Replies to post #21973 on Ngen Technologies Holdings Corp. (fka NGRP)

[Det_Robert_Thorne]

What money does he have to spend?

Maybe LIBE now has a hidden stash of cash because of the acquisitions, but how does a company with $12K in cash at the end of March buy back more than $100K of shares?

The cash couldn't have come from the sale of the Guard Lites delivered earlier in the year, because those were paid for a year ago and carried on the Balance Sheet as a Deferred Revenue liability.

It couldn't have come from the five Guard Lites ordered in the quarter that ended on June 30, because at $2500 a piece, that would only mean $12,500 in revenue, with only about $5K in gross margin. BTW, since those Lites are only shipping today, they should show on the 3Q/15 10-Q as Deferred Revenue.

The only way for LIBE to get enough cash to buy the shares or the notes would be through more notes, loans, or a possible acquisition or two, which will also result in more shares.