Replies to post #73130 on Ngen Technologies Holdings Corp. (fka NGRP)

[RE-Digger]

Looks like another empire built on LOIs being presented as contracts. Fun times.

This guy is starting to sound like Conway - if Conway was halfway competent.

Awesome research, as always, DRT.

[Magnum7419]

No sense explaining why the CEO left .......

"July 3, 2015 (OTC Pink: CTXV) - On June 22, 2015, Clifford M. Rhee tendered his resignation from all of his
positions with CTX Virtual Technologies, Inc. (“CTX” or the “Company”), which included his positions as
CEO, President and a director of the Company, effective immediately. Cliff cited serious health issues and his
need to pursue aggressive medical treatment for his condition as the reason for his inability to continue leading
the Company. At this point in time, Cliff has informed the Company that his medical condition and treatment
have limited his ability to communicate with the Board of Directors. Cliff was the point person on numerous
key initiatives for the Company and the effect of his departure may be significant and have a direct impact on
operations, as well as certain growth opportunities and initiatives. Cliff’s direct role in numerous development
projects had recently increased with the departure in June of David Lithwick, CTX’s Chief Technology Officer.
With Cliff’s departure, the Board of Directors is actively reviewing all aspects of the operations to determine
the best transition plan for the Company.
Prior to Cliff’s departure, the Company had been preparing and planned to publicly release a Company Update
detailing its progress, opportunities and challenges. In light of the departure, the Board of Directors has decided
to postpone release of a Company Update pending a comprehensive review of the Company’s business."

[I-Glow]

Another excellent post DRT!

[Magnum7419]

" no punative damages, because in the motion for a default finding, EFT hadn't provided enough info as to how it was damaged."

[Magnum7419]

This is not material since Mr Rhee resigned today.!!!

[OM33025]

Puhhhlease...they have big boy lawyers and big boy accountants. The 8K was the epitome of professional and detailed. SEC doesn't suspend because a stock runs...DCGD is perfect recent example. This company is legit. These shares are ridiculously undervalued AND almost the entire float was locked up yesterday..THINK ABOUT THAT!

[tedpeele]

To anyone - how do doubters explain the Benjamin & Young signoff on 2018 fins as audited? A complete lie?

To the Board of Directors and Stockholders of

Ngen Technologies USA Corp. and Subsidiary

Dallas, Texas

Opinion on the Consolidated Financial Statements

We have audited the accompanying consolidated balance sheets of Ngen Technologies USA Corp. and subsidiary (the “Company”) as of December 31, 2018 and 2017, and the related consolidated statements of operations, stockholders’ equity, and cash flows for the years then ended. In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the consolidated financial position of the Company as of December 31, 2018 and 2017, and the results of its operations and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

The Company’s management is responsible for these consolidated financial statements. Our responsibility is to express an opinion on these consolidated financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audit included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audits provide a reasonable basis for our opinion.

We have served as the Company’s auditor since 2019

Anaheim, CA

September 9, 2019

[Carjockey2]

Any thoughts on this stunning spectacular day???

Maybe we'll have a chance of you putting up the next 8K which should be arriving shortly ..

[kaylex13]

Sell the news so far

[Magnum7419]

What value is this sticky since Mr Rhee resigned on day one (Sept 16th)?