Eline Entertainment Group Inc (EEGI)

[waterchaser]

I wonder if Steve pulled the plug on the EEGI promotion for fear of repercussions from SEC SECTION 17(b) Of the Securities Act of 1933. It seems he’s on the SEC’s radar so that might have been a good move on his part if true.

https://adserv.stocksite.com/images/pubdocs/4wiki/sa33.pdf

SEC. 17. (a) It shall be unlawful for any person in the offer or sale of any securities (including security-based swaps) or any secu- rity-based swap agreement (as defined in section 3(a)(78) of the Se- curities Exchange Act) by the use of any means or instruments of transportation or communication in interstate commerce or by use of the mails, directly or indirectly—
(1) to employ any device, scheme, or artifice to defraud, or
(2) to obtain money or property by means of any untrue statement of a material fact or any omission to state a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not mis- leading; or
(3) to engage in any transaction, practice, or course of busi- ness which operates or would operate as a fraud or deceit upon the purchaser.
(b) It shall be unlawful for any person, by the use of any
means or instruments of transportation or communication in inter- state commerce or by the use of the mails, to publish, give publicity to, or circulate any notice, circular, advertisement, newspaper, arti- cle, letter, investment service, or communication which, though not purporting to offer a security for sale, describes such security for a consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, without fully disclosing the receipt, whether past or prospective, of such consideration and the amount thereof.