Ngen Technologies Holdings Corp. (fka NGRP)

[Det_Robert_Thorne]

$915,334 in convertible notes at end of 1Q/17

Since the 3500 to 1 reversed there has not been $900,000 worth of converts nor is there that much they're able to convert.

Per the 10Q for 1Q/17, LIBE has $915,334 in convertible notes listed on its balance sheet.

https://www.sec.gov/Archives/edgar/data/1503161/000100201417000088/libe10q-03312017.htm

Of that amount, at least $175K was convertible beginning in the middle of June, and more will be convertible at the end of August.

LIBE has no business that generates revenue and had $106K in accounts payable at the end of 1Q/17, but only $47K in cash, so more convertibles will have been issued in the second quarter.