Replies to post #27335 on New Generation Consumer Group Inc (NGCG)

[pitts77h]

You've confused two different companies, the operating company and the corporation that owns it.

It really isn't that difficult to understand - if one is willing to do the basic research required. In fact, I_Glow has already done the work for you and posted it here.

Here's your mistake:

If you look at NGCG's own filing

http://www.otcmarkets.com/financialReportViewer?symbol=NGCG&id=143356

you'll see that NGCG is a Delaware corporation that operates through a California company, Monster Marketing. They say so themselves:

"New Generation Consumer Group, Inc. (the "Company" or "NGCG"), is a Delaware corporation headquartered in Whittier, California, which operates by and through its wholly owned subsidiary Monster Marketing Group, Inc."

See? TWO entities. Not one. NGCG is Incorporated in Delaware. Monster Marketing Group is not.

On October 22, 2014, the Company entered into a Share Exchange Agreement; whereby, the Company acquired 100% of the
outstanding shares in Monster Marketing Group, Inc., for the issuance of 40,000,000 shares of the Company’s restricted common
stock (the “October 22, 2014 Services Shares”).

Sorry, it's plain as day. NGCG's wholly owned operating company has been suspended by the California SOS.