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But I thought the electric cars were supposed to send us to the stratosphere?!? My bad.
What's up with this "winner"? Lmao
Lmfao has MMG handed this one to the new owner? Maybe they let it breathe this time because mmg didn't.
Whether that's true or not that wouldn't be any of your business now would it.
I'm not touching this pos with found money.
A common caveat that savvy investors position themselves away from is buying into an engineered email blast pump. I have never based my investing decision and hence did not lose money by contrasting a known loser stock to another one regardless of how similar the hype, share structure or anything else is. This stock has been given more than enough chances to display any viable sign of potential yet it failed every time. The next excuse coming from this company for not delivering will be about summer woes holding it back and we will witness the pps sitting at all .0001 throughout September.
Great times to load more huh?
How's that fact helping eegi? Let me recap this one for you real quick:
Still at .0001
Float count in excess of 8 Billion. Much of that can be contributed to Steve.
No business here. Broken and undeliverable promises.
With the change of the ownership even some of the old mmg stocks are rallying up today. This one changed hands for the worse.
Steve bought a dirty shell from mmg and also retained them to do filings for him.
Unbelievable!
No wonder this thing is being held up on all ends.
Who runs the show here?
Maybe you didn't understand my question.
Again, what do quarterly and k filings in reference to the tweet from the post I was replying to have to do with FINRA?
Besides it may just be me but seeing John Lux' name being passed around by the company for the purpose of profiling the stock raises the big red flag. MMG once used his name to pump their stocks and I'm also thinking they either pretty much still have control or, if nothing, played Steve over by handing him a hot potato.
No more free posts until tomorrow, sorry!
Finra??? What do quarterly and other filings have to do with Finra? That tweet is bogus!
You don't submit company filings with Finra. You file those on otc markets website. There's no Finra approval holding this one up.
Part of an MMG pitch is to pass big things around to make their stock appear more important, becoming SEC compliant being one. It's going to take much more for this company to become an SEC reporting issuer though, they would need to render audited financial results to begin with.
I don't trust this company more than I trust my common sense. I don't want to even bother taking another politically correct excuse as to why things are not lining up with what I think is reasonable. I never said any financial decision anyone on this board made was bad because I don't know what works for them. I said I would feel bad telling everyone how great my financial decision is knowing that it sucks for me. By the same token I will let everyone know what I think about the people captaining this sinking ship and how that sets the course for a gloomy future of this stock. My humble and knowledgeable opinion.
I stand corrected. Entire DD broken down for you here:
It was MMG who threw this one out on 03/17/17
Due to recent deals in progress, the company's reduction of authorized shares that was planned has been postponed, and the company's outstanding shares has increased substantially.
https://www.otcmarkets.com/stock/EEGI/news/Eline-Updates-Shareholders-on-progress?id=153653
What deals did they have "in progress" from over a year ago that they had to issue more stock for???
Following that release a couple of months later MMG came out with the share buyback crap that was never supposed to happen:
https://investorshub.advfn.com/uimage/uploads/2018/4/1/cgexdeegi.PNG
And then Steve announced issuing restricted stock which was approved by a preferred shareholder who holds a controlling interest in the company which is MMG!!! Even more stock issued and not a single inch of any progress has been made ever since!! It comes to a sane mind that printing shares is the sole modus operandi of this company!!
But check THIS out:
Am I reading it right that Emanuel sold the controlling stock to zoran cvetojevic!?! Yikes! Do you know what it means?!?! It means that NOW MMG HAS A CONTROLLING INTEREST IN THE COMPANY!!! MORE DILUTION UNDERWAY WEEEEEEEEE!!!
LMAOO!! Hugo Rubio is his father in law!!! Irene Black is Irina V who is a paid promoter and was also posting on these boards until I stormed her paid promoter ass out!!!
SHARE ALONG!!!!
Oookkkaaayy, now we're getting closer.
Steve had announced selling stock in the open market months before this off market stock purchase took place. So in other words he diluted the stock and ALSO made an offering for restricted stock purchase. You will find your proof in upcoming Q1 financials which are due by July 1st, the answer will be in the share structure and shareholder equity portions.
I will try to address your other post with old management discrepancy but for now take it that zoran cvetojevic IS mmg! He was placed onboard but handed power of attorney to mmg so they can play around it as much as they wanted.
You don't secure debt by selling stock you get yourself a financial backer whom in turns you issue a restricted stock which is restricted from trading and doesn't mature by at least 12 months in the future. You don't fix your stock by killing it LOL. That's how you pay off old debt. Having said that I am not even expecting for some Kevin guy out there to venture his hands full into Steve's botched buyback-turned-dilution project.
Indeed. That could possibly be that old management he was referring to. However increasing authorized share count alone does not have negative impact on stock as has dilution which mmg and himself utilized blatantly.
It's a shame Steve pulled up that old excuse to blame an old management for fiasco he and mmg were responsible for by actually increasing outstanding shares through dilution.
How do you trust someone who promises a buyback but delivers dilution and then blames it on the old management which has nothing to do with float count in excess of 8 BILLION. Why should we trust anything that comes out of his mouth?
Too funny. Steve is blaming the fiasco on the past management which is MMG but at the same time he also retained MMG to pump the stock and help on filings. WOW what a joke! This came from Steve - FACT
The upcoming Q1 financials which are due by July 1st will show that not only did they not allocate funds for growth but were actually selling more shares. - THIS IS HIGHLY LIKELY
What's up with the holdup with FINRA? How's that in line with the promise to make EEGI current with the SEC? Don't tell me FINRA is holding that one up too. - FACT
They first announced buying back BILLIONS of shares but it turns out they were selling all along. - FACT
So much BS around these charlatans.
Still at .0001 - FACT
One of the requirements for becoming an SEC compliant issuer is to file an 10-k form which includes the company's annual audited financial statement. This means that moving forward the company will need to provide a filing with an an accounting firm stamp on it to verify that the financials being reported are true. Can EEGI furnish such a proof?
And finally, if you're going to post quarterly financials for the past 2 years, why not make the securities portion on OTC site current? The ones showing as of right now are 14 months old:
https://www.otcmarkets.com/stock/EEGI/security
What will the Q1 financials along with the shareholder equity look like when it's released by July 1st? More outstanding debt and higher outstanding / authorized share count.
I am wondering how many shares they dumped into the free market since they first told you they were buying them back. Q1 results should clarify that for us.
PS. I KNOW what Steve said. I want to see him take some action and deliver. Otherwise I'll take it as yet another fluff he used to play shareholders for fools like he once did.
It's a POS so whatever.
Nobody made any money on those 0.0002 hiccups during the last 52 weeks. You may have been able to sell on ask for a loss though.
But I'm glad you got my point.
I dare you prove me wrong.
How's .0001 for fiction, huh? It's been sitting there for years no matter the volume. What's up with the fictitious buyback that turned dilution? You don't plan on buying back billions of shares with no money and brag about it, you know whether you can afford that or not. You don't come out with an excuse that you had an outstanding debt that you were very well aware of that stems from the x-management whom you retained to pump the stock for you! WTF dude?!? That's some irrefutable, cold hard proof. Question for you, who's zoran cvetojevic and what ugly role does he play in this whole charade? he's been around for over 10 years and was involved with many other mmg stocks all losers. With no real biz here other than printing shares the only figures you'll see increasing here are those of OS and AS structure. These are some indisputable facts you were asking for. YOU prove otherwise!
Dang, I just wasted the only, precious free post I have per day on this board, hope you use it wisely.
Weeeeeeeeeeeeee
Lmao that zoran cvetojevic guy has been affiliated with mmg since before 2007 for as much as I know it!!!!
Mmg would put that character onboard and then have him sign a power of attorney for them so they could manipulate the shell however they wanted! Do some research on this guy and you'll find your proof that mmg was NEVER out of the picture just like I was suggesting. Do you never ask yourself who these people that mmg is planting onboard are before coming out with such a bold statement? I do!! There's evidence for this all over the place, go figure.
Mmg has been playing you all along!! Share buyback was NEVER supposed to happen!! This junk of a stock may have run had they not been blatantly selling into .0001 while telling you otherwise. This is the ugliest pump and dump scheme I've seen in years! The pump is over! EEGI is toast!!
Tell me...
how is this:
https://investorshub.advfn.com/uimage/uploads/2018/4/1/cgexdeegi.PNG
consistent with this:
the company's reduction of authorized shares that was planned has been postponed, and the company's outstanding shares has increased substantially
https://www.otcmarkets.com/stock/EEGI/news/Eline-Updates-Shareholders-on-progress?id=153653
in other words, they first announced retiring BILLIONS of shares but all of a sudden changed a course of a action and decided to sell even more.
Let me get this straight. You don't brag about buying BILLIONS of shares when all you can do is sell more! That mailer was used as a bait to lure investors into buying into this garbage of a stock. Share buyback will never happen!
What biz plan other than printing shares do they have in place? Whoever in businesses pumps their stock to lure investors into buying and then comes out saying I was just kidding I was diluting all along? I am EXTREMELY uncomfortable with that fact.
There will never be a time where this stock will produce your gains unless it's taken over by somebody else to actually buy shares back for real. And YOU know that! I would feel very bad knowing I made a poor investing decision but am telling everybody else otherwise!!!
Been telling yall investors are being manipulated bigly by stevey and mmg, glad we're finally coming to agreement at the costly price to the shareholders.
The pump is over. EEGI is toast. It's diluted heavily it will never run. About time for the company to squeeze the crap outta 'er and flee.
EEGI would like to cordially thank you for staying patient while they unloaded gazillions of shares on you.
I can't see how Steve will accomplish merger with stock priced at. 0001 or $1000 cash the company made in 2017. Other than that it's all clear to me.
The dilution I was referring to was millions of shares that flooded the market in late 2017 when the stock saw hundreds of millions of shares going through daily for multiple days in a row. And then Steve came out saying MMG was kidding when they said no dilution because he did dilute. Those shares didn't even make it to the filings he posted afterwards. Don't waste my time pulling it up again because it's worthless.
Still hanging on to the retail trades excuse, eh?
Lmfao then don't tell me how the heck I'm supposed to feel about this pos of a worthless stock. The pump is over. No mas. Gulp.
The filings say what? I'm not enjoying a fare at. 0001 and no movement.
Thank you for bringing that link to our attention sir, I very much appreciate you.
How exactly does the company name change i.e ticker symbol change tie in with the ongoing hyper dilution and otherwise MMG discrepancy about share buyback? This alone to me is a BIG READ FLAG!!!
I am not inclined to believe that is going to help significantly reduce the float and promote shareholder value.
With that said, this pending name change of a public vessel designed to reverse merge small cap businesses is just that, a name change. It does not address questions about stock ownership or share structure. Nor does it keep shareholders abreast of efforts the company is making to bring in a healthy, viable and sound biz to further attract new investors and grow the stock price. Because there are none. Whoever in their right mind would merge with a company with the AS of 10 Billion and no cash in their coffers?
I respectfully disagree on the lack of share selling part!
"The seller" sure knows how to dump shares without hitting the no bid.
That's what's up. No rocket science here.
TRUTH BE KNOWN!!! HERE'S SOME REAL DD TO TICKLE YOUR FANCY:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139825649.
The latest AS and FLOAT count is 10 BILLION and 7.5 BILLION respectively!!! To top it off the shares that the CEO announced he sold didn't even make it to the pool!!!
Know your DD!!! Don't be duped
Weeeeeeeeeee
Previous management? Seriously? Was it not MMG who was that previous management that lead it down to .0001 and are still hanging around this worthless shell?
Tell me which is it? Is it MMG who was shouting from the mountain top down they're buying shares back or is it Steve who said afterwards they were selling all along?
LMAO it doesn't get any more retarted than that!!!
Those hundreds of millions of shares that you witnessed going through daily...that my friend is called dilution. Your ceo just confirmed that!
Hey I have stayed tuned for a very long time still no word form the company to address any of my concerns. Matter of fact I got even more upset realizing that the company prs one thing and their promoter/advisor claims otherwise! Prove me wrong but whoever does that???
Now where's the news? No hidden agenda here, I am not paid to post what MMG doesn't like you to know and I am not hiding behind the freedom of speech amendment. I thwart their malicious intents by pointing out real 3rd world paid mmg promoters. I just want an honest, straighforward answer. That's all!
YOU said it now back it!
Ps my posting privileges were downsized to only 1 post per day on this board. That's right 1 single post a day and I don't plan to suck up with admins to get that rectified. Don't you think that if i had a real cause I would've worked my way around it so as to overflood message boards like their paid promoters once did? Don't be duped!
It's market-driven, earnings which and BTW EEGI has NONE have nothing to do with the stock price. And as of right now the market doesn't really seem to love it. Especially given the overbalooned outstanding share count of upwards of 8 BILLION. Yikes! Doesn't even look like a bottom feeder seen from a mile's distance. With the volume this stock saw in the past even a moderately diluted stock would rally up like crazy. Plus with 7.5+ billions of shares in the public float it's hard to sustain a share price growth when your further dilution promotes otherwise.
The share structure and market cap info you're reading on OTC markets site is obsolete. At the moment of this writing there are more shares issued and outstanding then there were last year this time around, means the company's worth less then it was back then. We were told they were retiring MILLIONS IF NOT BILLIONS of shares when in all actuality they were doing nothing but selling more:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139704574
800 millions locked down plus potentially additional 600 MILLION block adds up to 1.4 BILLION shares locked down. Right?!?!?!
Besides, this poorly writen sentence is vague and misleading to say the least:
"In talks with several majority block holders for share lock up to significantly reduce the float"
How is locking the share count down significantly helping the reduction of the float? You're either buying shares back or you're not selling more. Which is it?!?!?!?!
NEITHER !!! More dilution in your face!!!
WOW!!
For what it's worth, according to the latest and greatest 2017 financials the company generated a whopping $1,000 in revenue.
Overvalued at .0001? Nah. Worthless would be my word of choice.
The more I think out loud the better the answers.
And what exactly does this have to do with price dropping today?
To me it looks like someone is dumping shares into the 'news'. Same ole same ole
LOL ok, let's put it this way. NOBODY here can verify FOR A FACT that the info coming from the company that says no dilution and then turns around and dilutes the crap out of stock has passed the audit and is verified. Because these filings are unaudited.
Hey, they just maxxed out the AS to 10 BILLION in your face so they can dilute even more. You know I know exactly what I am talking about, don't you?
Not all filings / financials are audited. As a matter of fact NONE of these filings you see on pinkies are audited.
Pinkies are unaudited because regulators don't require them do be audited means they can post whatever they want and get by with it.
By the same token the filings that EEGI puts up on OTC markets website are NOT audited.
I can swear I read it somewhere that one of these MMG shells 'aspired' to move up to OTCBB and was therefore working on getting their financials audited as one of the requirements for uplisting was to provide audits.
I am too lazy to look it up now but that was PR'd last year this time around and could've been for EEGI. Of course that was a BS news designed to lure more sheep into buying the stock however my point here was that NONE of their filings was ever audited. EEGI filings are unaudited. It comes down to you to put your best faith in a company who happens to make a promise but afterwards fails to follow through on it times and times again.
Unaudited means not a subject of legal scrutiny means squat. Go figure.
As a rehash and recap, this mailer was pushed out as part of MMG awareness effort about a year ago. Let's not let it slide, let's look into it:
https://investorshub.advfn.com/uimage/uploads/2018/4/1/cgexdeegi.PNG
So first they announced they're buying shares back or are at least locking float down but then after a year of selling shares they announced that, in the meantime, they actually sold some in order to move forward???
WOW!!! What a spin that was!
They also PR'd they have no plans on doing a reverse split, do we now have a reason to believe they could as well do a RS because the business course of action demands so???
Also, they never disclosed what those shares were used for? What does this company actually do other than print shares? Lastly I also believe they're exempt from filing Q1 earnings by at least Q2 end which is June 30th.
There is no telling what the share structure will look like by then.
Share lockdown means NO SELLING PERIOD!!!
EXPLAIN THIS!!!!
I also find it sickening how he threw out 20 worthless filings the other day just to get the pump going and then dumped millions of shares into the hype. Lmao I can picture some people trading this pos of a stock only for a good laugh.
Printing shares is the business this company is in. Hell you can't even outdump them, once they get their pump running they'll be the first in line to dish it all out on you and move on.
Big time share dumping taking place today. How's that for filings and all the great things coming down the pipeline when they're actually selling stock at the only price they can get? That doesn't look like a plan to grow the stock to the delight of the shareholders.
WOW! 0.0002!!! That's up 100%+ from the solid rock bottom! Weeeee LMAO The stock briefly touched its 1 YEAR HIGH OF .0002 and then crashed back down into nothingness!! Grab 'em while they're on the cheap!
Now THAT's not even funny!
Tell me what buying power will it take for EEGI to deliver decent profits when the pps didn't move EVEN A NOTCH after the stock traded hundreds of millions of shares in just one day in the past? Also that volume rolled like 5X over in just 1 week still nothing. Sad.
Let me break it down for you a little easier.
Solid rock bottom + upwards of 8 BILLION shares in AS and growing + MMG behind the wheels + shady revamped characters + shareholder nontransparentness equal nothing but a FIASCO!
With OS and AS maxxed out of 8 BILLION PLUS shares it comes to a common sense that the only way of trading above .0001 AND making decent profit is, you know, through reverse split. Seen that happen before with these same people! After the pathetic attempt to stay at that glorified .0002 mark next thing you'll witness coming to your neighborhood is just a no bid stage.
I know, right. The stock hit its 1-YEAR HIGH OF .0002 right before it was sent back down. Reverse split and no bid are the only ways of seeing the price move above the .0001 level. it's not even funny.