Replies to post #29737 on Elite Group Inc. (fka ELTZ)

[ehihub]

I disagree, IMO, The statement in 9.a basically says that ELTZ doesn’t have shares except what is listed in I.ii.iii below.
ELTZ is affirming that the 899,530,798 common shares HAVE NOT CHANGED since the SEC filling on February 20, 2018.

THEY ARE SAYING, THIS IS THE TOTAL SHARES WE HAVE AS OF DECEMBER 18, 2019 and NOTHING HAS CHANGED SINCE FEBRUARY 20, 2018.


9. Pubco represents and warrants the following:

a. Other than for the undesignated authorized shares of Preferred Stock as stated in Pubco’s financial filings, Pubco has no other authorized or issued classes or series of shares other than the following:

i. Common Stock, of which 899,530,798 shares were issued and outstanding as at February 20, 2018, the date of Pubco’s latest financial filing with the SEC;

ii. Series A Preferred Stock bearing the preferences as set forth in Exhibit A attached hereto (“Series A”), of which a total of 20,000 shares including the Payment Shares to be issued herein, shall be issued and outstanding within 5 business days of Closing,

iii. Series B Preferred Stock bearing the preferences as set forth in Exhibit B attached hereto (“Series B”), of which a total of 20,000 shares including the Payment Shares to be issued herein, shall be issued and outstanding within 5 business days of Closing.

iv. Series C Preferred Stock bearing the preferences as set forth in Exhibit C attached hereto (“Series C”), of which a total of 500 shares including the Payment Shares to be issued herein, shall be issued and outstanding within 5 business days of Closing.

b. Pubco further warrants that other than any changes in authorized share capital of any class of shares, no other amendments shall be made to any of the rights and preferences of any classes of shares existing at the time of execution of this Binding LOI and shall at the time of execution of the Definitive Agreement have all necessary power to enter into same.

c. It has the necessary consent, legal authority and power to enter into this Binding LOI.

d. Each of Exhibits A, B C representing the respective designations of the Series of Preferred Stock pursuant to this Section 9, shall be filed by Pubco with the Secretary of State, no later than 10 business days from the date of Due Diligence Satisfaction.

[buysellrepeat]

So the O/S in the 8k is irrelevant but the A/S in the 8k is relevant? Maybe the A/S is 29B now, maybe they lowered the A/S to 1B. Point being you can’t pick and choose to fit your narrative. You are bearish here, think it’s a scam and that’s totally fine. You have no more idea then the next guy what the actual O/S, A/S or float is though.

TA is gagged no one knows anything for sure.