New Generation Consumer Group Inc (NGCG)

[pitts77h]

Kim issued a few dozen false and misleading PRs at first. He lied repeatedly about his plans, he lied about getting an audit, he lied about the company's products, he lied about mergers, he lied about financing... he told all the same lies every single penny stock scamster tells.

He tried to engineer a reverse split - just like every other penny stock scamster. When FINRA shot that down, he lost interest. The scam wasn't working as he hoped. The shell was dead. The scammy PRs stopped, the false and misleading "shareholder updates" stopped.

Kim's only hope of salvaging anything out of this scam is to try and prevent other scammers from stealing the shell through endless dilution via toxic notes. That's why he's involved in the lawsuits. He's not "saving" shareholders, he's trying to salvage something from his failed scam. Although, the fact that nothing's happening in those lawsuits indicates to me that he's lost interest in them as well, and is quite happy simply delaying things.

Kim could not possibly care less about the "shareholders."