Replies to post #32222 on Ngen Technologies Holdings Corp. (fka NGRP)

[3Angels120702]

Definitely interested to see what happens. I think $300k might be the face value of the notes. I'm not sure how much it will actually cost.

So, a new company wants in...let's go with that proposition. They pay a whopping $300k just for the debt. That doesn't give them an equity stake. How are they getting that equity stake? Winters "turning over" 50% or more of his voting preferred stock? Or are they going to be issued a humongous number of restricted shares from the increase in AS.

There are much cleaner shells out there.

Plus...do you think there will be a great rush to get current shareholders however many new shares they're entitled to? What shares I do have I'd like to dump as quickly as feasible. I'd sell at .0001 if that was the bid.