InvestorsHub Logo
icon url

Det_Robert_Thorne

12/26/19 2:27 PM

#85514 RE: bagholder67 #85512

CEO and Rhee don't care. They own 97%

Every shareholder should email the CEO at efc@ngen-tech.com or info@ngen-tech.com and or go to Ngen Tech.Com..Ask them to consider lowering the ratio of the current large reverse split to something a little more reasonable for shareholders holding through the split. It's your right as a shareholder!! If enough shareholder's voiced their opinion management might listen even if it is a long shot. The delay in the split could help!


Through the preferred shares that they own, CEO Carter and his partner Clifford Rhee hold 97% of the company, no matter the size of the OS, so they don't really care about what retail shareholders think.

The reason for the 1:2,000 RS isn't to uplist LIBE, but to meet the share reserve requirements set forth in the convertible debt agreements.