Ngen Technologies Holdings Corp. (fka NGRP)

[trader53]

LIBE - in the process of completing a RS




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09/23/2019

FORM 8-K

* The Parties further acknowledge and agree that
Liberated
does not currently have a sufficient number
of authorized but unissued shares
of Liberated Common Stock
so as to permit the Lenders to exercise
their full conversion or exercise rights
as set forth in the Assigned Agreements,

but that Liberated
is currently in the process of completing
a reverse split of the Liberated Common Stock,
without a reduction of the authorized shares
of Liberated Common Stock,

so as to permit Liberated
to have a sufficient number of authorized
but unissued shares of Liberated Common Stock
so as to permit the Lenders to exercise
their full conversion or exercise rights
as set forth in the Assigned Agreements
(the “Reverse Split”).

Each of the Parties acknowledges and agrees
that Liberated shall not be deemed in default
or in breach of any of the covenants
or agreements of the Assigned Agreements
due to the failure to have a sufficient number
of authorized but unissued shares
of Liberated Common Stock
so as to permit the Lenders to exercise
their full conversion or exercise rights
as set forth in the Assigned Agreements,
unless the Reverse Split is not completed by December 31, 2019.

The Assigned Agreements
are hereby deemed amended
to the extent required
to effect the intent of this Section 2(c).


09/23/2019

FORM 8-K

https://www.otcmarkets.com/filing/html?id=13653657&guid=E2YfUe07ZNckUyh

https://www.otcmarkets.com/stock/LIBE/disclosure

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LIBE - Reverse Split Comment Rattles the Market



LIBE - Reverse Split News in the 11th Hour


September 23, 2019 11:04 AM

Liberated Solutions
Announces Closing of Share Exchange

https://www.otcmarkets.com/stock/LIBE/news/story?e&id=1439304
https://www.businesswire.com/news/home/20190923005614/en/Liberated-Solutions-Announces-Closing-Share-Exchange


Edward Carter,
the current
Chief Executive Officer of the Company
and Co-Founder of Ngen,
commented:

“We are very excited
to finally have the opportunity
to release to the market the results
of our team’s hard work
over the past several years.

We will continue
to make our investor base
aware of corporate changes
including our proposed reverse split,
name change and symbol change
as they occur.”

Carter went on to say,

“we feel these positive moves
will position our company for a more
realistic opportunity to up-list
to a more senior exchange in the future.

We also feel the proposed changes
will maximize valuation and make our company
more attractive to a new market
of investors and institutions.”


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