Ngen Technologies Holdings Corp. (fka NGRP)

[Det_Robert_Thorne]

They're not restricted, but "reserved"

6 billion is the as. we have seen way worse in the otc bro. over 2 billion are restricted

The 2.4B shares referred to in the $1M Securities Purchase Agreement between Auctus Fund and LIBE are "reserved", not restricted.

From page 6 of the exhibit that was included in the 8-K filing with the SEC:

2,400,000,000 shares are reserved for issuance upon conversion of the Note.

https://www.sec.gov/Archives/edgar/data/1503161/000149315219014661/ex10-1.htm

Though the note is immediately convertible to shares now, Auctus won't begin to convert until six months have passed since the Sept 20, 2019 date of the note, so we'll begin to see their conversions in late March, 2020. They'll submit conversion demands for up to 4.9% of the OS -- so they won't be 5% shareholders subject to Rule 144 -- and immediately sell the stock.

Of course, there are earlier note agreements on LIBE's books from before the reverse merger that are likely converting now (the reason for the 25M - 62M block trades we've seen over the past week,) but this language about reserve shares is somewhat rendered irrelevant by the 1:2000 RS that's in the works, because 2.4B shares now is 1.2M shares post-RS.