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Watching the PPS the past month, CLEARLY most of the market does not trust the claimed revenues.
It must be PROVEN via future audited quarterly reports to gain the confidence of current and potential future investors.
I'm still holding 3.5 million shares, and have reclaimed my buy in plus profit on top. I have zero risk and will "likely" hold through the RS. "Maybe". Maybe not.
Pretty small potatoes at his PPS range.
The planned RS is 2,000 to one. Just cancel it and the stock will run a bit. Then prove revenues via quarter reports and RS later on.
.0003????
.0003 * 2,000 RS = .60 post RS. Worthless RS. Cancel the RS and this may recover.
Cancel the RS until after 2 quarters of financial prove the revenue is real.
Working fine once again: https://www.innd.com/
And these are still good:
https://hearingbenefit.com/
https://www.innerscopehearinghealth.com/
https://ir.innd.com/
Investors who averaged down over the past years do not have a .0001 average.
Only a very few investors ENTERED this stock at 0.0001, and thus have a 0.0001 AVERAGE pps.
That totally ignores the high probability of gold and diamond recovery
Do you have a link to that information?
On or about 9 December
When is the effective date on the reverse split again?
I also contacted the company (via their web page), with no response back yet.
The AS will be 3 billion shares according to what they revealed to you.
Here is the response from NGen regarding our issue. 20 minutes old :)
"As disclosed in our most recent Def14C filing with the SEC. Yes we did reduce from 6 billion to 3 billion and at this time we have made available only 35.3 million for future issuance, we may authorize to release more if we need additional shares and we can go up to 3 billion.
Thank you"
It's not going under. But the AS increase of 15 times announcement is causing a massive drop in PPS. Might go on for a while until the next quarterly report.
Quarterly financial reports will be the key to see if it will every recover back to pennies.
Just checked it out. The security certificate did expire on that one website. I bypassed the certificate and the website is still operational.
The certificates for these 3 are still fine:
https://hearingbenefit.com/
https://www.innerscopehearinghealth.com/
https://ir.innd.com/
I think the security certificate on one of 4 company website expiring is not a complete and total crisis.
https://hearingbenefit.com/
https://www.innerscopehearinghealth.com/
https://ir.innd.com/
All 3 websites seem to be fine.
I am not pleased with such a massive increase in AS. However, the website(s) seem to be up and running.
Read what the SEC filings actually say.
At current PPS this will STILL be a penny stock with a 2,000 to one RS. It has not even been able to hold .0005.
**IF** it is can still maintain .0004 immediately before RS we will see .80 cents. Still a penny stock.
No company worth its salt wants to remain a penny stock
Here is what I think the CEO should do:
1. Cancel the RS and cancel the AS change
2. Get the name and symbol change done
3. Prove to investors through quarterly filings that the stock is worthwhile.
AFTER THAT, they could address a RS if still needed.
If they do the above, the stock would run immediately after canceling the RS.
Any input? - your insight is always appreciated
I bought some at .0032 and I have now doubled my position.
Wow!! That's a lot of shares!
I have now over a million shares
And yet that is EXACTLY what will happen. This stock will not run with a RS pending around 9 December.
There is no benefit to allow this R/S to move forward at 2000 to one IF the price remains at triple zero IMHO
If the idiot CEO had not announced a RS, then the stock would have CONTINUED to run.
The CEO is the one who killed the PPS.
Now the fool can't even communicate what the AS will be without screwing it up.
No better than Conway was as CEO.
Expecting a run immediately before a known RS is unusual.
The 8 ball must be defective. Maybe reading tea leaves or tossed chicken bones would be more effective?
No idea what PPS will be on that date.
I go by actual real world events like SEC filings and end of day PPS, not wishes, hopes, dreams, or rumors.
I have no crystal ball to see into the future.
Here is how it will go.
1. RS of 2,000 to one.
2. AFTER the RS, then AS reduction from 6 billion to 3 billion.
Just as the CEO filed with the SEC.
Time for a new CEO who can communicate clearly.
This one EARNS distrust with his ridiculous conflicting statements
Why would this CEO put out multiple SEC filings that the AS will reduce from 6 billion to 3 billion if he does not intend to do so?
Defies all logic
The CEO is the one who has filed multiple SEC filings that the AS will be 3 billion. His numbers, not mine.
3,000,000,000 shares will be the new AS. Currently the AS is 6,000,000,000.
https://ngen-tech.com/wp-content/uploads/2019/11/LIBERATED-SOLUTIONS-INC-DEF-14C-Typeset-Version-1.pdf
https://ih.advfn.com/stock-market/USOTC/liberated-energy-inc-LIBE/stock-news/80875762/proxy-statement-other-information-preliminary-pr
Too many zeros on the 3
https://ngen-tech.com/investor-relations/
https://ngen-tech.com/wp-content/uploads/2019/11/LIBERATED-SOLUTIONS-INC-DEF-14C-Typeset-Version-1.pdf
Amend the Company’s articles of incorporation, as amended (the “Articles”), to change our corporate name from Liberated Solutions, Inc. to Ngen Technologies Holdings Corp. (the “Name Change”);
Amend our Articles to effect a reverse stock split of the outstanding shares of Common Stock, by a ratio of one-for-two thousand (1-for-2,000), with any fractional shares being rounded up to the next higher whole share (the “Reverse Stock Split”); and
Immediately after the Reverse Stock Split is effective, amend our Articles to decrease the number of authorized shares of Common Stock from 6,000,000,000 to 3,000,000,000 (the “Authorized Share Decrease” and collectively with the Name Change and the Reverse Stock Split, the “Corporate Actions”).
And on page 9:
REDUCTION IN AUTHORIZED SHARES OF COMMON STOCK
Our Board and the holders of the majority voting power of our issued and outstanding capital stock have approved an amendment to the Articles to reduce the number of authorized shares of our Common Stock from 6,000,000,000 to 3,000,000,000 to reduce possible dilution that could occur to the value of the Common Stock in the future by lowering the number of additional shares of Common Stock that can be issued in the future from authorized shares. As of the Record Date, the Company has 3,715,167,277 shares of Common Stock issued and outstanding.
Upon the filing of the amendment to the Articles, the Company will have approximately 35,397,217 shares of Common Stock authorized and available for future issuances. Notwithstanding the foregoing, the Company may seek an increase in authorized shares of Common Stock as and when considered appropriate by the Board. The form of the proposed amendment to our Articles necessary to effect the Authorized Share Reduction is attached hereto as Appendix A.
Also on page 9:
In addition, the Company intends to amend its Articles in order to effect the Authorized Share Decrease. The amendment to effect the Authorized Share Decrease would amend the Articles to decrease the number of authorized shares of Common Stock from 6,000,000,000 to 3,000,000,000. See Appendix A for the text of the Authorized Share Decrease Amendment.
Appendix A:
C. Decrease in Authorized Capital Stock. Immediately after the Reverse Stock Split is effective, the number of authorized shares of common stock of the Corporation shall be decreased from 6,000,000,000 to 3,000,000,000.
"We expect the Corporate Actions to be effective on or about December 9, 2019 (the “Effective Date”). "
-------
https://ih.advfn.com/stock-market/USOTC/liberated-energy-inc-LIBE/stock-news/80875762/proxy-statement-other-information-preliminary-pr
Immediately after the Reverse Stock Split is effective, amend our Articles to decrease the number of authorized shares of Common Stock from 6,000,000,000 to 3,000,000,000 (the “Authorized Share Decrease” and collectively with the Name Change and the Reverse Stock Split, the “Corporate Actions”).
Maybe its the reader that can't comprehend financial issues ?
Indeed. The incompetent CEO puts out conflicting massively different AS more than once??
What competent CEO would do that??????
The AS will be 3 billion shares. Who knows what the fool means with the 35 million shares number the idiot repeats more than once.
And THEN to not clarify and fix his stupid mistake????
Not just incompetence but likely malfeasance. Not much different than false claims the RS was cancelled.
Quite disgusting. And these kinds of self inflicted wounds continues the distrust of the company.
Investors had hopes when ex CEO Conway stepped down we would get better management. Apparently NOT.
I sure hope the idiot clarifies this SOON.
All SEC filings clearly state the AS will be 3 billion shares.
Is the CEO filing false SEC filings??? Will the company be suspended if he is lying in filings?
Not correct. The incompetent CEO had in the document 3 billion 4 times, and 35 million once.
Complete and total incompetence by management to CONTINUE to muddy the waters.
Incredible that management CONTINUES to erode confidence in this company due to such incompetent mixed message foolishness.
And we all thought new management would be better than ex CEO Conway.....
AND N ALL FOUR TIMES THE 35 MILLION IS PUBLISHED :)
FOUR TIMES in the attached link the company reveals the AS will reduce from 6 billion to 3 billion.
Believe the company documents, not rumors.
https://ngen-tech.com/wp-content/uploads/2019/11/LIBERATED-SOLUTIONS-INC-DEF-14C-Typeset-Version-1.pdf
https://ngen-tech.com/investor-relations/
The Authorized shares (AS) will be 3 billion shares.
https://ngen-tech.com/wp-content/uploads/2019/11/LIBERATED-SOLUTIONS-INC-DEF-14C-Typeset-Version-1.pdf
Amend the Company’s articles of incorporation, as amended (the “Articles”), to change our corporate name from Liberated Solutions, Inc. to Ngen Technologies Holdings Corp. (the “Name Change”);
Amend our Articles to effect a reverse stock split of the outstanding shares of Common Stock, by a ratio of one-for-two thousand (1-for-2,000), with any fractional shares being rounded up to the next higher whole share (the “Reverse Stock Split”); and
Immediately after the Reverse Stock Split is effective, amend our Articles to decrease the number of authorized shares of Common Stock from 6,000,000,000 to 3,000,000,000 (the “Authorized Share Decrease” and collectively with the Name Change and the Reverse Stock Split, the “Corporate Actions”).
And on page 9:
REDUCTION IN AUTHORIZED SHARES OF COMMON STOCK
Our Board and the holders of the majority voting power of our issued and outstanding capital stock have approved an amendment to the Articles to reduce the number of authorized shares of our Common Stock from 6,000,000,000 to 3,000,000,000 to reduce possible dilution that could occur to the value of the Common Stock in the future by lowering the number of additional shares of Common Stock that can be issued in the future from authorized shares. As of the Record Date, the Company has 3,715,167,277 shares of Common Stock issued and outstanding.
Also on page 9:
In addition, the Company intends to amend its Articles in order to effect the Authorized Share Decrease. The amendment to effect the Authorized Share Decrease would amend the Articles to decrease the number of authorized shares of Common Stock from 6,000,000,000 to 3,000,000,000. See Appendix A for the text of the Authorized Share Decrease Amendment.
Appendix A:
C. Decrease in Authorized Capital Stock. Immediately after the Reverse Stock Split is effective, the number of authorized shares of common stock of the Corporation shall be decreased from 6,000,000,000 to 3,000,000,000.
"We expect the Corporate Actions to be effective on or about December 9, 2019 (the “Effective Date”). "
The AS will be 3 billion. All seasoned investors know this
The Authorized shares (AS) will be 3 billion shares.
https://ngen-tech.com/investor-relations/
https://ngen-tech.com/wp-content/uploads/2019/11/LIBERATED-SOLUTIONS-INC-DEF-14C-Typeset-Version-1.pdf
Amend the Company’s articles of incorporation, as amended (the “Articles”), to change our corporate name from Liberated Solutions, Inc. to Ngen Technologies Holdings Corp. (the “Name Change”);
Amend our Articles to effect a reverse stock split of the outstanding shares of Common Stock, by a ratio of one-for-two thousand (1-for-2,000), with any fractional shares being rounded up to the next higher whole share (the “Reverse Stock Split”); and
Immediately after the Reverse Stock Split is effective, amend our Articles to decrease the number of authorized shares of Common Stock from 6,000,000,000 to 3,000,000,000 (the “Authorized Share Decrease” and collectively with the Name Change and the Reverse Stock Split, the “Corporate Actions”).
And on page 9:
REDUCTION IN AUTHORIZED SHARES OF COMMON STOCK
Our Board and the holders of the majority voting power of our issued and outstanding capital stock have approved an amendment to the Articles to reduce the number of authorized shares of our Common Stock from 6,000,000,000 to 3,000,000,000 to reduce possible dilution that could occur to the value of the Common Stock in the future by lowering the number of additional shares of Common Stock that can be issued in the future from authorized shares. As of the Record Date, the Company has 3,715,167,277 shares of Common Stock issued and outstanding.
Upon the filing of the amendment to the Articles, the Company will have approximately 35,397,217 shares of Common Stock authorized and available for future issuances. Notwithstanding the foregoing, the Company may seek an increase in authorized shares of Common Stock as and when considered appropriate by the Board. The form of the proposed amendment to our Articles necessary to effect the Authorized Share Reduction is attached hereto as Appendix A.
Also on page 9:
In addition, the Company intends to amend its Articles in order to effect the Authorized Share Decrease. The amendment to effect the Authorized Share Decrease would amend the Articles to decrease the number of authorized shares of Common Stock from 6,000,000,000 to 3,000,000,000. See Appendix A for the text of the Authorized Share Decrease Amendment.
(so once again the IDIOT CEO tosses 2 numbers out to confuse novice investors. What a freak show!!)
Appendix A:
C. Decrease in Authorized Capital Stock. Immediately after the Reverse Stock Split is effective, the number of authorized shares of common stock of the Corporation shall be decreased from 6,000,000,000 to 3,000,000,000.
"We expect the Corporate Actions to be effective on or about December 9, 2019 (the “Effective Date”). "
Poncho wear is common in rain in humid climates.
I wore a poncho more often than other rain gear on active military duty. Better air flow in humid conditions.
Some city dwellers think no one works in the rain.
Meanwhile hundreds of millions of workers around the globe work in all kinds of weather conditions.
I know I did before retirement, as did my father.
Not just my concerns. Read the the posts on this board.
My bet is he will do NOTHING to fix HIS error.
It is not up to me to tell others whether to buy, sell, or hold.
And certainly not by using false claims on the coming AS being smaller than the latest filing, nor with false claims the RS is cancelled.
Latest filing says AS will be 3 billion shares. Latest filling says RS will occur at 2,000 to one.
Buy, sell, hold. Each investor must make their own decisions.
The CEO could fix HIS conflicting numbers if he chose to. Either he is clueless as to what he did, or he simply does not care he screwed up and refuses to fix it.
My DD will not cause either buying or selling of this stock. "IMHO"
And I refuse to lie and claim that the AS will not be 3 billion to try and get others to buy with false claims of a much smaller AS.
If this new CEO had ANY integrity he would fix his stupid mistake of conflicting numbers.
It disgusts me he created this problem to begin with, then wont fix it
My opinion is the CEO screwed the pooch with two massively different numbers, and proved he is too pig headed or even completely ignorant of his own mistake to fix his stupid error.
And this kind of malfeasance adds to the mistrust of the company.
The PPS is stuck because management killed the first run with putting out the RS while the stock was running.
And NOW they confuse novice investors with conflicting numbers. Pure stupidity.