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Brian just filed a 10Q showing shares he owns some preferred shares of OZSC total value today around5 million. Good luck !!
https://ih.advfn.com/stock-market/USOTC/ozop-surgical-pk-OZSC/stock-news/83748373/quarterly-report-10-q
NGEN still hasn't renewed its Nevada business registration
NGEN's annual business filing and fee was due in NV on Sept 30, 2020. It still hasn't been paid.
Basically nothing has happened here in about 9 months. I’m hopeful that they have been using that time to fix the problems. Hopefully we get an update soon.
Remember Tomorrow
Conway should have held out longer.
Despite its shortcomings, the NGEN shell was a lot cleaner than the company that former CEO Brian Conway eventually took over in order to run his latest reverse merger.
Of course, his current venture technically wasn't a shell company, while LIBE/NGEN was.
At least the company he's heading now is an actual business, though it was rapidly declining after the death of one of its founders. It might be salvagable.
NGEN under Clifford Rhee was just a house of cards, as it appears many of his prior public companies were.
Still don't have an accountant
NGEN still hasn't announced a new accountant.
Is there even a board of directors anymore?
Registration in Nevada expires Sept 30
NGEN is registered in NV, and it's annual list (business registration) is due to be filed by Sept 30.
Without a CEO, who is taking care of these things?
Still no filings from NGEN
No new CEO has been announced.
have a whole $4.00 worth of this garbage lol. would cost me more than that to sell it. think i might still do it just so i dont have to look at it anymore.
Bag holder huh
Brian Conway
I wish I could go back in time and invest all my money in Brian Conway.
He is the perfect role model CEO for how to lead a company to prosperity.
The man is a pure genius in the slickest kind of way.
Scott Lucas named as CEO and director effective April 1, 2020.
Scott Lucas resigned as CEO and director effective July 27, 2020.
Benjamin & Young, LLP appointed October 2, 2019.
Benjamin & Young, LLP resigned April 14, 2020.
One of Conway's minions is pumping Boxlight using NGen and Samsung.
IG
Three months, and no new accountant announced
It's been three months since NGEN's accountant, Benjamin & Young, resigned on April 14, 2020.
No announcement of a new one yet, and NGRP is now delinquent with the SEC with its filings, and has a "Stop Sign" at OTC Markets as a "Pink No Information" company.
Is the company dead, or just resting?
It's hard to doubt your opinions since you seemingly have been right about everything thus far. I respect your opinion very much. My record hasn't been as stellar. However, there's something telling me that this could be an unbelievable buying opportunity. Obviously, something serious happened since it resulted in the accounting firm resigning and the CEO ousted. We have been told that the financial statements can not be relied upon. Well, even if the numbers turn out to be just a quarter of what was originally expected, the PPS could soar. Probably just wishful thinking, but I have to have something hang on to.
Remember Tomorrow
I wonder if NGRP will ever file again
Right after the reverse merger with LIBE was announced, I wrote that Clifford Rhee's companies (Rhee was the principal owner of Ngen at the time) appeared to be ineptly run, or scams:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=150876519
It appears to have played out just as I suspected it might.
It's been nearly two months since Ngen filed an 8-K that its accountant had quit, and we've yet to see an announcement of a new accounting firm.
I wonder if NGRP will ever file again, or if one day Brian Conway comes back to sell the shell in a new reverse merger scheme.
I didn't see where they filed for a extension - NT 10-K.
IG
It's a scam laddie
They haven't filed a financial report since November 2019 for the 3rd quarter 10-Q.
For the annual report, they have until the end of June 2020 if they file a COVID-19 extension. They likely won't be able to get the 2019 10-K done by then, since they recently had to choose a new auditor.
Why does NGRP have a RED STOP SIGN ?
https://www.otcmarkets.com/stock/NGRP/security
Yes. I am hiding behind a chocolate "mousse"-- would you like some dessert?
You said NGen had Revenue of close to $200 million - what happened to that - I called BS when it was posted and the audited financials were fraudulent.
Now there is another scam that has revenue. Buyers Beware!
IG
No idea, man. Guy might just not understand how "pumping and dumping" works. I'm sure his lenders gave him a bit of a smack on the wrist for that one...
If one is looking for a producer of Flat panel TV's similar to NGRP I suggest one peer at my latest find . :) They already have over 2.5 million in additional revenue since the Virus outbreak :) In fact today they announced a 250.000 contract for Florida.
They are located in Georgia and did a partnership that now gives them the west coast as well !!
Yes they are experiencing serious dilution right now which is bad for "bagholders" but great for newbies IMHO
$GAXYGalaxy Next Generation Awarded Approximate $250,000 Contract from Scheck Hillel Community School in Miami, Florida
— WasFuzz2 (@Magnum7419) April 22, 2020
Does Scott Lucas have any baggage? Once a scam always a scam - I have never personally seen a turnaround.
IG
It means that the Conway paid minion lied about $200 million in revenue.
IG
Getting close to my .10-.20 buy target, but I already spent the NGRP bid money elsewhere 2 months ago.
Thanks for the summary. Does that mean audited Ngen financials (posted in the exhibits of a previous 8-K filing) for 2017 and 2018 are still good? B&Y only mentions 2019.
2019 annual report was due 3 weeks ago, but because of COVID-19, the SEC is providing conditional relief to public companies that are unable to file on time.
Accounting firm resigned. Financials shouldn't be relied upon
NGRP filed an 8-K yesterday, announcing that Benjamin & Young, LLP, the accounting firm it hired in October, 2019, resigned on April 14, 2020.
In that filing, the company stated the following about from a correspondence it received from B&Y on April 14, the day it resigned:
If Winters is your CEO, then chalk one up for "disaster".
How did Greenfield enter the picture?
IG
I’m in for the long on this as well , Ironically , Carter&Rhee Iglo’s bad actors are out of the picture now.
Looks like a swap of shares for notes. Wipes out close to 10mill notes for 33mil shares Carter converted after the RS. Something is going on with this clean debt free shell. NGEN Technology still owns the products and patents. I've held this long can't sell now.
What the hell?? Is there any possibility this isn't the disaster it appears to be?
Remember Tomorrow
Bizarre, and way too much to unpack
It appears that Santa Monica Venture somehow foreclosed on the company, CEO Carter has resigned from NGRP, that he and Clifford Rhee have sold their 33M shares back to the company for $1, and that there is some restructuring going on involving a $774K note issued to Santa Monica which includes warrants for 1.4M shares at $0.0000071149 per share.
I guess that the supposed revenues from the sale of mufflers and 3D modules wasn't to keep the company out of trouble, after all.
https://www.sec.gov/Archives/edgar/data/1503161/000149315220005899/form8k.htm
Has anyone seen the newest 8k
https://www.otcmarkets.com/stock/NGRP/disclosure
I'm still watching from time to time. I popped on to see if anyone figured it out yet...
Hi Brian,
Can you elaborate on this comment you had made? It is from almost 3 months ago. I hadn't figured it out, but have been waiting patiently for it to reveal itself naturally. Since then absolutely nothing has happened. I remember you being excited about what your shares would be worth in 6 months when you can sell them. Aren't we at the 6 months? I'd appreciate hearing your thoughts on where we're at.
Thanks,
Remember Tomorrow
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
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