With the presidential election now over, markets are set to resume normal trading but EKNL already proves that this play is anything but normal! Holding on super solid to 1,500% gains for over 6 weeks speaks volume and recent updates give a definite sign that EKNL is on a monster tear to higher prices.
Belize City, Belize -- (ReleaseWire) -- 11/07/2012 --Publishers of daily penny stock newsletter xtremepicks (http://www.xtremepicks.com) looks at EKO International (EKNL:PINK)
It is worth repeating EKNL‘s update this week on their initial sales figures in October sets key items in motion with increase share demand and decrease supply – a primed trigger for HUGE Gains.
EKNL closed another solid green session yesterday 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.
Of particular importance is the super low 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, xtremepicks 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 it’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 investors have been seeing for most trading days with EKNL, buys outpacing sell by a 5 to 1 margin.
Even yesterday’s trading investors seen 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!
Xtremepicks will continue to be front and center adding to our position – potential here is insane and xtremepicks will continue to feature EKNL for the entire month of November.
EKO International Corp.
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.
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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Xtremepicks.com your trading connection and remember to always do your own research, use stop loss orders to protect yourself, and book your profits when in a position to do so.
Xtremepicks.com profiles are not a solicitation or recommendation to buy, sell or hold securities and is not offering securities for sale. Xtremepicks did not receive any compensation for the profile of EKNL and may be buyers in the open market Verify all claims and do your own due diligence. An offer to buy or sell can be made only with accompanying disclosure documents and only in the states and provinces for which they are approved.