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They're not accumulating when they get shares at a discount thru conversions
The other 50 pct owners have no such restrictions I believe
Sure did. Another RS and crazy upcoming dilution. Sound familiar?
I'm still watching from time to time. I popped on to see if anyone figured it out yet...
Offshore these folks now they cant dilute the stock right now. I'm sure they have been loading last 3weeks. Accumulation is increasing daily.
News on the Horizon!!!
The 10-K isn't a real audit - it is called a review or compilation and the company is responsible for providing accurate and truthful information.
And the history of Carter and Rhee clearly show they are serial scammers and shouldn't be trusted to provide truthful information.
Unless your accountant friend can look at the contracts and verify them - he is using information created and provided by Carter and Rhee.
IG
They cannot sell there share at this point!
From the 8K 1-15-2010
Carter and Rhee are accredited investors, Messrs. Carter and Rhee acquired the securities for investment and not resale, and the Company took appropriate measures to restrict the transfer of the securities.
They are restricted!
No dilution anytime soon!
Funny how Winters was here a couple days before that news drop talking about the value here. Dejavu methinks lol
Awesome now comes the Pump!!! Looks like these notes are the CEO's and Clifford Rhee shares. Can't wait for them to pump there own company stock. Should be a amazing run..
New 35.7M OS equivalent to 71.4B pre-reverse shares
For those of you keeping score at home, NGEN/LIBED's new 35.7M OS is the equivalent of 71.4B pre-RS shares.
I've plugged the new OS into the spreadsheet that I use to make the share chart in the Intro, and it's pretty damn hilarious. I don't have time to update the iBox today, but will do so tomorrow.
I have shared all the documents for libe/NGEN with an accredited accountant!
The 10q is real or the people who filed it may go to prison for falsifying that particular document!
Not my words but his!
You are obviously a very skilled OTC player, in this case I'm betting your wrong!
Good luck to all!
Look, anyone who trades otc knows (textbook) never to hold into an RS. unless it is for uplist prep for nas/dow, that is the sole exception. so a warning about selling? already should have known that like gospel.
most never look at the REASON driving the RS. it is always finance based- to cover existing notes outstanding and to create new dilutive lending opportunities. this is business folks- understand business, be on the right side of business events, and you will increase chances of winning in these markets dramatically.
this company is doing business, sure, and trying to grow. what steps do you think they need to take to achieve success, if any? OTC is all about raising money in secondary finance markets. period.
Yes, you did Magnum. Noted
I exited prior to RS and warned all at that time .
You must be new to penny stock scams - there are fraudulent information filed with the SEC everyday - most are civil complaints rarely does the Justice Department get involved.
Most fraudulent filings on the OTCM are never acted on - the SEC depends on those that do real DD to file a detailed report before taking action.
IG
Darn Nica! They converted not even a week after the split. And that's not even the NOTE HOLDERS who hold millions of shares that can be converted. SMH
Any thoughts on the Series X preferred shares being converted this soon - shareholders have been played once again.
Any defense of Carter and Rhee?
IG
So the $144M in revenue for the first 3 quarters of 2019 is not real?
The 10q is a legal document, falsifying information would result in a lengthy prison term!
Spending $ on getting the reverse stock split done for a scam?
Why bother?
I would expect news on the $50M order should be coming our way any day now.
Good luck to all!
I agree, I didn't expect the Series X shares to be converted this quickly. And that is the answer as to why the A/S was only decreased to 3 Billion.
old news... 2 year hold for insiders..
Wow. I wasn't expecting Series-X conversion this soon
From the 8-K filed with the SEC about 15 minutes ago:
They just issued themselves 35m shares lol
So the $144M in revenue for the first 3 quarters of 2019 is not real?
The 10q is a legal document, falsifying information would result in a lengthy prison term!
Spending $ on getting the reverse stock split done for a scam?
Why bother?
I would expect news on the $50M order should be coming our way any day now.
Good luck to all!
If you held through the split you aren't making money.
IG
Read the history of Carter and Rhee - look at the GRAS disaster they created.
Then they moved to a another scam - LIBE.
Shareholders have endured losses believing the LIBE hype but the NGen hype is hilarious.
IG
When is this POS scam going back to trips? It's the CON-way!!!!!
It’s all yours buddy. I’m making $$ on stocks with volume
Serial scammers like Carter, Rhee and Conway don't have any problems filing fraudulent financials.
You also need to verify the information - and I guarantee that no one has verified the contracts because they don't exist
IG
NGen lied about a $50 million order for glasses free 3D TVs - there hasn't been $50 million in glasses free 3D TVs manufactured (ever).
The NGen pumping is for the benefit of the toxic lenders not the shareholders.
Glasses free 3D TVs require a 8k stream and at the present time very little 4k content is being streamed.
Of course NGen didn't attend CES 2020 - it is a 2 person operation - they are a press release company - look at the history of NGen and GRAS.
LIBE/NGen is and always has been a share selling scheme.
IG
Everything thing Carter and Rhee do is about helping Carebourn and Auctus to dump their shares.
IG
On the 1hour chart we finally closed above the 20dma. We tested and broke above the 200 and 50dma today. We getting super close a break out. News will send this to 4bucks with a pullback setting up Cup n Handle break out.
The only problem with that given scenario is the fact that more this company NGEN makes in gross revenues the higher the loses are.
I guess tomorrow we see the dump....
Ooops....not quite
Look at that bid disappear
Wow look at that the ask just disappeared. Clear sailing to. 90cent close
Doesn’t look like it today
Rush hour coming up. Close 1.00 or better. IMHO....
I’ve been burned enough times to get out while I’m ahead. Luckily I got in early
Exactly it was a rush for sure. I was on the phone getting opinions on exit strategy and really thought I was gonna make over $250k that day.I was tied up at work my addrenalin pumping and by the time I logged back into my trader app it was at.0009!
Of course now I'm sick with my horrible timing and hoped for a slow rebound and the next day pretty much erased the rest.
So you and I are the two opposite outcomes of the same scenario. Once again congrats, I hate you.LMAO
Yesterday's volume was higher.
Maybe they're waiting for .10-.20 like me.
"Spike in volume".....lololol...
Maybe why the spike in vol today. Also the selling...
I just checked E*TRADE. They now allow buying and selling online. No need to call in orders anymore.
Why aren’t they buying?
I thought partners like Samsung3D LLC lol.
I'm concurring with your reasoning Magnum. I held on to a few shares and rode them through the split but got someone to buy them at $1.00! lol Bought them at .0001 which is .20 post RS. thanks guys!
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