News Focus
News Focus
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detailman

05/02/11 2:26 PM

#31497 RE: homey_g #31495

Hey homey - I checked out the face book page and did not see anything written - now it is possible I may have not looked deep enough, but did not want to waste any time after the post screaming the news was a scam.

So I called IR and spoke to Frank who explained:
1) Emax owes EAFN money
2) EAFN has given permission for EFLN to collect on that debt , which most likely will end in EFLN taking a position in the company.
3) EAFN owns shares at present that they will sell and then purchase shares of EFLN on the open market s stated in the PR.
4) EFLN did not mention any names of any individual so therefore they did not need permission to make public the PR as written.

Hope that helps.

Now lets get rid of that CE !!
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pumper_stumper

05/02/11 3:07 PM

#31526 RE: homey_g #31495

Congrats folks! EFLN selling its Emax position should help EFLN greatly!

It is a great decision, as Emax keeps falling!

Get something from your EMXC shares while you can get at least SOMETHING for it! Smart move EFLN!