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Eline Entertainment Group Inc. (EEGI)

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Last Post: 9/25/2016 11:01:46 AM - Followers: 246 - Board type: Free - Posts Today: 3

Eline Entertainment Group Inc. (EEGI)


 

Quick DD:

 
1) New website domain elinegrp.com created on 10/5/2015 (http://whois.domaintools.com/elinegrp.com) website is currently still under construction 

Site temporarily down for redesign 
Please check back soon 

Eline Entertainment Group, Inc. (EEGI) 
manny /at/ elinegrp.com -> CEO responds to shareholders 

2) 10/6/2015 reinstatement on Nevada SOS: http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=%252fo7mAS1btY7pjHSZn0vTUg%253d%253d Status: Active 

3) New company address and New CEO: 

President - EMMANUEL GYAMFI 
Address 1: 836 GRUNDY AVE 
City: HOLBROOK 
State: NY 
Zip Code: 11741 
Country: USA 

4) Quarterly reports, annual report and attorney letter with respect to current information submitted to the OTC on 10/13/2015:http://www.otcmarkets.com/stock/EEGI/filings ;

5) Upgraded to OTC Pink Current tier on 10/15/2015 

6) the interim CEO, Emmanuel Gyamfi, used to be the interim CEO of PMRS which changed it's symbol to ANAS. PMRS/ANAS merged into the MMJ sector. PRMS/ANAS did a huge run (back in March/April 2014) from low tripz to .015ish on a 2.4B O/S, 5B A/S and 760MM float. (http://investorshub.advfn.com/boards/read_msg.aspx?message_id=98576416) ;

7) Float for EEGI is under 329 Million and it trades like it's less 

Authorized Shares 1,888,000,000 
Outstanding Shares 870,341,439 
Float 328,905,474 
Par Value 0.001

Latest News:

 
Eline Entertainment Group announces agreement to forgive $280,000 in convertible debt as part of a corporate cleanup effort
 
Nov 05, 2015

OTC Disclosure & News Service

Scottsdale, AZ -

November 5, 2015 – Eline Entertainment Group, Inc. (OTCPink: EEGI) today announced that the company’s only significant debtor, Peachtree Capital, LLC. Has agreed to forgive $280,000 in convertible debt that would have presented the possibility of serious dilution to the company in the near future.
 
The debt consisted of two notes, one for $190,000 and the other for $90,000, which was convertible at a very steep discount to the market price, and would have represented hundreds of millions, or possibly even billions of free trading shares hitting the market, and posing a serious risk of dilution to current and future shareholders. As part of the company’s preparations for a yet un-announced deal of some kind, the company intended to negotiate the terms to better protect the shareholders, knowing the debt posed serious risk to any substantial future success.
 
Eline’s Interim CEO, Emmanuel Gyamfi explained, “I knew that to reach any level of success positioning this company for future mergers or acquisitions, I would have to limit the threat that these notes represented. This was old debt that was acquired at a discount by the current debtor (Peachtree Capital, LLC.) My position with them was that removing the toxic debt would add great value to their current holdings in the company, and not to do something about it posed a significant threat to those holdings. To say I was pleased that we were able to do away with the notes completely is an understatement. I think the agreement also shows Peachtree Capital’s dedication to putting together solid deals that create real companies, with real a future. After all, It’s not everyday a company forgives $280,000 in loans.”
 
While Peachtree could have just amended the notes to be payable in cash and still held the debt, they realized that taking $280,000 in defaulted loans off of the balance sheet made the company much stronger and more attractive as an acquisition candidate. “It was just the smart thing to do at this time,” Said Ray Barton, Managing Director of Peachtree, “The debt did represent potentially damaging dilution, and truthfully we purchased it in the first place because we wanted to invest in EEGI without the possibility of these notes surfacing later on and diluting everyone down to nothing. Diluting the float with massive conversions and liquidations is extremely shortsighted, and is not part of our business model. We would much rather create a solid company with a real chance of a future that can show us much larger gains down the road.”
 
So, why adjust the structure of the company now? Why after months and months of virtual silence? While no acquisition or merger has been publicly announced, Mr. Gyamfi assures all shareholders that there is something game-changing coming very soon, and that everything will be made public as soon as it can be.
 
Websites:  (http://www.elinegrp.com/)
                 (http://www.cranium.tech/)



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EEGI News: Current Report Filing (8-k) 07/27/2016 11:00:16 AM
PostSubject
#15922  Sticky Note SHAREHOLDER LETTER 09/23 maradoods 09/24/16 02:57:23 AM
#15824  Sticky Note *** EEGI UPDATE 9-20-2016 *** MIKEY501 09/20/16 02:07:14 PM
#15942   LOL - would that be the debt note samsamsamiam 09/25/16 11:01:46 AM
#15940   $EEGI Technical Analysis http://www.stockta.com/cgi $Pistol Pete$ 09/25/16 12:42:34 AM
#15938   I think we should be making a march RG6 09/24/16 04:22:13 PM
#15937   I was reading it on my pc, there Shazbat 09/24/16 03:36:57 PM
#15936   Thanks for posting these letters for me guys, Shazbat 09/24/16 03:30:41 PM
#15935   Love the part that the peach tree debt MIKEY501 09/24/16 02:52:07 PM
#15934   It's not trendy, just amateur. stockinvestor01 09/24/16 02:02:33 PM
#15933   Are you reading it on your tv? Amievil 09/24/16 01:51:25 PM
#15932   thanks for posting. I really like what RammageRaul 09/24/16 01:45:41 PM
#15931   That on is older. Here is the new one: MarketMayhem 09/24/16 01:37:58 PM
#15930   I Agree! MarketMayhem 09/24/16 01:35:03 PM
#15929   SHAREHOLDER E-line Entertainment Group Inc. September 23, 2016 Romario Wallace @ Brooksda 09/24/16 12:53:31 PM
#15928   This really may turn out to be the brucebill 09/24/16 10:15:30 AM
#15927   Shame that letter is in red and very Shazbat 09/24/16 09:48:41 AM
#15926   Agreed. There is a lot to look forward Wolverine19 09/24/16 08:32:05 AM
#15925   Great shareholder letter. I really look forward to MarketMayhem 09/24/16 08:16:04 AM
#15924   AS is getting lowered soon ,that says a lot brucebill 09/24/16 06:15:28 AM
#15923   Looks promising brucebill 09/24/16 06:14:08 AM
#15922   SHAREHOLDER LETTER 09/23 maradoods 09/24/16 02:57:23 AM
#15921   It's a start up unless ole Romario has jimmyjam918 09/24/16 02:28:00 AM
#15920   Well well well, guess he has followed through BNP31 09/24/16 02:04:29 AM
#15919   SHAREHOLDER LETTER maradoods 09/24/16 01:03:09 AM
#15918   Respectfully so. Amievil 09/23/16 10:48:44 PM
#15917   I'm loaded for the next run. maradoods 09/23/16 07:56:23 PM
#15916   So we have at least 30 million on MoneystocksID2016 09/23/16 03:23:45 PM
#15915   So we have at least 30 million on MoneystocksID2016 09/23/16 03:23:45 PM
#15914   I bet NITE has 50 Million on 2's MoneystocksID2016 09/23/16 03:21:50 PM
#15913   NITE HAS MY 20 Million bid on 2's MoneystocksID2016 09/23/16 03:20:19 PM
#15912   EEGI looking great, those threes being used to MoneystocksID2016 09/23/16 03:18:54 PM
#15911   BIggest 0002 bid we have seen in a RavenDusk1 09/23/16 01:38:23 PM
#15910   I dont think anyone disagrees with that...Im an MIKEY501 09/23/16 01:15:51 PM
#15909   at these levels i'm not too excited by BNP31 09/23/16 01:15:05 PM
#15908   EEGI bid building nicely! MIKEY501 09/23/16 01:09:07 PM
#15907   while that is true you also can't blame BNP31 09/23/16 01:01:15 PM
#15906   Wonder how many of those three's really want MoneystocksID2016 09/23/16 12:34:31 PM
#15905   Just trying to shake and bake...not going to MIKEY501 09/23/16 11:28:38 AM
#15904   Looks like some one just put up there MoneystocksID2016 09/23/16 11:25:23 AM
#15903   buy @ the ask RammageRaul 09/23/16 10:20:22 AM
#15902   hopefully MIKEY D€N 09/23/16 09:43:20 AM
#15901   Ready for meaty news anytime now. MIKEY501 09/23/16 09:41:56 AM
#15900   gm $EEGI longz ... D€N 09/23/16 09:41:11 AM
#15899   Not expecting one. Updates are being done jimmyjam918 09/23/16 09:39:59 AM
#15898   let's see if there is a shareholder's letter BNP31 09/23/16 09:10:32 AM
#15897   Morning EEGI!!! Expecting news any day now. $EEGI MIKEY501 09/23/16 08:01:55 AM
#15896   Agree, patience is key. XMAN 09/22/16 11:59:44 PM
#15895   I have a big Crunk. .just waiting for RavenDusk1 09/22/16 10:56:10 PM
#15893   Look at the one year chart...this baby is Nikkie 09/22/16 06:55:39 PM
#15892   Looks like I made the biggest investment today! Nikkie 09/22/16 06:54:09 PM
#15891   If management keeps their word we see a BNP31 09/22/16 05:24:26 PM
#15890   Kinda debunks your massive dilution theory right sam. MarketMayhem 09/22/16 04:10:06 PM
PostSubject