Replies to post #86185 on Ngen Technologies Holdings Corp. (fka NGRP)

[I-Glow]

Who would be foolish enough to buy stock in a company doing a reverse split - why hold through a reverse split.

The pre-split price was $0.0006 - if I purchase 10 Million shares - after the split I would own 5000 shares.

The post split price was $0.88.

An investor paid $6000 for the 10 Million shares - after the split the 10 Million shares would be worth $4400.

Now the price is $0.58 and your $6000 investment is worth $3480.

So the true losses is 42%.

I prefer to use the post split price and current price which is a loss of 34%.

The reverse split as always has been a disaster for those that held.

Carter and Rhee are serial scammers - NGen doesn't generate any revenue. I can only hope they produce fraudulent financials for the SEC.

IG