I am too old to care about political correctness. It is my belief when you invest in a company it is up to you to do your own DD. It is up to the individual investor to research the company background, management, finances and more. If you invest in a company without this knowledge and lose your money you have nobody to blame but yourself.
Kop and Snappermelon:
Your questions are valid. So let me start at the beginning. The past few years I have had many conversations with Slavo/family I believe him/family to be honest, hardworking, dedicated, determined and wanting to do the right thing for investors and the company. For the record I have never asked or received any Information that would compromise the company.
It is as important to know the personalities and character of the management team as well as the company itself. Nine out of ten penny stocks are based on nothing more than thin air, pump and dump, bad management, no finances, no assets and the list goes on. I believe EFLN is the exception.
Slavo/EAFN opened its doors according to Slavo 1991. They built a substantial private company based on long hours, drive, determination and family.
Fast forward EFLN.
1. Slavo/family acquired a controlling interest in EFLN.
2. For EAFN this was an inexpensive entrée to the market hence acquiring EFLN. In hindsight purchasing a clean shell would have been the way to go.
3. Slavo and family were totally naïve on how markets work their responsibility to investors, government oversight and had no idea the cost involved in building a public company i.e. Filings, reporting, investor confidence, PR and more. No excuse Slavo and family did not do there D D and stepped into it.
Fast forward today. They are still learning the market. They’re still shocked at the cost of operating a public company and they still have much to learn. The same philosophy they used when building EAFN. That same determination, drive and honesty they will use to build EFLN. There is a language barrier however this does not lessen the fact that Slavo is a very, very smart and astute business man.
EFLN’s aversion to company debt is slowing down its forward momentum. Slavo estimates certified filings will cost EFLN between 35 and 50 thousand. When EFLN’s cash is sufficient they will proceed with necessary filings in order to move EFLN from the OTC to the BB. This is a primary objective of EFLN. They are well aware of what must be done and are in no hurry to make more mistakes. They believe slow and steady and EFLN will move forward without accumulating debt and achieve their stated goals.
My biggest beef with the company is they are not in this century when it comes to technology i.e. The difficulty in finding EFLN’s new web site is just one example of their lack of understanding of today’s technology. Quite obvious to most investors they should have hired a person to handle their shortcomings a while ago.
On a side note:
Slavo contacted the OTC this week they are reviewing all submitted files and assured him the CE will be removed soon. A PR and marketing campaign will begin after CE’s removal also EAFN received letter of intent approving 150 million dollar line needed to build Cherokee Malls. Remember EFLN holds leases on Cherokee properties and this asset will move into EFLN.
Conclusion I have complete confidence in EFLN’s ability to move forward, enhance assets, cash reserves and build a substantial holding company.
