Eline Entertainment Group Inc. (EEGI)
"REMEMBER WHEN IT WAS MENTIONED FROM IR THE PLANS TO RETURN 1.3 BILLION SHARES TO TREASURY....WELL WYOMING FILLING SHOWS 10 BILLION A/S AND TA SHOWS 8,264,529,727 A/S.
MAYBE THE A/S HAS BEEN REDUCED BECAUSE SHARES HAD ACTUALLY BEEN RETURNED TO TREASURY? CAN ANYONE CONFIRM THIS?"
/Post #38430 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=134167992 June 8th, 2017 - ELINE ENTERTAINMENT INC
"Share structure down almost 50%! Pending merger. New management. Three separate stakeholders with 2,7 Billion shares plus another 1,3 Billion to be returned to treasury! Multiple filings under way! Ideal for sub penny players! " *1 Pink Sheet: https://www.otcmarkets.com/stock/EEGI/profile
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. As of August 2017, it has been confirmation through the Wyoming filing (see below) that there are new owners, and their credentials are well worth the time to take a look at. Also (it has been confirmed that) the old management is 100% gone which is vital because the shell has an ugly past. EEGI is in the process of a reverse merger with new ownership. See below.
WHAT IS A REVERSE MERGER?
A reverse merger is a simplified, fast-track method by which a private company can become a public company. A reverse merger occurs when a public company that has no business and usually limited assets acquires a private company with a viable business. The private company "reverse merges" into the already public company, which now becomes an entirely new operating entity and generally changesname to reflect the newly merged company's business. Reverse mergers are also commonly referred to as reverse takeovers, or RTO's.
Going public (in any way) is attractive to companies because after going public, the company can use its stock as currency to finance acquisitions and attract quality management; capital is easier to raise as investors now have a clearly defined exitstrategy; and insiders can create significant wealth if they perform.
The reverse merger is an alternative to the traditional IPO (initial public offering) as a method for going public. Many people don't realize there are numerous other ways forprivate company to become publicly traded outside of the IPO. One widely used method is the "Reverse Merger".
The reverse-merger method for going public is more prevalent than many investors realize. One study estimates that 53% of all companies obtaining public listings in 1996 did so through the "Reverse Merger". The same study concluded about 30% of newly publicly listed companies got there through Reverse Mergers in 1999. Percentages have recently dropped because Wall Street Investment Banking firms have had a huge appetite for IPOs in the late 90s. This led to many marginal companies receiving enormous financial windfalls.
In a reverse merger, the original public company, commonly known as a "shell company," has value because of its publicly traded status. The shell company is generally recapitalized and issues shares to acquire the private company, giving shareholders and management of the private company majority control of the newly formed public company.
The RTO (reverse take over) method for going public has numerous benefits for the private company when compared to the traditional IPO:
* Initial costs are much lower and excessive investment banking fees are avoided.
* The time frame for becoming public is considerably shorter.
There are also several disadvantages of going public through the RTO as compared to an IPO:
* There is no capital raised in conjunction with going public.
* There is limited sponsorship for the stock.
* There is no high powered Wall Street Investment Banking relationship.
* The stock generally trades on a low exposure exchange.
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Eline Entertainment Group, Inc. ( OTC: EEGI) was a heavily diluted issuer with nominal operations that engaged in extreme toxic financing. Acting on directions of the preferred shareholder we were retained to locate interim management, stop the toxic financing activities and locate a new meaningful merger candidate with substance. This when completed will allow both the common and preferred shareholders and stakeholders to gain and realize benefit in their holdings.
Company is in restructuring mode
All past management has been removed.
New interim turn around management appointed
New interim management in talks with several merger candidates
Re-domiciling to Wyoming well under way
Awaiting EDGAR Key to file 8K ( next 7 -10 days)
In talks with several majority block holders for share lock up to significantly reduce the float
So far 800 million common shares in lock down mode
In addition an additional 600 million common shares in discussion for a lock down / dribble out arrangement
Consolidation created at least 2 stakeholders with greater than 5% holdings but less than 10%. Schedule 13g is in the works by these stakeholders
No toxic financing what so ever currently under way nor is any planned by current turn around management
Current merger candidates include a marijuana cultivating company, a virtual reality company, a medical supplement company and a on line discount travel firm.
This is a great time to enter this no bid 0.0001 play.
No where to go but UP!
Once these tasks are completed the next wave of planned activities including utilizing new OTC rules should make EEGI sky rocket
Possible Partner #1
New Director, Sam Abifaraj, according to Wyoming, https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=151245030242039243046240050069004247017194147006
Vice President, Manufacturing & Production
Regent Energy Group Ltd.
Regent Energy Group Ltd. provides sand control and enhanced oil recovery completion solutions. The firm operates as an enhanced oil recovery company and the international provider of the top sand control and best steam distribution solutions, custom industrial applications, and specialized machining services, and professional industry consultants. The company was founded in 2005 and is headquartered in Nisku, Canada.
Regent Energy Group Ltd
Other Industrial Machinery Manufacturers - Nisku - Canada
3735 8 St
Nisku, Alberta T9E 8J8
Regent Energy Group Ltd is a mid-sized organization in the other industrial machinery manufacturers industry located in Nisku, Canada. It opened its doors in 2009 and now has an estimated $14 million in yearly revenue and approximately 150 employees.
Possible Partner #2
Hill Country Royalty Partners LLC
Dennis Abert https://www.corporationwiki.com/p/2g31k6/hill-country-royalty-partners-llc
Still Active https://texascompanysearch.com/hill-country-royalty-partners-llc
Dennis Abert President and Rich Gotcher VP Eline Entertainment
. https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=151245030242039243046240050069004247017194147006 Dennis is the owner, funder and CEO of many entities and most of those are in the OIl & Gas Royalties Arena
Looks like the only website owned by him could be the one we'll see when EEGI goes current, or on any update from our New CEO. It was created just after the Wyoming filings also: Another private company in JV with them mentioned also on that snapshot: Rich Gotcher is currently VP of Worldwide Structure Finance and VP of Eline Entertainment! http://braviomineralsco.com/team/ Frank Scannavino Director of Worldwide Structure Finance. https://www.sec.gov/Archives/edgar/data/1683700/000168370016000001/xslFormDX01/primary_doc.xml
Frank Scannavino is a broker at his own agency that actually put packages together for the SBA, A candid conversation with SBA certified agent Frank Scannavino, CPA. Frank addresses the process of applying for SBA loans in search of capital. http://www.imbplan.com/ Rich Gotcher and Dennis are both members of Worldwide Structured Finance
That company also filed with the SEC to raise up to $2 Billion in 2016 And they filed with the SEC in 2014, to raise up to $40 Million, if upgraded from $20 Million https://www.youtube.com/watch?v=MVjKgqhQ1Rc&sns=em August 26th, 2017 - MAJOR DD with EARNINGS
Could one or all of these companies be rolled into EEGI symbol???
----------------------------------- COMPANIES OWNED and Directed by Dennis Abert
founded 2018 http://braviomineralsco.com
founded 2014? Hill Country Royalty Partners LLC https://www.corporationwiki.com/p/2g31k6/hill-country-royalty-partners-llc
founded 1998 Techus Group Real Estate Company- run with wife Jan Abert https://www.manta.com/c/mm226rq/techus-group http://www.buzzfile.com/business/Techus-Group-830-895-4855 Business Description
Techus Group is located in Kerrville, Texas. This organization primarily operates in the Real Estate Agents and Managers business / industry within the Real Estate sector. This organization has been operating for approximately 19 years
. Techus Group is estimated to generate $92,000 in annual revenues,
and employs approximately 2 people at this single location. Same address and number for EEGI wyoming SOS $EEGI:Wyoming SOS/Filings - New CEO & Website DD==>