Replies to post #71506 on Ngen Technologies Holdings Corp. (fka NGRP)

[3Angels120702]

Winters never had nor will ever have a workable business plan. The toxic lenders played ball with him as Winters has a history of willing dilution plus RS to start it all over. They dont care as long as they get their shares to sell

[RE-Digger]

How many times have I explained the 'secret side' of how these loans work??? THERE IS NO SECRET!!!

Furthermore, they need no new capital. They make enough money off shareholder backs from the companies the leach off of (err.. lend to). They don't need to change their capital structure.

If any of them WANTED to go public, they could very easily do that in a heartbeat. They don't want to, that's why it hasn't happened. (And even better, why would they choose the Vaping retailer 'LIBE?')

[AC7880]

The secret side of toxic lending is that Conway funds his salary and expenses with it. Toxic lenders do not need public funding. Just another LIE-b pipe dream.

Complete quote:

I would love to understand the secret side of toxic lenders etc etc......

anyway I would think toxic lenders would love to get public funding and as far as reporting.......concerns I have to laugh a bit as I watched a company run up a deficit of over 150 million dollars in the past five years and never explained their S G & A once......(Terra TEch Corp)

U read somewhere that one of the lenders had to pay 90k to Portland eco cab litigation and that had to sting since LIBE is no bid...... but wouldnt that make xxxx
want to help out LIBE so as to get paid extend the deadlines versus forcing a R/S ?. IMHO


No one should buy or sell any stock i comment on and to take sections of my comments and re post them is misleading as I am a delusional senile ole man.

[I-Glow]

It isn't difficult to understand 504 Floorless financing.

I loan LIBE $100k - but the lending fee is $15k so LIBE receives $85k but owes $100k.

The terms of the Promissory note - the conversion terms are the past 20 trading days I take the average of the 3 lowest days.

Then I convert at between 80 to 40% of the average price from above.

So I don't care if the price drops - I get more shares and the shareholders receive more dilution.

Above is a example - the terms will be different but just as devastating to investors.

IG