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Eline Entertainment Group Inc. (EEGI)

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Last Post: 3/22/2017 3:39:32 PM - Followers: 399 - Board type: Free - Posts Today: 52

Eline Entertainment Group Inc. (EEGI)


As of 2/10/2017
Authorized Shares 10,000,000,000
8,164,529,727 - OS 
7,578,093,798  -- FLOAT

 
IR contact Adam Weiss: [email protected]
 



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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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
#31649   That depends what lies are being released regarding sealskin123 03/22/17 03:39:32 PM
#31648   Smarty pants. No one shows up at a Backstabbed 03/22/17 03:36:27 PM
#31647   There seems to be 2 questions here/ sealskin123 03/22/17 03:32:59 PM
#31646   That's noThing! Go check hct* Backstabbed 03/22/17 03:21:21 PM
#31645   Define deeper seal. How many shares u have Backstabbed 03/22/17 03:19:24 PM
#31644   Is the ask 1B at 0002 real? TONY55 03/22/17 03:18:16 PM
#31642   Sources agree that locked shares... kingpindg 03/22/17 03:05:54 PM
#31641   Well stated Clout. I agree with you.Every day sealskin123 03/22/17 02:55:38 PM
#31640   Lol no ones dumping bcuz were at 1's. Clout 03/22/17 02:45:28 PM
#31637   L2 shows getting close. Netcool 03/22/17 01:30:16 PM
#31636   At least everyone is holding for now. No Backstabbed 03/22/17 12:48:34 PM
#31635   I was taking having a bid for granted, gucci-67 03/22/17 12:47:23 PM
#31634   This is just a personal theory, but... stockinvestor01 03/22/17 12:25:51 PM
#31632   All of this information is completely moot until JimBobCooter 03/22/17 11:28:52 AM
#31631   Yes interesting indeed. They are contractually locked up stockinvestor01 03/22/17 11:26:12 AM
#31630   Just posting the info....I'm calm as can be cause jimmyjam918 03/22/17 11:24:28 AM
#31629   Per Adam, they are contractually locked up for stockinvestor01 03/22/17 11:22:26 AM
#31628   Thanks, GLTY too. timetomakemoney 03/22/17 11:18:22 AM
#31627   Pretty awesome management issued themselves common shares at 06goat 03/22/17 11:17:58 AM
#31626   LOL, .0001s have been selling for months. timetomakemoney 03/22/17 11:16:47 AM
#31625   Yeah, it's interesting that they chose to issue stockinvestor01 03/22/17 11:16:04 AM
#31624   Wait for the overreaction. JimBobCooter 03/22/17 11:15:08 AM
#31623   Float just updated ~ Thanks 02opida 03/22/17 11:05:03 AM
#31622   Jesus christ! That is utterly utterly disgusting!these guys BNP31 03/22/17 11:04:46 AM
#31621   Now I understand why Adam was Hired. Over timetomakemoney 03/22/17 11:01:01 AM
#31620   EEGI, Great News! Now we know for sure it's Clint Morewood 03/22/17 10:58:29 AM
#31619   Wow, that's even worse then I thought. Damn! timetomakemoney 03/22/17 10:57:51 AM
#31618   Float just updated jimmyjam918 03/22/17 10:55:22 AM
#31617   After this major debacle,The easiest way to start timetomakemoney 03/22/17 10:53:38 AM
#31616   We will see. timetomakemoney 03/22/17 10:50:47 AM
#31615   A couple of details people are missing here JimBobCooter 03/22/17 10:46:57 AM
#31614   That's correct which would mean that if/when the jimmyjam918 03/22/17 10:44:54 AM
#31613   Oh I almost forget the "VERY SOON" comment timetomakemoney 03/22/17 10:38:37 AM
#31612   Yes that's why the statement "very soon" on timetomakemoney 03/22/17 10:34:27 AM
#31611   OR his job is done. Remember he was timetomakemoney 03/22/17 10:28:58 AM
#31610   I would suspect it is up there...But until jimmyjam918 03/22/17 10:24:29 AM
#31609   The 9.9% ceiling applies to the number of kingpindg 03/22/17 10:23:32 AM
#31608   I don't think it's a matter of personal BNP31 03/22/17 10:22:00 AM
#31607   Yes and the major question you have to timetomakemoney 03/22/17 10:17:45 AM
#31606   Obviously, the update to the AS/OS was to jimmyjam918 03/22/17 10:13:27 AM
#31605   The company didn't update the FLOAT. Just the timetomakemoney 03/22/17 10:02:38 AM
#31604   Well, being negative will not take us anywhere. Backstabbed 03/22/17 09:59:59 AM
#31603   No it's still there just the stick is timetomakemoney 03/22/17 09:57:45 AM
#31602   The carrot is not there anymore just the sealskin123 03/22/17 09:56:18 AM
#31601   Yes, EEGI is turning into a Carrot Dangler. timetomakemoney 03/22/17 09:53:37 AM
#31600   Sad, junk since I got in.....gonna run alright therook 03/22/17 08:26:17 AM
#31599   ANOTHER Barton scam revealed today. Scumbag Fraudsters 03/22/17 12:52:28 AM
#31597   Holding all my shares here! Expecting some juicy MoneyNeverSleeps 03/21/17 11:36:39 PM
#31596   Patience is KEY here! MoneyNeverSleeps 03/21/17 11:35:46 PM
#31595   I look for news end of March first Mako Hunter 03/21/17 10:08:15 PM
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