Ngen Technologies Holdings Corp. (fka NGRP)

[RE-Digger]

Share price will not be at $2.50. That's the hypothetical share price now, but considering no one is buying at .0001 prior to 1:25,000 split, you can guarantee it won't hold the hypothetical share price. No idea where you keep getting that PPS in your mind.

Lenders can convert, then they'll sell once liquidity returns to this ticker (ie: well after the RS completes and the share price drops). Those lenders will likely wait until after the RS completes before they convert - they know the share price will be tanking, they need to wait.

This whole thing signals only on thing: lenders refused to continue lending to this low trip-zero stock. Funds dried up, Conway needed another caustic loan, whoever agreed to lend probably held it over LIBE's head that they need a RS before they can be lent anything.

This stock is freaking joke. Led by a clown. No, Conway likely didn't move back to NY - his press releases and SEC filings have ALWAYS had his old home address, that never changed. The bank owns that property now, he didn't move back into his old house.