Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Carter and Rhee are in the share selling business - there isn't a real company involved.
IG
Silverman a holdover from LIBE. Folkerth recently hired.
Jay Silverman had been a director at LIBE since 2014, and stayed on when the reverse merger with NGen closed.
Steven Folkerth was was appointed the Chief Medical Officer and elected as director in September, 2019.
Thought you said only 2 people behind this ...
When strength returns so will I :)
This is standard boilerplate language for resignations:
"Dr. Folkerth's and Mr. Silverman's resignations are not as a result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices"
They understand it is a press release company and not a real business.
IG
What do you think that’s about?
"On March 17, 2020, Dr. Steven Folkerth notified the Board of Directors of Ngen Technologies Holdings Corp. (the "Company") of his resignation, effective immediately, from his position as a director and as the Company's Chief Medical Officer.
Also on March 17, 2020, Jay Silverman notified the Company's Board of Directors of his resignation, effective immediately, from his position as a director.
Dr. Folkerth's and Mr. Silverman's resignations are not as a result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices"
https://www.marketscreener.com/news/NGEN-TECHNOLOGIES-HOLDINGS-CORP-Change-in-Directors-or-Principal-Officers-form-8-K--30198020/
I'm still looking for cheap .10 to .20 shares.
What promoting? I heard nothing. This is dead....and so is half the world.
It looks like the rats abandoning the ship in the latest 8-K.
Those promoting NGen look pretty foolish.
IG
There was no warehouse full of lights lol. They didnt even have a functional prototype. Btw...wonder if that 50 million hit the bank. Maybe this is Chidocs revenge lol
You stated that Richard Lund was a Billionaire and was going to finance the purchase of a dilapidated Playboy club - but that never happened.
Wasn't Nipton in foreclosure and ERBB has been pumped so many times that no one believes any of the nonsense in a press release etc.
So Lund must not be very bright as Nipton hasn't become a mecca for weed smokers.
The link you provided is from the ERBB annual report that isn't audited - why would anyone believe anything about ERBB.
And LIBE didn't do anything with a fake contract - you don't know if the $5000 payment is true because Conway was allergic to being truthful.
Where is the proof that Libra is funding the Nipton project?
IG
I am sure you wont take the time to read the report from ERBB but here is a taste of DD. Now recall Sean and Richard Lund were going to fund "Legends" that fell thru..
and remember ERBB bought Nipton ..........
and remember LIBE had 5000 deposit for ten lights.....
now what happen to that warehouse full of lights ?
did Ngen want em ....... I doubt it.......I bet Brian kept em and the patent rights....
"American Green, Inc. (the “Company”) was formed on December 10, ... Sean P. Daly holds voting and investment power over Libra Fund, LLC ..."
https://backend.otcmarkets.com/otcapi/company/financial-report/232192/content
What is your proof of this - was it in a stinky pinky press release?
This is going to be fun.
IG
Who would be foolish enough to buy stock in a company doing a reverse split - why hold through a reverse split.
The pre-split price was $0.0006 - if I purchase 10 Million shares - after the split I would own 5000 shares.
The post split price was $0.88.
An investor paid $6000 for the 10 Million shares - after the split the 10 Million shares would be worth $4400.
Now the price is $0.58 and your $6000 investment is worth $3480.
So the true losses is 42%.
I prefer to use the post split price and current price which is a loss of 34%.
The reverse split as always has been a disaster for those that held.
Carter and Rhee are serial scammers - NGen doesn't generate any revenue. I can only hope they produce fraudulent financials for the SEC.
IG
FYI NIPTON is back on and funded by LIBRA FUND :)
What exactly has Carter and Rhee accomplished that gives you confidence in them - is it the way they drive GRAS into the ground?
IG
Even worse, it's barely a web-page. Just works on "investor relations," likely building off his grand success running LIBE - you know, blaming customers and investors for his failures, launching convoluted and incoherent press releases, signing worthless LOIs (Letters of 'I Tried.')
https://thewaypointrefinery.com/
Stop the press...
Conway. The guy who took this ticker through the ringer, to the dump, through a cesspool, threw a lifejacket, then drove the car off a cliff was:
He said he was not happy with the deal he ended up with when NGEN bought him out.
He's still going on about the magic of 'averaging down,' while also selling shares at a loss and repurchasing those shares and magically showing an unrealized gain? Incredible. I figured things would have died down by now with this stock.
It took so long because of FINRA. I assume they had questions and couldn't approve the corporate actions right away.
I like what I'm reading there offshore.
Thanks for the update. Carter and Rhee are not playing OTC games so that tells me that they have their sights set on bigger and better things.
Just as an FYI from a highly accredited corporate accountant that I know, if the SEC filings are fraudulent there will be some serious jail time for the filers to serve at this point!
I hope they made enough on the scam for it to have been worth it!
I just don't see it right now! Ask me next January and maybe I'll have changed my mind!
I bought 15 million shares of this company at .0001 during conversions and sold at .0006 :)
Conway made a post a month ago or so asking "Has anyone figured it out yet", under the handle "Winter". I asked and he said that it was his post!
I asked him about it and he mentioned something about all the orders but was kind of vague!
He said he was not happy with the deal he ended up with when NGEN bought him out. He thought he should have gotten more (don't we all). Not sure about the details about when, why, where, how!
He said he hasn't even talked to the NGEN people for quite some time now and didn't have any groundbreaking information that he would divulge!
All in all I would say he was very pleasant and a little surprised I would be calling!
I have also talked to Ed Carter on several occasions. I specifically asked him if this (NGEN) was a big scam and his answer was: "If this was a big scam, would I have invested $500K of my own money on the accounting/accountants for all of this?"
IMHO, If the numbers and orders are real this could turn into a $1B company in no time at all!
If not the SEC will be handling the fallout! Good luck to all!
Let's see what Carter and Rhee file with the SEC - I want to see if they sack up and file the millions in revenue that was reported in NGen financials. Because those financials were fraudulent.
Two knuckleheads like Rhee and Carter aren't capable of operating a $100 million business.
My question is - will they file a Form 15 and become dark and stop filing with the SEC.
Look at the disaster they created at GRAS.
IG
How exactly does one use dilution to their advantage?
How - buy high sell low?
Do you have any examples of taking advantage of dilution?
IG
They aren't going to uplist - Carter and Rhee are serial scammers - they don't own any patents.
They don't have any revenue - the financials about NGen are fraudulent.
IG
Nothing At ALL ... I thought your decision was appropriate given the impending default. Not sure why but they have gone completely silent,..,strangely still followed their professed up listing strategy. Then they Converted all the preferred shares abruptly while still maintaining a decent pps post rs. I suspect something is lurking , either way still. a mysterious trajectory.
Did the CEO explain why the R/S took so long that the current debt went into default as of Dec 31h IMHO . I could no longer hold a stock that was in default and entering into a R/S.....
As I remember where you got in , you would still be up 4-500 % this last week. This has never got back to your initial entry point like you expected . At one point in Jan it was up to $1.50 post rs. Your “warning” of trip 0s and the dilution apocalypse hasn’t panned out as of yet. Like I said a mystery .
You seem to have been the most accurate on your assessments about this company so far... Simple question: Do you agree with Glow that all the SEC filings are lies as well?
We all understand dilution so use it to our advantage IMHO
Hope to see you back here Magnum. I’m buying back in slowly. I believe 100% that Rhee and company do not have their sights set on being an OTC company. It’s just a matter of time AND they will give no warning. Just like the ticker change...no PR, no fuss...just going about their business doing what they said they’d do. Hoping for an uplist and/or buyout of the 3D tech
The market cap is a very poor way to judge a company.
First there was a 1:2000 reverse split - that increased the price and since the split the shareholders are down 20%.
Plus, NGRP did leave the A/S at 3 Billion shares - so there must be dilution on the way.
IG
I care - if making money is more important than being truthful about these OTCM scams - then there is a serious problem with being morally and ethically bankrupt.
Co-signing all of the Conway hype is a very poor decision - especially when the hype was so ridiculous.
IG
What happened to all of the projects had at LIBE and you said everyone was a great deal and none came to fruition.
Now back with Conway - I hope all of those that lost money on LIBE will ignore the Conway hype and understand he is a serial scammer.
Maybe Conway will buy the Playboy club and use the fictional Billionaire Richard Lund for financing.
IG
I warned everyone prior to the R/S !!! I made 600% selling pre split !!
Brian's new company will fly tomorrow.....and I may use some of that profit to buy back here........ as I never use my money ")
Yes, they did a 1:2000 reverse split and those that held are down about 20%.
A name change is rubber stamped by FINRA - unless the name is taken or similar to a well know company - and the company hasn't filed another Corporate Action Request within the last 60 days.
So a name change is meaningless compared to a reverse split.
IG
Nice scam IMHO 25 mil market cap sooooooo far
NGRP SECURITY DETAILS
Share Structure
Market Cap Market Cap
25,790,806
02/28/2020
Authorized Shares
3,000,000,000
01/31/2020
Outstanding Shares
36,844,009
01/31/2020
There was a reverse split - there isn't any volume.
Carter and Rhee failed GRAS - using the same pumping nonsense as they are using here.
I don't of any serious and successful investors that believe NGRP is a real company - and the financials are fraudulent - it will be interesting to see what they submit to the SEC.
No mystery, NGRP is a OTCM share selling scheme.
IG
As long as I make money and get a free car every Xmas "who cares" :)
Why would any real company name Conway as the CEO and interim CFO - he was a dismal failure as the CEO of LIBE. No real company would touch that guy.
Conway is a serial scammer and going to another OTCM scam.
IG
Indeed they did, and a name change
Did Ngen have a reverse Split? I haven't checked in for a while.
I have been waiting for this thing to go one way or the other, sure doesn’t seem to be following your horrific forecast either. Remains a mystery.
How did NGen gain control of LIBE?
I have seen many OTCM shells passed around but the original insiders maintain control - such as Bill Schaefer, the wild days of APS and Phil Kueber and I can't see Conway walking away from his personal ATM.
IG
Followers
|
403
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
86313
|
Created
|
02/08/13
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |