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OTC stocks are usually dead during the weeks following a R/S.
.78 / 2000 = .00039.
No volume. No interest on message board. No PRs from NGen.
Dead stock walking and tanking.
Sounds like a free trial offer to get you to come back!
Dead in here. PPS going down. Little volume.
Glad my 1.4s filled last week. Hasta La Vista!!! Not wishing bad luck on anybody here but stay at your own peril.
Debtholders don't have to file if under 5%
I believe it's 20 business days, IG
I think that on the OTC, the "D" remains on the symbol for 20 business days, not calendar days.
For LIBE's last RS in 2016, the "D" was added on 9/8/16 and removed on 10/5/16 which, counting the eighth, was 20 business days.
Depending on whether or not they count this week's MLK holiday as a business day, the "D" should be removed on Feb 6 or 7.
Just asking for proof of your claims. Filings don't lie. No filings for selling shares have been submitted.
Substantial news that can be independently verified - not like the typical BS where they don't provide any details that can be verified.
Pumping news without facts is worthless.
IG
The D lasts 20 days.
IG
Defending a toxic lender that is harming shareholders is very unusual.
Plus, Carebourn and Auctus will add soul crushing dilution to LIBE.
IG
Flat out LIE. Where is the link. Here is the sec filings for the company that you said has dumped.
https://www.sec.gov/cgi-bin/browse-edgar?CIK=0001585346&action=getcompany
LIBED
I sold out of LIBE shortly after the r/s, but this morning I woke up to a single share of LIBED in my account. Does anybody have any idea why this is? TIA.
So there isn't gonna be a complete symbol change? They're keeping the symbol LIBE?
Everyone posting on this board KNOWS that if substantial news hits soon this will EXPLODE!!!
Hmmmm,The only 8k we get to break the silence is management converting their Xshares to common. Still silence while convertible note holders are exercising their right to convert their convertible notes to common shares. The old CEO who owns common shares here comments about if anyone here has figured it out yet like he does know what's going on behind the scenes.Of course taking what he said with a dose of salt so to speak you have to ask your self why is management and convertible note holders acquiring common shares???? I'm seriously wondering if this is the silent accumulation before the STORM!
Can anyone confirm or deny that NGEN Technologies is in Mika3d printer ribbons which are selling on Amazon?
Like Part II of a Form 4...they file for the derivative security underlying the potential conversion.
New to investing. Where is it that you are getting your info. Would be a great help to me thanks.
Here's an old 13G filed by LG CAPITAL FUNDING, LLC for another stock with the same "Consists of Common Stock which the reporting person has the right to acquire by way of conversion of a security."
https://www.sec.gov/Archives/edgar/data/1421665/000147793213004237/lgcapital_sc13g.htm
LG Funding
https://www.manta.com/d/mb0vsqz/lg-funding
Hopefully we get an update when the D is removed next week.
Series X conversion on 1/15, "Event" on 1/16
Might have been tied to LG Capital lawsuit
I just had a thought that this filing might have something to do with the 2016 lawsuit LG Capital brought against (then) Liberated Energy (LIBE) in the Supreme Court of NY.
According to the SCNY website, the case was discontinued in July, 2019 at the request of both parties, so I think that they came to a settlement.
Maybe this 13G filing is something that LG needed to do as part of the settlement.
As to the future, I don't know what this company is really doing, because there isn't much info out there, other than SEC filings and company press releases.
The company's website isn't much help, as it doesn't show any hard data on the supposed 3-D products, like datasheets, specifications or marketing downloads.
We haven't seen any significant info on 3D TVs from the 2020 CES that shows any NGEN/LIBED involvement.
The NGEN website also doesn't have any hard info on the mufflers that they claim to be selling, other than an old presentation that only shows prototype units.
Nobody has ever shown that Hyundai is actually using these mufflers in their 2018, 2019 or 2020 vehicles.
I figure that one of these days, CEO Carter will put out some news that will spark buying interest, but then the question is: How will the noteholders react to it?
Toxic lenders don't care about speculation etc - they have a floorless convertible note - so they don't care about the price.
Carebourn and Auctus don't care about the penny stock companies or their shareholders - they want volume to dump into.
IG
I have never seen a company file a 13G for stock they might acquire. That seems odd and not required - live and learn.
Nice work DRT!
IG
Your guessing they didn't see the 8k? Hmmmm, that seems unlikely to me... More mystery to this saga, I can't wait until we get some explanation from the company.... They are way overdue here. on so many issues. They were doing so well before , strange to leave us hanging.
Best guess, what do you think is going on here?
Lots of confusing information!
I don't think LG acquired or dumped yet
that's what I'm saying. They didn't dump...they just converted into common. I think it's in prep for something....THAT is the great unknown. It could go either way. Anyone who doesn't realize that these venture firms lend money for shares in order to make money doesn't understand the market. I don't have a problem with everyone making money and if they have something up their sleeve that is big....awesome. Besides, even with the conversions, the float is still so small, it will move with any good news.
Everything is speculation at this time! Be careful of the "Fake News" posters!
Nowhere does it say LG capitol dumped their shares or converted anything!
From the 13g/a 1-23-2020
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
172,927*
*Consists of Common Stock that the reporting person has the right to acquire by way of conversion of a security.
The preferred shares converted, LG Capital converted - you can only assume that Carebourne will also convert relatively soon. That either tells us that something big is coming up and they want to be in on it, or massive dilution is about to come. Time will tell...good luck to all.
Nice hopefully the pump comes soon so he can dump.
LG Capital dumped their shares and filed a 13G/A.
Carebourn and Auctus next but the A/S will have to be increased.
IG
Thanks Duck appreciate it very much. Let's us other traders understand the action little more. Grow up and live 714 so thanks for looking out
Wow man. Thanks. That was over half the volume and explains it all. I wish everyone here would be up front and tell it like it is. That would help us (the little guys) have at least a little edge against the mm's. The problem here is, everyone is playing against each other instead of playing against the mm's and they will win every time. Thanks again.
You ruined his $2 close! This board is quite the bore. The NGEN management is not into putting out PR's. I learned that a while ago. Hope they start soon so Nica can hit his $2
I sold out 22,000 shares. i cleared out most the 1.40 cleared out the 1.38 and the 1.33 to 1.30 and then jumped on the 1.26 about 3000 shares. Hope that helps explain todays trading a little Nica
Offshore weird trading today. Felt like the same shares moving back and forth. Hope we get a update soon.
Just curious why the dilution hasn't hit us as several posters stated?
Where are the shares at $.20 that others mentioned?
Many posters shared their thought on doom and gloom, what's up now?
Everyone waiting for clarity from the company?
The insiders can gift themselves shares at anytime.
They didn't start converting the Series X shares until after the reverse split.
IG
Current O/S = 35.7 million
Current Convertible Notes Payable = $6.4 million
Further Dilution at say $0.7/share = 6.4/0.7 = 9.1 million shares
Total O/S after all notes paid off = 35.7 + 9.1 = 44.8 million shares
Market Cap after notes paid off at current price = 44.8 million x $1.52 = 68.1 million $
Net Income (excluding "change in fair value of derivatives") from last 10Q (Sept. 30, 2019) = 2.75 million $ per 3 months or about 11.0 million$/yr
Last 12 months P/E = 11 million $ / 44.8 million shares = 0.25$/share
At P/E of 10 the stock is worth 2.5$/share...
Ay P/E of 30 the stock is worth 7.5$/share...
9mins,59secs into "MindGamers" on Netflix. Is the keyboard device in this scene possibly a product from NGEN?
I'm hoping since Management is now holding common shares their efforts may change to pumping the price instead of holding it back. But who really knows with this bunch. I'm in deep enough now I'm gonna gamble and ride it out for awhile.
The longer they wait, the bigger that nudge should be.
We just need a little nudge
There will be PR'S and tweets before the 4th quarter,fiscal year filings.
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