Eline Entertainment Group Inc (EEGI)

[Scumbag Fraudsters]

Is this your first trip to pinkyland?

PRs are virtually worthless here! They only say what the company wants you to believe, not what the actual fact are. What’s stated in a PR is often far removed from reality.
Bogus PRs are posted DAILY and most companies get away with it. Some never get busted while others eventually do.

I have yet to see a PR that says "we’ve thrown a lot of ideas at the wall but none stuck. We have no revenue and no chance of making any in the foreseeable future. As a last resort, in a final attempt to sell a ton of shares, we’re hereby announcing that we’re becoming a MJ company. It’s true that we have no expertise or prior experience in that field, but who cares? It’s been proven time and time again that investors will throw truckloads of money at any company they perceive as being related to marijuana. They don’t call it DOPE for nothing!"



Again I point out that Raymond Barton’s clan released countless 100% BULLSHIT PRs for more than 3 years, and were only recently charged.
They were charged because PRs ARE legally binding, even in pinkyland. But that doesn’t stop scammers from putting them out every day.

Defendants Barton, Sindelman, Briggs, and Manzo intentionally made numerous false public statements.

Barton engaged in fraudulent promotional activity for MedGen, routinely causing the company to disseminate to the public false information intended to create the impression that MedGen was a legitimate, even thriving, business. The false and misleading public statements were intended to, and sometimes did, increase MedGen's stock price. In each case,Barton knew or recklessly disregarded that the MedGen press releases were false and misleading.

As I said, the official EEGI PRs about the financial app and the helmet DIDN’T MEAN A DAMN THING!
Where are those inventions now? Why aren’t EEGI shareholders rolling in dough from the proceeds of those fantastic creations?

EEGI hasn’t made any money in a looong time AFAIK, so they’ve got to sell a shitload of shares just to keep their doors open, and the easiest way to do it is to keep releasing bogus news to entice investors. After a while with no progress another new direction with another new CEO is announced and investors get all tingly again.


Legit companies don’t transform their entire business direction month to month to completely unrelated sectors. It takes money to build a company, and EEGI has NONE.


Remember that Peachtree Capital was involved with providing financing for EEGI? Well this is what the SEC said about them last week:

In or about October 2013,Barton and Goode formed and incorporated Peachtree, which they publicly described as a "next generation small-cap private equity fund and venture capital firm." In reality, the sole purpose of the company was to serve as Barton and Goode's alter ego for acquiring and originating additional convertible MedGen debt (and other public company debt) that Barton and Goode could liquidate.

EEGI 3Q10 report:

Eline Entertainment Group, Inc. Statement of Operations (unaudited) For The Period Ended September 30, 2016

REVENUES
$0.00

Net income (loss) -$7,850.00


The Company has incurred operating losses, and as of September 30, 2016, the Company had a negative working capital balance of ($255,850.00) and zero receivables. These factors raise substantial doubt about the Company’s ability to continue as a going concern.