Replies to post #666 on Eline Entertainment Group Inc (EEGI)

[uranium-pinto-beans]

great post Wiseman. last float was 10 million. we traded half that today. I smell a short squeeze.

[satelliteguy]

Let's see. If there's really about 45 million unissued shares, and assuming a value of half a penny, those shares have a value of $225,000. What kind of reverse merger candidate do you think will be enticed to vend itself into this shell for $225,000 worth of stock?

More likely, the authorized would be increased to maybe 500 million, and the RM company would get 90% of the shell, leaving existing stockholders with about 10%. That would still be a great deal for something that was basically valueless a couple of days ago (except for the value of a Pink Sheets shell, which is probably a couple hundred thousand bucks max).

However, it's not at all clear to me that Shareholder Advocates will be able to round up a majority of the outstanding shares in order to take control of the shell. and if you Google David Keaveney, the guy behind SA, you find a trail of subpenny and defunct companies.

Buyer beware.