday, August 31, 2010 11:39:58 AM
THEY'RE DILUTING. The last three trading days, almost 70 million shares traded, compared to about 25 million total for the prior 7 days to that. It hit new all time lows. Even as I type, a new all time low bid of .0002.
They HAVE NO REVENUE...because, they HAVE NO PRODUCTS. THEY DON'T OWN THE BACKGROUND CHECKER OR IPHONE APP. How friggin' difficult is that to comprehend?
Frank won't answer inquiries any more. Cillo won't answer his phones. Ole Broke Azz discovered Frank was selling his shares, so OBA had the smarts to see the writing on the wall and got out. Smitter bailed a month ago. I bailed a couple of months ago. Other's are bailing to try and save...something, anything, even if it's just a couple hundred bucks.
This POS is not going to bounce. These crooks have used EFLN for one purpose...to sell shares. That's all they've done since Cillo took over this company in 2008. 1.5 BILLION shares unloaded since then. All they do is increase the A/S, dilute, then eventually R/S.
My best estimate is over a billion shorts will be forced to cover.
LMAO...Cover? You'll most likely see another surprise filing over on Sunbiz about another R/S before any of the MM's have to worry about some sort of short squeeze.
Oooh...why lookee there; .0002....0001 is almost here.
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