Replies to post #82886 on Ngen Technologies Holdings Corp. (fka NGRP)

[3Angels120702]

That's very misleading. Those are shares above the billions reserved for issuance upon conversion of outstanding notes.

[RE-Digger]

In post 82864, you stated they're cutting the A/S in half.

I wonder why they decided to cut the A/S by 50% after the R/S ?

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151822580

According to the Preliminary 14C,

Immediately after the Reverse Stock Split is effective, amend our Articles to decrease the number of authorized shares of Common Stock from 6,000,000,000 to 3,000,000,000

The total number of shares available will decrease from 6B to 3B. However, the effective number of shares available will be skyrocketing, once factored for the 1-for-2000 reverse split. Don't be duped by such a simple shell game... just a massive dilution play.

[art35]

Where do you see this 35mil figure???

(1) Based on 3,480,746,840 shares of Common Stock issued and outstanding.

A 1 for 2000 RS and a AS of 3 Bil is what i read