Replies to post #27191 on Ngen Technologies Holdings Corp. (fka NGRP)

[OlivePennys]

Amateurs

[Pinellasjoe]

Their office are located in Bulgaria. Hahahaha!!!!!

[Det_Robert_Thorne]

Don't recall anyone here mentioning new $232,500 notes

InvestorsHub isn't their only source, as they reference the 10-Q.

Also, I think the author made an interesting point about the fact that $232,500 of new convertible debt has been issued since Conway took the helm, which is something I don't recall seeing in messages here.

The latest 10-Q will tell you that between October 2014 and April 2015 (when Mr. Conway was at the helm), LIBE issued $232,500 worth of notes convertible into stock at discounts ranging from 39% to 55%. Basically, instead of eliminating the toxic debt left by the previous management team, Mr. Conway actually accumulated some more.

Now maybe some of that debt was issued to pay off earlier debt, but I don't think that explanation is in the 10-Q, and the author probably should have mentioned the recent Form D.