Ngen Technologies Holdings Corp. (fka NGRP)

[I-Glow]

It isn't difficult to understand 504 Floorless financing.

I loan LIBE $100k - but the lending fee is $15k so LIBE receives $85k but owes $100k.

The terms of the Promissory note - the conversion terms are the past 20 trading days I take the average of the 3 lowest days.

Then I convert at between 80 to 40% of the average price from above.

So I don't care if the price drops - I get more shares and the shareholders receive more dilution.

Above is a example - the terms will be different but just as devastating to investors.

IG