{"id":5530,"date":"2015-05-06T13:13:54","date_gmt":"2015-05-06T13:13:54","guid":{"rendered":"\/?p=5530"},"modified":"2015-05-06T13:34:27","modified_gmt":"2015-05-06T13:34:27","slug":"new-generation-consumer-group-inc-otcmktsngcg-steps-back-again","status":"publish","type":"post","link":"\/articles\/new-generation-consumer-group-inc-otcmktsngcg-steps-back-again\/","title":{"rendered":"New Generation Consumer Group Inc. (OTCMKTS:NGCG) Steps Back Again"},"content":{"rendered":"\n

New Generation Consumer Group Inc. (OTCMKTS:NGCG<\/a>) had a nice little surge on Friday, but evidently the weekend broke its momentum. <\/p>\n

Interestingly enough, the bounce did not coincide with the unveiling of the design of NGCG<\/a>‘s <\/strong>Hemp Infused beverages and shots, which was supposed to be the main event for the week, but occurred a whole day later.<\/p>\n

The fact that the investors were not particularly impressed upon hearing that NGCG<\/a> <\/strong>“preparing for their pre-production phase” is not really surprising. What is intriguing is that the ticker managed to bounce on Friday at all, given all the perils threatening investor value.<\/p>\n

To elaborate – the company’s financials may not look too bad, but there is more to that than it seems at a glance. A bit of digging reveals that on Oct. 2014 NGCG<\/a> <\/strong>went through with a 1 for 1,000 reverse split.<\/p>\n

At that point in time, NGCG<\/a> <\/strong>ended up with 1.6 million shares outstanding<\/strong><\/span>. So far – so good.<\/p>\n

However, about a month later, when Dec. 31, 2014 rolled along, that number had already grown to a staggering 56 MILLION<\/strong><\/span>.<\/p>\n

NGCG<\/a>‘s <\/strong>OTC Markets profile lists the company as having more than 484 MILLION SHARES<\/strong><\/span> outstanding as of February 4.<\/p>\n

Investors are advised to punch those dilution numbers into a calculator and see if the results are to their liking. And while doing so, said investors should probably keep in mind that MGCG has a history of paid pumps by none other than the infamous StockMister, and that by all accounts, there are still a ton more discounted shares that could flood the market at any given point in time.<\/p>\n

With this in mind – let the buyer beware.<\/p>\n","protected":false},"excerpt":{"rendered":"

New Generation Consumer Group Inc. (OTCMKTS:NGCG) had a nice little surge on Friday, but evidently the weekend broke its momentum. Interestingly enough, the bounce did not coincide with the unveiling of the design of...<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1611],"class_list":["post-5530","post","type-post","status-publish","format-standard","hentry","category-news","tag-ngcg"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/5530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=5530"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/5530\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=5530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=5530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=5530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}