GotMomoStocks.com Places Price Target of $1 On EKO International Corp (EKNL)

Jan. 24, 2012 - PRLog -- GotMomoStocks.com has delved into days of research reading SEC and disclosure documents for EKO International Corp (EKNL) and has officially given EKNL their stamp of approval for the next monster stock play of the year. This approval is not given out to just any company, but one that fits all the criteria of exponential growth, whistle clean books, acquisitions in the near future, and a sound management team.

Through their research, GotMomoStocks.com has found that there is merely 153,199 shares held by CEDE / DTC and the number of free trading shares is 10,153,136, but interestingly enough over 2 million shares have traded thus far. Technically this is impossible to do, but this lead to the discovery that market makers are illegally naked short selling EKNL and making more shares available to the public. GotMomoStocks foresees one of the biggest short squeezes ever witnessed on a stock and that means big money for investors who are currently buying.

It only takes one person with more shares than what is in the CEDE / DTC to ask for a stock certificate in physical form and your broker will realize that the shares can not be delivered. This will in turn cause your broker to try and buy back your shares at a premium, resulting in a price movement higher. Several shareholders will be executing this strategy with over 700,000 shares and refuse to sell under $1.

The SEC is very strict on naked short selling and can be permanently banned for such an offense.

THE SEC AND NAKED SHORT SELLING

The emergency actions rule expired August 12, 2008.[39][40][41][42] However, at September 17, 2008, the SEC issued new, more extensive rules against naked shorting, making "it crystal clear that the SEC has zero tolerance for abusive naked short selling". Among the new rules is that market makers are no longer given an exception. As a result, options market makers will be treated in the same way as all other market participants, and effectively will be banned from naked short selling.

On April 27th, 2007, the Company completed a share reverse split of 300:1 (300 old shares for each new share).  Shareholders are advised to check the CUSIP number on certificates that they hold to verify that they are holding new share certificates.  The post 300:1 Reverse Split shares bear the CUSIP number 268554201.

EKO International Corp has just released a PR containing valuable information pertaining to their latest acquisition to be completed at the end of the month. This acquisition will add immeasurable value to EKNL further causing the short squeeze to continue.

EKO International Corp. (EKNL) is a reverse merger company with the same characteristics as the famous monster stock play, DROP, which was alerted at $.0016 and hit a high of $1.25 in December 2011. The feasibility of EKNL reaching the target price of $1 is extremely high in GotMomoStocks.com's opinion.

The entire article and company updates is available here http://gotmomostocks.com/homepage/recent-updates/1161-ekn...

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Company Description
EKO International Corp., a development stage company, engages in acquiring, and developing companies. The company, through its subsidiaries, provides management and financial advisory services through Web based systems. The company also involves in building industrial machinery. Subsidiaries EKO Canada Corp.: EKO Canada Corp. operates as a wholly owned subsidiary of the company and conducts its business in Canada. Accrue Professional Services Corp.: Accrue Professional Services Corp. provides management and financial advisory services. The company assists businesses to improve operational performance through management and the use of Web based systems. Envirometals Corp.: Envirometals Corp. engages in the production and marketing of scrap metal processing equipment. The company also processes scrap metal produced by metal working factories. Brevina Tool & Die Ltd.: Brevina Tool & Die Ltd. engages in machine building and intellectual property operations. EKO Wines Corp.: It operates as Hemispheres Wine Guild. It engages in acquiring specialty wines from worldwide wineries on behalf of its club members. Niagara Industrial Finishes Inc.: It provides industrial finishes for heavy, industrial, commercial, marine, and transportation equipment. The company has also developed a proprietary air flow management system, which permits onsite painting/blasting.

Contact Info
30 Duke Street
Suite D2
St Catharines, ON
L2R 5W5
Canada
Phone: 800-274-9363
Fax: 800-274-9363

www.ekointernational.com

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