Smart buyers were definitely scooping up super cheap EKNL shares with a 45% bounce action off daily lows and closing at today?s high price ? a showing of EKNL?s brute force.
EKNL set a prime ?buy on dip? opportunity today? and setting up major support for a monster breakout formation we know all too well.
Our recent medical monster winner Lifevantage (LFVN) which recently uplisted to NASDAQ, shows time and time again the power of breakout trigger after a minor dip opportunity.
Each time LFVN triggered a HUGE breakout it was preceded by a ?HAMMER? candle stick formation exactly what we are seeing in EKNL now. These are the cues to add to our position and we will continue to take advantage of it as we head towards the next level breakout.
With fundamentals to support EKNL?s bullish trend, prices are primed for record highs.
News today just confirms that EKNL is well on it?s way to MEGA revenues with their first of many revenue updates including initial sales now in the books and looking to add MONSTER $$$ to their bottom line.
We first got a hint of major contracts when the company released an update from the Medical Conference they recently attended:
NCI will be providing demonstrations to a number of parties who have expressed serious interest in FREMS and are attending to finalize purchasing arrangements.
Today?s press release also confirmed the economics of EKNL?s revenue stream with initial sales of their FREMS equipment, NC-stat DPN Check devices and supplies. It is worth noting that? only minor potion resulted from the Medical Conference - this definitely tells us to expect some major $$ ready to be unleashed!
EKNL soared 45% higher right after news hit the wires as smart investors 
were definitely picking up super cheap shares.
EKO INTERNATIONAL INC. (the ?Company?) -(EKNL) is pleased to announce that NeuroVasc Clinical Inc. reports initial sales of $186,000 for the month of October 2012. Sales included FREMS equipment, NC-stat DPN Check devices and supplies.
Although a minor portion of October sales resulted from attendance at the Canadian Federation of Podiatric Medicine Conference in London, Ontario on October 26th and 27th, 2012, the Company is optimistic that the interest demonstrated in its products by health professionals will result in increased monthly sales volumes for the balance of this quarter.
We expect EKNL to provide an update on the results from the Medical Conference held at the end of October and expect significant updates and contracts that will push EKNL to record and sky high prices levels.
EKNL also hinted to investors that they will initiate a share buy back and uplisting to a higher exchange:
The Company further announces that 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.http://finance.yahoo.com/news/eko-international-corp-reduction-number-140100279.html
The Company is in the process of retaining an in-house accountant and qualified auditors for the purpose of upgrading the Company?s tier on the OTC Markets as the next step toward providing investors with the ?highest financial standards and superior information availability? finance.yahoo.com/news/eko-international-corp-investor-relations-134500975.html
No doubt with today?s announcement fast tracks them to start the process and definitely with share inventory drying up super quick, investors are heading to many more record highs.
Key points that make EKNL a solid long term play for MEGA gains:
1) No dilution or insiders selling any time soon and especially at these super low prices. In fact, this leads to our second key similarity?
?
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.
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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Source: http://www.ourhotstockpicks.com/eknl-hammering-down-hints-of-major-contracts-and-xtreme-gains/
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