EKNL – The supply and demand of it all. EKNL cl
Post# of 102228
EKNL – The supply and demand of it all.
EKNL closed another solid green session at $0.655 and with the company’s report of initial sales of their FREMS equipment, NC-stat DPN Check devices & supplies, we anticipate that the company buy back program is now coming into play.
We will keep a close watch on the active float of 5.5 million shares. With the company in hot pursuit for shares to buy back, this figure will definitely decrease. With monster contracts also hinted by the company and expect to be unleashed soon, we anticipate significant increase in demand for EKNL shares. This all points to a HUGE upward pressure in prices.
HIGHER DEMAND, LOWER SUPPLY = MUCH HIGHER PPS!
When you have increasing demand, decreasing supply i t’s a no brainer the effect on the price per share (PPS). The question now is just how high. Definitely our near term price targets of $2 is clearly in sight.
It is interesting to note, and what we have been seeing for most trading days with EKNL , buys outpacing sell by a 5 to 1 margin.
Even today we see total buys of 110K vs 26K sales – showing just how strong hands EKNL shares are in .
Share buy back, selecting MaloneBailey LLP, Certified Public Accounting Firm as auditors, and 5.5 million float all scream uplisting to the big board like NASDAQ , and with minimum price requirement of $2.00 – you bet this is the primarily goal for EKNL in the near term!
Key points that make EKNL an XTREME breakout play:
1) No dilution or insiders selling any time soon and especially at these super low prices.
2) Share buyback in effect . Definitely the goal here is to move prices up to proper valuations and big boards like Nasdaq requirements. We also got confirmation with recent announcement selecting MaloneBailey LLP, Certified Public Accounting Firm for appointment as auditors of the Company.
3) Super Low float . With only 5.5 Million active float (shares available at the DTC for trading), EKNL ‘s share inventory is drying up super fast, and this is already triggering a MAJOR BULLISH BREAKOUT. We expect this number to significantly reduce as the company begins their buy back program.
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