Replies to post #86094 on Ngen Technologies Holdings Corp. (fka NGRP)

[jhnvtjll]

Not really. It was painted up to .0006 (1.20) on the eve of the R/S.

Mathematically, a decrease from 1.20 to .915 is actually only 24%, not 40%.

Damn, since the reverse split those that held are down 40%.

[Det_Robert_Thorne]

OS now 36.84M shares, up 1.13M since RS

LIBE's TA updated the number of NGEN's outstanding shares as of Jan 31. It's now 36,844,009 shares, up 1.13M since the RS and the conversion of the Preferred shares in mid-January.

That looks bad enough, but factoring out the conversion, that 1.13M increased the immediate post-RS OS of 1.86M by about 61%. Obscurring the relative size of the ongoing dilution could have been another reason for the conversion.