$EEGI UPDATE!! Eline Entertainment Group, Inc.
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Posted On: 05/11/2017 3:01:54 PM
$EEGI UPDATE!!
Eline Entertainment Group, Inc. ( OTC: EEGI) was a heavily diluted issuer with nominal operations that engaged in extreme toxic financing. Acting on directions of the preferred shareholder we were retained to locate interim management, stop the toxic financing activities and locate a new meaningful merger candidate with substance. This when completed will allow both the common and preferred shareholders and stakeholders to gain and realize benefit in their holdings.
Company is in restructuring mode
All past management has been removed.
New interim turn around management appointed
New interim management in talks with several merger candidates
Re-domiciling to Wyoming well under way
Awaiting EDGAR Key to file 8K ( next 7 -10 days)
In talks with several majority block holders for share lock up to significantly reduce the float
So far 800 million common shares in lock down mode
In addition an additional 600 million common shares in discussion for a lock down / dribble out arrangement
Consolidation created at least 2 stakeholders with greater than 5% holdings but less than 10%. Schedule 13g is in the works by these stakeholders
No toxic financing what so ever currently under way nor is any planned by current turn around management
Current merger candidates include a marijuana cultivating company, a virtual reality company, a medical supplement company and a on line discount travel firm.
This is a great time to enter this no bid 0.0001 play.
No where to go but UP!
Once these tasks are completed the next wave of planned activities including utilizing new OTC rules should make EEGI sky rocket
MMG alert email 5/11/2017
Eline Entertainment Group, Inc. ( OTC: EEGI) was a heavily diluted issuer with nominal operations that engaged in extreme toxic financing. Acting on directions of the preferred shareholder we were retained to locate interim management, stop the toxic financing activities and locate a new meaningful merger candidate with substance. This when completed will allow both the common and preferred shareholders and stakeholders to gain and realize benefit in their holdings.
Company is in restructuring mode
All past management has been removed.
New interim turn around management appointed
New interim management in talks with several merger candidates
Re-domiciling to Wyoming well under way
Awaiting EDGAR Key to file 8K ( next 7 -10 days)
In talks with several majority block holders for share lock up to significantly reduce the float
So far 800 million common shares in lock down mode
In addition an additional 600 million common shares in discussion for a lock down / dribble out arrangement
Consolidation created at least 2 stakeholders with greater than 5% holdings but less than 10%. Schedule 13g is in the works by these stakeholders
No toxic financing what so ever currently under way nor is any planned by current turn around management
Current merger candidates include a marijuana cultivating company, a virtual reality company, a medical supplement company and a on line discount travel firm.
This is a great time to enter this no bid 0.0001 play.
No where to go but UP!
Once these tasks are completed the next wave of planned activities including utilizing new OTC rules should make EEGI sky rocket
MMG alert email 5/11/2017
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