Sunday, January 13, 2013 9:59:04 PM
$EKNL – Goals ‘Insiders’ definitely have in mind
If investors were not convinced by EKO International (EKNL) looking to add HUGE value for its shareholders when they announced their plan of a share buyback program in October,
EKNL – Announces share buy-back, reduces authorized! October 15th, 2012
the company definitely confirmed it last week with the announcement of the “active” share float reduction by 20% and for sure looking to reduce the active float even more.
Definition of ‘Share Buyback’
The repurchase of outstanding shares (repurchase) by a company in order to reduce the number of shares on the market. Companies will buy back shares primarily to increase the value of shares still available (reducing supply)
EKNL – Active float just got reduced 20% by 1.1M shares! January 10th, 2013
The Company also wishes to announce that, according to its records, the number of shares held by CEDE currently stands at 4,431,423 which is a reduction from the share number of 5,579,423 previously announced on October 31, 2012. http://finance.yahoo.com/news/eko-international-corp-appointment-director-144000608.html
This is insane, the only reason to buy back shares is of course to move prices up, but the underlying reason would be to get uplisted to the NASDAQ or NYSE board!
This was confirmed when the company announcement selecting MaloneBailey LLP, Certified Public Accounting Firm for appointment as auditors of the Company.
“The Company is in the process of retaining an in-house accountant and qualified auditors for the purpose of upgrading the Company’s tier on the OTC Markets as the next step toward providing investors with the “highest financial standards and superior information availability” – OTC Markets”
So reducing float, share buyback, auditor selection sure does seem to be telling an interesting story. This is definitely a unique play rarely heard of with an OTC listed company that looks to be preparing for an uplisting to the broader exchange like NASDAQ & NYSE!
Now, it gets even better, EKNL with JV partner Neurovasc has been building a huge network of partnerships, relations, and referrals.
The key relationship with WalMart which they currently have their NC-Stat DPN testing devices for Diabetic Neuropathy are in over 100 of their Stores! Not to mention, key partnerships with iMDhealth.ca network giving EKNL access to thousands of physician, diabetes education centers and health care providers for diabetics across Canada, and first of many Clinics, the Mayer Institute including recent announcement of launching clinics in the USA to treat patients with their FDA approved FREMS technology
Now, here’s the kicker, EKNL recently mentioned they are to attend the Walmart Canada Professional Services Conferences of 2013 in Vancouver, BC (April 4-7) and in Toronto, ON (April 25-28).
Looks like, EKNL is building up something massive towards these Key conferences in April, and definitely looks like they are getting everything in order.
Members definitely do not want to miss out on any opportunity here to scoop unbelievable valued shares. We are keeping our $2 price target in check and with what EKNL has been building over the past few months, we will definitely be there with them as we approach these Key conferences in April.
EKO International Corp.
If investors were not convinced by EKO International (EKNL) looking to add HUGE value for its shareholders when they announced their plan of a share buyback program in October,
EKNL – Announces share buy-back, reduces authorized! October 15th, 2012
the company definitely confirmed it last week with the announcement of the “active” share float reduction by 20% and for sure looking to reduce the active float even more.
Definition of ‘Share Buyback’
The repurchase of outstanding shares (repurchase) by a company in order to reduce the number of shares on the market. Companies will buy back shares primarily to increase the value of shares still available (reducing supply)
EKNL – Active float just got reduced 20% by 1.1M shares! January 10th, 2013
The Company also wishes to announce that, according to its records, the number of shares held by CEDE currently stands at 4,431,423 which is a reduction from the share number of 5,579,423 previously announced on October 31, 2012. http://finance.yahoo.com/news/eko-international-corp-appointment-director-144000608.html
This is insane, the only reason to buy back shares is of course to move prices up, but the underlying reason would be to get uplisted to the NASDAQ or NYSE board!
This was confirmed when the company announcement selecting MaloneBailey LLP, Certified Public Accounting Firm for appointment as auditors of the Company.
“The Company is in the process of retaining an in-house accountant and qualified auditors for the purpose of upgrading the Company’s tier on the OTC Markets as the next step toward providing investors with the “highest financial standards and superior information availability” – OTC Markets”
So reducing float, share buyback, auditor selection sure does seem to be telling an interesting story. This is definitely a unique play rarely heard of with an OTC listed company that looks to be preparing for an uplisting to the broader exchange like NASDAQ & NYSE!
Now, it gets even better, EKNL with JV partner Neurovasc has been building a huge network of partnerships, relations, and referrals.
The key relationship with WalMart which they currently have their NC-Stat DPN testing devices for Diabetic Neuropathy are in over 100 of their Stores! Not to mention, key partnerships with iMDhealth.ca network giving EKNL access to thousands of physician, diabetes education centers and health care providers for diabetics across Canada, and first of many Clinics, the Mayer Institute including recent announcement of launching clinics in the USA to treat patients with their FDA approved FREMS technology
Now, here’s the kicker, EKNL recently mentioned they are to attend the Walmart Canada Professional Services Conferences of 2013 in Vancouver, BC (April 4-7) and in Toronto, ON (April 25-28).
Looks like, EKNL is building up something massive towards these Key conferences in April, and definitely looks like they are getting everything in order.
Members definitely do not want to miss out on any opportunity here to scoop unbelievable valued shares. We are keeping our $2 price target in check and with what EKNL has been building over the past few months, we will definitely be there with them as we approach these Key conferences in April.
EKO International Corp.
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