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I would actually be skeptical if they registered in an entirely new state under the same name because it would literally have nothing to do with the business. Eline entertainment group just doesn't fit the incoming business. Plus the company already exists so it wouldn't make sense for them to retain a defunct name when they are already established with customers.
I think we are getting close here. I think that is the reason for the silence. I think the next update we get will be company and it's management. Then there will be a lightning storm of PR's. Just my opinion. I am waiting on a couple of other trades to do their thing and I will load more here. People selling right now will regret it when the news drops. Just my opinion.
Let's see the email. Because I've contacted this TA among many others and not once has it said they will get back to me in an hour. They either send the numbers or tell you to contact the company.
So you think they will take the time to do everything to be pink current but not to get the CE removed? Lets hear the logic on that.
Grabbed a 1M starter here. If funds clear tomorrow will pick up another mill. Thinking this is trading quite a bit below its value.
Not sure how much investigating anyone has done on the distributor channels but Republic(RNDC) is the number 2 distributor of wine and spirits in the US. The original agreement looks to be regional around Texas but if the agreement works out they will have the full weight of the second largest distributor in the whole US behind them. It seems this is kind of being passed over for whatever reason.
Just looking at what could be a bigger deal than that in the distribution industry....Southern wine and spirits, maybe? They are the largest national distributor in the US. Only thing bigger than that would be an international deal.
Any thoughts?
Well of course there is going to be conversions. They currently have convertible debt. But as you mentioned there is now 164k less than there was. The 10q should be out here pretty soon as long as they file on time and we shall see what is left. If you want to see more check the 10Q from November and do a little math.
From what I am seeing this is headed in the right direction. Eliminating convertible debt is key to these. As I previously mentioned convertible debt can kill the pps of a company even doing 20m in revs. But if you think otherwise then I suggest moving on. We all invest in different ways and do what your gut tells you. Who knows, the more I dig I may not end up liking what I find either but so far, so good.
That run was more based on the afternoon PR discussing the elimination of toxic debt. The first 8K about the $25B did very little to spark interest. It helped but as anyone will tell you more important than revenues is a lack of dilution. You can have $20M in revs but if your lenders are hell bent on diluting your SS then it means far less than having a few million revs with no dilution.
I just starting looking into this. I missed the run but if they eliminate toxic debt off their books and any other predatory lending as the second 8K suggested then there is no reason this won't hit pennies or silver. IMO 3 things will propel this:
1. Veracity of the government contract
2. stability of share structure(very low at this point)
3. extinguishing current(that's what the lawfirm is for) and future toxic debt(hopefully a benefit of the government contract).
I look forward to hearing more about eliminating or at least limiting any dilution. I for one will be buying this dip. I don't believe it will stay at these levels for long.
I'll answer. It's at the bottom. They should pay 0001 because that is what the ask is. You literally can't buy any higher than that even if you wanted. So, now that is out of the way.
When news is announced, they will have to pay a higher price. So the question isn't why should they pay a higher price(again because they can't), It's why wouldn't they buy at these ridiculously cheap prices?
This is going to be a BFD and when it is, people will be wishing they bought these low prices. Because just 1 step higher and they are getting half the shares. 2 steps up , 1/3rd; 3 steps, 1/4th and so on and so forth. So if you want to make real money on a truly bottom play poised for a rally, then this is it. If not then good luck with fewer shares. Profit is profit but I prefer to maximize mine.
I agree. Everything is just stored up and going to explode on investors. It's going to be very big.
I'm not worried. This will run. It's matter of when not if. People get tired of waiting. It happens. They will either get back in at a higher price when news drops or they will move on and not look back. Either way these are basically freebies.
I will keep digging tonight. I may be picking up a few million pretty soon.
dump it on 1 homie. You will get rid of them pretty quick.
Wow what a prediction. Here let me try. Hiru will hit 002 soon. LOL!
What's he word here? Seems like a hell of a buy at this pps considering the information I have found so far. Still digging but there seem to be some nice catalysts here so far from what I see.
I knew traders were fickle but damn. I am going to take Adam's door being closed as we are very close. There is no need to be in contact on a daily basis if real news is about to drop. I will admit he opened the Pandora's box when he was answering everyone's emails but give him some slack. Dude is emailed hundreds of times a day from several different stocks. Piling on definitely will not help.
It's cool. We will move on because clearly you aren't seeing what it used to be versus what it became. Which is my point. Past success doesn't dictate future success nor does past failures dictate future failures.
They are actually the perfect example. They were the leader in their industry early on only to fall behind and fail. Which is exactly my point. Past performance does not dictate future performance.
Tell me, What is Apple's history? Sears? KMart? Chipotle? and the list will go forever. I use big board stocks to prove a point.
Apple was a terrible peforming stock. Hell I think you could even buy it as low as .80 cents in the 90's. All it takes is the right good thing to make it one of most profitable stocks in the market. I know I've made a pretty penny off of it.
Sears, KMart are a different story. They were leaders in their industry. Now they are all but bankrupt.
Chipotle was the hottest thing since sliced bread. Now look at it. Everyday is a struggle.
Now lets look in the pinks.
BMXC, GIGL, ICNB, among several others looking great and that's just recently. GIGL was in trips just a couple of months ago and it trades in the dimes.
Past performance does not dictate future performance. Especially in the stock market.
If it was buy volume your argument would be dilution. You don't have a dog in the fight so whatever made up narrative works for the moment is what you will go with. EEGI will have its day and when it does, it will have been well worth the wait.
Site is back up. Looks like just a hosting issue.
Nobody has lost faith. We just don't get paid to be on the boards like some people. I don't know about you but I've also got better things to do when the market isn't open.
So then why do companies have to submit any information? If they aren't checking the information then requesting it would be the biggest waste of their time. Stop signs, yield signs, CE would literally have no different meaning than a current status. Their service would be completely pointless for companies to be a part of and they would go out of business.
You're either misunderstanding what I'm saying or you don't understand otcmarkets.
I'm saying it's company information so investors should absolutely verify(which is a best practice period) but otc markets absolutely checks the information so that it meets their standards which does have some merit. That's what I mean by accuracy. Not that they are verifying it against multiple sources. That is not what they are there for. They simply disseminate company information and what you do with that is up to you. Implying they are just throwing up stuff Willy nilly is naive.
That's a general disclaimer so they can cover their a$$. You will find stuff like that all over websites in order to mitigate litigation.
It doesn't mean they don't check for accuracy of information. Otherwise the CE would be gone by a simple request. They wouldn't be required to provide documentation of any sorts.
That being said they do rely on the company to provide said information so you should absolutely double check which is smart to begin with.
Anyone know the current SS here. Is the otcmarkets up to date?
Show me the evidence of the new company's failures. You can pull from other people's failures but nothing pertaining to the new company. All you have is old outdated information.
We know eegi is a shell. Eegi itself is irrelevant outside of 1 thing. It's leftover convertible debt which is widely known. And not that significant in the grand scheme.
So let me understand your logic here.
Never believe in a future because of past performance.
That's weird because I know a guy where I live that went bankrupt 3 times before owning the most successful furniture business in town. He is now worth millions.
Let's even look at the pinks. ICNB had a very similar deal with a celebrity owned tequila. Failed miserably and because people get so caught up in failed past, many people missed their latest opportunity to go from 0001 to pennies.
Please tell me more how the past is such a great predictor? Or is it only when it fits your negative narrative.
Goooooood Mooorrrnning EEGI! The anticipation of news is palpable. Soon our patience will be rewarded!
Word. I've got nothing but confidence. I don't think a run to 004/5 is out of the question IMO. $EEGI
Really? LOL. I can literally find that somewhere on every board right at this moment.
Eh. It has been for awhile and will be until the company news finally drops. I'm having fun on it though.
Because that post meant nothing. Whats to respond to? It was an emotion of amazement. It didn't even have an opinion to debate.
I'm in the mindset of when it goes legit. I have a feeling that when is any day now. I'm hoping I will have cash by this afternoon, latest tomorrow to pick these silly sellers 1's up.
Yes indeed. I know I'm excited. People are taking these days as negatives but this is awesome. Interest is still very much alive. As soon as I get another $700 off this other play I am loading up 10M more. While everyone else is losing faith I'm doubling down. All these 1's are gold!
Man them 1's just keep getting gobbled up like a jar a cookies in front of the cookie monster. Out of the weak hands and into the stronger. I feel like I am at a oprah show and she is handing out these 1's cause they are like having free shares.
OS is only 2.6 and Float(tradable shares) is only 2B. So looking at 1.3B 2's you can easily discern its 1 of 2 things.
1)It's a fake wall because just in the last 2 days I have seen nearly 500m 1's gobbled up and I know that the people I know have already accumulated more than 200M shares so that is the 700M difference in float. The real number is likely over 1B accumulated and being held in the 1's so it is impossible for there to be 1.3B's 2 unless all of the 1's are being put on 2's as sells. Highly unlikely that is the case.
2) The wall is real and more than half the float will be accumulated in the 2's which will make this ridiculously thin 0003 and above. If that would be the case this could go from trips to silver almost instantly. This is the less likely scenario of the 2.
Reality is most likely its fake and you will see the ask fade quickly once news drops and 2's start being bought.
He is correct. Money wise you can't be down more than you put in so it is impossible to be down 200%. It just simply doesn't work that way. So if you put $100 in you can't lose $300. You can't count the loss of gains as losing money because it was never yours unless you sold which then you wouldn't have lost anything.
Those outside looking in always have something to say. It's like the fan that coaches from the stands. Not good enough to actually be on the field but sure as hell think they are. You guys that have never traded in your life crack me up.
Not saying that you are wrong but typically when I see dilution at levels that you seem to be claiming the acc/dist line does not follow the trading. It rises as the price falls but as of right now it is following exactly how this has traded.
Now I haven't looked at the notes that are on this ticker but they don't just, all of a sudden dump one day. It's my understanding you can actually calculate exactly when notes will convert. Have you done this math? And what note is being converted?
It's up to date on OTCmarkets but If I remember correctly its 5B AS, 2.6B OS and 2B Float.
Great day yesterday. Shares in stronger hands. Look like we had some fallen soldiers this morning with that measely 7.8m sell off. I've got my 40m lotto tickets but I may add 10m more if you want to give those shares away before news. It will be substantial and it will make those that were patient a lot of money. Good luck to those that sold.