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Eline Entertainment Group Inc. (EEGI)

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Last Post: 2/27/2017 8:07:12 PM - Followers: 407 - Board type: Free - Posts Today: 74

Eline Entertainment Group Inc. (EEGI)


As of 2/10/2017
Authorized Shares 5,000,000,000
2,664,529,727 - OS 
 2,078,093,780 -- FLOAT
586M Restricted
 
IR contact Adam Weiss: [email protected]

No shares have been issued since the end of last year. 
A/S recently reduced by 50%.



Pink Sheet CURRENT: https://www.otcmarkets.com/stock/EEGI/profile

 

Quick DD: 

Business Description

Eline Entertainment Group Inc (OTC: EEGI) Is a holding and consulting company in the process of refocussing its business model through a series of acquisitions and changes in management. The company will supply lighting structures including LED and other lighting systems to indoor farming facilities including the growing medical and recreational Cannabis industry.

 
1) New website domain -http://www.elinegrp.com/
Eline Entertainment Group, Inc. (EEGI) 


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:  Coming Soon!

CEO - 
Address:16211 N. Scottsdale Rd. A6A-192
Scottsdale, AZ 85254
Country: USA 

4) Quarterly reports with respect to current information submitted to the OTC:http://www.otcmarkets.com/stock/EEGI/filings

5) Upgraded to OTC Pink Current tier.


Latest News:

https://www.otcmarkets.com/stock/EEGI/news/Eline-Entertainment-Shareholder-Update?id=150390&b=y
 

Eline Entertainment Shareholder Update

Feb 03, 2017

OTC Disclosure & News Service

Scottsdale, AZ -

Eline Entertainment Company Update
 
Dear Shareholders,
I know everyone wants to know the details about our company and the incredible changes we are going through. I know being in the dark can be very frustrating. We are working day and night to get everything in order to be able to announce our direction and acquisitions. Its no secret at this point that at least part of our future is aimed at supplying the lighting systems to growers in the cannabis industry. This is an extremely lucrative business to be in and the lighting and irrigation systems are literally the key to this multi billion dollar industry so its a very exciting time for all of us. Our market consultant has notified us about the hundreds of emails per day heâ??s getting and I suppose that signifies great public interest. Anyone who announces a change in business and an acquisition or merger that is substantial in value, and completes everything in a week should be a huge red flag to everyone. These types of transactions take time to effectively close, and I know everyone is very anxious to hear more. We are still at the stage of deciding exactly what our board of directors will look like and of the experienced management team involved, who will take the position of CEO, COO, and CFO, but we are very anxious to start announcing appointments. 
    I can say that one of the major concerns for us is the recent trading. I will tell you that while we are not experts in the stock market, we are extremely concerned with the dilution of our equity and regardless of what it may look like on the quote systems, nobody has been selling billions of shares in a day. What we are seeing is very high volume turnover possibly due to day trading or some other creative trading methods. Our goal is to keep the number of outstanding shares as low as possible while closing our transaction, and then to use all of our resources to pay off outstanding debt and reduce the OS as much as possible. Can this be done quickly and effectively? It remains to be seen, but we will certainly pool our experience and try. Our object is to build a long term success here, not a fly-by-night operation.  
    For those of you curious about the current structure, it is the same as it was at the end of the year. As for the authorized shares, we plan to finish what prior management started and get the company domiciled in Wyoming first and then file an update to lower it. This will save the company almost eight thousand dollars. Money that can be used for many other things. Please try to understand that our goal here is the long term, not making a few people comfortable in the short term, so we must make decisions based on that goal even if it differs slightly from yours individually. Like any acquisition or merger, we will have to issue some preferred and possibly some common shares. These shares will be "control shares" that will be restricted and will not effect the float, so the current shareholders should not be concerned about this. Of course we are looking at ways to limit it and keep the number as low as possible. It would be great if another share never needed to be issued, but we are in the process of creating a new project from more than one existing companies, so we will issue the minimum necessary.
    I hope this update calms some fears about shares and dilution, or at least shows that we are trying to move this along as quickly as possible and keep an optimal business structure in place as we move forward in this most exciting venture. 
 
Thank you,
Eline Entertainment Group Management Team.

 

Copyright © 2017 OTC Markets. All Rights Reserved

 

Great Analysis of Feb 3rd PR!!  (Credit to StockInvestor01).

"Its no secret at this point that at least part of our future is aimed at supplying the lighting systems to growers in the cannabis industry. This is an extremely lucrative business to be in and the lighting and irrigation systems are literally the key to this multi billion dollar industry so its a very exciting time for all of us."

Sound like there are several Marijuana-related acquisitions on the table, not just lighting systems for Cannabis. Perhaps dispensaries, irrigation, etc?

"Anyone who announces a change in business and an acquisition or merger that is substantial in value, and completes everything in a week should be a huge red flag to everyone. These types of transactions take time to effectively close, and I know everyone is very anxious to hear more. We are still at the stage of deciding exactly what our board of directors will look like and of the experienced management team involved, who will take the position of CEO, COO, and CFO, but we are very anxious to start announcing appointments."

I like that they are taking their time and properly putting everything in place to effect maximum shareholder value moving forward. I also like that they mention that the current acquisition is 'substantial in value', so we could be looking at instant established revenue.

"Our goal is to keep the number of outstanding shares as low as possible while closing our transaction, and then to use all of our resources to pay off outstanding debt and reduce the OS as much as possible. Can this be done quickly and effectively? It remains to be seen, but we will certainly pool our experience and try. Our object is to build a long term success here, not a fly-by-night operation."

Sounds like after the acquisitions are complete, they may be in a position to quickly wipe out the remaining $248K of debt and even effect a share buyback.

"For those of you curious about the current structure, it is the same as it was at the end of the year. As for the authorized shares, we plan to finish what prior management started and get the company domiciled in Wyoming first and then file an update to lower it. This will save the company almost eight thousand dollars. Money that can be used for many other things."

The share structure posted in the iBox is still current and not a single share has been issued since last year. So, the idea of any dilution going on has been finally laid to rest. When the domicile movement to WY SOS is complete we will see the 5 billion reduction in A/S reflected in the filings. Per Adam, this is currently underway.

"Like any acquisition or merger, we will have to issue some preferred and possibly some common shares. These shares will be "control shares" that will be restricted and will not effect the float, so the current shareholders should not be concerned about this. Of course we are looking at ways to limit it and keep the number as low as possible."

Shares will only be issued for acquisition purposes and will be restricted and will not affect the float.

"It would be great if another share never needed to be issued, but we are in the process of creating a new project from more than one existing companies, so we will issue the minimum necessary.
I hope this update calms some fears about shares and dilution, or at least shows that we are trying to move this along as quickly as possible and keep an optimal business structure in place as we move forward in this most exciting venture."


Sounds like this could be a conglomerate of several Marijuana companies. This could be mega moving forward.

Hope this is helpful. GLTA!

Link to PR: https://www.otcmarkets.com/stock/EEGI/news/Eline-Entertainment-Shareholder-Update?id=150390&b=y


 






  


 
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EEGI
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EEGI News: USMJ and MLCG SHORT SQUEEZE Pressure Mounts – PPS Ready To POP 02/08/2017 09:04:31 AM
EEGI News: USMJ and MLCG PPS Skyrocket Potential - Two BULLISH rated Marijuana Stocks Also On Most Shorted List 01/31/2017 09:37:50 AM
PostSubject
#26984  Sticky Note SOME COMMENTS ABOUT TODAY'S PR: stockinvestor01 02/03/17 01:20:30 PM
#26654  Sticky Note Building a long term Marijuana company! I thought stockinvestor01 02/03/17 09:27:02 AM
#20497  Sticky Note Eline Entertainment Group to take exciting new direction stockinvestor01 01/24/17 11:23:56 AM
#29992   WHO CARES ABOUT MMs?! b Scumbag Fraudsters 02/27/17 08:13:00 PM
#29991   I think MMs know more about EEGI as Majk76 02/27/17 08:07:12 PM
#29990   been sitting there for a week and only Mako Hunter 02/27/17 06:57:52 PM
#29988   Picked up some 1s glenngroove 02/27/17 06:52:59 PM
#29986   EEGI jde313 02/27/17 06:44:32 PM
#29985   Like I said before, EEGI investors care more Scumbag Fraudsters 02/27/17 06:39:49 PM
#29984   Isnt that whats moving into this shell Mako Hunter 02/27/17 06:27:49 PM
#29983   Save some $$ to buy more in May, Scumbag Fraudsters 02/27/17 06:20:34 PM
#29982   Hope he feels better bro! letitgrow24 02/27/17 06:01:33 PM
#29981   Nothing new yet...take care of your son. Hope blackshirej 02/27/17 06:01:23 PM
#29980   Anything new to report? My son has been Backstabbed 02/27/17 05:59:01 PM
#29979   I'll take soon too. Just knowing that it's letitgrow24 02/27/17 05:53:23 PM
#29978   I agree. I've been disappointed so many times 06goat 02/27/17 05:46:33 PM
#29977   The company is not on your timetable. Maybe stockinvestor01 02/27/17 05:46:03 PM
#29976   BS as usual.... Doesnt matter if we are Majk76 02/27/17 05:22:35 PM
#29975   March 1st is Wednesday and a lot of SBGFast 02/27/17 05:09:02 PM
#29974   yes, scumbag it's starting to feel like there sealskin123 02/27/17 04:52:43 PM
#29973   Everyone braced for disappointment tomorrow? Scumbag Fraudsters 02/27/17 04:49:29 PM
#29971   This bottom feeding Pleco! Hope it discovers life soon!! therook 02/27/17 03:53:43 PM
#29970   picked up some 1s today glenngroove 02/27/17 03:53:13 PM
#29969   Entirely possible...if that email from Adam wasn't falsified, blackshirej 02/27/17 03:22:59 PM
#29968   Yeah, well depends if he is getting paid glenngroove 02/27/17 02:43:02 PM
#29967   I don't what to tell ya mate1 I sealskin123 02/27/17 02:41:36 PM
#29966   I wouldn't get too excited and build this LCJR 02/27/17 02:31:10 PM
#29965   I don't believe Adam wrote that! The time Stockcaller 02/27/17 02:30:13 PM
#29964   Almost a month... hopefully news soon Clout 02/27/17 01:43:40 PM
#29963   I would assume that being their IR guy/consultant, blackshirej 02/27/17 01:39:18 PM
#29962   I think that is the norm for an sealskin123 02/27/17 01:31:30 PM
#29961   So Adam is saying that he is not glenngroove 02/27/17 01:27:08 PM
#29960   I went with the eff it option sealskin123 02/27/17 01:04:05 PM
#29959   Thanks seal. I like the word major information JimBobCooter 02/27/17 12:53:56 PM
#29958   Thanks for sharing this! I think the next MoneyNeverSleeps 02/27/17 12:45:44 PM
#29957   Hell if It comes out in March I'll letitgrow24 02/27/17 12:12:14 PM
#29956   I keep checking. Just waiting any moment!!! letitgrow24 02/27/17 12:11:05 PM
#29955   AGREED! Let's keep our fingers crossed! It's about MoneyNeverSleeps 02/27/17 12:01:30 PM
#29954   Let's wait for the news :-) MoneyNeverSleeps 02/27/17 12:00:41 PM
#29953   Part of my order was filled of .0001 Maze1700 02/27/17 11:40:19 AM
#29952   Looks like we have some peeps pulling their JimBobCooter 02/27/17 11:33:10 AM
#29951   Maybe, Maybe not. timetomakemoney 02/27/17 11:28:08 AM
#29950   this means that there is no news 1ST.???? penywoo 02/27/17 11:27:23 AM
#29949   this means that there is no news 1ST.???? penywoo 02/27/17 11:27:22 AM
#29948   No problem, Either way, I would love to timetomakemoney 02/27/17 11:18:30 AM
#29947   My apologies on my post. OTC Markets has monkeyfingers 02/27/17 11:17:15 AM
#29946   It's going the bid. timetomakemoney 02/27/17 11:12:58 AM
#29945   Had 5ml bid for 5 days never filled Joseywales 02/27/17 11:12:08 AM
#29944   Maybe I have too many for my bid. JimBobCooter 02/27/17 11:08:58 AM
#29943   Anyone else get this awesome sensation that this JimBobCooter 02/27/17 11:07:14 AM
#29942   I picked up 2.5 ml this morn bid Joseywales 02/27/17 11:06:17 AM
#29941   Have to decide today if I want to JimBobCooter 02/27/17 10:55:29 AM
#29940   Thanks for sharing. I gave you a follow Mark! timetomakemoney 02/27/17 10:52:41 AM
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