Ingen Technologies Inc (IGNT)

[stockmasterflash]

On September 1, 2009, the Company issued a second convertible note to Robert Sand, the father
of the Company’s CEO and Chairman, in the amount of $48,000 as consideration under a
Contracting Agreement entered into on the same date. Under the terms of the Contracting
Agreement, the Company hiredMr. Sand to furnish his expertise, knowledge and other
resources to work directly with the Company’s vendors in engineering design and testing. The
Contracting Agreement is for a one-year term at a rate of $4,000 per month. In full payment of
this contract, the Company issued a note payable in the amount of $48,000. The note is
interest-free, payable on demand and is convertible into shares of common stock at a rate of
60% of the average bid price on the three trading days prior to the conversion date.

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http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_I/threadview?m=ts&bn=100100&tid=4000&mid=4000&tof=1&rt=1&frt=2&off=1

From Yahoo:

idoenoy
62/Male
California

response from Sands, verbatim 29 minutes ago
"xxxx,

I'm actually on a short vacation with my father. He has been diagnosed with alzheimers. I'll be back in the office on Wednesday. I'm focused on operations and sales. I am unsure why there is so much sell off on the stock. I do have a conscience,and I am concerned; but I need to stay focused on operations and sales. This is what will really drive the stock.

Thank you for your concern.

Scott Sand"

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Stunning revelation!