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I will have to im stuck with it LOL bought @0001 before the split im at a 75% loss as we speak!!!
ive seen crazier things then this run...
its basically how bad does the cEO want his PPS to go up...
ride the train
true, they did let us know...atleast you could have sold for a loss before the R/S hit...
sometimes companies need capital, not the best way to do it...but it happens....
im watching to see if Ingen can turn itself around!
The MM is not helping the B/A spread is crazy!!!!
Down 40% today alone
Well that's not good!
it's down 75% in 1 week
Ingen has screwed a ton of shareholders the last couple years. Unannounced 3000-1 reverse split last week after a 600-1 reverse split in September.
It's going to be hard to find people to buy into the dream here.
You might want to search the San Bernadino court web site and check out all the open and defaulted collections cases against Ingen and it's CEO.
Sand isn't too dilligent about disclosing THOSE either.
OK i really think this has room to double, just a quick jump early in the day.
In case you don't believe that it happened so recently
8/27/08 1:600 RS, New Symbol ITEC
http://www.otcbb.com/asp/dailylist_detail.asp?d=08/26/2008&mkt_ctg=NON-OTCBB
NAME/SYMBOL CHANGES
Updated 13:39
Date 8/27/2008
Old Symbol IGTG
Old Name Ingen Technologies, Inc. Common Stock
New Symbol ITEC
New Name Ingen Technologies Inc Common Stock
Comment 1-600 R/S
Ingen Technologies, Inc. Announces Change of Trading Symbol and Reverse Split
Tuesday August 26, 5:45 pm ET
YUCAIPA, Calif., Aug. 26, 2008 (GLOBE NEWSWIRE) -- Ingen Technologies, Inc. (the ``Company'') (Other OTC:IGTG.PK - News) announced today that its previously disclosed one for six hundred reverse stock split of its common stock will become effective as of the open of business on August 27, 2008. In connection with the reverse stock split, the Company's new stock symbol for its post-reverse common stock is ITEC and the new CUSIP number is 45684G 300.
The Company's transfer agent will act as ``exchange agent'' for purposes of implementing the exchange of stock certificates. Fractional shares created as a result of the stock split will be rounded up to the next whole share. The Company's transfer agent is Executive Registrar & Transfer, Inc. located at 3615 South Huron Street, Suite 104, Englewood, CO 80110 where its telephone number is (303) 783-9055 and its facsimile number is (303) 783-0852.
For more information please visit:
http://www.ingen-tech.com
stocks don't go up after a 3000-1 stock split
they are split because they have no more room to sell off. The split affords them that room.
This stock did a 600-1 reverse split a few months ago to get to 20 cents or so. It took only about 3 months to get back to .0001.
OK This is my first split im stuck with 600+ shares at 1/2 price ,needs to get to .30 but will it????
I hope Gail didn't get caught up in this.
All I can say is wow! Oh, and who would even buy this stock to allow for all of this dilution?
I guess I answered my own question two months later.
My shares split fine and show up in my account as IGNT. 1:3000 plus the stock is down 50% from the pre-split (3000*.0001 = .30, stock is at .15 now). YIKES. >$1 is my new breakeven point. Woo-hoo!
Whats the deal with this my shares did not change to IGNT they say ITECYX anyone know why this is ???
Oh no! Not another R/S! WTF?
3000 old shares turn into 1 new share
1,000,000 / 3000 = 334 shares
how much is the split? let say i have 1m shares how much it is now?????
Is this going up after the split or are we just out of luck ??
Nice of them to give shareholders notice
Typical for Sand though
3/18/2009 ITEC 1-3000 R/S - Ingen Technologies Inc Common Stock
New symbol: IGNT.
Good luck.
Serious dilution going on here
#
Outstanding Shares
1,566,187,436 as of Mar 6, 2009
#
Authorized Shares
2,500,000,000 as of Mar 6, 2009
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=itec#getCompanyInfo
Outstanding Shares
126,834,182 as of Dec 23, 2008
*
Authorized Shares
2,500,000,000 as of Dec 23, 2008
8 million shares outstanding in Nov 2008
Something's up! Perhaps the large buy roll b4 a PR.
Hey Guys and Gals whats going on, a lot of buying the past few days.
Whats with the bit of volume today. thanks
We don't know the date
since the CEO isn't big on disclosure
but it surely wasn't cancelled as the company just announced an "aquisition". It's kind of hard for a company with no sales, $3 million in debt, and multiple lawsuits against the company and the CEO to raise funds with a stock price pegged at .0001
Right?
Dose anyone know the date of the reverse split,or was it cancled
I agree. The SEC needs to be overhauled.
Maybe it's the GA Secretary of State that sucks. I don't know...but somebody SUCKS!
There should definitely be a law against more than one R/S within a certain number of years. This just allows Sand to continue to rape unknowing shareholders. It's unbelievable!
SEC SUCKS!
Here is the link to the Georgia Secretary of State's website.
http://corp.sos.state.ga.us/corp/soskb/Filings.asp?1063970
Here is the link to the document approving the 3000 - 1 reverse split
http://corp.sos.state.ga.us/imaging/15851860.pdf
They've filed for a 3000 - 1 Reverse split
..and the company and CEO have more than a handfull of lawsuits against them....they have NO SALES...and they owe $3 million
What news could possibly trump that????
News can't do anything for this stock (especially when Scott Sand is still in charge).
News coming soon lite volume today.
You're funny.....LOL.
getting some volume today could be the next BEAST.
Go to the San Bernadino county court web site
Search for Ingen technologies and Scott Sand
at least 5 or 6 lawsuits against the company and CEO a couple of which have already have default judgements against Ingen or Sand
Yeah a company with no cash
no sales, millions of dollars of debt and a handful of lawsuits against the company and the CEO is going to "acquire" another company.
Never mind the 3000-1 Reverse split they filed for either. ROTFL
To the moon!
Possible Beast in the making at bottom pricing IMO.
Ingen Moves Forward With Acquisition of Cyclonatix, Inc.
YUCAIPA, Calif., Feb. 27, 2009 (GLOBE NEWSWIRE) -- Ingen Technologies, Inc. (Pink Sheets:ITEC), a California-based medical device manufacturer, announced today that it has agreed to acquire Cyclonatix, Inc., a California corporation.
Cyclonatix Inc. manufactures clean and energy-saving electric motor systems for traction motors such as electric bicycle, electric scooter, electric motorcycle, light electric vehicles including golf cart, utility vehicle, NEV (Neighborhood Electric Vehicle); and for water pump motors including pool/spa and solar water pumps; and for air-conditioning compressor, blower/fan, and air-compressor motors. In 2007 Cyclonatix commercialize the patented BLDC Motor Technology. The Company acquired the exclusive license rights from its sister company and patent holder, UMC (Ultimate Motroller Corporation).
"We look forward finalizing the acquisition over the next 60 days, and introducing new medical product opportunities for use of the DC brushless motors," Stated Scott Sand, CEO and Chairman of the Board of Ingen Technologies
It's been widely available for 2+ years now
Nobody wants it. Call a distributor that sells it. Ask them how many they sell.
Google shop or Yahoo shop Search for "Oxyview"
Call the distributors that come up. Not too hard.
This product has lots of potential
They really do have a good product but when you have an officer within the company with other intentions............it DOES NOT MATTER!
you really think their product is a fake, or could be not viable? If it is, what is with all the distributions, and the certifications they have on their site?
although with all the setups they've had out there in the past 3 years its makes sense its going to happen again. right... why not? Though, with progress of the product and the new marketing? There could be more revenue, but i think sands will do the reverse split, how will the company profit with having share holders having millions of shares, unless this product is really worth buying over the markets they have available. this company may be just a big deception.
What amazes me is that there has be revenue coming in. When I first got in years ago, I really thought the company would have a viable product.
But now, I just think Scott is the problem here.
Of course Phenix
So much so they had to announce it again a couple months ago
http://www.tradingmarkets.com/.site/news/Stock%20News/2089229/
Ingen signs agreements with Batterjee and Progressive International
Wed. December 17, 2008; Posted: 12:38 PM
Dec 17, 2008 (Datamonitor via COMTEX) -- ITEC | Quote | Chart | News | PowerRating -- Ingen Technologies, a manufacturer of respiratory medical devices, has signed distributor agreements with Batterjee Medical Group in Saudi Arabia and Progressive International Holding Company, Taipei, Taiwan.
Ingen expects to realize about 1-2% of those markets within 24 months, which would result in a $10 million revenue stream during 2009 and 2010.
The company, recognizing the immediate economic advantages, has put together aggressive marketing opportunities that have resulted in the signing of these two distribution agreements, with others now being negotiated.
Thomas Neavitt, CFO of Ingen, said: "Oxyview is a major product in the $8 billion global respiratory markets. The company has strengthened its financial position in the past several weeks, which will increase production sufficiently to handle the recently secured contracts for the Middle East and Asia. The company is now evaluating European distribution."
PGIHolding still holding on or what?
http://www.pgiholding.com/
Not a very interesting site. Not that it was before, either, but this is clearly worse.
It was only a year or so ago that we read:
(IGTN) Brings Oxyview(R) to Asia Through Major Medical Distributor
2/12/2008
YUCAIPA, Calif., Feb. 12 /PRNewswire-FirstCall/ -- Ingen Technologies, Inc. , a medical device manufacturer, announced today the signed distribution agreement with Progressive International Holding Co. LTD in Hong Kong to distribute Oxyview(R) in Taiwan, People's Republic of China, Japan and Korea. Please refer to the 8-K filing of this event.
Progressive International Holding Company (PIHK) (http://www.pgiholding.com) and its associate company, Progressive Group Inc (PGI), was founded in 1983 and is one of the major distributors of clinical diagnostic systems, medical devices and point of care products in Taiwan. To pursue the potential business opportunity in China and fully capitalize PGI's sales & marketing experience of more than twenty years, PGI established Progressive International Holding Company (PIHK) in Hong Kong in 2005. PIHK has tremendous synergy by utilizing the experience, expertise and connections of PGI in China and Taiwan to expand its product portfolio in patient oxygen gas flow monitoring devices in the China, Japan and Korea markets.
The distribution agreement calls for a monthly minimum of 10,000 Oxyview(R) units to be purchased by PIHK during a five year period. PIHK has submitted the application to the Chinese government agency known as SFDA for registration of the free sales certificate.
"Ingen looks forward to working closely with Progressive. Julian Yuan, CEO of Progressive, visited our manufacturing facilities last year. Mr. Yuan is CEO of Aviva Biosciences in San Diego, California (http://www.avivabio.com), and has the resources to deliver Oxyview(R) to the Asian markets. Our company is pleased to have the privilege of working with Progressive International Holding Company," stated Scott Sand, Chairman and CEO of Ingen Technologies.
...
ok, thx. i hope you all get out before it does, and i wish you the very best, i really do.
I was thinking that too
But the math didn't add up and if it WAS converted, then Sand wouldn't have any Series A preferred UNLESS he issued himself some more.
Makes you wonder how people with very low intelligence are able to scam so very effectively.
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