Ngen Technologies Holdings Corp. (fka NGRP)

[Carini]

Let's see what comes out in the 10-Q, and if it includes a mention of Eastmore and/or KBM. The scariest part of that 14C filing today though is this:

Convertible Notes

We are obligated to convert the outstanding indebtedness owed to three lenders into restricted shares of our common stock at the election of three lenders. Currently we are indebted to lenders in the amount of $586,846. If the foregoing is converted into shares of common stock, we would be obligated to issue up to 7,000,000,000 restricted shares of common stock.

Especially when you consider that the amendment was made to that 2012 10-K on June 8 specifically for the purpose of allowing affiliates/insiders to dump shares (followed the next day by a PR so fluffy that even Winters admitted on here it was lacking in substance), I find it highly unlikely that those debt holders are going to sit tight on their debt and not convert while affiliates keep dumping into the bid.

That's exactly what happened with that "Ms. Evans" 90MM share dump this week. KBM was happy to sit on the ask at .0004 to sell its remaining shares, but as soon as the other debt holder started selling into the .0003's hard KBM didn't take a chance and unloaded all 21MM of its remaining shares (that, again, it converted at .00060 it seems) in about 2 minutes.