The penny stock which once called itself the “national leader in the multi-billion dollar direct mail industry”, Next Generation Management Corp. (NGMC), is due to see its highest volume trading session since entering into the medical marijuana industry. Having been a total let down since announcing the creation of NextGen Cannabis Consulting LLC, their wholly owned subsidiary, NGMC stock has not been able to combat the forces of gravity that want to pull the share price back to under 0.02 where it lay dormant before the switch over to becoming a weed dispensary. Since there are still a ton of 0.003 shares to dump on new traders, today’s awareness campaign is likely to be the best opportunity for bagholders to get out with whatever skin they still can.
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NGMC Stock Quote
Market Cap: 4.56M
Last: 0.02 ▼ -0.0001 (-0.50%)
Volume: 183,092
Dollar Volume: $3,662
Open: 0.0201
High: 0.0201
Low: 0.0179
Trades: 14
14-Day RSI:
1st Resistance Point: 0.0208
1st Support Level: 0.0186
52Wk High: 0.129
52Wk Low: 0.003
For nearly a decade now, Darryl Reed, CEO of Next Generation Management Corp., has been at the wheel of what last reported revenues worth reporting when they were providing direct marketing products, which involves the designing, printing, packaging, and mailing of public relations and marketing materials and coupons for retailers who provide services when they were still Next Generation Media Corp. Now, with $821 in the bank as of March 31, 2014 and more than 18X the total number of shares issued and outstanding they had when George W. Bush was still President, the move into the L.A. dispensary industry is a perfect, yet 6 months too late, opportunity to dump the 0.003 shares Actual Investments, LLC and other debt holders of Next Generation Energy Corp. have.
Alerts on NGMC stock that went out last night featured the following headline reason as to why traders should buy into it:
“The expected signature of New York Gov. Andrew Cuomo is all that is needed for the state to permit the use of medical MJ. The “Compassionate Care Act” was passed by the State Assembly early Friday, according to Jason Elan, a spokesman for Sen. Diane Savino, a sponsor of the bill. The state Senate later passed the bill.”
What New York, Florida or B.F. Idaho have to do legalizing medical marijuana in their states shouldn’t have any effect on NGMC since, besides being a long shot to actually do business, is set up to provide dispensary management services to the medical marijuana industry including staffing, IT, security, financial, legal and advisory services – primarily in California. It does sound like a connectable link though, especially for the 102 million shares of NGMC stock that were issued between December 31, 2013 and March 31, 2014 for consulting services, debt conversions, and compensation.
What NGMC stock could possibly do is gap and run quickly towards 0.038, their previous high set back on May 29 when they were the feature pick of Hot Stock Profits and a few other support groups who helped bring in a few trades. With the market as dead as it has been and love for marijuana stocks having become a fad hipsters who trade on the OTC have moved on from, NGMC is going to have a hard time climbing after the gap.
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About NGMC Stock
Next Generation Management Corp., dba NextGen Cannabis Consulting LLC, is a development stage company formed to enter the high growth medical marijuana business initially at the dispensary level with plans to enter each level of the supply chain.
Click here to view the SEC filings for NGMC.
Click here to view the website for NextGen Cannabis Consulting LLC
Authorized: 999,000,000
Issued and Outstanding: 227,996,094
Last 5 Trading Sessions:
| Date | Open | High | Low | Last | Change | % Chg | Volume |
| 06/23/14 | 0.0201 | 0.0201 | 0.0179 | 0.0200 | -0.0001 | -0.50% | 183,000 |
| 06/20/14 | 0.0220 | 0.0220 | 0.0189 | 0.0201 | -0.0029 | -12.61% | 119,100 |
| 06/19/14 | 0.0182 | 0.0250 | 0.0160 | 0.0230 | +0.0048 | +26.37% | 724,000 |
| 06/18/14 | 0.0174 | 0.0195 | 0.0174 | 0.0182 | -0.0013 | -6.67% | 234,200 |
| 06/17/14 | 0.0195 | 0.0216 | 0.0195 | 0.0195 | -0.0019 | -8.88% | 150,000 |
Bottom Line:
Other than Eco Depot Inc. (ECDP), NGMC is the headline pre-market penny stock alert that’s been issued with a budget of roughly $25,000 having been spent on it. Considering the total number of shares issued during Q1, roughly 102 million, waiting for the gap before putting a trade on NGMC should ensure a better chance to break even or come out with a single-digit gain rather than taking a double-digit loss by getting crushed after the first 5 minutes of trading.
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