Next Generation Management Corp. (NGMC)

[DaReal]

05-18-2010 1:1000 R/S ??

On May 18, 2010, the Company affected a 1 for 1,000 reverse split of its common stock. In lieu of issuing fractional shares resulting from the split, the Company paid cash equal to $18.50 per share to each shareholder that would have received less than one share as a result of the reverse split, and rounded up all other fractional shares to the next whole number. The Company’s principal purpose in effecting a large reverse split was to eliminate many small shareholders to reduce future administrative costs. As a result of the reverse split, the Company cancelled 32,202 pre-split shares and eliminated 586 shareholders, which left the Company with 149 total shareholders. The purchase price for the fractional shares was equal to the last trading price of the common stock as the date the Company approved the reverse split, adjusted for the 1 for 1,000 reverse split.

On May 6, 2010, the Company’s board of directors passed resolutions to amend its Articles of Incorporation to (1) change the Company’s name to “Next Generation Energy Corp.” and (2) increase the authorized shares of common stock back to 50,000,000 shares from the 50,000 shares that resulted from the reverse split described above. The amendments were not effective until July 23, 2010.

Now let's look at the share count:
Common stock, par value $.01 per share; 50,000,000 shares authorized, 19,350 and 12,373 shares issued and outstanding, respectively

Weighted average number of common shares outstanding-fully diluted
51,797,513 *ups*

NOTE K – GOING CONCERN MATTERS

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the accompanying financial statements for the three and nine month periods ended September 30, 2010, the Company has incurred operating losses of $(97,406) and $(83,020), respectively. In addition, the Company has a deficiency in stockholder’s equity of ($874,076) and ($2,375,560) at September 30, 2010 and December 31, 2009, respectively. These factors among others may indicate that the Company will be unable to continue as a going concern.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7572215

this if from the last filed NT:
NO 10-K filed ever.. only NT 10-K's stating they are working on it *lol*
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7572215

The registrant is in the process of compiling information for the period ended December 31, 2009 for the Form 10-K, all of which information has not yet been completed.

Next Generation Media Corp.
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

Date: March 31, 2011

Great CO to watch! LOL

GLTA