Replies to post #60558 on Ngen Technologies Holdings Corp. (fka NGRP)

[flight director]

Add today's (so far) 450M and you get 1.5 Billion. At this rate 6B won't even hold up past the PowerUp note.

[Magnum7419]

Please update us on the authorized shares currently held with $LIBE

[Jdoe33649]

The SS has increase thats why I told everyone about CFGN on level 2.

[Det_Robert_Thorne]

12/1/18 OS: 1,253,927,555, up 502.0M (66.8%) in month

LIBE's Transfer Agent, Olde Monmouth, just updated LIBE's OS (Outstanding Share) count at OTCMarkets, and as of Dec 1, 2018, it is now 1,253,927,555 shares. That's a 520.0M (66.8%) increase since the Nov 1, 2018 report of 751.9M. Since Jan 1, 2018, when the TA reported that LIBE only had 18.7M outstanding shares, the OS has risen a whopping 5,851%.

I wrote the following on Nov 7, 2018:

Next week, the potential for nearly 500M new shares will begin to hit, as Power Up Lending's $53K note will be eligible for conversion at $0.00012, starting on Monday.

It appears that I underestimated it a bit, and it's highly likely that today's 53.3M dump into the bid near the end of the day was the continuation of conversion of this note. There are probably one or two conversions remaining from this note, and nobody knows yet if LIBE took on new notes in the quarter ending Sept 30.

Therefore, I expect that LIBE's OS will be 1.4B - 1.6B shares by Jan 1, 2019.

Here is the data from the OTCMarkets site, followed by my Excel chart showing the insanely rapid share increase since February: