Replies to post #49096 on New Generation Consumer Group Inc (NGCG)

[pitts77h]

I suggest you read their PRs, and several posts here.

Mr. Kim and his advisors have been working several months on the details of Joint Venture with Victory...

Kim was advised that it was a bad deal and to cancel the deal - fortunately he had a very bright advisor

After much deliberation by Mr. Kim and his advisors he has decided the previous business model wasn't viable for growth of a public company as he had envisioned when he took control of NGCG... he has decided that in the best interest of NGCG and the shareholders that the company enter into to the mining sector and in particular Lithium mining in which Mr. Kim has many opportunities for NGCG.

I am also close to completing a deal in a sector that is new to me but I have some advisors [sic] that understand it very well

the same goes for urban mining, Victory and name change - Kim was advised that it was a bad deal and to cancel the deal - fortunately he had a very bright advisor who included a clause in the contract so NGCG could extricate themselves.

[the cork]

NGCG - So what's the problem? A strong dollar isn't going to help NGCG, in fact the exact opposite. There is a gold and silver price point below which the urban mining scenario is no longer economic. A stronger dollar results in a lower gold price and vice versa.

That said, there are plenty of forces suggesting the dollar will weaken, not the least of which is losing reserve currency status, or an 8 year zero interest rate policy (following the 2008-9 fiasco), or the fact that a stronger dollar makes US manufacturing more expensive on the international scene, or, or, or...

There is nothing overtly "political" in stating the obvious, so on that score, there is no ASS to fix. The higher ups in both parties sold us out a long time ago. There's plenty of blame to shovel around.

I may not want a weaker dollar, but it's gonna happen weather I want it too or not.

That's why we invest in gold and silver recovery companies old friend.

That's what's gonna save our collective ASSES when the chit really hits the fan! Be well!
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