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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.
This is the same management that killed the previous run with an RS news release that wasn't happening for months. They like to surprise.
Thanks Offshore. Personally its hard to believe this ticker/company would waste this golden opportunity to sky rocket there stock/company market price just to dilute shares SMH. Great things are coming you can just feel it and obviously a 3 yr can see the stair steps off the 200dma on the chart LMAO.
$3close tomorrow would set up a amazing FOMO type move next week. RSI is low and plenty of room to run.
Nice little jump today...I thinknit was more manipulation then people suddenly waking up to LIBED.
You won’t be getting revenue news until March. Gonna be a waiting period.... buckle down
Love some revenue news after close tomorrow and let it simmer over the weekend!! Monday would just be nasty good! Lol
8k
items 3.02
second paragraph
last 2 sentences
company took measures to make sure to the stock was restricted
This is from Det Thorn Post!
Setting up for buyout or big(ger) dilution conversions
Last night, LIBED's former CEO wrote a cryptic post that, IMO, implied that the reason for the Series X conversion was that NGEN/LIBED was going to be acquired.
While that is a possibility, considering his history as LIBE's CEO, it should be viewed skeptically.
One other possible reason for the Series X conversion and this subsequent pump is that the convertible debt holders can now convert many more shares per day than they could before the conversion.
When there were only 1.86M outstanding shares, they could only convert 93K shares/day without hiting Reg 144 limitations. With 35.7M outstanding shares, that limit rises to approximately 1.78M shares per day.
With some kind of news and the higher price, they might be able to dump 1M-2M shares over a period of a couple of days at a conversion price of say, $0.70, which would reduce the convertible debt by $700K - $1.4M.
Can you post Thorns comments I cant find them? Thanks
You know the real Penny Runner kick ass on Fridays and get all the attention over the wkend. This is setting up perfect for a great 2-5week runner.
Yes sir!!! Those 60, 70, 80 cents shares look very cheap.
Maybe, maybe not. I guess it doesn't matter if it runs 70%. And one thing is certain......I know as much about what happens tomorrow as you do. She might keep on cruising or maybe not. What do you want to happen? Bryan Conway was pure evil. The total dirt on the floor. I have my doubts about the new CEO's, but like I said, it doesn't matter. It's all about how much it runs. Somebody will make money here if they flip it right. Apparently you want it to go down. GL
Who cares about any manipulation. Just ride the wave and make money.
Invest is a bad word in the OTC world.
Where's the pump? I don't see any news out.
I love green days!!
investors in NGEN have been continually LIBED to.
The selloff happened the day the LIBE R/S was announced on the FINRA Daily List. It dipped to .0002 (.40 post-split adjusted).
I moved funds and was ready to scoop up the .0003's (.60), but it bounced too fast and closed at .0006. I missed out on an easy double in one week.
There's CDEL again with a crazy bid. 1.3900000000001. WTF is that
Let me read what he posted been busy all day but loving the green in my account.
I agree, I'll take the trade off of more conversions allowed at a higher pps with less overall dilution.
If a buyout did occur what would that mean for common share holders???
Funny, I thought under $10 / share is cheap, maybe even $20!
I like Thorn's comment about the acquisition possibility!
Makes sense why they would convert all their shares at once instead of doing it slowly over time!
Dont waste you typing figures everyone here is accumulating or holding. The noise is just that noise. This is mega runner any shares below 3bucks are cheap
Unless some good news pushed the share price higher and then it would take even less shares to wipe out the debt. We're all gambling here....not investing.
Would only work for a couple of days
News might drive sufficient volume to make a significant dent in the debt for a couple of days, but then the debt holders would have to increasingly sell into the bid, which would drive the price down and increase the number of shares needed to be sold for each dollar of debt reduction.
If 2M shares equal 1.4M debt reduction, then about 8.5M shares will wipe out convertible debt if my figures are correct. Not bad.
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