Recently received complaint to SEC... Link:
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Posted On: 06/27/2018 2:02:44 PM
Recently received complaint to SEC...
Link:
https://www.sec.gov/litigation/apdocuments/3-...ent-11.pdf
Some of the content:
June 4, 2018
Brent Fields, Secretary
Security and Exchange Commission 100 F Street NE
Washington, De 20549
Re: United States of America Before the
Securities and Exchange Commission
Securities Exchange Act of 1934 Release No. 82182 / May 7, 2018
Admin. Proc. File No. 3-18420
In the Matter of EFUEL EFN CORP
Order Requesting Additional Written Submissions
Mr. Fields,
I am filing as a non-party with an interest in this matter. My name is John K Murphy and I am a large (128M) and longtime shareholder of the stock under the symbol EFLN.
I believe that this company has been wronged by the OTC Market Group, Market Makers, and several IHUB bashers who claim not to even own any shares. I find it hard to believe that anyone would spend as much time as some of these bashers if there is no financial benefit to be received. The question would be: What is their agenda? Are they paid to do what they do? If so, who is paying them and why? Also, most of these bashers are Board Moderators and anything positive posted about EFLN or anything that questions their position usually gets deleted anyway. Again, it looks like it all works toward their suspected agenda which at best is very questionable.[/color]
I respectfully request that the SEC do their due diligence on the company and look after the common shareholder on this one. Please do not view it as just another Penny Stock situation that you just need to get off your desk. After investigation, in the world of Penny Stocks, 1 think you will find this one to be quite respectable as compared to the majority of them that are somehow allowed to trade every day.
I request that the SEC also fully investigate the claims of extensive Naked Shorting which I believe are 100% accurate. I think a thorough investigation of the six Market Makers would uncover this issue. Consistent news reports indicate the SEC's issues with out of control Naked Shorting and their desire to get it under control and clean this business up . Here is your chance on this stock.
EFUEL had nothing to gain (but much to lose) by putting out a false Press Release . To my knowledge EFUEL did not sell any shares after this release and has not sold any for years. This should be easy to verify. So the question begs; what would be EFUEL's motivation to put out a false Press Release. Makes no sense.
The Authorized Shares for EFLN has remained at 2.58 shares since 2011 with 1.6B shares being restricted to $1. This stock has not been diluted since 2011. Again, something that should be easy to verify.
Also, to my knowledge, EFUEL, under its present ownership has never been in .trouble with the SEC before.
EFLN is a Penny Stock with Assets, Restricted Shares, No Dilution, No Toxic Debt, & Profitable.
Again, I ask that the SEC perform a thorough investigation on this matter with an eye on taking care of the common shareholder that gets hurt through all of the questionable practices in the market today .
Please clear EFLN to trade again in the open market system .
dSifnceretly, ,H
Shareholder
Baton Rouge, La. 70816
edac ea
To
Brent Fields, Secretary,
Security and Exchange Commission 100 F Street NE
Washington de 20549
Re: Securities Exchange Act of 1934 Release No. 82182/May 7, 2018 Admin Proc File No. 3-18420
In the matter of EFUEL EFN CORP Mr. Brent Fields,
This is Sudharshan Minumula, a long term share holder of EFLN. I am writing this email as a non-party with an interest in this issue. As you know, EFLN is non SEC compliant company and it has filed all the financials till date as needed hence it is supposed to be 'Current' on otcmarkets.com. Before investing in this company I did my due diligence and found that the company has Assets, good revenue, less liabilities, No toxic financing, management holds large portion of outstanding shares and never did any dilution of the shares or increased the Authorized/Outstanding shares. From my experience, these points are very positive in OTC pink sheet stocks and very rare to see this kind of OTC stocks. Even with this many positive points/Catalysts/Potential business growth, the share price was going down because of some manipulation . I did some research and seems like there is huge Naked Shorting which is causing the share price to go down. You can investigate on naked shorting of EFLN where you can find short reports on 1. REG SHO 2. otcshortreport.com.
From my observation, EFLN is a victim here and there is lot of manipulation of this company by Market Makers and !HUB bashers. Lot of bashers on !HUB message boards are spreading wrong/misleading information about EFLN to create panic and bullying investors by deleting their positive posts . EFLN management doesn't have a need to create fake otcmarkets document and release it as PR since EFLN management never sold any shares from longtime and in fact they announced that they bought 80% of outstanding shares and buying more shares from open market. Otcmarkets.com's CE issue PR damaged the company to almost zero and all the loyal shareholders are losing everything. Please do thorough investigation on this case and protect shareholders of EFLN and also try to move EFLN to the OTC pink sheets from Gray market once you find no fault with EFLN
Thanks & Regards
Link:
https://www.sec.gov/litigation/apdocuments/3-...ent-11.pdf
Some of the content:
June 4, 2018
Brent Fields, Secretary
Security and Exchange Commission 100 F Street NE
Washington, De 20549
Re: United States of America Before the
Securities and Exchange Commission
Securities Exchange Act of 1934 Release No. 82182 / May 7, 2018
Admin. Proc. File No. 3-18420
In the Matter of EFUEL EFN CORP
Order Requesting Additional Written Submissions
Mr. Fields,
I am filing as a non-party with an interest in this matter. My name is John K Murphy and I am a large (128M) and longtime shareholder of the stock under the symbol EFLN.
I believe that this company has been wronged by the OTC Market Group, Market Makers, and several IHUB bashers who claim not to even own any shares. I find it hard to believe that anyone would spend as much time as some of these bashers if there is no financial benefit to be received. The question would be: What is their agenda? Are they paid to do what they do? If so, who is paying them and why? Also, most of these bashers are Board Moderators and anything positive posted about EFLN or anything that questions their position usually gets deleted anyway. Again, it looks like it all works toward their suspected agenda which at best is very questionable.[/color]
I respectfully request that the SEC do their due diligence on the company and look after the common shareholder on this one. Please do not view it as just another Penny Stock situation that you just need to get off your desk. After investigation, in the world of Penny Stocks, 1 think you will find this one to be quite respectable as compared to the majority of them that are somehow allowed to trade every day.
I request that the SEC also fully investigate the claims of extensive Naked Shorting which I believe are 100% accurate. I think a thorough investigation of the six Market Makers would uncover this issue. Consistent news reports indicate the SEC's issues with out of control Naked Shorting and their desire to get it under control and clean this business up . Here is your chance on this stock.
EFUEL had nothing to gain (but much to lose) by putting out a false Press Release . To my knowledge EFUEL did not sell any shares after this release and has not sold any for years. This should be easy to verify. So the question begs; what would be EFUEL's motivation to put out a false Press Release. Makes no sense.
The Authorized Shares for EFLN has remained at 2.58 shares since 2011 with 1.6B shares being restricted to $1. This stock has not been diluted since 2011. Again, something that should be easy to verify.
Also, to my knowledge, EFUEL, under its present ownership has never been in .trouble with the SEC before.
EFLN is a Penny Stock with Assets, Restricted Shares, No Dilution, No Toxic Debt, & Profitable.
Again, I ask that the SEC perform a thorough investigation on this matter with an eye on taking care of the common shareholder that gets hurt through all of the questionable practices in the market today .
Please clear EFLN to trade again in the open market system .
dSifnceretly, ,H
Shareholder
Baton Rouge, La. 70816
edac ea
To
Brent Fields, Secretary,
Security and Exchange Commission 100 F Street NE
Washington de 20549
Re: Securities Exchange Act of 1934 Release No. 82182/May 7, 2018 Admin Proc File No. 3-18420
In the matter of EFUEL EFN CORP Mr. Brent Fields,
This is Sudharshan Minumula, a long term share holder of EFLN. I am writing this email as a non-party with an interest in this issue. As you know, EFLN is non SEC compliant company and it has filed all the financials till date as needed hence it is supposed to be 'Current' on otcmarkets.com. Before investing in this company I did my due diligence and found that the company has Assets, good revenue, less liabilities, No toxic financing, management holds large portion of outstanding shares and never did any dilution of the shares or increased the Authorized/Outstanding shares. From my experience, these points are very positive in OTC pink sheet stocks and very rare to see this kind of OTC stocks. Even with this many positive points/Catalysts/Potential business growth, the share price was going down because of some manipulation . I did some research and seems like there is huge Naked Shorting which is causing the share price to go down. You can investigate on naked shorting of EFLN where you can find short reports on 1. REG SHO 2. otcshortreport.com.
From my observation, EFLN is a victim here and there is lot of manipulation of this company by Market Makers and !HUB bashers. Lot of bashers on !HUB message boards are spreading wrong/misleading information about EFLN to create panic and bullying investors by deleting their positive posts . EFLN management doesn't have a need to create fake otcmarkets document and release it as PR since EFLN management never sold any shares from longtime and in fact they announced that they bought 80% of outstanding shares and buying more shares from open market. Otcmarkets.com's CE issue PR damaged the company to almost zero and all the loyal shareholders are losing everything. Please do thorough investigation on this case and protect shareholders of EFLN and also try to move EFLN to the OTC pink sheets from Gray market once you find no fault with EFLN
Thanks & Regards
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