Atty Letter Filed on OTC Markets - Joe Canouse doing everything right this time.

What I-GLOW said is incorrect, as much as I respect his knowledge. Kim’s name was removed from the list of Company Directors on OTC Markets. Luis Cota is the sole CEO listed. You can check for yourself:

https://www.otcmarkets.com/stock/NGCG/profile

I responded in detail last time you asked this. Check the post history.

So you agree it's there. I love progress! :D

Massive shift in value happening. Congrats long term longs. This is going to be a transformative year. We should see a quarter by end of Summer.

With you my man. Haven’t sold a share. I told the whole board last winter at .001 that this is how I do it. Some laughed. Same story every time heheh. Congrats on the OG conviction Red knowing the trade. I think a penny break is in the cards...

This would be a wet dream. $1++ Any sort of EV-related company coming into this shell is a home run beyond imagination. Their battery tech may have sector interest for B2B JVs. And this initial EV vehicle for military use strikes me as very compelling. Obviously any sort of military contract is huge money. Maybe even a fast-track to trading near $1 here.

I think best approach this with a lot of skepticism. It was recently registered in March. There's no way to know if it's not fake DD planted by some penny traders.

From WHOIS record:

Domain:awonglobal.com
Registrar:GoDaddy.com, LLC
Registered On:2021-03-12

Think about this: BYRG is still a percent owner of several Rhodium-rich properties. And all of those properties are now 30x in value.

Think about this: Rhodium is up 29x since last time this company was valued.

Could be some fireworks here soon. Everybody forgot this was a 695M float when it channeled in the .001s for half the year. Once that weight is out and a legitimate story falls, we are in a whole new place here hopefully well above .01.

New Directors added, updates to OTC Markets profile... We must be getting very close! This 695M float is capable of multiple pennies on solid news. Looking froward to seeing what develops.

heheh right there with you....

Based on OTC Markets updates, this is potentially the new CEO of $NGCG. Owner of Wilkes Wine Group and CEO of Elite Beverages.

Luis Cota
https://www.linkedin.com/in/luis-cota-767a3812/

MASSIVE NEWS: New CEO, Directors, and contact info added to OTC Markets profile. Whoever said updates were ready to drop last week was not far off.

That is proof of concrete progress and real activity behind the scenes.

This also endorses our DD that Kim was intentionally waiting 5 years since this is happening 5 years to the month from those comments.

This likely will kick off a long news cycle of catalysts.

Congrats longs - only the beginning here. Dime cometh....

100% agree.

My guess is we are very close now to a shareholder update from Dixon (the next court-ordered action he must take). This SOS filing today showed an increase in AS from 750M to 795M. That seems like bookkeeping and cleanup work to me. If he intended any real dilution, he'd up the AS to 2B or something. So I think we must be very close.

Appreciate the kind word! No idea on timing but every day that passes, is one day closer. Definitely looks like the process is in motion. GLTU!

I love how this is trading. We are close.

Thanks for the correction. What do you think is the purpose of these new restricted shares being issued?

I compared unrestricted on OTC Markets and it has not changed. Only the restricted shares has changed. Both TA-verified. But you think those numbers are immaterial and we will have to wait for an updated Q for share structure?

Many thx

Thank you for this informative reply, I-Glow.

I hope the best for Kim too. I have a feeling if he wins, we all win here.

Help me understand here. Isn’t the existence of those short positions the proof that there are traders who decided it was a worthwhile trade? Those traders negotiated down the margin requirements with their broker and/or mitigated the risk and/or are sitting on fat bands.

There are plenty of traders out there with seven-figure accounts who would, if they could, push a button all day long that made $1800 cash.

Again, the margin requirement is not the “risk” on the trade as you put it. It’s technically just a deposit to play. The risk on the trade is how much you’ll lose if the trade goes against you. If you’re short a million shares at .001 and it pops to .01 before you can cover (unlikely), then you have lost $9000 not $2.5M.

You make a solid point. I get that the margin requirements are hefty. But, the margin requirements do not help explain the fact that those inventory levels are active daily and organically changing. And, according to Interactive Brokers directly: are the result of "retail and institutional" short positions.

Hefty margin requirements 1) do not stop anybody with a big account from shorting freely, and 2) are different through different brokers. I'm confident there are ways to negotiate these margin requirements too.

You pose the issue as though someone is *risking* $2.5M to make $1800, which is an illogical risk/reward I agree. However, that $2.5M is not lost or spent on the trade. It is only held in the account to cover the unlikely event that a short-seller gets squeezed before they have a chance to exit the trade. In 99.9999% of cases that $2.5M isn't even touched.

Many activities in life have hefty margin or deposit requirements. Luxury rentals often require enormous deposits. But they are still frequented.

The main issue as I see it is that the inventories are active and changing organically throughout the day. As unlikely as it seems to open a short position, it doesn't change that fact. With all respect, I still do not get how you reconcile the changing inventory levels with the suggestion that shorting is illogical?

Good stuff. I did know SureTrader is being shut down. And perhaps it is for violations among these types of issues. I have not read the specifics.

I reached out to Interactive Brokers directly to ask about their short inventory daily data. Here is an excerpt from their response:

“It is updated on a near real-time basis throughout the day for changes to IBKR's inventory and, periodically throughout the day to reflect updates to the availability lists of other brokers, Referencing your example, the borrowers could be retail or institutional investors.”

Help me understand how else would you explain the changes in inventory throughout the day other than active short positions? The inventory levels quite often reflect the actually activity on the stock too, meaning that on days of heavy selling the inventory goes down to near zero. And not down suddenly like the inventory was pulled by a provider but rather they change incrementally as though more and more shares are checked back out and in. Interactive Brokers provides updated data every 30 minutes and also shows the last 24 hours of data.

I consider you an expert in these matters. Kindly help me understand what I’m missing.

Completely Agree. Penny+ runner here. 695M float, TA-verified, OTCM-verified.

It used to be this way but not any longer. Some traders on Twitter make a living out of shorting OTC. Margin requirements have come down, and more brokers (like SureTrader) make it more accessible than ever.

You can see the available short inventory through Interactive Brokers and others. EATR shows over 10M+ of inventory available to retail to short. And it is commonly ALL checked out with little availability.

By "really quiet" do you mean +80%?

I don't suspect we'll see much volume go off under the .0045 pivot breakout. Building a new base around .005 for the next leg. We are here for the real story not for a fake preview run. Long and strong.

You gonna be rich bro.

Next update blows this up over a nickel... Could drop any time, including Monday.

Court requested:
1) the Reinstatement,
2) the Shareholder List, and
3) the Shareholder Update.

Dixon and his lawyer have already completed the first two items. When they drop the shareholder update on this 100M (about) float its gonna blow-it up. Day traders will glom on. Anything is possible here. It will be the first official news in years and years.

And, Dixon's track record, though sketchy at times, shows a move on his last OTC placement EMPM from subs to .295. He might come in with a strong story.

I think we are ready to blow here. Have never said this yet in over a year. Congrats, longs.

We are getting closer. Big drop-off in mystery volume today as a percentage of overall volume. And again, no T-Trade.

As I suspected we are likely close to winding down as we're nearing the AS limit. Float unchanged. We'll see how the new share structure looks with the updated Quarterly filings expected any time.

This shell is now transforming into something new. The new restricted shares add value to a prospective buyer in the form of increased equity/control.

One of the only completely clean, no-debt, no spiders-in-the-closet shells out there on the OTC.

Congrats longs. These transformations are difficult sometimes to weather, but have the potential to become life-changers. Long and strong.

This 695M float will see .01+.

OTC Markets shows no change in UNRESTRICTED. Only a change in RESTRICTED. I have screenshots in the tweet in my post.

NEWS: Kim is issuing RESTRICTED shares. OS has increased from 412M to 625M. NOTE: NONE of the new shares are in the float. Since the OTC Markets profile is TA-verified, it confirms that all the new shares added to the OS have been added to RESTRICTED. The unrestricted shares is unchanged from the recent filings. The tape (time & sales) has shown 20k hits throughout the day as "mystery volume." The end of the day has no t-trades. This is not standard dilution.

Some reasons this may be happening:
- Provide more equity to a prospective buyer (something that Kim has previously indicated is an issue in selling the shell)
- Cover existing debts (according to the filings there are no debts or convertibles on the shell)
- Fund upcoming business operations (nothing announced yet).
- Clean-up share structure, issue/cover warrants, etc. (unknown)

I take this as a bullish sign that Kim is making these types of updates. Previously Kim hired a lawyer (the same lawyer who did the SPOM merger btw) to bring the shell Pink Current and prove that it is 100% clean. These actions suggest Kim could be preparing to take action or provide an announcement shortly. I'm optimistic. :D

You guys see the tape? Action time approacheth....

My analysis in this tweet:

$NGCG 👀 THIS IS HUGE: Notice the tape last couple days? I've seen this before: updates/clean-up to the share structure before live announcements. The new shares were added to RESTRICTED. That's huge. Normal dilution is added to UNRESTRICTED. (cont) pic.twitter.com/54sVaxBUdk

— Weedspan (@AlanWeedspan) March 30, 2021

Up 300% today. Hope shawty can sit down after today. :D

LMAO now here’s a warning for you: do not short a locked 100M float. Unless you like freshly roasted nuts.

TA-updated means they started paying the Transfer Agent. Earlier in the month they updated their OTC Markets profile. Both cost enough that they wouldn't do either unless they were planning to go Pink Current with new biz announcements. Not saying that is going to happen but that's why it is running. On anticipation of those events. We been waiting here a long time for these signals.

Today TA-Verified! 695M float! Gonna surprise some peeps...

OS: 1.31B
Unrestricted: 1B
Held at DTC: 695M

OS unchanged for 11 years. No convertibles issued.

Joe was responding to a question about the fake PR that was put out in 2018. He meant he has nothing to do with the people who put out that 2018 PR.

Now Joe has reinstated the company and OTC Markets has removed the Stop Sign with filings and updates to OTC Markets.