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Sunday, 06/26/2016 12:00:58 PM

Sunday, June 26, 2016 12:00:58 PM

Post# of 56571
In a January 4, 2016 press release NGCG stated:

It gives me great pleasure to share our first steps in cementing our plan as we start the 2016-year. Currently we are in the process of returning over 375,000,000 (three hundred seventy-five million) executive shares to treasury. As many of you know, these shares would become available this month. NGCG feels it's in our best interest to stabilize our company foundation and rebuild our credibility with our shareholders and customers. In addition to returning shares to treasury, we will lower the authorized to 600,000,000 (six hundred million) from the current 750,000,000 (seven hundred fifty million).

http://finance.yahoo.com/news/generation-consumer-group-announces-letter-140000052.html

Then Kim stated on April 7, 2016:

To date we have returned over 250,000,000 (two hundred - fifty million) shares to treasury.

And in the FAQ:

20. Where did the 250 million shares come from to return to treasury? What are the plans for disposition of the 250 million shares?

a. Shares were voluntarily returned to treasury as part of the agreement for new ownership.

I contacted the Delaware SOS on April 1, 2016 and here is the information they provided:


Common 750,000,000
Preferred 20,000,000


IG

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