Replies to post #70737 on Ngen Technologies Holdings Corp. (fka NGRP)

[AC7880]

The math is simple. You either multiply times 25,000 or divide by 25,000 to figure it out. Use a calculator.

1) what will the price be at the conversion of 25,000 to one ?

Multiply. .0001 * 25,000 = $2.50 on day of split.

Then, a couple of days later, when all on line platforms open trading back up, the plummet begins anew - just like before.

2) what will the O/S be at the R/S

6/1/19 OS: 3,248,738,707 (figure another 5 to 10 % since then though)

3,248,738,707 / 25,000 = 129949.548 (round up one share to 129,950 (plus 5-10 percent for the ongoing dilution pre split) Then the dilution begins anew.

3) what will the A/S be at the R/S

The Con-Man is keeping 6 billion shares in the AS so he can ONCE AGAIN dilute the crap out this scam. However, there will NOT be 2 billion at $2.50 as claimed in another post. There will be 129,950 common shares of the AS filled at $2.50 before the dilution and plummet of value begins anew.

4) what will be the break down of Preferred shares?

As of May 10, 2019, there were issued and outstanding 3,095,405,374 shares of Common Stock (with the holder of each share having one vote) and 10,000,000 shares of Series A Preferred Stock

(with the holder of each share having 10,000 votes), Pursuant to Section 78.320 of the NRS, at least a majority of the voting equity of the Company, or at least 51,547,702,688 votes, is required to approve the Reverse Stock Split by written consent.

The Majority Stockholder, who holds 1,429 shares of Common Stock and 10,000,000 shares of Series A Preferred Stock (approximately 96.2% of the total voting equity of the Company), have voted in favor of the Reverse Stock Split

A ?

"A" what?? What does this mean?

B?

"B" what?? What does this mean?

NOW FOR THE KEY TO THIS RIP-OFF OF COMMON SHARE HOLDERS

Read this: "

Execute a reverse stock split of the Company’s issued and outstanding shares of Common Stock at a ratio of one post-split share per twenty-five thousand pre-split shares (1:25,000) (the “Reverse Stock Split”).

"Common stock" is splitting 25,000 to one. NOT PREFERRED STOCK!!!!!!

So Brian is taking your common stock, and retaining his preferred stock ratio!!!!!!!!

Brian just gave himself a gift of a 25,000 times increase in the value of his preferred stock!!! And he is doing it by taking YOUR common stock!!!!!!!

What a CON!!!!!!!!!!!!!!!!!!!!!!!!! And a few gullible longs are buying more common shares!!!!!!!!!!!!!!!!!

This thing will plummet fast and hard post split. $2.50 per share is a pipe dream!!!! But Brian will be enriched, as commons are ripped off AGAIN!!!

[AC7880]

4) what will be the break down of Preferred shares?

A ?

B?

Brian's preferred shares are not splitting, only the peasants common shares are splitting by 25,000 to one.


Theoretically, a company can create any number of classes of shares of common stock. In reality, the decision is usually made in order to concentrate voting power within a certain group of people.

When more than one class of stock is offered, companies traditionally designate them as Class A and Class B, with Class A carrying more voting rights than Class B shares.

Class A shares may offer 10 voting rights per stock held, while class B shares offer only one. It depends on how the company decides to structure its stock.

And what does the Con-mans preferred shares let him do?
"10,000,000 shares of Series A Preferred Stock

(with the holder of each share having 10,000 votes)"