Ngen Technologies Holdings Corp. (fka NGRP)

[AC7880]

If LIEb was NOT a public company, but a privately owned business opportunity would you invest given the following?

A guy named ConWay says let's build a business. We will have no products, no assets, and no revenue but here is the business model:

We will change what our claimed business is on a regular basis.

We will announce various deals on a regular basis, but never complete any.

I will get a salary, and you will pay it.

I will not put in any money in myself, and you will fund the company 100 percent.

I will take out loans with terrible interest rates. You will pay the loans back, and I won't.

I will have 96.2% of the total voting equity as we build out our "business" that YOU will fund 100 percent of.

When 96.2% of the total voting equity is not enough for me, I will strip all but .004% of your previous (already limited) voting rights. Going forward I will have 99.996% of the voting rights. Trust me, I know best for our company that YOU completely fund.

I will still invest none of my personal cash, and you will pay for everything.

By the way, we are bankrupt, so please invest more money.

But when you do invest more, I am taking away 99.9% more of your already limited voting rights, and giving those voting rights to myself. It is what is best for YOU.

Now no one in their right mind would ever invest in some private business "opportunity" like the above. But call it a public stock --- and here we are.

Quote:

The Majority Stockholder, who holds 1,429 shares of Common Stock and 10,000,000 shares of Series A Preferred Stock (approximately 96.2% of the total voting equity of the Company), have voted in favor of the Reverse Stock Split

https://ih.advfn.com/stock-market/USOTC/liberated-energy-inc-LIBE/stock-news/80174505/proxy-statement-other-information-preliminary-pr

Commons are giving up 25,000 to one of their already limited voting rights with the split. Conway is GAINING even MORE voting right percentage!!

96.2% of the vote is not enough for him!!!! He wants 99.996% of the voting rights!!! And he is the only guy that voted to do it!!!!!!!!

The ConMan must split HIS preferred shares too!! DEMAND IT!!!!