Eline Entertainment Group Inc (EEGI)

[nodummy]

EEGI is misleading investors with outdated information about the share structure.

The O/S was 2.6b on December 31, 2016

https://backend.otcmarkets.com/otcapi/company/financial-report/165902/content



EEGI diluted almost 5 billion shares into the market in early 2017.

It was clearly verified by the Transfer Agent that there were 7,578,093,798 shares in the float by March 17, 2017.

https://www.otcmarkets.com/stock/EEGI/security

You have an SC13G filing from May 30, 2017 verifying that the O/S was 8,164,529,727 shares as of May 15, 2017

https://backend.otcmarkets.com/otcapi/company/sec-filings/12097098/content/html


And now EEGI is trying to claim that the O/S is exactly the same as it was on December 31, 2016 and that not 1 single share was issued during 2017? What a joke.

https://backend.otcmarkets.com/otcapi/company/financial-report/189400/content



And no don't tell me that those nearly 5 billion shares diluted into the market during the first quarter of 2017 were all cancelled because the chart (screen shot) above would have to show the shares being issued then cancelled. Plus the OTC "filings" covering the period during 2017 would have to disclose the shares being issued and cancelled. EEGI is saying no shares were issued at all during 2017 which is an obvious lie.

Anybody that believes that EEGI did not issue a single share since December 31, 2016 deserves to own this stock.


Has anybody contacted the Transfer Agent to get the latest verified share structure? Or is the TA gagged?

The fact that EEGI is misleading investors by using the outdated share structure from December 31, 2016 in its 2018 filings is pretty criminal.


Chart from first quarter of 2017 showing the period when nearly 5 billion new shares entered the market:



Last verified share structure numbers:



SC13G filing from May 30, 2017 verifying that the O/S was 8,164,529,727 shares as of May 15, 2017

https://backend.otcmarkets.com/otcapi/company/sec-filings/12097098/content/html


EEGI has no future. After the abuse it suffered from MinnyMarGroup and Raymond Barton it is way too dirty to ever get any kind of corporate action through FINRA. It won't be able to ever get a name change approved or a reverse split approved. All they can do at this point is lie to investors to try to squeeze a little bit more action out of the stock until it gets stuck on no bid forever.