Eko International Corp (EKNL) URGENT UPDATE by GotMomoStocks

April 10, 2012 - PRLog -- EKO International Corp.

The significance of the latest press release from Eko International Corp is that just under 3 million shares have been confirmed to have been illegally naked sold into the market and will be required to buy back in the open market. The press release also mentions that the oeBin acquisition is still in play and will proceed after the litigation is resolved.

A price target of $2 is imminent and it is only a matter of time. Time to make a choice, buy your ticket, or watch the show pass you by.

Court Order re: Issuance of Stock
Apr 09, 2012

EKO INTERNATIONAL CORP. (the “Company”) (EKNL) announces that THE COURT OF CHANCERY OF THE STATE OF DELAWARE  has issued an order in furtherance of an application brought by CAPITAL PATH SECURITIES LLC and LEGENT CLEARING LLC to have re-issued 2,926,224 shares of EKO International Corp. common stock, which the company maintained were improperly sold out of a cancelled 5,000,000 share certificate held by one shareholder that represented a position of more than 10% of the current issued and outstanding shares of 28,756,809.

For the rest of the article and more updates on EKNL, please visit here http://gotmomostocks.com/homepage/recent-updates/2097-ekn...

Short Squeeze Explained -

Some bullish investors see high short interest as an opportunity. This outlook is based on the short interest theory. The rationale is, if you are short selling a stock and the stock keeps rising rather than falling, you'll most likely want to get out before you lose your shirt. A short squeeze occurs when short sellers are scrambling to replace their borrowed stock, thereby increasing demand and decreasing supply, forcing prices up. Short squeezes tend to occur more often in smaller cap stocks, which have a very small float (supply), but large caps are certainly not immune to this situation.

If a stock has a high short interest, short positions may be forced to liquidate and cover their position by purchasing the stock. If a short squeeze occurs and enough short sellers buy back the stock, the price could go even higher.

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