Replies to post #58708 on Ngen Technologies Holdings Corp. (fka NGRP)

[AC7880]

.I trade based on charts and this chart has neared a bottom...is quite oversold and from a technical aspect not will but must bounce after it hits that bottom after the fear of the a/s increase subsides...

Massive AS increase will lead to massive OS increase which results in massive dilution and loss of PPS value as new shares flood the market.

Unless your chart takes into account massive new OS shares entering the market, the charting is inaccurate.

TRIPLE SHARES "likely" to enter the market, diluting share price as a result. There would be zero need to triple the AS unless the CEO intends to "spend" those new shares into the OS.

Redo your chart with triple OS and see the result.

[CryptoNinja]

Very nicely put Georgie,

That’s my plant for this one as well. I’m playing the chart and ignoring the CEO.

The current float is still small enough to make a major move as you posted. I’m looking at a bottom bounce once a bottom is confirmed here.

Also, not sure why many traders will bring up the dilution aspect. This is the OTC and most companies don’t have $ to operate without diluting lol.

Anyways, have a great weekend Georgie & everyone!

-CN

[georgie18]

LIBE ...0006 and here come the a/s increase reactionary dip ... watching for my entry position...


georgie18 Member Level Saturday, 09/15/18 05:07:00 AM
Re: CryptoNinja post# 46323 0
Post #
46332
of 46385
LIBE...0009...a/s increase...Pre 14c...https://www.otcmarkets.com/filing/html?id=12964997&guid=MEzZUKAgXcIfF8h

Expecting a possible a/s increase dip...will load any dip...