4//SEC Filing
NEW GENERATION HOLDINGS INC 4
Accession 0001144204-08-000447
CIK 0001024605operating
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 4:18 PM ET
Size
6.8 KB
Accession
0001144204-08-000447
Insider Transaction Report
Form 4
MOT JACQUES
DirectorPresident and CEO10% Owner
Transactions
- Purchase
Series B Preferred Stock
2007-12-31+91,081→ 91,081 total→ Common Stock
Footnotes (3)
- [F1]Each share of Series B Preferred Stock is immediately and initially convertible into 10,000 shares of Common Stock of the Issuer; however the conversion is currently limited by the number of shares of the Issuer's Common Stock currently authorized for issuance. Upon stockholder approval and completion of a contemplated 1-for-10 reverse stock split of the Issuer's Common Stock, each share of Series B Preferred Stock will automatically convert into 1,000 shares of the Issuer's post-reverse split Common Stock for an aggregate of 91,081,000 shares of post-reverse split Common Stock. After giving effect to the contemplated reverse stock split and automatic conversion, the Reporting Person will own approximately 95% of the then outstanding shares of Common Stock of the Issuer.
- [F2]N/A.
- [F3]The purchase price per share of Series B Preferred Stock paid was equivalent to $2.27741. The aggregate purchase price was paid for by the exchange and extinguishment of an aggregate of $207,429 of indebtedness of the Issuer owed to the Reporting Person which amount represented all outstanding cash advances previously made to the Issuer by the Reporting Person.
Documents
Issuer
NEW GENERATION HOLDINGS INC
CIK 0001024605
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001024605
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 4:18 PM ET
- Size
- 6.8 KB