Replies to post #86102 on Ngen Technologies Holdings Corp. (fka NGRP)

[Det_Robert_Thorne]

The number comes from the OTCMarkets website

NGen/LIBE is listed at OTCMarkets. Every month, LIBE's Transfer Agent updates the current share structure, and it's shown at the following link:

https://www.otcmarkets.com/stock/libed/security

I use this data to make the share chart that's posted in the iBox intro.

Immediately following the RS, there were 1,857,638 Outstanding shares.

Per the 8-K filed on Jan 15, the conversion of the Series X preferred stock added 33,855,027 shares, for a total OS of 35,712,665.

Subtracting the Jan 15 OS from the current 36,844,009 shows that 1,131,344 shares were added since Jan 15.

They were likely issued for debt conversion, with the shares being immediately sold into the retail market by the holders of the convertible debt.