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Some nice buys into the close. Hopefully this keeps picking up - at 25 cents it's just under *ONE* times revenue valuation, so we can easily run 5-10x from here based on standard SaaS valuations.
Yep this one is going multi-dollar
Looks easy money maker flipping this stock..
IMO
It’s all up to IR and traction as you say. I just hope they take full advantage of their IR partners and investorshub. You should email their investors email or call IR to suggest that if you’re concerned actually
On that I can agree. But even the OTC doesn't give you much traction from my experience in dealing with penny's
I’m not saying uplist to a senior exchange I’m saying uplist to OTCBB. They already easily qualify for that with 7M revenues, 20 cent PPS, and audited financials. So it’s just a matter of filing the appropriate application documents on OTCMarkets.
Just ask IR if you don’t believe me...
Also basement is harsh lol when they are actively hiring MBAs and certified cyber security experts for 125,000+$ a year
There must be a reason they are choosing now to partner with all these IR guys, retain the Goldman guy, etc. Imo it’s what they’ve said in the letter — they’re modernizing their brand to support Nodeware launch, and uplisting/growing PPS to support M&A initiatives. All of that is great for shareholders. With even minimal M&A or Nodeware sales growth, fair value is 2$+
I'm finding it very hard to believe that there will be an uplist in Q2. They are barely out of the basement at this time and I don't see any catalyst that will propel them to an ability to do so in the current year unless something dramatic happens to get them there.
In fact the chart is basically showing an exponential increase since early 2019. It’s hard to imagine a stronger chart, really
With uplist coming in Q2 I do think we may see dollars sooner than it might first appear
I don’t think it got hammered so much as retraced a bit off 28 highs. If you look at the chart it is exactly the higher highs, higher lows template. The recovery into 20s is highly encouraging, hope for continuation next week
This thing sure got hammered this past week, but seems to have recovered well. Need to get back to $.24 soon.
Chart looks crazy strong. I’m looking for 28 break as the most important breakout signal at this point
Check it out, IGI just added a few new open positions to their website:
- Cybersecurity Consultant (Virtual CISO)
- Cybersecurity National Account Manager
- Vice President, Cybersecurity
- Cybersecurity Inside Account Manager
But that's not the best part, look at the salary ranges they specify:
Salary Range: $100,000-$125,000 per year, plus variable comp package that includes employee stock options
Salary Range: $125,000-$150,000 per year, plus variable comp package that includes employee stock options
Salary Range: $100,000-$125,000 per year
When it uplists that should also be a good catalyst for 1$ range
Yes it seems very strong to me. Hard to justify selling at this price point when revenues are higher than market cap still
with everything heading south today this one is one of the few that is stable, mainly because it is not that well known yet.
This is one of those stocks that one day you wake up and it's up 500%. Very tight float here
They are not even competitors with those companies...they provide cybersecurity services to businesses and enterprises, it has nothing to do with antivirus like Norton or McAfee. It is a completely different service/industry...
On top of that forget future growth just look at past results, revenue is over 7 million and profitable while market cap is below 7 million. So even without growth company is worth like 5x current PPS.
I've updated the iBox with plenty of info and will continue adding the news releases as they come out. The most recent release was encouraging to me - not just bloviating about growth like most pinks, but actually hiring highly-credentialed (including MBA) professionals proves it.
I've been looking at this Co. for a few days and I can't see how they are better than Norton/life lock or some of the other bigger companies out there. What edge do they have that will give them a niche to work in?
Let's see news get out there. A company hiring these types of profiles shouldn't be languishing below 1$. Go IMCI
IGI is HIRING. And these are quality guys with MBAs, skills, and certifications, so not cheap hires. This co is growing, will be over a dollar very shortly imo. Especially now that apparently news is rolling out.
With this microscopic 29M OS, Nodeware could end up taking this stock over 10$ down the road. That would be a 290M market cap, and revenues are already over 7M.
Infinite Group, Inc. (IGI) Grows Cybersecurity Team with Three New Industry Leaders
IGI Hires New Cybersecurity Professionals, Sets Sights on Continued Growth in 2021
PITTSFORD, NY / ACCESSWIRE / February 18, 2021 / IGI (OTC PINK:IMCI), announces the hiring of three new cybersecurity professionals as part of its growing services team: Mark Liggett, Steve Mihm, and Paul Robinson.
https://www.accesswire.com/users/newswire/images/630592/Mark-Paul-Steve.jpg
"We are excited to add three new talented minds to our growing team of cybersecurity leaders," said Andrew Hoyen, President and COO of IGI. "Mark, Steve, and Paul are all highly-regarded professionals in our industry and will help IGI grow as a national leader in cybersecurity services and software."
Mark Liggett joins the team as a Security Consultant, bringing with him 20+ years of Information Security Experience. Liggett holds an MBA as well as key certifications such as CISSP, GCIH, GWAPT, GSEC, and CRISC. Liggett will work directly with clients as a Virtual CISO, leading engagements and services such as Incident Response and Security Assessments. He joins IGI as seasoned leader within this rapidly growing team.
Steve Mihm joins IGI as a Senior Security Engineer, working with clients as a penetration testing lead, ethical hacker, and leading enterprise-level Nodeware® deployments. He also will be a key contributor to the growing software development team, supporting continued development of the Nodeware platform and the creation of new security-focused software. Mihm is based in IGI's Pittsford, NY headquarters and is a graduate of Rochester Institute of Technology's esteemed Cybersecurity Master's program. Mihm brings more than six years of experience as an IT Systems Security Analyst and DevOps Systems Security Engineer.
Paul Robinson is taking on the newly-created position of National Sales Director, helping to lead IGI sales strategy in both the channel and direct markets. Robinson brings more than 11 years of experience and expertise in the Information Security field. Robinson is based in IGI's Pittsford, NY headquarters where he works with our sales force remotely across the U.S. He is also a founder and board member at Fireside Collective, a local charity dedicated to alleviating poverty in the Rochester area.
IGI is continuing to grow its sales and services teams and is currently hiring for several open positions. A complete list of job postings can be found at https://igius.com/careers/.
Contact:
Megan Brandow
mbrandow@igius.com
(585) 485-5756
About IGI
Headquartered in Rochester, NY with a workforce spanning across the United States, IGI works with organizations on all levels of IT security. Through the company's evolution from 1986 to today, we have continued to build on our strong foundation of securing information, systems, and technologies to become a leader in the cybersecurity field. Learn more at igius.com and nodeware.com.
SOURCE: Infinite Group, Inc.
I love how thin this is. It will definitely be interesting to watch what happens with the advent of buying interest / FOMO in the event of an M&A transaction (announced 1H21)
Let's go IMCI, .28s UP. Fundamentals support 1-2$ as of TODAY
Shares are scarce! Cant wait for news of M&A to get it ripping. Up 11% on <30k volume
Idk why I'm the only poster lol but I'm sure that will change as PR gets turned up. Clearly the news is already percolating out to the market as 24 is on bid, up from 10 just a few weeks ago. I think this is just 1 acquisition or PR blitz away from being a multi-dollar runner. That 29M OS is just TOO GOOD. 5x revenue = 1.30$ PPS. At 25 cents we're still UNDER 1x revenue, for a growing, profitable cyber SaaS company. What more to say??
IMCI will join the mega-runners of this year, going to multi-dollars. The OS is too low and revenues are too high to stay at 20 cents for much longer imo, especially now that they've stated they partnered with Goldman for IR/PR awareness campaign.
IMCI – IGI Cybersecurity Issues Shareholder Letter and Provides Corporate Update
Dear Shareholders,
While 2020 was largely marked by the COVID-19 pandemic that led to the struggle and closure of many companies, we are proud to say that IGI Cybersecurity was able to advance its business plan and successfully build for 2021 and beyond.
Major Channel Relationship Growth
You may have noticed that 2020 was a notable year in the Cybersecurity space, marked by numerous high-profile breaches. While breaches negatively impact the companies that are targeted, this trend reveals that the outlook for our industry is positive in terms of opportunity for IGI—particularly with our vCISO services, our Incident Response capability, and our Nodeware platform.
In 2020, we continued to create a portfolio of products and services in the converging IT Security and Cybersecurity markets. Based on the development success of 2020, IGI has a clearly defined vision and execution plan for the year ahead.
Our channel strategy continues to grow and produce results. Particularly, we have had growth with Telarus, which has established itself as the top master agent in North America with over 6,000 sales agents promoting technology solutions. As one of their top cybersecurity solutions providers, we have helped Telarus evolve from telecommunications into the world of cybersecurity.
We have also developed a fruitful relationship with Staples’ B2B segment that is gaining momentum; we are working with their sales organization to drive cybersecurity solutions and Nodeware to their base of over 175,000 customers in the mid-market to SMB space. We anticipate even more positive results as this relationship continues to grow and evolve in 2021.
Despite the stagnant economy, IGI saw a significant growth in our cybersecurity businesses in the first three quarters of last year and we are investing in our marketing and branding efforts. We engaged with a well-known and highly experienced marketing agency based in Washington D.C., Bluetext, that is highly regarded in the cybersecurity market. IGI’s new brand, including strong messaging and a fresh look and feel, will be launched by the end of Q1, 2021.
2021: Targeted Market Growth
Our strategy and pursuit in SaaS-based solutions and product development has exciting promise for the markets we are targeting through our ever-growing channels. We have some exciting plans for the growth of the Nodeware® platform and for our continued product development in that arena.
Regarding the Nodeware platform, we are working with a variety of channels to drive sales and are in pursuit of vertical platform integrations. Nodeware is profoundly changing the landscape of network asset discovery and vulnerability management with its flexible, cloud-based tech and use of AI (Artificial Intelligence).
Our IP portfolio is growing and is a top priority for 2021. We have recently filed another institutional patent application and have made progress on the intellectual property front in terms of our patent pending Nodeware solution.
We are focused on a continuous process of value creation for our shareholders, customers, and employees. In this sense, our business plan includes gathering all the elements that will allow us to complete a future up-listing on the exchanges.
With that purpose in mind, we have been working on improving our balance sheet as
we also phase out business lines that do not produce significant revenue or profit.
Recently, we completed the discharge of some convertible notes, which resulted in a reduction of total debt and a reduction in the fully diluted share number by over 10 million shares; a positive event for our balance sheet and shareholders.
In short, over the last year our Management Team has shown impressive commitment in executing an effective business plan, particularly in the early pursuit stages of mergers and acquisitions, even while facing challenges in the current climate.?We also initiated research through Goldman Research, and we look forward to further coverage and new reports.
Management expects to generate organic and inorganic growth this year, as well as adding new channels that capitalize on current business and market conditions. As we proceed, we are certain these will further solidify shareholder confidence in our overall business and corporate direction.
Look for our new Investor Relations section on our website where we post new milestones and achievements, and feel free to send your questions and thoughts to IR@igius.com. Thank you for your continued interest and support.
James A. Villa, CEO
Andrew Hoyen, President
Bid up to 23 cents and climbing....looks like the news is slowly hitting more ears and volume is increasing. Imo any sell under dollars or even multi-dollars is foolish. Too much to look forward to here. Already SEC reporting and Penny Stock Exempt, won’t stay pink for long
My EOY call on this one is 2$. Growth in NodeWare + acquisitions takes revenue to 10M, and increased investor interest takes multiple to 5-6 —> 2$ PPS
At current revenue run rate (I.e. excluding the impact of imminent growth through Staples/Telarus partnerships and acquisitions):
50 cents — <2x revenue
1.50 cents — 5.5x revenue
2.55 cents — 10x revenue
In other words this could go to 2.50$ EASILY based on fundamentals. Any acquisitions or investor enthusiasm about growth could turn this into the next ALPP or SIRC, pennies to dollars
And it’s profitable so zero dilution risk
As soon as the market gains even a whiff of this one, it’ll be over 1$. The float is MICROSCOPIC, OS just 29M, revenue 7.4M and they have now explicitly stated there are multiple developments coming soon, from a corporate rebrand, M&A deals in the cyber space, uplisting, and more. Even 27 cents on ask now is a gift. WHO WOULD SELL HERE?? No sellers imo
27 cents on the ASK — and only 2.5k shares available. Yesterday’s MONSTER news is getting OUT! :))
BOOM, imci preparing to uplist:
“ We are focused on a continuous process of value creation for our shareholders, customers, and employees. In this sense, our business plan includes gathering all the elements that will allow us to complete a future up-listing on the exchanges.”
Growing Partnerships with Telarus, Staples, Bluetext, with major development slated for Q1 2021 — anytime! Imo this one is going dollar+++
IMCI released amazing shareholder letter today:
https://igius.com/newsroom/2021/2/3/imci-igi-cybersecurity-issues-shareholder-letter-and-provides-corporate-update
3x revenue market cap would be over 75 cents per share. The sky is the limit here - multi-dollar possible within months imo
If news, M&A, and visibility occurs here, my target is minimum 2.50$ PPS (9-10x trailing revenue). Standard for a growing, profitable SaaS co
Even half that target, 4-5x trailing revenue, is a 750% gain over current levels
1M$ PPP loan forgiven:
https://www.otcmarkets.com/filing/html?id=14545158&guid=yYOKUHBXYiiY-th
Nice day, would be good to see this break into 20s range soon. 1x revenue is 24 cents, 4x trailing revenues is 1$ pps
The facts about IMCI:
OS: 29M
Annual revenue: 7M$
Net profit: 380,000$
Award-winning SaaS product:
nodeware.com
Four 2020 InfoSec Awards
IGI is hiring for multiple 6-figure salary positions:
IMCI Careers page
Goldman short-term price target of 65 cents, or a 400% gain from current PPS of 17 cents.
At its current PPS, IMCI is valued at under 1x revenue for a growing, profitable software company. At 1$ per share, IMCI would still only be valued at 4x revenue - very low for a SaaS firm.
IMCI's NodeWare won 4 InfoSec Awards 2020:
https://cyberdefenseawards.com/infosec-awards-for-2020-winners/
I will continue accumulating under 20 cents. I think this one goes multi-dollar in 2021. Cannot find any red flags so far. OS 28M. Revenue ~7M. 380,000$ net profit. Management looks great. Imo this one will gain visibility before too long
This would need to trade at ~25 cents to be capitalized at 1x annual revenue. And it's a growing software company...could easily go multi-dollar in a matter of days with the right news.
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IGI’s cybersecurity team will advise you in choosing the best security program for your organization. Our Virtual CISO (vCISO) offering is completely executed by our own security team from analysis through delivery, and include use of IGI-built products as well as integrating solutions from our best-of-breed partners.
We have taken the complicated world of service delivery and made it simple through our Virtual vCISO program. And since we’re focused solely on your security, we’re able to work closely with both your internal and external IT teams without inefficient overlap.
Get the specialty skills you can only get from a CISO without hiring additional staff. Use IGI’s security talent to manage your security policies and standards on an ongoing basis, or for a special project or transition period.
Leveraging IGI’s own vulnerability management solution—Nodeware—our consultants will perform a thorough review of your organization’s vulnerabilities and present a detailed report, demonstrating areas of weaknesses and recommendations to heighten your security posture.
IGI will customize a security awareness program that meets the specific requirements of your business, industry and location. Our consultants cover a wide variety of subject areas including how to identify phishing emails, raising security awareness, and much more.
Our team will conduct in-depth testing of your network infrastructure to identify any potential weaknesses that could be utilized by attackers to infiltrate your network. We offer a wide range of tests, including Internal Pen Testing, External Pen Testing, and OWASP Web Application Scanning.
IGI will ensure your IT governance and compliance is in check with a wide range of audit services for a variety of industry standards and regulations, including: Education, Finance, Health Services, Retail, Construction, Utilities, Insurance, Manufacturing, Real Estate, and Security.
Our team will provide a comprehensive risk management assessment of your organization to identify potential risks in all areas, then present a variety of options to mitigate those risks and expand your security posture with a complete security program.
IGI’s team has built an effective process for responding to cyber incidents quickly to reduce the impact to your business. We immediately detect and analyze the incident, work to contain, eradicate and recover; set up post-incident protection and continuously monitor the situation.
Cybersecurity challenges mostly stem from a lack of people, lack of budget, or a lack of process. Enter IGI’s MDR program—a unique program marries technology with skilled human analysis to ensure complete management of your entire cybersecurity lifecycle.
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