Ngen Technologies Holdings Corp. (fka NGRP)

[Offshore_Angler]

Here is my take on the A/S shares:

After rereading all of the information available here's my take!

Approximately:

3.7B shares / 2000 = 1,850,000 common shares

3B available for future use / 2000 = 1,500,000 future common shares

Total common shares available will be about 35M if all warrants/notes are traded for common shares.

35,000,000 Total shares of common stock available after all conversions!
<1,850.000> Existing A/S
<1,500,000> Future A/S
-----------
31,650,000 total shares of common stock available for debters!

Not to say additional shares couldn't be approved in the future but 35M total doesn't seem bad for a company with the potential of NGEN!

I think their presentation of the 6B to 3B is very confusing, but that's my interpretation. The conversion of the debt is also confusing!