Elite Group Inc. (fka ELTZ)

[fliptherips]

Dilution to pay for the acquisitions. Otc is a debt instrument for companies to raise capital at the expense of shareholders. But once sufficient capital is raised, they come back (if they have their sh** together- this one is seeming like it does

It shot up a few days ago with the 8k stating the convertible note (dilution) was done. Always a good sign, provided no further convertible debt will be issued. They should have sufficient cash to settle the acquisition now as this should have been the last remaining note from the filing a few weeks ago

If the acquisition PRs this week and the deal happens, this will blast off because theoretically the dilution should be permanently over as the company would then have the cash flow necessary to cover operating expenses, future growth, and for the asset to serve as collateral for future acquisitions (a few are open now per their previous PRs and website).

With the 8k out, if all things are in place, we should see some exciting action in the next week. Hold on tight!