Replies to post #11836 on Ngen Technologies Holdings Corp. (fka NGRP)

[shotcallers]

Haha just spit my beer up reading this one. Another humbling moment. Thank you sir may I have another. Classic

[stockless]

Brian I knew you could answer the build your own Gaurdlite question better then I did.lol. Can't remember my post number,but I gave it the old college try. Thanks for taking the time here. It seems it is in all investors interest to have LIBE be at the highest fair value possible. Having said that I think you could put all the naysayers to rest if we could get a line of bank credit some day. Those damn debt holders give loan sharks a good name. You do have my full support though because you walked into somewhat of a mess and are doing what you can,and then some. I know things take time. P.S LIBE is my favorite penny stock I have ever been in,so keep up the good work. The possibilities are endless here. Thinking internationally,as well as domestically. Thanx Stockless.

[Cmdr_Sheppard]

Brian for OTC KING!! Lmao!!


You are the man and won the internet today! Congrats!!!


Enjoy your day off!! And U.S. TRUE LIBERs know what's coming!!! Stop messing with him he may cry when we surge up!!

[Det_Robert_Thorne]

Thanks for the info on the Pre14C

I guess I didn't realize that Winters was indeed you, Brian. I thought that it was somebody reposting emails they'd received from you.

As to why I came here from the Hemp board, it's because of LIBE's association with Hemp, Inc and Bruce Perlowin, who I see as a CEO who overpromises and underdelivers. A very high percentage of the companies announced as consulting clients in the past year have had serious issues with their performance and stock price.

Here is a post from March 3, 2015 where I list each of the companies (including LIBE) and how each company's stock had performed to date:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111527890&txt2find=webxu|hemp

Yeah, I know it's guilt by association, but IMO, that post is a fairly full history of Perlowin aligning himself with marginal companies. And don't get me started on his much-delayed decorticator facility, where he's now hyping your lighting systems in his PRs, as if putting in some security lights is a big deal when the installation of the equipment is running at least eight months behind schedule.

I understand your need to establish the shares and raise the OS, and I have seen a few OTC companies do okay after converting debt as you've planned, so that's not the main issue.

Thanks for the explanation on the timing, though my reason for listing the May 24 and June 4 dates were to show readers that the filing was very specific, and that yesterday was one of the important dates. The date itself isn't a big deal, but IMO, the fact that there is a date shows that you have a plan.

I do have some familiarity with Nevada's Revised Statutes, and wanted to make sure that readers were aware that you did have the authority to make the change in AS without a call for a shareholder meeting because of your voting control.

The only unanswered question from my original post is in regards to the Pre 14C showing an increase from 250M to 3B, when a prior filing with the NV Secretary of State shows the increase from 250M to 900M. I assume that this was an oversight, and that it will be corrected in the final DEF 14.


With regards to my working out a Bill of Materials, I get that you have a gap in the market that can be filled with the Guard Lite, but my point about showing that BOM is that the parts are relatively easily sourced, and because the Guard Lite concept probably isn't patentable, if there is a market, then there would be a good likelihood of competition from someone who has them built in China at a cheaper price and shipped to the US by the containerload.

As to the galvanized steel pole, no I didn't forget that, but was more interested in posting about the tech.

However, if you insist (note that powder coating is an option :-) ):

http://www.alibaba.com/product-detail/galvanized-Square-pole-Q235-steel-_1550060307.html

Thanks again for your reply.

P.S., If you haven't already done so, slap an "Assembled in the USA" sticker on the Guard Lite and packaging, and put the same thing on the websites.

P.P.S., Because the camera has a user interface, take a look at the operating and configuration instructions, and if they're confusing because they've been computer translated from another language, get yourself a tech writer to rewrite them. That will cut down a lot on tech support calls (did I mention that I have Lean Six Sigma Green Belt?)

[Stock_Gambit]

Do we have an idea of how many more notes are expected to convert?

There seem to be a lot of "theories" floating around. If it's dilution so be it. This has got to be close to being complete.......

[Penny Stocks 2.0]

WHY INCREASED A/S FROM CEO BRIAN CONWAY Now I'm not a Certified Financial Analyst but I'll do my best to answer you directly and publicly to the best of my ability...

But first off, why would someone with your handle of "detective" ever leave the HEMP forums to come try to poke holes in our business when there seems to be enough mystery in their world to keep a whole Scooby Gang of True Detectives busy for many seasons? Has me a little stumped.

Regardless.. the increase in authorized is to serve two functions.

1- To cover the legal obligation under LIBE's converting notes which require us to maintain at all times a reserve of five times the balance of the notes at a 45% discount to the lowest closing day price on a 20-30 day look back. In all cases these amounts are well above the value of the note, and is just there as collateral. As the share price drops, their reserve requirement goes up. These shares are not issued, as the TA only issues what is being converted on that day (under 4.9%). Once the loan is repaid thru the selling of their stock, whatever they hold in reserve has the hold released and is available again in our authorized. In short, if we do not have the authorized shares available for reserve we will be sued and it's game over.

2- We also need shares available to perform business, as in, the reason we're a public company. Acquisitions of other companies comes to mind - trucking, manufacturing, other products - to use a few examples.

Now, you seem to have a knack for asking questions and then making statements that kinda answer yourself without seeing the obvious - kind of why Sherlock needed Dr Watson, to point out the obvious that his brilliant mind would over look by trying so hard to solve a puzzle....

The 14C was filed on the 13th. We have 10 days to wait for a response before filing the definitive 14C and do our mail out. I'll play Dr Watson here and point out that the 10th day would fall on a Saturday, followed by a National holiday on Monday, effectively making Tuesday our 10th day. On the next day, Wednesday, we will do our mailing. We do not have to wait the 20 days for a response as I hold majority vote at this time. This is a good thing as I'll be able to honor the reserve increases and avoid legal ramifications.

Now, in response to your work in trying to build your own Guard Lite - kudos!! You added up a handful of components and came up with a figure that completely missed a few - I'll give you one clue - galvanized steel pole. You're welcome Detective, there's more- go find em. Riddle me this though - Most people know how to make a pizza, but there's a lot of places selling pies. Why is that? Our closest competition charges over $8,000 and doesn't have a camera. Our most expensive is $18,000 and doesn't have a wind turbine. We have an amazing gap in the market to fill.

I'm just having fun with you - enjoy the day off tomorrow and thanks for the support.

Brian Conway
845-610-3817