Replies to post #55088 on New Generation Consumer Group Inc (NGCG)

[RetroSpect]

Moderator should sticker this

[I-Glow]

That guy is clueless about securities law.

"Alan Weedspan
@AlanWeedspan
Jan 15

HUGE $NGCG DD: 2021 could be huge. 1. April 4, 2021 will mark FIVE YEARS of clean ownership. This closes a legal "trigger" period for Tom Kim to lay uncontested ownership of the assets to sell or merge as he sees fit. 2. 100M shares locked in administrative freeze by the TA!"

There isn't a 5 year legal trigger so that Kim can sell or merge NGCG.

That could have been done weeks after Kim gained ownership via the stock purchased from Ross.

Kim owns 1 million A-2 Preferred Shares - (The Series A-2 Preferred has 3000 votes per share on all matters submitted to the Company’s
common stockholders.)

So Kim has 3 Billion voting shares - meaning his vote is the only one that counts.

My experience is that Kim is a honest person but not equipped to operate a public company.

Also, I have the TA documents and the shares that are Administratively Frozen is greater than 100 million.

IG