Replies to post #30839 on New Generation Consumer Group Inc (NGCG)

[pitts77h]

What? Completely wrong. It doesn't, and they don't.

ALTERNATIVE REPORTING MEANS THEY REPORT EVERY OTHER MONTH........AND NGCG DOES THAT

Not even close! "Alternative Reporting" simply means a company refuses to register with the SEC, and refuses to provide audited financials. Essentisally, it means they file PRs with OTC Markets that claim to describe their financial situation. They make these filings within 45 days of the end of the quarter.

Those 'filings" are meaningless.

Here's some information for anyone who doesn't know what "alternative reporting" actually is:

http://www.otcmarkets.com/learn/otc-company-reporting

OTC Pink companies may publish disclosure in accordance with the OTC Pink Basic Disclosure Guidelines. These requirements are designed to give an investor the basic information a broker-dealer must maintain under Exchange Act Rule 15c2-11 in order to initiate a quote in a security on the OTCQX, OTCQB or OTC Pink marketplaces.

http://www.otcmarkets.com/learn/otcpink

For each Fiscal Quarter End, upload a Quarterly Report via www.OTCIQ.com within 45 days of the quarter end. (A separate quarterly report is not required for the 4th quarter.) The Quarterly Report should include:

Information in accordance with the OTC Pink Basic Disclosure Guidelines

Quarterly financial statements (Balance Sheet, Income Statement, Statement of Cash Flows, Notes to Financial Statements). Financial reports must be prepared according to U.S. GAAP, but are not required to be audited

No Audit Letter or Attorney Letter is required

Amazing what can be discovered with the most basic research.

[pitts77h]

That's ridiculous. There is no audit,never will be.

THEY ARE GETTING FULLY AUDITED

These clowns promised "audited financials" back in MARCH. Seven months later? NOTHING. It was a LIE.

http://www.reuters.com/article/2015/03/19/idUSnMKWDxzBya+1e4+MKW20150319

New Generation Consumer Group Announces Phil Longoria Appointed to Chief Operating Officer and Plans to File Audited Financial Statements and Form 10 Registration Statement

WHITTIER, CA--(Marketwired - Mar 19, 2015)New Generation Consumer Group has hired an auditor to audit its financial statements and plans to begin filing audited financials with OTC Markets sometime during the end of the second quarter, or the beginning of the third quarter.

[RookieStockPicker]

Ha Ha, funny.