Ngen Technologies Holdings Corp. (fka NGRP)

[Remember Tomorrow]

Here's what I can tell you. Brian is gone. I private company "NGEN Technologies" took over LIBE and the new symbol is NGRP. Brian got cash and shares for his exit.

The new guys came in talking up big things. They had release documents showing the expected revenues that were going to be about $150 million with the possibility for more. The stock was flying. It reached an intraday high of the equivalent of what would now be $4 per share. Then the CEO brought the frenzy to a halt by announcing a reverse split.

The Split happened at 1 for 2000. The problem was that out of the blue it was announced that the accounting firm resigned and did so saying that the previous financial claims could not be relied upon. Obviously the stock got decimated by this. The CEO got booted and absolutely nothing has happened since. It's been about 9 months of silence.

I had emailed the company accusing them of a scam and whoever responded claimed it wasn't a scam and what happened was orders they had announced ended up being cancelled. He blamed the cancellations on their over aggressive collection agency angering customers.

It's shown a bit of life lately simply because it doesn't take a lot of cash to make this move. Believe it or not, I bought more shares on the hope that they can salvage some of those cancelled orders. If they can salvage even half of what they originally expected, then those of us that picked up shares on the cheap will be fun bunching. That is not a recommendation for you to buy. It's a gamble for sure. Good Luck.

Remember Tomorrow