Ngen Technologies Holdings Corp. (fka NGRP)

[fenian32]

That was the sell price, they are converting the notes at a discount of i think i read here 45%.

So to satisfy 50K of debt at todays pps of .001 converted at .00045 would take over 110 million shares alone. For 220K of debt we are looking at 400 million shares.

But the lower it goes the more shares are needed to satisfy the notes as they are converting at lower prices. Its this type of financing that causes 99% of pinkies to go to zero. The notes need to be bought out before they are converted.