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Sunday, March 08, 2015 2:19:18 PM
On November 17, 2014 a fairness hearing was conducted pursuant to Section 3(a)(10) of the Securities Act of
1933 and the Court entered an Agreed Order Approving Settlement Agreement and Stipulation for Dismissal.
This Court Order provided amongst other items for the issuance of non-restricted shares of common stock
pursuant to Section 3(a)(10) of the Act that could be resold by the individual three claimholders without regard
to the statutory guidelines of Reg. § 230.144, also known as Rule 144, under the Securities Act of 1933, as
amended, so long as the Shares are issued in a manner which would not result in the individual claimholder
owning more than 9.99% of all the Company’s common stock on such date, as determined in accordance with
Section 16 of the Securities and Exchange Act of 1934, as amended, and the regulations promulgated
thereunder. As of the date of this filing, the Company has issued 12,000,000 commons shares of stock pursuant
to the Court's Order.
But notice the update to the share structure as of Feb 4, 2015. Especially the O/S
NGCG Security Details
Share Structure
Market Value1 $3,925,331 a/o Mar 06, 2015
Shares Outstanding 484,608,753 a/o Feb 04, 2015
Float 40,880,342 a/o Feb 04, 2015
Authorized Shares 750,000,000 a/o Feb 09, 2015
Par Value Not Available
Shareholders
Shareholders of Record Not Available
Corporate Actions Ex. Date Record Date Pay Date
Security Notes
•Capital Change=shs decreased by 1 for 1000 split. Pay date=10/07/2014.
So, if only 12,000,000 shares were issued, how did the O/S go from 54 million to 484 million?
Guess all will come out in the first quarter report for 2015. The share issuances, per the 3-a-10 agreement will be included in that report, and we will see for sure if there have been shares sold into the market.
TRUTH is so powerful, it can sometimes right the wrongs perpetrated by greed.
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