~Ca$h Money $tock Pick$~

[stevo51]

$EFFI some Great DD thanx much to diamond for this:

$EFFI - some DD :

1. A/S - 200 million /// O/S - 40 million
2. Low float : 25 million
3. News out last week - deal should be finalized this week :


Efftec Initiates Acquisition Process of BitBank, a Bitcoin Market and Valuation Application for iOS

TULSA, OK--(Marketwired - Feb 13, 2014) - Efftec International, Inc. (OTC: EFFI): The Company is pleased to announce that it has initiated the acquisition of BitBank from a private firm. The terms, conditions, and price have already been agreed to and memorialized between Efftec and the private seller, and we expect the transaction to fully consummate within a short time.

Efftec targeted this particular application for a variety of reasons, to be expanded on once we fully close this transaction. Our general strategy which compelled us to make this acquisition is centered around our belief that cryptocurrencies represent, at once, a novel currency, a novel marketplace, and a unique financial instrument which is only in its infancy. It is not often that an entirely new sector is born, and we believe the potential for commerce in this sector holds almost unlimited potential for expansion, and increased adoption in the years to come. Along with the very likely growth of the entire cryptocurrency sector will come opportunities for those involved, and properly positioned, to reap the rewards.

The Company will release further details on our plans and strategy surrounding this acquisition once fully complete. We expect the transaction to be closed within 1 week's time.

Efftec International, Inc. (OTC: EFFI) is a holding company with four operating subsidiaries. Efftec's core focus is on the acquisition and development of proprietary technologies. The Company is actively expanding its footprint in the technology marketplace through acquisitions of profitable, revenue-producing companies with proven business models.

4. Has been flirting with the 52W High and will break it next week IMO. No way of telling how high it will go, but it will.

Other nice element to mention : the share volume has been increasing drastically the past week. I estimate that since beginning of Feb, half off the float has been changing hands.

http://stockcharts.com/h-sc/ui?s=EFFI&p=D&b=5&g=0&id=p16703980886

BTW - MACD around 0 and rising - RSI below 60 and rising. My first target is 0.05. With the low float it could go much higher.

5. Other interesting read :

http://www.morningstar.com/invest/articles/838117-efftec-international-inc-announces-asset-sale-updates-shareholders-current-activities.html

They still have the HDSN shares !!!

"This purchase was paid for by Hudson with a cash payment of $250,000.00 and a number of shares of Hudson Technologies, Inc. common stock with a value of $500,000.00 six months from the closing date. Efftec continues to hold the majority of the HDSN stock position on our books as a tangible asset; we have used the cash portion of the payment to eliminate a significant portion of outstanding debt, further improving our balance sheet while reducing our liabilities."

6. Acquired YamYam (book value 1.25 million) last year :

http://www.otcmarkets.com/stock/EFFI/news/Efftec-Provides-Details-and-Values-of-YamYam-Asset-Suite?id=71005&b=y