Efuel EFN Corp. (OTC Pink: EFLN) is engaged as a diversified holding company. Shares of the holding company are rallying 19.05%, through early trading on Friday. Over the past month, Efuel EFN Corp. has seen average daily volume of 10.7 million shares. However, volume of 39.71 million shares or dollar volume of $99,275, has already exchanged hands on Friday.
Shares of Efuel EFN Corp. are gaining today, after the company announced that the Stefanovic family has elected to hold 1.6 billion shares of restricted common stock, which has a fixed price of $1.00. The company notes that locking up blocks of shares will help increase company value and prevent sale of the restricted shares until the $1.00 per share target is reached. Here is the full press release detailing of the restricted stock plan:
Efuel EFN Corp. Press Release:
WILDWOOD, FL–(Marketwired – Aug 25, 2017) – Efuel EFN CORP. (OTC: EFLN) is a holding corporation with five business divisions: 1. Solar and Wind Energy Division. 2. Real Estate, Agricultural Land Division. 3. Investment Divisions. 4. Retail, Hospitality Division. 5. Plans and Construction Division announced that the company, Stefanovic Family, has elected to hold 1,600,000,000 (one billion and six hundred million) restricted shares of Common Stock at the fixed price of $1.00 per share. EFLN would like to continue to increase the value of the company by buying from the market and restricting (by holding) these shares. This means the company cannot sell any shares until the price of our common stock is $1.00. By doing this, it will help increase our credibility, and allow us to borrow additional funds to invest back into the company. The company share structure not changing. EFLN has 2,500,000,000 common shares, 1,000,000,000 Prefer “A” shares and 35,000,000 Prefer “B” shares with voting right according to company BY-LAWS.
The company has large assets, and plan to grow balance sheet and net income statement with seals and direct investment into company by prospective investors. The company received finances and working to extend company business plan. eFUEL EFN CORPORATION purchase property and liability insurance on corporation assets and company liability. The company has negotiated partner sheep with Atlantic Surveyors and Mappers LLC., on potential $16,000.000 project. The company will pay all Real Estate Tax on properties.
The fixed conversion price of $1.00 per share represents a significant premium of 10,000 % to the Company’s latest closing bid price of $ 0.001 prior to the shareholding notice by the Stefanovic family.
The Chief Financial Officer, Mr. Slavoljub Stefanovic, states, “We are making tremendous progress with the company. I remain fully confident with the long term growth of company. I am not worried with the day to day, or short term fluctuations of the stock price.” Mr. Stefanovic continues, “I have managed a very large fund called EURO-AMERICAN FINANCE NETVORK, INC., so I understand that it takes hard work and dedication, to make a company prosperous. Investors and shareholders will begin to notice the potential this company offers.”
Statements in this press release that are not statement of historical or current fact constitute ” forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company’s actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward – looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as “believes,” belief,” “expects,” “expect,” intends,” intend,” anticipate,” anticipates,” plans,” plan,” to be uncertain and forward-looking. The forward- looking statements are also subject generally to other risks and uncertainties that are described from time to time in the Company’s filings with the Securities and Exchange Commission.