Ngen Technologies Holdings Corp. (fka NGRP)

[Det_Robert_Thorne]

Conway tap dancing around issues better than Astaire

Cudos on the discussion/argument with Conway over on Facebook regarding LIBE's upcoming reverse split and debt, but he was given a couple of openings:

1) He shifted the argument from potential shares upon conversion to affiliate sales restrictions. These noteholders never convert the whole amount, which would likely make them 5% affiliates, but convert right up to the limit, then immediately sell, so they never have to report as affiliates. They repeat the process every few days until the debt is repaid.

2) He claimed that the debt when he got there was "was well over $2 million" when he got here [LIBE], but I believe that he first came to LIBE as a consultant in early 2014, and at the end of March, 2014, LIBE only had $170K of convertible debt, plus another $162K in accounts payable.

When he became CEO on Oct 1, 2014, LIBE's convertible debt was $316K. Total Liabilities were roughly $512K.

Here's a chart I posted in Feb, 2019 showing LIBE's convertible debt since Conway became CEO. A link to the post with more detailed info follows:


https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146956381