Replies to post #34145 on New Generation Consumer Group Inc (NGCG)

[happydawg1]

Read the pr. All the info you're requesting is there.

[happyguy72]

exactly... what are 'executive shares' ???

the ceo of a public company and he uses obtuse language in the most important announcement since inception? this should be written with the actual vernacular... executive A will retire XX common shares to the treasury; exec B will retire XX common shares to the treasury...the total holding of the treasury after retirement will be YY... and then discuss what their NEW compensation program involves... nobody works for free....

where did the 375mm come from anyway? --the number is greater than the common holding for the entire executive team...

why would the execs exonerate themselves from ALL ownership of their company? the A-2's are supervoting rights but are not convertible to commons...they exist to ensure that a hostile take cannot occur by way of the commons.

why have ZERO skin in the game here? why would shareholders want a management team that has no ownership ties to the share structure? what kind of execs want to run a public company for which they receive no accretive incentive for performance?? --thats one of the greatest benefits to being an executive of a public...--its what makes you RICH in the end; not the salary. (ask ole Zuck)

the other side of this is that without their personal holdings, the restrictions will be removed, lol. arguable that it was convertible this month (or next?) anyway... but still... lol....

no form 4s by doing it this way... just straight up dilution if they want.


despite the laughability of all this... where is the proof?? a PR?

lets see the TA ungagged, an accredited audit of the sharestructure--who owns what of the OS and a realistic picture of the float, and then refile the AS with DEL.... this should have all been done in conjunction with the PR if they were at all serious about this.

in any event, the market is a non-believer of the news.... no buyers. those in know, know its just more of Ross's nonsense. as many have said all along... hfbg part deux. he should really mix up the script though.

sad really.