Cuentas Inc (CUEN)

[floridagrl25]

NXGH ~ Steady fall from .40. The Robert Rico/Arik "MEGA MERGER" was nothing more than another cruel joke on shareholders. Once again, Robert Rico had the last laugh as he passed his scam torch to Arik. The "Dividend" that Arik touted was another joke on investors. Just as expected, it never happened. Arik had the last laugh on that one. Robert Rico = Arik. NXGH is loaded with toxic debt as Arik continues to line his pockets with shareholders money.

On July 19, 2016, the Company announced a final record date of July 22, 2016 for a special dividend. The Company did not receive transmittal letters from all shareholders and, because of the significant discrepancy in reported ownership and the transmittal letters, rescinded the dividend.

http://ih.advfn.com/p.php?pid=nmona&article=72965657&symbol=NXGH

Net loss from operations for the six months ended June 30, 2016, was $3,749,464 compared to a loss of $279,546 for the six months ended June 30, 2015.

The Company may not have sufficient resources to fully develop any new products or expand our inventory levels unless it is able to raise additional financing. The Company can make no assurances these required funds will be available on favorable terms, if at all. If additional capital is raised through the sale of equity or convertible debt securities, the issuance of such securities would result in dilution to our existing stockholders. Additionally, these conditions may increase costs to raise capital and/or result in further dilution. The failure to raise capital when needed, will adversely affect our business, financial condition and results of operations, and could force the Company to reduce or cease operations.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11556341

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11468928