Replies to post #63314 on Ngen Technologies Holdings Corp. (fka NGRP)

[Det_Robert_Thorne]

An RS will be requirement for reverse merger

Your opinion implies a stock with 2 billion A/Shares will need to do a reverse IMHO

Why can't the CEO increase the shares ?

I am trying to find a comparible stock trading at these levels with the same share structure and could use some help as most have 5 to 10 billion.

By February, 2019, unless there is a reverse merger that absorbs all of the debt, the conversion of notes that were likely issued during the quarter ending on Sept 30 will be in full swing, and will be converting at $0.00006, which means that LIBE's OS will likely breach 2.5B shares and the bid/ask will be $0.0000/$0.0001.

In Sept, 2016, when LIBE instituted the 1:3,500 RS, the the OS was approximately 2.7B - 2.9B.

Finally, no company that would consider acquiring LIBE in a reverse merger would complete the merger without performing a reverse split in order to get the price into the range of $0.10 - $0.30.