New Generation Consumer Group Inc (NGCG)

[TB]

.0055 added. MM STXG Ask .0118

[AlanWeedspan]

Last time you said that it ran to .09.

[buttercupjones]

starting to think that no news is news on their end…

[2014shelby]

Time will tell. Seems like neither one provides many updates to shareholders

[I-Glow]

Who would be so foolish as to buy at these prices when connected to Schadel.

IG

[I-Glow]

Has the new management done any better than Kim?

IG

[2014shelby]

Would be nice to get an update from the CEO.

Weren’t a large amount of restricted shares issued about a year ago?

[AlanWeedspan]

dry.

[buttercupjones]

Thanks! appreciate ya

[AlanWeedspan]

No sellers.

[PennyRookie0]

1 share traded today. Volume appears to be a tad low.

[AlanWeedspan]

My theory is that STXG is moving common shares that were added a year ago to cover unrecorded debts and clean up the shell. See section 3A of latest quarterly report.

There’s a sticky on the board here with a fuller explanation.

[buttercupjones]

Any idea as to why STXG been sticking around?

[AlanWeedspan]

If STXG stays where he is, the bid prob fills in slowly and we keep pushing. It is still retail traders undercutting each other, forcing trades.

[PennyRookie0]

Well, you nailed it yesterday.

[TB]

MM STXG Ask .0124 nice quote : MM STXG Ask .007

[SIRCASHALOT]

I hope so , would be nice.

[AlanWeedspan]

No more sellers at this level. Buyers have to hit the ask.

[buttercupjones]

1k volume and up 12.5%. Little taste of what this can do

[PennyRookie0]

What's the deal here this morning? No shares traded? Bid/Ask aren't changing.

[2014shelby]

Looking forward to an update from the CEO and green days ahead. GLTA shareholders

[AlanWeedspan]

Market Makers are algorithms that help “make a market” between OTC buyers and sellers. They are operated by for-profit companies like Citadel (CDEL) and Cantor Fitzgerald (CANT). They are programmed to exploit every buy/sell situation for maximum financial gain. For example: They can short ask hits below the ask in between ticks. They can cover in bid dumps above the bid. They can probe and test the strength of the market with buys or sells. It is all legal. And done with almost zero risk.

Also, you can find the number of shareholders in the latest Quarterly Financial Report or OTC disclosure.

[PennyRookie0]

So they are hoping we give up and dump our shares? Seems like an incredibly risky move for a firm to pull off. Why don't they stick to more proven investment strategies?

Wonder how many shares retail investors own.

[AlanWeedspan]

The day starts with a .61 cent paint-down (100 shares). MMs playing retail like a fiddle.

[AlanWeedspan]

The unrestricted was 280M for a very long time (remember IGLOW mentioning the 100M in "Administrative Freeze" by the TA?). About a year ago, Sobolewski/Currier increased unrestricted to to 326M to cover some unrecorded debts on the shell. That's an increase of about 45M. Keep it in perspective.

And let me make my last comment crystal clear: not telling anybody to hold. Not telling anybody to buy. Those are your decisions. I simply don't believe this is a death spiral - which it isn't. It's a short-term money grab while waiting for the next story to drop.

And no, I don't "work for the pumpers" FFS. I'm a trader who had a GREAT six-fig trade on NGCG in 2021 and I'm trying another trade in what I perceive as a temporary dip. If I'm wrong I can afford the risk.

GL2A

[SIRCASHALOT]

You're not, the pumpers may be connected with the company to pump on rumors, save on PR bill. Risk-free from litigation.

[2014shelby]

Interesting question:

“Is this what Daniel thinks shareholder value is?”

Perhaps an update to shareholders would answer that?

[Old Tymer]

AlanWeedspan, maybe you missed this?...
https://www.otcmarkets.com/stock/NGCG/security

Click on the link for our share structure now. No one gets free trading shares (over 326 million) unless they plan on dumping them as fast as they can. Otherwise, if they had such confidence, they would accept restricted shares. What happens when all those free trading shares are dumped? That leaves us with well over 500 million shares in the float. Is this what Daniel thinks shareholder value is? Remember, as soon as this deal is done, poof, he's gone! He won't give a crap what happens to NGCG. Remember, he's gone "poof" before. Welcome to the world of the "Stinky Pinkies." Maybe I'm missing something?

[SIRCASHALOT]

The trees going down without me, been like that since over 10 cents.

[SIRCASHALOT]

I got a sizable amount but I am not buying these prices until the company comes out and communicates with shareholders. I'm done with rumors.

[AlanWeedspan]

There are zero active convertible notes here and zero debt. Check the filings. There’s no death spiral here. Just a short term money grab. And pretty soon a new story will drop on the shell.

But keep shaking the tree I like it. I got my stink bids in too.

[SIRCASHALOT]

Tell those to the investors in stocks that went to 0.0001 and stayed there by company dilution. Believe me, there is more to fear than just fear. I don't want these crooks taking my money.

[AlanWeedspan]

All buy volume today you scared gimps! STXG got pushed back twice today on about 200k. Nothing to fear but fear itself.

[tiberius23]

I would tend to think the second option.

[PennyRookie0]

Is STXG trying to send the stock price to .0001 and bankrupt the company or are they trying to drive the price down, load up shares, and then earn a huge return once a merger is announced?

[SIRCASHALOT]

Looks like they are trying to walk it up but no takers this time, they killed the stock.

[SIRCASHALOT]

Going under 0.001 folks, company has done a number on us, they are just walking it down slowly to get the highest price for their dilution.

[TB]

no

[SIRCASHALOT]

Assuming there is no plans for this company, then they will dilute it all the way down. And then the SEC reports start by investors.

[PennyRookie0]

I don't suppose we could ask them to stop?

[TB]

when MM STXG is gone

[SIRCASHALOT]

Wonder how long until the dilution stops

[TB]

MM STXG Ask .007

[TB]

MM STXG Ask .0095 nice quote :MM STXG stands at 0.005 in the bid. I'm waiting for 0.005 and lower

[SIRCASHALOT]

Someone got a fat finger and all the rumors gave them an opportunity to sell, assuming it wasn't them that started those rumors.

[Old Tymer]

SIR, holy crap!

[SIRCASHALOT]

This is the transfer agent is anyone wants to get a SS update.

Transfer Agent
Name: Action Stock Transfer
Phone: [phone]
Email: [e-mail]
Address: 2469 E. Fort Union Blvd., Suite 214
Salt Lake City, UT 84121

[SIRCASHALOT]

Right here

https://www.otcmarkets.com/stock/NGCG/security

[Old Tymer]

SIR...

Did you get these numbers from the online filings, or did you get them from somewhere else? I find it hard to believe that there are over 336 million free trading shares! Not saying it's not impossible, but Jesus H. Christ! I wonder how many of those belong to him.

[SIRCASHALOT]

Float 204,284,342 08/30/2021

Unrestricted 336,089,951 01/10/2022

No dilution you say?