RE:nci---quick uptdatesloopsbutterfly wrote: NEGATIVE SHAREHOLDER'S EQUITIES
Large debt oustanding
shares oustanding... 35%=insiders 65%=bagholders
Accounts payable ~$5.7 Mil
Long-term debt outstanding ~$6.5 Mil
"(i) On September 16, 2019, the Corporation received a formal demand for payment of its Bank facilities, requesting payment in full within ten (10) days. The Bank assigned the Bank Indebtedness and the Security to 2729252 Ontario Inc., a company controlled by Ashraf Zaghloul, NTG CEO and Kristine Lewis, NTG President.
Effective December 16, 2019, all the rights, title and interest of the Bank Indebtedness and the Security together the full benefit of all powers and all covenants and provisions contained in the Security were assigned to the above company." G1945V