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Just as an FYI from a highly accredited corporate accountant that I know, if the SEC filings are fraudulent there will be some serious jail time for the filers to serve at this point!
I hope they made enough on the scam for it to have been worth it!
I just don't see it right now! Ask me next January and maybe I'll have changed my mind!
Conway made a post a month ago or so asking "Has anyone figured it out yet", under the handle "Winter". I asked and he said that it was his post!
I asked him about it and he mentioned something about all the orders but was kind of vague!
He said he was not happy with the deal he ended up with when NGEN bought him out. He thought he should have gotten more (don't we all). Not sure about the details about when, why, where, how!
He said he hasn't even talked to the NGEN people for quite some time now and didn't have any groundbreaking information that he would divulge!
All in all I would say he was very pleasant and a little surprised I would be calling!
I have also talked to Ed Carter on several occasions. I specifically asked him if this (NGEN) was a big scam and his answer was: "If this was a big scam, would I have invested $500K of my own money on the accounting/accountants for all of this?"
IMHO, If the numbers and orders are real this could turn into a $1B company in no time at all!
If not the SEC will be handling the fallout! Good luck to all!
Brian Conway
Started New Job at The Waypoint Refinery, LLC
September 6, 2019 — Chief Executive Officer
Warwick, New York
On Print, On Air, Online Investor Relations to enhance trading performance
I actually called him and talked to him about NGEN about a month ago!
Interesting conversation!
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!
Thanks, I was wondering about that!
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.
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?
Best guess, what do you think is going on here?
Lots of confusing information!
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.
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?
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.
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!
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!
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!
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!
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!
Interesting, Ed Carter has been nothing but genuine and helpful the last few times we have spoken!
I will be speaking to him again later this week and will include an update at that time.
No way they would have put in the time and expense to do the reverse split if there wasn't something bigger going on!
I'll wait it out and buy the dips like today!
Why Sellers will get burned very soon!
10q document is a legal document. Filers will go to prison if it is fraudulent. Any accountant will tell you that.
Huge increase in revenue for this company. They have or will have money to pay back debt with no problem!
Three Months Ended September 30,
Nine Months Ended
September 30,
2019 2018 2019 2018
(Restated) (Restated) (Restated) (Restated)
Revenues $ 51,645,437 $ 5,389,882 $ 144,338,267 $ 15,014,672
Cost of goods sold (47,850,180 ) (4,804,695 ) (134,295,726 ) (12,312,031 )
Gross margin 3,795,257 585,187 10,042,541 2,702,641
Revenue increased to $144,338,267 for the first 3 quarters of 2019!
Where did the money come from?
I guess it's all fake and we're about to take a big dump bath!
If not, $200M in revenue (including $50M order) used to reduced debt / no debt and a bunch of preferred shares that may be traded for common stock in the future (like every other company out there).
If I had a bunch of preferred shares I would wait until the stock is sky high not in the toilet before I sold.
I agree with you 100%!
This thing is ready to go sky high with any news at all!
Next week should be interesting, to say the least!
Either way, we would still see an increase in the number of shares!
I'll be watching for that next week!
There are no new shares being added!
1,850,000 is where it's at! If this number changes you might have something.
If an investor is trying to recoup $1M they would need to add 1-million shares and sell them for a dollar.
If I were an investor I would wait for the stock to increase not decrease before I sold!
Let's wait and see what happens! I'm a buyer when my account opens back up for trading!
Still not sure why some can trade and some cannot!
Here is my perspective!
Stock closed @ $.0006 so tomorrow should open @ $1.20 / share.
Currently, there are about 3,700,000,000 shares in play so tomorrow there will be roughly 1,850,000 shares available.
If any of the noteholders have any authorized shares to sell that would increase the total number of shares available to more than 1,850,000 shares in effect diluting the value of the current shareholders!
Why would the noteholders want to devalue a company they invested in? Isn't the goal for them to cash in and make piles of money when the company is actually worth something? Of course!
Hopefully, someone tries to crash it again tomorrow and opens up an amazing buying opportunity for us again!
Keep thinking that so I can buy more at a lower price!
Actually both are correct. I will call him back if no news in a week or 10 days but he did say I was welcome to call him back as well.
It was a pleasant conversation and I feel that they are working diligently to get the company transformation complete. At no time during the conversation did I get any feeling that he was misleading me, but more frustrated that the transformation is not complete.
Anyone who has ever been involved with the old LIBE knows what a train wreck that turned out to be. Plenty of info out there on that subject!
IMHO If this is a scam, Ed Carter would be in a foreign land basking in his wealth from the pump and dump not answering my questions.
Between the muffler business and the 3D tech, this stock is a once in a lifetime opportunity for the few people who even know about it.
I'm long on NGEN/LIBE for now and will post any updates I get from the company.
Ed Carter told me to call him back in a week or so for an update.
I believe that they have some good news to release as soon as the R/S, name and symbol change are complete.
IMHO if he told me a week, then something must be in the works prior to that.
Ed Carter also informed me that when everything was finalized they will be posting news and information.
Hopefully, that will be happening sooner than later!
I will call him again in a week or two if there is no information
I got the impression that the launch of the 3D tech and the name change/stock split are somehow intertwined!
I just got off the phone with Ed Carter from NGEN / LIBE!
I asked him quite a few questions about what is going on with the stock split/name change etc. and everything seems to be moving in a positive direction.
The issues/delays with the reverse split stem from the shakey foundation and past issues with LIBE. Ed seems to be very confident that these issues will be resolved in the not too distant future.
I also mentioned that various individuals seem to think that the LIBE, NGEN, 3D TV, muffler conglomerate is a giant scam to dupe investors.
His answer was that "if it's a big scam, I have just wasted over $300K of my own money on auditors and accountants". He also mentioned that he's been working on this project for over 5 years.
After this conversation, I feel very confident with my investment in this company and will likely purchase more shares if funds allow!
IMHO If the "Toxic" loan is only $1M I believe it's a moot point!
No way they leave this loan on the books when they get their $50M payment.
Time will tell at this point. Not many shares selling below $.0005.
Do a search on Amazon for 3D TV. Look on the left-hand side. Options are
Active, Passive and No Glasses but No glasses is grayed out!
Hummmmm! Possibly getting ready for something???
All of this is interesting speculation but the fact remains that NGEN will do approximately $200M in revenue this year. Hopefully, they will use some of that money to pay back the debt.
When all is said and done this company should be worth in the $100's of millions not the $2M range!
I am long on NGEN and will still purchase the lows!
Good luck to the believers! I think you've made a good decision!
Today's price ended @ $.0004.
$.0004 X 2000 = $.80 / share
Am I missing something?
What if the $50M order is real?
IMHO this stock is ready to explode. A $200M in revenue/year company that is already profitable! What an amazing find. They are currently trading at a market value of approximately $1.5M. Even with the full dilution of 35M shares (if none of the debt is just paid back) this is still an amazing find!
Please show me more companies that are like this one!
I'm not sure what you're accomplishing with your continual beatdown of this stock. It seems that $.0003 is as low as it will go! I've been trying to buy more at that level for a week and a half with no success. Must mean someone has a fairly large buy order in for the shares at that price. $.0004 can be had as of right now but when the news finally hits that NGEN is real, the $50M order is real and that It's the real Samsung that's making the TVs you will have nothing more to beat down!
I will be purchasing many more shares prior to the 9th of December because any news of the delivery of the $50M order could spark some major interest in this little company!
Good Luck!
Search 3D TV on Amazon and look at the checkboxes on the left.
Hummm! Glasses-free option seems to be grayed out for the moment.
Interesting to say the least. Hope NGEN is involved with the technology
that will make that box live in the near future!
I guess Amazon is ready for the glasses-free 3D TV!
If the 3B A/S shares are still in play for the future, is this a normal amount?
Why 3B?
I know the company is legitimate so I'm not worried about this being a dilution play pump and dump, I'm just curious why 3B?
Here is my take on the A/S shares:
After rereading all of the information available here's my take!
Approximately:
3.7B shares / 2000 = 1,850,000 common shares
3B available for future use / 2000 = 1,500,000 future common shares
Total common shares available will be about 35M if all warrants/notes are traded for common shares.
35,000,000 Total shares of common stock available after all conversions!
<1,850.000> Existing A/S
<1,500,000> Future A/S
-----------
31,650,000 total shares of common stock available for debters!
Not to say additional shares couldn't be approved in the future but 35M total doesn't seem bad for a company with the potential of NGEN!
I think their presentation of the 6B to 3B is very confusing, but that's my interpretation. The conversion of the debt is also confusing!
All good thoughts if you think this is a total scam!
I for one believe that the technology is real,
the real Samsung is the buyer of the technology,
the revenue numbers are real and the current orders are real.
My only real concern is future dilution, but I feel that everyone involved in this company would like to see the after split price go as high as possible.
According to an earlier post, we will all know the answer to whether this is a giant scam by early January at the latest!