When a company finally seems to be on the verge of gaining compliance with the rules of the exchange in which it is listed, then it might be important for investors to watch the stock price closely.
The Eline Entertainment Group (OTCMKTS:EEGI) is currently working on getting back its compliant status at the OTC Markets but that has not helped its stock price. This past Friday the stock declined by as much as 11% and that took the rout for the whole week to an alarming 27%. However, in this regard, it is also necessary to take a look at some recent developments.
Josh Egelston, who has been appointed as the new Chief Executive Officer at Eline, has been given access to the OTC IQ. That is a significant development since it will now allow Eline to submit its filings in relation to its compliance situation and eventually get the pink status removed from the stock.
As a matter of fact, this past week, the CEO spoke about this matter as well. He stated that the company is working hard and making ‘aggressive moves’ with the view of bringing Eline Entertainment into current status. Investors might do well to keep an eye on the stock despite the decline last week.
 Stock a Good Buy After The Recent Fall?){kind=link}