Ngen Technologies Holdings Corp. (fka NGRP)

[Det_Robert_Thorne]

SEC suspended three "suddenly crypto" companies last week.

Granted, these were three companies with the same CEO and they were claiming huge aquisitions aquisitions worth hundreds of millions of dollars, but the message from the SEC is clear and Conway better heed it (my interpretation):

A company that suddenly announces a cypto-currency, blockchain business and an Initial Coin Offering had better be ready to back it up with solid proof.

Here's something that the SEC reiterated in the filing:

In August 2017, the SEC warned investors to be on alert for companies that may publicly announce ICO or coin/token related events to affect the price of the company’s common stock.

https://www.sec.gov/litigation/suspensions/2018/34-82726.pdf

Those companies will go to the Gray Sheets in the next couple of days.