DragonBear
4 years ago
EFLN never issued a "Forged Letter"! -wrong
Try calling up a news wire service EFLN, or some other Microcrap scam uses for PR releases. Try to get them to issue a PR you have made up for the company. You won't get too far.
Note also EFLN never disputed they released the PR. Further more in the SEC Administrative filing notice it was clearly stated:
Efuel released the doctored letter via Globe Newswire, and additionally posted iton Efuel's Twitter account (@EfuelEFNCorp). As of March 21, 2018, the letter remained viewable on Twitter and Yahoo Finance.
So, are you trying to argue some diabolical force of evil also, hacked the EFLN tweeter site? Putting up the "Forged Letter", and by some strange chance the Stefanovics never took it down, because they never noticed it?
DragonBear
4 years ago
The entire SEC document is slander-LOL
And that's why the Stefanovics never sued the SEC for slander?
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.
If none of that occurred, it would be an open&shut case for Stefanovic. So why don't you dig up a link where Stefanovic successfully sued the SEC for slander. A successful lawsuit would've been worth $Ms to Stefanovic.
Then we can progress to how our hero Slavoljub leased some land in California, and suddenly claimed to have $500M in assets. Of course they never hired any engineering firm to provide estimates or follow SEC Guide 7 standards. Slavo just pulled a wild number out of the Internet ether that sounded good. And the result was SEC litigation to get Stefanovic barred from the Market.
Permanently prohibiting the Stefanovics from participating in any offering of a penny stock, pursuant to Section 21(d) of the Exchange Act, 15 U.S.C. § 78u(d);
Goodbye Slavo
Oh gee wizz, the last time Slavoljub, and EFLN issued a PR pump was back on 16-Mar-18, titled: "eFUEL EFN Corp. Announces Full Acquisition of Possible $1B Mining Property and Potential Uplisting". Isn't it always interesting how a scammer under SEC litigation seems to suddenly become very quiet? Which does make EFLN a "Zombie Microcrap Scam Stock". A stock that periodically trades, but without any insider pumping out PRs to support it. The stock stumbling around in the graveyard like a Zombie. Stefanovics still trying to negotiate with the SEC as to how much penalties they will have to pay, while being barred from the market. Happy Trading! LOL
DragonBear
4 years ago
Have you looked lately? SEC had no choice
Choice? EFLN is not a registered stock with the SEC. As such the only action the SEC could take was to suspend it. Which occurred 05-Apr-2018.
The cause was when the OTC Market Group placed a Caveat Emptor on the stock due to non-disclosure. In response first EFLN protested they were up to date on disclosure. When that didn't work, EFLN issued a forged letter from the OTC Market Group indicating they were up to date, and the Caveat Emptor would be removed. At which point the OTC Market group screamed fraud to the SEC. And the SEC suspended the stock for 10 days. Since that time it has been stuck on the Grey sheet, with no MM sponsoring a quote for the stock.
EFLN is trading again and has some new sources of earnings!
And where can these new sources of earnings be found?
For the lmao part, the last SEC document is laughter all the way
SEC document
Remember the valuable infamous Cherokee Trading Post as a source of earnings? I especially like this part:
EFLN's principal place of business in Wildwood, Florida appears to be the"Cherokee Trading Post" and "Cherokee Cafe," a retail store and restaurant operated by the Stefanovics. On November 1, 2010, Slavoljub 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." He was sentenced to five years' probation
Apparently in the last couple of years our hero Slavoljub, demanded that the SEC order the OTC Market Group to remove the Caveat Emptor on the stock. So that once again it would have trade as a solicited quote on the new so called "Expert" OTC Market. Only one problem... the SEC has no authority to direct the OTC Market Group to do so! Slavoljub isn't quite the brightest around.
Nothing has happened with this stock in the last 2 yrs! The SEC suspended it 2 yrs ago. It fell into the Grey sheets. The OTC Market Group had it Caveat Emptor in 2018, and still does. The stock can trade off the Grey sheet with unsolicited quotes, like any other Grey sheet stock. Have fun trying to trade a Zombie stock. Where oh where are you Slavoljub Stefanovic! ROTFLMAO!
rbtree
4 years ago
The accusations were spot on. They leased some claims, which have never been mined, let alone explored. There might be some gold on the claims, but these clowns will never find out. For all we know, seeing as they aren't even sending reports to the OTCM, they aren't even keeping up the lease payments.
All of us that exposed these scammers have been spot on. As is the ongoing SEC litigation.