Replies to post #60741 on EFuel EFN Corp (EFLN)

[Kool Aid Man]

SEC report Page 2

On November 1, 2010, Slovojub Stefanovic was found guilty in Florida state court of one count of arson in the second degree, one count of arson to defraud an insurer, and one count of arson to cause bodily harm, in connection with his setting fire to the "Cherokee Trading Post." Mr. Stefanovic was sentenced to five years probation.

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On January 8, 2017, Efuel filed its purported financial statement with OTC Markets, claiming that the company had been audited by Mr. Stefanovic himself, through his firm EuroAmerican Financial Network, Inc.

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Efuel's financial statement reports assets of over $519 million, with liabilities of approximately $3.7 million. The financial statement (which is only four pages) does not provide specific information as to what constitutes the $519 million in assets -only that Efuel supposedly has $15.1 million in "Property: Land, Building" and $500 million in "Land, minerals, and Gold Deposit." The financial statement does however, specifically state that it contains "audited results."

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The admission in the February 8, attorney opinion letter, that Efuel's audited financial statement was in fact internally prepared by Efuel with consulting assistance from Mr. Stefanovic's firm raises multiple red flags. First, it appears there is no independent auditor for Efuel's financial statements, even though the financial statements specifically state that they are "audited." Second, it is unclear whether Mr. Stefanovic is a CPA, or whether Euro-American is even an accounting firm. Third, Mr. Pena's statement that he has caused Efuel's financial statement to be examined by a "local independent accounting firm specializing in public disclosures," is an admission that Efuel has had the financial statement examined by an accounting firm, but that the company has not received an audit opinion from that undisclosed firm.

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C. The Underlying Facts Support OTC Markets' Designation of Efuel as a Caveat Emptor Issuer As explained above, the filing of false press releases regarding Efuel's status with OTC Markets and the numerous questions about the company's supposedly audited financial statements support OTC Markets' designation of Efuel as a Caveat Emptor issuer. In particular, the investing public is well-served by the information that Efuel's 2017 financial statement, which was filed on OTC Markets' website and is still publicly available, is not to be relied upon in its current form.

In short-- a convicted FELON along with his wife repeatedly LIED to investors by claiming EFLN's financials were "audited" when they clearly were not. Consequently nothing they claim can be trusted because they are liars. But by all means.. buy every share you can. Slavo the Pyro is holding another fire sale.