Eline Entertainment Group Inc (EEGI)

[JimBobCooter]

This is just my opinion but a buyback is not the smart move even at these prices. There is roughly 250k convertible notes sitting on the books. A buyback just to be diluted by conversions later doesn't make sense.

A buyback only makes sense if they also have the money to pay the convertible notes. And the terms allow them to pay the notes and not convert them. Otherwise the buyback would then just be diluted and they would have to do another buyback at a higher share price.

Plus, and this is no offense to pink sheet investors, but they couldn't give two shlits about current shareholders. If their goal is to play with the big boys they want institutional investors not people getting a million shares for $100. It won't be right away but a more likely scenario is after all notes are paid or converted they do an RS to lower the share count and make a more attractive pps.

With that being said, depending on the operations this is still a great investment in the short term and will make people a lot of money in my opinion. If their definition of "substantial revs" is the same as mine then I could easily see a pps near a penny which is nothing to turn your nose up at.