Ngen Technologies Holdings Corp. (fka NGRP)

[TenKay]

Well to be precise the asset value is not “in” the preferred. The preferred have a priority claim to the assets than the commons. However, creditors have a priority claim to the prefs...and given that LIBE’s liabilities far exceed the assets of the company the prefs have claim to nothing.

As for the employees...the way this works in the OTC is pretty common. In a reverse merger the private company gets control of the public ticker and then reverse splits it into oblivion so that they control the equity issuances going forward as they don’t want to share any of their assets with the legacy shareholders.

It’s the pennyland version of a “reset”.

Just watch.