$EFLN - CEO says they will buyback shares to get t
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Posted On: 05/09/2017 7:54:01 AM
$EFLN - CEO says they will buyback shares to get to 20 cents per share. This is a requirement to access a 35mil loan.
No increase in AS for 5 years
Company owns 1.6bil of 2.5bil sh outstanding
Currently buying more shares and will continue those efforts to lower the float
Report discussing buyback
http://www.otcmarkets.com/financialReportView...;id=171333
Report discussing 20 cents per share requirement on page entitled Lucrative Growth Environment Predicted for EFLN Corp. - paragraph 3
http://www.otcmarkets.com/financialReportView...;id=171333
This money is needed to continue/complete the mall project which has already begun.
No increase in AS for 5 years
Company owns 1.6bil of 2.5bil sh outstanding
Currently buying more shares and will continue those efforts to lower the float
Report discussing buyback
http://www.otcmarkets.com/financialReportView...;id=171333
Report discussing 20 cents per share requirement on page entitled Lucrative Growth Environment Predicted for EFLN Corp. - paragraph 3
http://www.otcmarkets.com/financialReportView...;id=171333
This money is needed to continue/complete the mall project which has already begun.
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