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Eline Entertainment Group Inc. (EEGI)

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Last Post: 4/29/2017 4:31:11 PM - Followers: 394 - Board type: Free - Posts Today: 41

Eline Entertainment Group Inc. (EEGI)


As of 3/17/2017
Authorized Shares 10,000,000,000
8,164,529,727 - OS 
7,578,093,798  -- FLOAT

 
IR Contact: Irene Black
561-257-3155
eegi@mail.com

 



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:

March 17, 2017: https://www.otcmarkets.com/stock/EEGI/news/Eline-Updates-Shareholders-on-progress?id=153653&b=y
Feb 3, 2017: 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 News: USMJ and MLCG SHORT SQUEEZE Pressure Mounts – PPS Ready To POP 02/08/2017 09:04:31 AM
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PostSubject
#32749  Sticky Note The OS was 3 B a few months 06goat 04/23/17 12:15:19 PM
#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
#33114   He was speculating just as the rest of blackshirej 04/29/17 04:31:11 PM
#33113   I dont know bro, I think I am GOLDBUFFALO 04/29/17 03:22:43 PM
#33112   EEGI no. 8 on BB TONY55 04/29/17 03:11:43 PM
#33111   Bar chart indicator: Strong buy at 56% Looking good!!! artman 04/29/17 02:28:00 PM
#33110   Yes very difficult to get ones on Sat sealskin123 04/29/17 02:19:26 PM
#33108   Difficult to get 1's now TONY55 04/29/17 01:58:31 PM
#33107   Yea there is another one DOL* that merged TONY55 04/29/17 01:51:10 PM
#33106   There is no proof whatsoever they are merging stockinvestor01 04/29/17 01:27:11 PM
#33105   Definitly worth the lotto here. Get 1z and GOLDBUFFALO 04/29/17 01:24:14 PM
#33104   That would be a fantastic merger... I am artman 04/29/17 01:22:01 PM
#33103   I hope EEGI merges with Chinese Company with TONY55 04/29/17 01:02:39 PM
#33102   Looking forward to read details of EEGI merger. TONY55 04/29/17 12:59:01 PM
#33101   Thanks le tit grow for the response:) So Ultraviolet Doubledown75 04/29/17 12:38:50 PM
#33100   That is old. They supply growing materials like letitgrow24 04/29/17 12:17:56 PM
#33099   You are forgetting to add a great point letitgrow24 04/29/17 12:15:21 PM
#33098   $EEGI That article that I posted is an chasem 04/29/17 12:14:17 PM
#33097   Could somebody tell me what this company does? Doubledown75 04/29/17 11:52:36 AM
#33096   THIS IS GIGANTIC. CAN'T BELIEVE THE ABSURDLY LOW daveymoore 04/29/17 11:52:09 AM
#33095   Everything You need to know about Eline Entertainment Group,Inc: Goodbuddy4863 04/29/17 11:26:44 AM
#33094   Don't forget Me. Goodbuddy4863 04/29/17 11:15:23 AM
#33092   $EEGI Will be the next $AM$H $DB$M IMO chasem 04/29/17 09:56:52 AM
#33091   Anyone had time to look into MMG at JimBobCooter 04/29/17 09:20:44 AM
#33090   ARE YOU READY TO MAKE SOME $$$$EEGI$$$$? eddycast09 04/29/17 09:20:00 AM
#33089   Takes time. At least we have company contact letitgrow24 04/29/17 08:48:30 AM
#33087   Good news , thank you jxcxjx03 04/29/17 07:31:16 AM
#33086   I'm sure they will all be here soon Stockcaller 04/29/17 06:54:04 AM
#33085   Its about to start Hal VEGASREAL8TOR 04/29/17 06:00:48 AM
#33084   $eegi will rock soon VEGASREAL8TOR 04/29/17 06:00:46 AM
#33083   Just remember knowing they've been transparent this far. Maze1700 04/29/17 02:27:30 AM
#33082   Huge News JimBob, many thanks!! GO EEGI! Sentti 04/29/17 02:21:12 AM
#33081   Hope to see EEGI close .0010+ by next friday. TONY55 04/29/17 01:43:30 AM
#33080   Patience will pay off big here TONY55 04/29/17 01:42:58 AM
#33079   Hope to get news next week. TONY55 04/29/17 01:42:38 AM
#33078   EEGI going to run hard. TONY55 04/29/17 01:41:16 AM
#33077   Big week coming for EEGI TONY55 04/29/17 01:40:59 AM
#33076   EEGI LOOKS GOOD FOR NEXT WEEK TONY55 04/29/17 01:39:13 AM
#33075   EEGI ON BREAKOUT BOARD NO. 4 NOW TONY55 04/29/17 01:38:48 AM
#33074   HOPE BIG EEGI NEWS IS REAL CLOSE, LIKE halbroke1 04/29/17 01:26:04 AM
#33073   WOW- love the EEGI daily and weekly chart. TONY55 04/28/17 11:17:08 PM
#33072   Hey bro...good money to be made here at VEGASREAL8TOR 04/28/17 11:12:48 PM
#33071   Indeed a big move is coming here, they Stockcaller 04/28/17 10:32:52 PM
#33070   Waiting for next weeks let down. It was sealskin123 04/28/17 10:26:33 PM
#33069   Sent you the link via PM blackshirej 04/28/17 10:20:17 PM
#33068   This board has really come to life today. Stockcaller 04/28/17 10:15:19 PM
#33067   Excited for weeks to come! letitgrow24 04/28/17 10:07:41 PM
#33066   Agreed!!! The sleeping giant has just woken up artman 04/28/17 09:05:55 PM
#33065   Anything probably before AP*P , lol ... I GOLDBUFFALO 04/28/17 08:56:38 PM
#33064   Goldy..bet thus one goes before apyp VEGASREAL8TOR 04/28/17 08:54:12 PM
#33063   This is good stuff and happy you took Stockcaller 04/28/17 08:35:31 PM
#33062   lets break .001+ first, I would be happy GOLDBUFFALO 04/28/17 08:34:30 PM
PostSubject