Replies to post #40362 on Ngen Technologies Holdings Corp. (fka NGRP)

[andrius]

you posted 2.5m shares x.004 clears 10k in debt. Given those terms 6m shares sold today(from 2 separate note holders3m each) roughly .012 avg means $72,000 in dilution cleared $24,000 debt. Meanwhile price dropped nearly 20%. At this rate in 3-4 days PPS will be .004 range. Now lets keep in mind note holders in most cases get shares at roughly 50% discount to lowest trading price over last 15-30 trading days. Once price drops to .004 they'll be converting at .002. At .002 they'll be coverting at .001 and so on. Who is going to keep buying this at inflated prices as note holder continues to sell lower and lower?

At .002 PPS with just 250k in debt left they'd have to sell 250,000,000 shares. At .001 it'd take 500M shares. And thats being conservative. Given there is only been volume last week or two they likely have over 500k in debt left.