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Tuesday, October 30, 2012 11:45:57 AM
$EKNL’s buzz is getting real crazy and is primed for a MAJOR breakout when Markets open on Wednesday. Be sure to stay tuned for MAJOR updates to be unleashed by the company and MONSTER contracts coming out from the 13th annual medical conference last weekend
$EKNL is definitely shaping up to be the BEST play of 2012.
$EKNL soared to another all time high on Friday and hitting an all time high price of $0.775.
Technicals are screaming a MAJOR BULLISH BREAKOUT with a confirmed long term GOLDEN CROSS already established.
We have seen how golden crosses can breakout prices big time, in fact our other monster medical company Lifevantage (LFVN), which interesting enough announced a share buy back as well as recently uplisted to Nasdaq soared big time when a golden cross hit.
What makes LFVN and EKNL monster plays are from key similarities.
1) No dilution or insiders selling any time soon and especially at these super low prices. In fact, this leads to our second key similarity,
“Upon the achievement of a positive income statement and the repayment of its liabilities, the Company intends to initiate a program to buy-back common shares on the open market.”
2) Share buyback in effect. Definitely the goal here is to move prices up to proper valuations and big boards like Nasdaq requirements. We also got confirmation with recent announcement selecting MaloneBailey LLP, Certified Public Accounting Firm for appointment as auditors of the Company.
3) Super Low float. With only 5.5 Million active float (shares available at the DTC for trading), EKNL‘s share inventory is drying up super fast, and this is already triggering a MAJOR BULLISH BREAKOUT.
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