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I hope it's Nasdaq! If you dig back through the filings and PR's, they laid out the roadmap of what they wanted to do and it looks like they are just quietly going about their business and doing it without the OTC fanfare and BS. By word and action, they are clearly not OTC mentality - they want institutional investors, etc. I'm just going to sit on this one...could be that home run.
I think its going Nasdaq soon as is less then 6months IMO..
Many thanks, kinda confusing
It's an iHub error. They also couldn't pull in the right quote and intraday chart. I'll report it.
NGRP is also a fund trading on Euronext
The Natixis Global Risk Parity fund trades on Euronext under the symbol NGRP.
It appears that when NGen's symbol changed today, the ADVFN website that runs iHub simply picked up the symbol and the name.
https://uk.advfn.com/stock-market/EURONEXT/NGRP/share-price-history
Someone at ADVFN will have to make a correction to connect NGRP to the US OTC.
Maybe it's a banner ad....I don't see it. Either way, I don't think the owners of NGEN went public to stay in the OTC. They are being very quiet and just going about their business. They also said that uplisting to a higher exchange was in their play book. That could be QX or QB? Who knows....
Says it above , next to NGRP.... strange
Did you post that on the wrong board? Is there a connection to NGRP?
Earnings announcement
What's significant about March 31? 10-K filing?
LIBE changed to NGRP:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Love it! fresh handle!!!
lost the LIBE baggage for all new prospects...... Now some overdue PR and put this reverse split in action.
1 month away from March31, might as well wait.
I hope there is other stuff cooking in the background yet to be announced!
Sorry LIBE To NGRP name change tomorrow!
LIBE To NGEN Ticker tomorrow!
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Humm, a lot of time and effort to get this thing going to where it is now if something big isn't happening!
So true....along with the back and forth on every filing.
When they converted their preferred shares so quickly, and then LG Capital converted...it got my attention. I’m hoping something big is brewing below the surface.
Glad this board quieted down. The back and forth arguments on Ngen's patents were getting old.
I Like the fact they did not, proves to me they have much more ambitious goals in mind. Purgatory waiting for an explanation though. Still believe something big coming .
They should have just let this bitch run before they came out and mentioned the RS in a moronic PR.
Hoping for a clue before that, but I am down for the duration wither way.
can only wait till March 31.
This board has gone back to its previous ghost town ways...lol
Thanks, I was wondering about that!
Bloomberg didn't get the message on FY-end change
Before the reverse merger, LIBE's fiscal year ended on Sept 30, so the first quarter of 2020 would have ended on Dec 31, and the 10-Q for 1Q/20 would be due today.
NGen/LIBE's new owners changed the fiscal year end to Dec 31*, and so the next report will be the FY2019 10-K, which is due on March 31.
Bloomberg needs to update its database.
*From the 3Q/19 10-Q filed on 11/7/19:
Bloomberg shows earnings news for today!
https://www.bloomberg.com/markets/earnings-calendar/us
That may be interesting.
Not sure how accurate that is but id does say it's on the schedule!
Reverse split life is kind of boring so far!
Maybe this will spruce it up.
https://www.bloomberg.com/markets/earnings-calendar/us
Says NGEN is reporting earnings today.
I think we lost about half the players here since this has hovered around a buck. Pretty quiet, still waiting on some words one way or the other.
Symbol changes back 21 days after Reverse Split
As part of the standard practice following a reverse split, the "D" was added to the stock symbol for 20 business days to let folks know that there was a recent reverse split.
Trading platforms and stock info boards had to change the symbol so that people could trade and track info.
On Monday, Feb 10, the symbol will revert to LIBE, so things will appear "normal" again for LIBE.
What is the big deal of keeping track of symbol change ? rookie here
Drops "D" on the 10th...not today. Sorry
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
LIBE drops the "D" today.
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
The number comes from the OTCMarkets website
NGen/LIBE is listed at OTCMarkets. Every month, LIBE's Transfer Agent updates the current share structure, and it's shown at the following link:
https://www.otcmarkets.com/stock/libed/security
I use this data to make the share chart that's posted in the iBox intro.
Immediately following the RS, there were 1,857,638 Outstanding shares.
Per the 8-K filed on Jan 15, the conversion of the Series X preferred stock added 33,855,027 shares, for a total OS of 35,712,665.
Subtracting the Jan 15 OS from the current 36,844,009 shows that 1,131,344 shares were added since Jan 15.
They were likely issued for debt conversion, with the shares being immediately sold into the retail market by the holders of the convertible debt.
Where did you get the updated number of shares from?
Did those shares get added to the total # of the O/S or available shares?
Where exactly did the additional shares come from?
Thank you for all your information, I am hanging on to find out what happens here. I’m terminally curious.
OS now 36.84M shares, up 1.13M since RS
LIBE's TA updated the number of NGEN's outstanding shares as of Jan 31. It's now 36,844,009 shares, up 1.13M since the RS and the conversion of the Preferred shares in mid-January.
That looks bad enough, but factoring out the conversion, that 1.13M increased the immediate post-RS OS of 1.86M by about 61%. Obscurring the relative size of the ongoing dilution could have been another reason for the conversion.
Yup, it's either Friday or Monday.
"D" should be removed from symbol on Friday
I believe that Friday, Feb 7 will be the day that the "D" will be removed from NGEN/LIBE's stock symbol.
We should see the announcement on FINRA's Daily List tomorrow.
It's possible that I could be wrong about the "D" coming off on the 20th business day, and the announcement will come Friday, with the symbol changing on Monday, which is the 21st day.
Conversions at $0.27 means 36.6K shares reduces $10K
It's highly likely that much of the volume this week was due to debt conversion, and while there is hope that the recent reverse split will hold the number of common shares required to a relatively small number, that's probably not going to be the case.
Nearly all of the convertible notes described in LIBED's filings have conversions based on a 45% - 50% discount to the 3-day average of the low trading price over the past 15 - 20 business days.
We saw a burst of selling yesterday, Jan 30, with a 70K afterhours average trade which was likely a debtholder's broker settling with the client.
Looking only at LG Capital Funding's notes, which use a 45% discount on the 3-day avg of the lows over the past biz 15 days, we've got a conversion price of $0.273 = (($0.40 + $0.55 + $0.54)/3 * 0.55).
That conversion price means that $10K of debt reduction would cost shareholders $10,000/$0.0273, or 36.6K shares.
Damn, since the reverse split those that held are down 40%.
IG
I'm hoping the OS doesn't increase more than 7 or 8M shares by the time all debt converts. I've had a bad history with LIBE under Conway. He really screwed over a lot of good people. I'm just afraid he still has his slimy fingers in here somehow. GL
u probably got more time into it than i do- not playing this one now- too many others more equitable in play as far as my methods go. but i always have this one on watch, famous ticker here for the poo-poo runs. GL and hope you scalp it.
IMO it will pressure downward due to oversupply of converted shares. that does not mean there will not be good swing ranges along the way and a very good opp once it bangs bottom.
Over $100,000 in volume in first hour of trading. Price hasn't moved but there is certainly some interest here.
Heading back down to these levels (and possibly lower) was inevitable. NGEN's management is not one to put out a lot of press releases, if at all. Let's see where this stock heads. They still have amazing next generation technology, mufflers that are in all Hyundai cars and great potential. I just think it will be a while and there will be more pps pain. IMHO only...
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