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Someone probably manipulating the stock
Too busy lately to watch NGRP, but notice that it ran up a bit.
Probably manipulation designed to create an impression that something is happening.
Thanks~Brian always hoped to cash-out,rewarded for being-a-lousy CEO-Conman or Dreamer was never clear, not much difference really. Talked a big game and had me fooled for a while, I spoke to him a few times on his cell even, as he was clanging about in his house that he bought under a daughter's name as I recall because he was being sued all over. Were always huge deals in the making, the allegedly rich southern toilet paper holder guy who kept him dangling and wanted him to grovel only to never come through, some shuttered hotel in NJ where he was gonna build some power plant, but the debt kept growing, he even took a personal loan from an investor he allegedly never paid back, claiming he needed grocery money (wonder if he's been blasting Brian lately or gave up), it ran on news that some big co. was funding them but then he ended up making a deal with some mom & pop co. - exhausting, but sounds like I sold out too soon if the stock actually ran that high on the acquisition. Probably should've waited to sell when Brian did.
I'll keep on watch, GL
Here's what I can tell you. Brian is gone. I private company "NGEN Technologies" took over LIBE and the new symbol is NGRP. Brian got cash and shares for his exit.
The new guys came in talking up big things. They had release documents showing the expected revenues that were going to be about $150 million with the possibility for more. The stock was flying. It reached an intraday high of the equivalent of what would now be $4 per share. Then the CEO brought the frenzy to a halt by announcing a reverse split.
The Split happened at 1 for 2000. The problem was that out of the blue it was announced that the accounting firm resigned and did so saying that the previous financial claims could not be relied upon. Obviously the stock got decimated by this. The CEO got booted and absolutely nothing has happened since. It's been about 9 months of silence.
I had emailed the company accusing them of a scam and whoever responded claimed it wasn't a scam and what happened was orders they had announced ended up being cancelled. He blamed the cancellations on their over aggressive collection agency angering customers.
It's shown a bit of life lately simply because it doesn't take a lot of cash to make this move. Believe it or not, I bought more shares on the hope that they can salvage some of those cancelled orders. If they can salvage even half of what they originally expected, then those of us that picked up shares on the cheap will be fun bunching. That is not a recommendation for you to buy. It's a gamble for sure. Good Luck.
Remember Tomorrow
This=old LIBE?Brian still=CEO?I recognized-familiar-posters-from-B4-I finally dumped this stock hearing Brian's promises & lies while he was RS'ing and accumulating debt, engaged in one failed hope after another... can anyone give me a quick rundown what happened? R/S'd then name change apparently but any real hope here? TIA
NRGP...095...Reversal Candle setting up here...
Recently I was banned from dxxxxd as Brian did not like my questions about OxxC. Then John of Waypoint banned me as well ........... so I began to research why they both got upset when I suggested they could hire Ryan O Leary to help manufacture PCTI products since Brian had hired Ryan to manufacture guard lites.( https://newyork-company.com/co/riastrad-llc )
Key to this quagmire of companies etc is a town called Florida New York IMHO
First we have Waypoint run by John who refuses to fully I D himself.
Waypoint listed address : 46 North Main St Florida New York
https://thewaypointrefinery.com/?fbclid=IwAR1Of3ei2038oRQSRfJ4PBmE06vEOETkUNVo9dS4X_Gtg-h1ujbLsCgXSf8
I found a LLC owned by Ryan O Leary and his address is the same :
https://opengovny.com/corporation/5874367
CTRL SOLUTIONS L.L.C.
Address: 46 N Main St Apt 2, Florida, New York 10921
Also found a current article showing Ryan and friends opening a new store on Main Street in Florida. What is interesting about the article is that it lists Daniel Jaros as a partner. Jaros was also hired by Brian to lead "Bitwhisper LLC"
http://www.warwickadvertiser.com/news/local-news/florida-repairit-celebrates-grand-opening-EE1341042
https://www.globenewswire.com/news-release/2018/01/24/1304311/0/en/The-Go-Eco-Group-LIBE-Forms-Subsidiary-BitWhisper-LLC-for-Blockchain-Technology.html
I also believe John of Waypoint last name is "Carr" IMHO :
John M Carr
Address: 46 N Main St Florida, NY 10921
Name: John M Carr
Address: 46 N Main St Florida, NY 10921
Email Address: sg*********@gmail.com
Age: 66 years old
Marital Status: Married
Occupation: Retired
Education: Completed High School
Dwelling Type: Multi Family Dwelling Unit
Length of Residence: One year
Report ID: 484389625
No one should buy or sell any stocks I post about as my posts are opinions.
I know you asked Mags but I’ll give you my two cents. Where this goes depends ultimately on the question you asked, “was it a scam all along?” It probably was because these things always are. It’s hard for me to think it wasn’t a scam when I haven’t been on the winning side of one of these yet.
That being said, if it wasn’t a scam from the start, then I would figure that they have been silent for the last 8 months because they are trying to clean up the mess. They will stay silent until that day when they can say, “ ya da - problem solved.” If that happens, I would expect this to fly and soar past $5 per share.
Hopefully for me, the 50th times the charm and this one won’t be a scam.
Remember Tomorrow
Where do you think NGEN Tech is headed if anywhere? Where the audited financials fake and where did the 3d tech and mufflers go?? was it lies in your opinion?? I've talked to the CEO of once LIBE and he said he never received his shares for payment of his stock symbol.I've contacted Negen Tech through both their email addresses and got about 5-7 different strange replys from them. One was interest in obtaining my shares!!! Kinda strange also the CEO from LIBE didn't seem interested no longer in the empty shell he sold he claims he never received the shares owed to him for. It's all kind of strange!! What's your opinion Magnum?
I know this is an old post, but he has money now.
Pop onto OZSC
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:
* On or about December 6, 2019, Benjamin & Young notified the Company’s prior management that (i) the Annual Ngen Financials should not be relied upon because Benjamin & Young did not complete the audit for such Annual Ngen Financials, and (ii) the Interim Ngen Financials should not be relied upon because Benjamin & Young did not review the Interim Ngen Financials.
* During December 2019, February 2020 and March 2020, Benjamin & Young discussed with the Company’s prior management that (i) the audit for the Annual Ngen Financials had not been completed, and (ii) the Report, the Annual Ngen Financials and the Interim Ngen Financials should not be relied upon.
* Benjamin & Young did not authorize the Company’s prior management that the Report, the Annual Ngen Financials or the Interim Ngen Financials could be filed with the Form 8-K.
Accordingly, the Report, the Annual Ngen Financials and the Interim Ngen Financials should not be relied upon.
In addition, on April 14, 2020, following receipt of the B&Y Correspondence, the Company’s sole director concluded that the unaudited financial statements for the three and nine month periods ended September 30, 2019, included as part of the Company’s Quarterly Report on Form 10-Q filed with the Commission on November 7, 2019, should no longer be relied upon.
The matters set forth in this Current Report on Form 8-K have been discussed with Benjamin & Young. The Company plans to open an investigation into the matters set forth in this Current Report on Form 8-K.
Of course it is material. The collapses of Rhee's companies CTX Virtual and Thomas Equipment appear to show that his businesses are built on big talk, large debt, very weak foundations, and no solid, audited filings.
The same appeared to be happening with Greenfield Farms Food before the SEC suspended the stock.
It will likely happen again with LIBE.
If Winters is your CEO, then chalk one up for "disaster".
How did Greenfield enter the picture?
IG
Strange. Greenfield still involved?
To the extent that the Security Agreement may not be terminated without the approval of Greenfield, as between Santa Monica, Ngen Texas and the Company, in the Restructuring Agreement, Santa Monica acknowledged and agreed that it will no longer have any interest in, rights to, or claims to, the collateral that is the subject of the Security Agreement. To the extent any Ngen Texas Agreement may not be terminated without the approval of any other person, as between Santa Monica, Ngen Texas and the Company, in the Restructuring Agreement, Santa Monica acknowledged and agreed that it will no longer have any interest in, rights to, or claims to, any such Ngen Texas Agreement.
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
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