EFLN is one I warned someone else about on this board too. EFLN is a fraud.and #2 on the list, alone will result in an SEC suspension if they keep trying to claim their 'lease' as assets and the 'minerals' as assets. Minerals are dead, the gold mines were cleared out a long time ago and hold no significant value anymore. EFLN is claiming 500 million in assets from this. THAT IS FRAUD PEOPLE. They are getting a lot of notes and financing for real estate project (a shopping mall facility) that will not pan out. Large retail spaces are shutting down left and right and the commercial real estate bubble is a very big deal that is not getting any attention. Just like the sub prime mortgage issue in the 2000s. Again, they lease this land, they do not own it. I would love to see any proof of ownership. I have dug in public records etc and there is nothing. Only a lease in which they do not own mineral rights. Only rights to mining, except the mines are all mined out.
2. Real Estate, Agricultural Land Division:
The company has 2,905 acres land and 21 gold mining properties in California. The company has scientific time conducting detail studies on gold mining claims. The management started negotiating with Neck Philipello to purchase 70,000 acres farm with minerals in NEW MEXICO and TEXAS.
Read More: https://investorshangout.com/post/view?id=475...z4thE8fQTT
THIS IS JUST MY OPINION OF COURSE. glta invested if you feel differently, I just will sleep better knowing I shared my unsolicited two cents
BB out.
2. Real Estate, Agricultural Land Division:
The company has 2,905 acres land and 21 gold mining properties in California. The company has scientific time conducting detail studies on gold mining claims. The management started negotiating with Neck Philipello to purchase 70,000 acres farm with minerals in NEW MEXICO and TEXAS.
Read More: https://investorshangout.com/post/view?id=475...z4thE8fQTT
THIS IS JUST MY OPINION OF COURSE. glta invested if you feel differently, I just will sleep better knowing I shared my unsolicited two cents
BB out.
6
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There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in all and any posts.
My posts are NOT investment advice. I am not paid to post.
The writer of the above post shall NOT accept any liability for the accuracy or completeness of the information contained in the above post, for any reliance placed by any person on the information contained in the above post, or for any damage or loss, however caused, in connection with the use or reliance on any information contained in the above post.
The above post may contain links to websites owned and operated by third parties.
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