Replies to post #59738 on EFuel EFN Corp (EFLN)

[15for2]

thanks Karma11,
been in and out of this stock for a long time, before Slavo took over, just happened to be out when this happened, hope you guys and the company move up the exchange ladder, get out of the OTC swamp once and for all, it is the only hope for EFLN now.

[TenKay]

I am afraid the whole “naked short selling market makers” is a rather prevalent myth in the OTC...or at the very least a hugely misrepresented and misleading characterization of how trade facilitation and reporting actually works.

There is no such thing as a “HIDDEN” naked short position. It can’t be hidden...for a variety of reasons.

But whenever a POS penny stock goes in the tank the old “naked short selling” narrative gets rolled out.

...but never ever turns into any sort of reality. Just easier to blame some mythical unseen creature than the scammers running the company I guess.

I see EFLN is no different in this regard as there is no naked short here.

And this stock will never come back to quoted trading given the issues involved...let alone EVER “uplist” to an exchange.

[Kool Aid Man]

"Naked Shorting" B.S.--the fault lies squarely with Stefanovics' ham-handed attempt to manipulate the market by uploading a fraudulent/ forged letter to their OTC "News" page on Monday. What's truly hilarious is they actually thought they could get away with it long enough to dump shares and score a quick payday. This seems provable by their not immediately disavowing the letter the day they supposedly received it. Heck, the fact that the CE wasn't promptly removed on Monday should have been a tip-off.

IMO, once people started asking why the CE remained the Stefanovics planned to blame OTC for their slowness in its' removal.. blame some other issue.. and ultimately blame some anonymous manipulator for sending them a fraudulent letter which they innocently uploaded. They're always the victims.

Unfortunately for them their scam was exposed Tuesday morning and the dumpfest ensued. A few bottom fishers showed up yesterday and the tape was painted up end of day. Now they're screwed as well. An autopsy on their trading will prove whether the Stefanovics were buyers or sellers this week.

EFLN, Slavoljub and Ljubica are now squarely in the cross hairs of investigators, regulators and, most likely, criminal prosecutors. IMO this will be an easy conviction --probably a guilty plea followed by a permanent bar. Authorities need to make an example of crooks now and then and this seems an easy win for them.