EKNL is definitely on a record breaking tear hitting another all time high price of $0.79 up 8.2% for the day and is set up perfectly for a major breakout run towards near term target of $2 – a no brainer with HUGE contracts ready to be unleashed by EKNL.
Belize City, Belize -- (SBWIRE) -- 11/01/2012 -- Publishers of daily penny stock newsletter xtremepicks (http://www.xtremepicks.com) looks at EKO International (EKNL:PINK)
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Xtremepicks is committing to feature EKNL well into November
With MONSTER contracts and many more solid updates to be unleashed Xtremepicks is committing to profile EKNL well into November. The story building up here is too good, and prices are insanely cheap.
EKNL unleashed solid news yesterday updating investors of the largely successful Medical Conference this past weekend. No doubt a teaser of HUGE contracts to follow. But, what is especially awesome was the company confirmed float of 8 Million shares (5.5M active float in CEDE).
"The Company wishes to confirm, that from Company records, the current float of common shares has not increased and remains at 8,079,427 and that of these, the number of shares held by CEDE is 5,579,423." EKO International Corp - London Ontario Conference update
This just confirms 100% there was zero dilution since xtremepicks initial alert at $0.04, and definitely makes sense as valuation increase big time to even more new all time high!.
Barchart definitely agrees EKNL is a "strong" buy and no doubt ready for a Major bullish breakout to soar to more records.
With dollar level prices close at hand we expect institutional investors to look very closely and definitely look to pick up a significant position - best opportunity to maximize gains is now!
EKO International Corp.
What makes EKNL such a monster play are because of key points:
1) No dilution or insiders selling any time soon and especially at these super low prices. In fact, this leads to the second key similarity,
“Upon the achievement of a positive income statement and the repayment of its liabilities, the Company intends to initiate a program to buy-back common shares on the open market.”
2) Share buyback in effect. Definitely the goal here is to move prices up to proper valuations and big boards like Nasdaq requirements. Investors 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.
About EKO International
EKO International Corp. is a holding company focused on growth through acquisition. Each acquisition must have substantial growth potential and is expected to add assets and/or cash-flow to the consolidated financial statements of the Company. The Company is willing to examine a variety of proposed target businesses and if interested, will negotiate terms and conditions of purchase favorable to itself.
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