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Eline Entertainment Group, Inc.
Eline Updates Shareholders on progress
Published Mar 17 2017
4 min read

Eline Updates Shareholders on progress

Eline Entertainment Group Would like to update its shareholders on recent changes. Due to recent deals in progress, the company's reduction of authorized shares that was planned has been postponed, and the company's outstanding shares has increased substantially. The updated structure has been submitted to the company's OTCMarkets profile today and will show updated numbers as of the release of this update. The company plans to take measures to reduce the outstanding shares as soon as possible, but this increase was necessary in order to move forward.
    The company understands that nobody likes to see the outstanding increase but it was necessary in removing the old debt, and in preparation for planned changes. We want to let everyone know that we have no plans for a reverse split at this time, as we believe our future plans will support the current number of outstanding shares especially if we are successful at reducing them in the coming months. There should be no further issuances needed for some time now, and the company will be taking measures to make the updated numbers more available and more recently updated so that the public can see that.
Thank you
EEGI Management