New Generation Consumer Group Inc (NGCG)

[FreezeThese]

They're preferred shares it won't affect float/pps at all. It's a numbers game...

...returning over 375,000,000 (three hundred seventy-five million) executive shares to treasury

Not expiring, eliminating, cancelling... returning. Nobody knows who has the 500k A-1 preferreds but they're clear - they're executive shares. The only preferred left, Cal's 1 million A-2, which translate into 300,000,000 common shares.

(3) Common Stock Reserved. The Corporation shall reserve and keep available out of its authorized but unissued Common Stock a number of shares of Common Stock, that in their best estimate, as shall from time to time be sufficient to effect conversion of the Series A-1 Convertible Preferred...


http://www.otcmarkets.com/financialReportViewer?symbol=NGCG&id=147792

Great on paper, not so much merits.