If they are returning 1.3 billion to treasury, which will leave the o/s at 6.8 billion and float at 6.2 billion, and also locking up another 2.7 billion, that would leave the float at 3.5 billion, which would be much more manageable and allow for a very nice run indeed!
EEGI - ELINE ENTERTAINMENT INC (email alert 6/8/2017)
Share structure down almost 50%! Pending merger. New management. Three separate stakeholders with 2,7 Billion shares plus another 1,3 Billion to be returned to treasury! Multiple filings under way! Ideal for sub penny players!
I'd like to see more filings and a proper PR as well to confirm all of this. We shall see!
The content of my posts are my opinions only.
This is in no way a suggestion to buy or sell any security.
Consult your own financial advisors for investment advice.
