Actually I don't think the dust has settled here at LIBE yet. When NGEN tried this exact same thing over at GRAS they got suspended for delinquent financials and didn't even bother to respond back to the SEC then they got revoked. I don't think the SEC and FINRA are going to look too kindly at this end run with another ticker.
Unfortunately, looks like you are correct. NGEN merged with GRAS last year and then took out millions in toxic debt. That stock was recently deregistered and is no longer trading. Now it looks like they are just shifting their toxic debt to LIBE. There is also no way their revenues are what they claim. A company with that kind of revenue doesn’t need toxic debt. Here is the GRAS filing which includes the NGEN merger.