EKO International Inc (EKNL)

[21ZNA9]

More XP and EKNL Lies:

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"EKNL also announced a reduction in authorized shares amount limit to 75 Million and will be buying back shares in the open market with proceeds received from their FREMS technology!"
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To date EKNL still has not filed the amendment to reduce their authorized shares from 1,000,000,000 to 75,000,000 despite making the announcement in an October 15th press release. The process is extremely simple. You fill out a form and turn it in to the Colorado SOS. In that press release, EKNL did not say that they would be buying back shares with proceeds from FREMS sales. EKNL said upon the achievement of becoming cash positive and the repayment of all liabilities, EKNL intends on initiating a share buyback. EKNL has never been cash positive ever. Even when EKNL was allegedly doing over $1,000,000 in revenues in 2009 they still managed to accumulate liabilities in excess of $2 million because of operational costs. Since EKNL has yet to sell a single FREMS device through 3 months of marketing and only has a commitment for a future sale of no more than 5 devices to date do not count on EKNL ever achieving a share buyback.

http://finance.yahoo.com/news/eko-international-corp-reduction-number-140100279.html