NewGen BioPharma Corp. (NEWG)

[Big Brother]

Yes, I saw that 3 months ago, I'm just trying to understand in what world is selling up to $4M in regulated, restricted securities to an accredited investor(s) is a bad thing...??

You do realize that companies go public for the purpose of raising capital to grow their operations..?? Probably more than 90% of all OTC companies can not even secure private placements period, as it's too risky for the investors to tie up large amounts of money, for that long a period of time.

Thats why the majority of OTC companies either A) instantly dilute shareholders by dumping millions of shares on the open market and/or B) enter into death spiral(toxic) convertible debentures, that convert to millions and millions of shares very quickly and at very low prices.

So the fact that NewGen is locking up long term private placement financing, to get the working capital they need, is fantastic IMO, it means no instant dilution..!!

So I'll worry about those, up to 4M shares, of 'possible' dilution a year from now, if and when it happens.