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I've seen some take longer also. I think it depends on a variety of factors. I've also seen one broker settle the shares sooner than another so that may be an issue as well.
Wow. I hate posting negative information, but this 10-q sucks. first there is no financial information anywhere.
Second, they diluted 134 million shares to pay off 200k in debt?? apparently they aren't very good at math,
Third. 400 million plus shares given to officers and somehow the CEO doesn't get any?
they could have made this an epic run, but stupidity has killed them.
I'm not sure what that link is supposed to tell us other than there is another company out there called scepter holdings. It has nothing to do with what is going on here.
the website is from years ago. the address and phone number are new. try calling the number but add a prefix of 011.
thanks for the information. I always suspected that the lawsuits were tied to UMMG instead of NGCG. This confirms it. Basically they ended up doing an RM for the cost of paying off the lawsuits.
brzl was mining before oil and gas. i don't think they will return to either
at least this lie was entertaining
I agree with you, but would also add that in the OTC most stocks go down anyway. So the gap fills because of any number of fundamental reasons. It isn't just technical
Notice that each one of the officers has a very specific specialty. Many of them have developed products in the past. I believe that they each came to the table with certain products that they personally were working on. Individually they may or may not be successful, but together as a whole they can quickly bring these products to the market and help each other profit.
News out
http://www.streetinsider.com/Press+Releases/New+Generation+Consumer+Group+Inc+Announces+Hemp+Infuser/10534220.html
May 7, 2015 9:45 AM EDT Send to a Friend
WHITTIER, CA -- (Marketwired) -- 05/07/15 -- New Generation Consumer Group, Inc (OTC PINK: NGCG) announces today the new and already in production Hemp Infuser "Mucho Macho Hi- Life." Line samples were completed last week and this new Hemp Infuser has met the very high expectations of flavor and quality NGCG has pride themselves in.
This exciting product will be under the Mucho Macho brand, and is another great addition to the Mucho Macho product line. Similar to the narrow, tube-like packets used for Crystal Light (Crystal Light used for comparison only and is completely un-affiliated with NGCG and its subsidiaries), "Mucho Macho Hi- Life" will be packaged the very same way. You will be able to open the pocket sized plastic packets and pour right into any bottled water, fruit juice, tea or any other drink for a quick and easy hemp infused beverage.
New Generation Consumer Group received all the main ingredients from their supplier, the formulations have been created and completed, and the product has met the company's rigorous inspections for quality, taste and consistency and is already in production.
Monster Marketing, NGCG's very own marketing and media company is presently working on the final touches for the website and advertising materials and plans to reveal 3 flavors of "Mucho Macho Hi-Life" within the next two weeks.
New Generation Consumer Group is also very excited about the taste profile and high quality of H420 Waters which is currently in its final developmental phase by a world renowned flavor house. NGCG will keep you up to date during this process all the way to market.
Phil Longoria, New Generation Consumer Groups Corporate Relations Officer, states, "As I have previously stated, NGCG is growing and expanding our product lines under their own brands to strengthen our footprint in this fast paced world of consumer goods. Consumer products companies are looking to maximize profits and market share in an interconnected, competitive environment. Challenges for the organizations include meeting the changing demands of customers, maneuvering through a consolidating market and executing strategies to grow profitably." Further stating, "New Generation Consumer Group understands how this works. 'Mucho Macho Hi- Life' is another intricate part of our overall strategy for consistent, stable growth. With our refined business model, we are able to keep operations lean giving us the freedom to respond to market demands quicker and more effectively while keeping a positive margin, with solid revenue and profits for our shareholders."
Presently, NGCG owes no suppliers or manufacturers; inventories that are held have all been paid-in-full
About New Generation Consumer Group, Inc.
New Generation Consumer Group, Inc. (OTC PINK: NGCG) is a marketing and media company that currently operates through four separate divisions: Mucho Macho, VIP Spirits, Monster Marketing, and our Snack Division. Mucho Macho features Mucho Macho Michelada Mix as its featured product. Our VIP Spirits Division will feature Excuse as our premium liqueur brand. Our initial alcohol product will be a Top Shelf Liqueur infused Premium Imported Vodka in a variety of different flavors, followed by Excuse Whiskey. Monster Marketing provides graphic design, web development, and brand management, in addition to other various services to its clients to help them gain more customers, increase sales, aid in selling products and services and or to create brand awareness. Our snack division brings consumers spicy and intense flavoring of noticeable quality for today's particular tastes. Additional information may be found at http://www.newgencg.com, https://www.facebook.com/muchomachomichelada, or https://twitter.com/MuchoMachoMiche.
Safe Harbor and Forward-Looking Statements
I'm pretty sure that this is one of our listed directors http://sitter.com/late-afternoon-and-evening-babysitter-calgary-abhttp://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=2cceKlrAtKQXpkra8Crq4Q%253d%253d&nt7=0
I just noticed that Lance Larsen is listed on OTC markts now as being an officer. I believe that is Cheryl Cousineau's husband
All these people are related including kerster
Raymond, sadly I've got nothing on this one. I have zero confidence in the people that are listed as officers right now. One of them is a 20 something year old who is a babysitter. my opinion is that they are in way over their heads
sometimes the simplest ideas make the most money...
sorry, but I am 100% against the cheesehead gimmick. Love the Packers. Love cheese, but the cheesehead prop sucks...in my opinion :)
that is from the 10k filing through dec 2014. that won't be true when the 10q is filed in a few days. even if this was a scam, using your logic an experienced scammer like Ross wouldn't give himself more shares than the ceo. too many red flags that would be unnecessary.
what about this address? how does this fit in?
135 Gavatios Marina Valarta
Puerto Vallarta Jali 48335
Mexico
how far back does he need to go? does he need to list the lemonade stand that wasn't profitable when he was 10?
let me help you
Feb 9
I know that you don't really believe calvin ross is the majority shareholder here. Everyone knows that the 10k was filed as of dec 2014 and the officer distribution of shares was in feb 2015. there is no way calvin is the majority shareholder. You are selectively choosing your narrative based on the filings available
didn't know, or didn't care. big difference
good lord. who cares. when you fill out a resume do you list all the projects you were involved in that failed?
you have yet to prove dishonesty please provide a link
you believe? please post again when you a link
Umm. Nothing to do with ngcg
at the time the PR was released I believe it was an accurate statement. Things do change.
how about convincing people that an accomplished executive who has won many awards and is a director at the Jackie Robinson foundation didn't go rogue and become a penny stock scammer? ;)
Below is the last PR. I don't see anything about the float in it. There are restricted shares for the officers, but the other 300 million share are free to be issued at anytime they want. I don't know why you think they aren't telling the truth?
I think you are forgetting that they announced the issuance of shares to the directors in February. I'm positive that Calvin Ross will not be the majority shareholder when the 10Q is released in the net week or so
can we stop with this restricted share discussion? even if there are ways around it why would they bother with the possible legal ramifications of selling restricted shares when they can simply issue more shares. They are close to 300 million from maxing out the AS. They can do that without filing anything.
Companies go public to raise capital. Bringing these products to market costs money. I believe that they have increased the OS to finance the growing business. It obviously isn't too much because the pps isn't getting crushed. My opinion is the float is probably around 75-80 million.
Did you take this picture? I don't believe that product placement in Walmarts have been PRd yet. it isn't on their web sites. Last I heard it was something coming in the future.
http://www.muchomachomicheladamix.com/#!page2/cjg9
come on. you've been around long enough to know what happened here. Old company gone, new company in. RS brought the PPS up to that point and there was an immediate sell off dropping it down within a couple of weeks. NGCG had almost $1M in revenue in their first full quarter as a public company and they were profitable.
The OS was reduced with a 1:1000 RS.
http://www.otcmarkets.com/financialReportViewer?symbol=NGCG&id=127530
The OS then was raised because officers and directors were issued restricted shares in lieu of pay.
Monster Marketing Group has been around for 5 years.
Monster Marketing Group Inc. filed as a Articles of Incorporation in the State of California on Tuesday, May 11, 2010 and is approximately five years old, according to public records filed with California Secretary of State. The filing is currently active as of the last data refresh which occured on Sunday, June 22, 2014.
Key People
Sylvia Galvan serves as the President
The registered agent for the company is Felipe Longoria. Also known as a statutory or resident agent, the registered agent is responsible for receiving legal notifications regarding court summons, lawsuits, and other legal actions involving the corporate entity.
NGCG. In house Marketing will pay for itself!
Don't know the breakout, but they also own Monster Marketing Group which has some high profile clients.
http://monstermg.com/
DR. Do we have the ADX DI collision going on here again?
www.stockcharts.com/h-sc/ui?s=NGCG&p=D&b=5&g=0&id=p74467804524