Replies to post #58710 on Ngen Technologies Holdings Corp. (fka NGRP)

[JediWar]

REALITY is that those additional shares won’t hit all at once and even if they are utilized which it sounds like they are more for “show”, they won’t hit the OS just like that - it takes time and lots can happen acquisition wise before that occurs raising the share price.... and those 10 million preferred are the vehicle to which the acquisitions will be closed.

NOT the common that would dilute us.

$LIBE

But yeah yeah “the sky is falling” stated chicken little

[Magnum7419]

Found this comparison of LIBE and another stock. I think the future of both stocks are a gamble . LET's make this comparison a sticky so we can return to it down the road.

"I often like to compare and contrast OTC stocks, and perceptions on those stocks.

Here at TxxC we often see angst over the AS, even though OS is currently fine. We see demands to reduce the AS, even though it is barely tapped after the split.

Meanwhile let's examine another OTC stock, and what is happening right now, with the news out on Friday after close:
"Increase the number of authorized shares of capital stock of the Company from two billion ten million (2,010,000,000) shares to six billion ten million (6,010,000,000) shares"

"which shall be comprised of six billion (6,000,000,000) shares of Common Stock and ten million (10,000,000) shares of preferred stock of the Company (the “ Authorized Increase ”) Liberated Solutions, Inc. (LIBE)"

Now this is a company with little to no assets, no products for sale, no revenues. Just dreams of future acquisitions.

Over on the LIBE board this massive increase to the AS is being called great news, that the new AS and following OS will be used to grow the company, expand, and complete acquisitions.

Here on the TxxC board, the AS is questioned, and every increase in OS is examined under a microscope. As it should be to guarantee moving forward we see added value to company for dilution.

Just compare the two companies, two stocks, and two boards to see the wide disparity on perceptions of AS/OS.

Quote:
We are obligated to issue up to an additional 5,552,521 shares of our Common Stock/b]

"We have the authority to issue up to 990,000,000 shares of our Common Stock. As of September, 5, 2018, there were 74,362,417 shares of our Common Stock issued and outstanding. We are obligated to issue up to an additional 5,552,521 shares of our Common Stock to contemplate the conversion or exercise of all of our currently outstanding Preferred Stock, warrants, options, and convertible debt. There is a limited public market for our Common Stock."




Retired, non user of MJ but support legalization

[georgie18]

Your post is all conjecture and "likely" is a 6 letter word for "if"...both are meaningless...why in the world would I base my chart on triple the o/s...when that is not the case...Now any of this can happen but as of today it is not a fact and cannot be considered or treated as such...

There are many reasons to raise an a/s and not all of them has any bearing on raising the o/s...

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.

I can list hundreds of tickers that had a/s increase and made great moves...I already posted this one as well as another on this board...

APRU ran from .0001 to 05 range...

Authorized Shares
50,000,000,000
12/31/2013
Outstanding Shares
4,834,689,629
03/31/2014

Have a great day...