Replies to post #82875 on Ngen Technologies Holdings Corp. (fka NGRP)

[Magnum7419]

Nay Nay my friend !!!! Please read the numbers again for A/S :)

'Upon the filing of the amendment to the Articles, the Company will have approximately 35,397,217 shares of Common Stock authorized and available for future issuances. Notwithstanding the foregoing, the Company may seek an increase in authorized shares of Common Stock as and when considered appropriate by the Board. The form of the proposed amendment to our Articles necessary to effect the Authorized Share Reduction is attached hereto as Appendix A."

Is that number 35 million :)

FYI I contacted the CEO weeks ago about this 35 million number and he advised to simply wait as the true numbers will be in the DEF ### :)


https://ih.advfn.com/stock-market/USOTC/liberated-energy-inc-LIBE/stock-news/80875762/proxy-statement-other-information-preliminary-pr

[All4Me]

IMHO, the purpose of stock offerings in the first place, contrary to traders' beliefs, is not to make buyers of the stock rich. It is to raise the monies needed to build a business. Selling stock is a healthy part of building a business if done correctly. Having stock available in reserve to fund new endeavors and support sudden unexpected expenses is much better than taking on outside loans. Just because the AS is there doesn't mean they are going to max it out right away. It doesn't mean they won't, but I guess we'll have to wait to find out.