When most entrepreneurs decide to go into business for themselves, they usually pay money for access to a network of contacts, registration for live events, pitch-it-in person events and other networking opportunities. This niche has created a revenue machine for EFactor Group Corp. (EFCT) who stated over a month ago that fourth quarter 2014 revenues would come in around $1.15 million which would be nearly double the $619,034 reported for the nine months ended September 30, 2014. Although ts only been drips and drabs for EFCT stock thus far in 2015, that all could change now that traders are becoming more aware of it.
Want to crush the Markets and make profits of $624, $2,897, even $40,656?
Click HERE To Make Sure You Get All Of Our Penny Stock Alerts!
EFCT Stock Quote / Chart
EFactor Group operates what they call The EFactor network, a network of over 1.5 million like-minded Entrepreneurs to provide its proprietary selection and matching algorithm to offer specific content and resources designed to help Entrepreneurs grow their businesses and to coach and inspire members whenever they’re feeling frustrated by setbacks. The “Do As I Say, Not As I Do” moto would be more than just a proverb of business advice when inspecting the balance sheet the Company had provided for the period ended September 30, 2014.
Two weeks ago, management at EFactor Group determined that they had to increase their authorized shares from 175 million to 300 million for a reason not many investors would want to hear:
“we have a number of convertible promissory notes outstanding. If these convertible promissory notes are converted, approximately 2,000,000 additional shares of common stock would be issued to the noteholders. Accordingly, if the maximum number of shares are issued upon the conversion of currently outstanding promissory notes and in connection with possible acquisitions, we would exceed our number of authorized shares of common stock.”
With $17,171,709 of their $18,889,811 worth of assets being classified as “Goodwill,” a $13,524,715 increase since December 31, 2013, it’s a no-brainer why EFactor has to increase their authorized shares in order to dilutively continue their operations. Sure much of the debt on the Company’s books is convertible into common shares at prices ranging from $0.50 to $2.00 per common share, but whenever there’s smoke, there tends to soon be fire which adds a R for risk to EFactor’s EFCT stock.
Looking for the Best Penny Stocks to Buy?
Click HERE To Receive FREE Penny Stock Alerts
About EFCT Stock
EFactor Group Corp. is a development stage company that owns a group of entrepreneur-focused service companies and EFactor.com, a niche social network providing content and resources for entrepreneurs worldwide.
425 2nd Street
San Francisco, CA 94107
Phone: (650) 380-8280
Issued and Outstanding: 146,897,069
Last 5 Trading Sessions:
Dunno what else to say except that the penny stock alerts out on EFCT stock have already highlighted as much of the risk factors one could look out for. It looks like EFCT stock could be on the radar all week long which means looking to see how it trades today could dictate how to swing it during the week.
We are 100% Anti-Spam and will never rent or sell your information.
Many of our picks go up 100%, 200%, even 10,000%, see for yourself.