Ngen Technologies Holdings Corp. (fka NGRP)

[Anvil]

The swap of common for preferred shares was a scheme that never got off the ground several years ago. Canada and US regulators shut down the people structuring those plans.

Reason, the commons that converted never could convert back to common stock again. Also, the companies just blew out the share structure with more dilution, not leaving room for commons to convert.

Any toxic lender would gladly welcome a new CEO as a fresh face that can entice new buyers for the shares he has to dump.

LIBE needs a reverse, but it doesn’t make sense until Conway has a new operator and concept. Once he does, reverse will happen followed by dilution.