Eline Entertainment Group Inc (EEGI)

[zombywolf]

The OTCM wasnt born yesterday. A simple review of the fins submitted so far tell the tale. Lets put them in perspective shall we? We start at the top. A search shows the address is a mail drop in Sacramento CA, and the phone number is a cell phone in Los Angeles. There is no office structure, as the address is a business services company that rents out their address to make it seem there is an office. Major Red Flag. "Wyoming in Good Standing" does not mean that their taxes and fees are up to date-another simple search shows they are in major arrears there. Another Red Flag, as normal companies keep their domicile state current. This is a simple detail easily fixed with money. Share structure hasnt changed in years so nothing there.

Now we come to the money. On the 6/30 fins, they claim a $267k loan at 9% maturing in 2029. It originated according to the fins on 1/1/2019. Must have been a neat trick, as most financial businesses are closed on New Years Day. The only other financials given by the most recent fins is a "Statement of cash flows" dated April-June 2021. In there they reference a net income of $36,511, with no revenue figure, expenses or source stated in the fins. Next they claim another "loan" of $120k, no date, no terms and ESPECIALLY WHY IS IT NOT IN THE FINS FOR 6/30?? Only the previous $267K is there. So they add those two together and get a net cash of $156,511 with no source or reference in the fins. After that they claim a previous cash balance of $681,834.

Look at the previous statement for 1Q 2021- they show the same $120k loan and added it to that Q's numbers too- you cant use the same so called loan as income every Q, lol. Then you go back to the 2020 year fins-they show a $275k loan- doesnt match the 2019 loan or added in to any totals. These type of issues run rampant through the fins going back years, nothing matches, claims not referenced or disclosed in fins. Now you see where the OTCM is coming from. It is obvious to them these numbers are made up, and I am sure they put it to those two frat boys to prove some of this crap to get current or CE coming. That is why everything is at a dead stop, they cant prove any of it. On a final note, have to laugh at the residential address given for Joshie in the fins. That address is a rental office complex with offices for multiple companies there. Is Joshie sleeping in a sleeping bag on an office floor? LOL, the fun just keeps getting funner here.