Replies to post #72425 on Eline Entertainment Group Inc (EEGI)

[StockWizRus]

That would be a terrible move for reputation of the company. As far as I know companies buy back shares on extra profits, not on loans. They pay emerald 9%-12% annually on those loans. So having that loan for 2 years without any cashflow just to buy back shares makes zero sense. Share price will go down to trips and they won't be able to raise any capital. It is a far fetched idea that eegi will be a dollar per share. A penny? Yes. Dollar? Not any time soon.
Right now they are focusing on growth. Online streaming services in these times prospering. UFC fighters complaining about no pay, so XFS has an opportunity to swoop some fighters to fight for them with attractive revenue sharing agreements. Once share price goes above penny (80mil market cap) they can raise more money to expand. UAE for example loves MMA fighting championships.