Ngen Technologies Holdings Corp. (fka NGRP)

[Offshore_Angler]

Why Sellers will get burned very soon!

10q document is a legal document. Filers will go to prison if it is fraudulent. Any accountant will tell you that.

Huge increase in revenue for this company. They have or will have money to pay back debt with no problem!


Three Months Ended September 30,
Nine Months Ended

September 30,


2019 2018 2019 2018
(Restated) (Restated) (Restated) (Restated)
Revenues $ 51,645,437 $ 5,389,882 $ 144,338,267 $ 15,014,672
Cost of goods sold (47,850,180 ) (4,804,695 ) (134,295,726 ) (12,312,031 )
Gross margin 3,795,257 585,187 10,042,541 2,702,641

Revenue increased to $144,338,267 for the first 3 quarters of 2019!

Where did the money come from?

I guess it's all fake and we're about to take a big dump bath!

If not, $200M in revenue (including $50M order) used to reduced debt / no debt and a bunch of preferred shares that may be traded for common stock in the future (like every other company out there).

If I had a bunch of preferred shares I would wait until the stock is sky high not in the toilet before I sold.