Ngen Technologies Holdings Corp. (fka NGRP)

[Det_Robert_Thorne]

LIBE currently has $915K in covertible debt

Apparently they have no value in 2018 ?

They had no value in 2014, very little value in 2015, and none in 2016 or 2017, and have not been manufactured since 2015.

As to the debt, in Oct, 2014, when Brian Conway took over as CEO from Frank Pringle (who issued the PR about the failed Chevrolet dealership Guard Lite deal,) LIBE had $316K of convertible notes and between 90M and 107M shares.

By August, 2016, LIBE had 2.8B outstanding shares, and there was still $416K of convertible debt on the books.

Since the reverse split, LIBE's convertible debt has increased to $915K, and since it was all issued at least six months ago, it's now eligible for conversion at a typically 50% discount to the closing price.

Convertible debt holders usually sell the shares, then make the conversion demands the next day, so they're guaranteed about a 100% gain, no matter how low the price goes.