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THEY ARE HINTING AT NASDAQ UPLISTING
From the recent report:
Another tweet - showing IGI competitive differentiation
When our channel partners follow this path—truly partnering with our team throughout the process to meet their clients' needs—it results in much higher success rate. Learn our tried and true partner process with our latest infographic: https://t.co/haSkIyFBFN pic.twitter.com/rYkpTXfJ8B
— IGI Cybersecurity (@IGIcyber) May 28, 2021
New tweet out - hiring another Virtual CISO
Join our team as a Virtual CISO and work alongside a highly-skilled cybersecurity team to help to solve business-critical problems. Learn more or apply today! #NowHiring https://t.co/m28jZ29jOD pic.twitter.com/qLLQKSGPTt
— IGI Cybersecurity (@IGIcyber) May 25, 2021
Tweet out
Are you a Cybersecurity Consultant or vCISO looking for a new adventure? Join a highly-skilled and dynamic team to help solve #cybersecurity problems for clients in industries like manufacturing, energy, and healthcare. Learn more or apply today! https://t.co/QP4B638m9k pic.twitter.com/krM3xa4Ckn
— IGI Cybersecurity (@IGIcyber) May 20, 2021
I agree Cat. Nice DD work you have done. This stock is not being pumped at all either. It will eventually run.
Indeed...consider the following though, there's no dilution, insiders/management collectively holds 43%, and long-term 5%+ investors collectively hold another 37%, so the true tradeable float here is actually under 5M shares.
And then there are likely many sub-5% longs, holding 100K share blocks for example, so it makes sense that there are barely any shares available to purchase.
Problem is right now there is low exposure/following on this stock, and so the low volume deters swing traders from buying in - they're waiting for 'FOMO' and hype to set in. From a long-term perspective though, I like this whole situation because once that volume and awareness sets in, this could move insanely quickly.
Crazy how little volume here...
IGI Moves to OTCQB Venture Markets
Press Release | 06/02/2021
The growing cybersecurity services and software company announces it is up-listing to The Venture Market
PITTSFORD, NY / ACCESSWIRE / June 2, 2021 / Infinite Group, Inc. (IGI) (OTCQB:IMCI) today announced that the company is moving from the OTC Pink Sheets to OTCQB, also called "The Venture Market."
IGI joins the OTCQB market, considered by the Securities and Exchange Commission (SEC) as an "established public market" for the purpose of determining the public market price when registering securities for resale with the SEC. The majority of broker dealers trade stocks on the OTCQB, and companies that ascend to the OTCQB tier often see improved liquidity and awareness at this new tier.
"As a company we are focused on continuing to develop and market cybersecurity solutions that address critical security needs and fill technology gaps for businesses," said Andrew Hoyen, President and COO. "Moving to this higher tier in the market is a key step in our long-term plan and we believe a strong indicator of where this company is going."
IGI recently went through a rebranding initiative to IGI Cybersecurity in Q1 2021, solidifying their position as a legacy services provider in the cybersecurity field. IGI Cybersecurity's mission is to create a more effective, more resilient cyber defense for businesses with comprehensive, people-driven cybersecurity. IGI Cybersecurity has established business partnerships with Telarus, SYNNEX, and Staples, offering its full suite of cybersecurity services through MSPs, VARs, and Agents in those sales channels.
The company's services portfolio has grown significantly over the past two years, focusing on the core areas of Virtual CISO, Penetration Testing, Incident Response, and Cybersecurity Assessments.
IGI is also the creator of the patented Nodeware® Vulnerability Management Solution, its proprietary SaaS solution that was developed by IGI's own cybersecurity practitioners to provide complete network visibility and monitoring to help businesses lower their risk of a cyber attack.
Learn more about the company and its offerings at IGIcybersecurity.com or by emailing IR@igius.com.
Safe Harbor Statement
This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: the ability of our products and services to detect and prevent cybersecurity threats, our ability to maintain our listing on the OTCQB Market, our ability to maintain and expand our business partnerships, adverse economic conditions, competition, federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks, including those discussed under the heading "Risk Factors" in our Annual Reports and Quarterly Reports filed with the Securities and Exchange Commission. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Readers are advised to review our filings with the Securities and Exchange Commission that can be accessed over the Internet at the SEC's website located at http://www.sec.gov, as well as IMCI's website located at http://www.igicybersecurity.com.
About IGI
Headquartered in Rochester, NY with a remote workforce spanning across the United States, IGI Cybersecurity delivers people-driven cybersecurity for personalized, resilient cyber defense focused on individualized business strategy, enterprise-wide expertise and unshakeable partnership. We are The Cybersecurity People™.
IGI is also the OEM of the Nodeware® vulnerability management solution, an award-winning SaaS platform that continuously scans networks to identify critical vulnerabilities. Learn more at igicybersecurity.com and nodeware.com.
About OTC Markets Group
OTC Markets Group is an American financial market providing price and liquidity information for almost 10,000 over-the-counter securities. It is headquartered in New York City. OTC-traded securities are organized into three markets: OTCQX, OTCQB and Pink.
Media Contact:
Megan Brandow, Director of Marketing
mbrandow@igius.com
(585) 727-0983
SOURCE: Infinite Group, Inc.
Made great stair-stepping consolidation lows at .16, now slowly moving back up.
IMCI strong like bull :)
Lmfao. Watch and learn....
Although you could also just pull up the 1, 2, or 3 year charts to see that us trending back up from recent .15 lows just solidified long term bullish pattern. The chart could *not* be stronger. Although I was glad to add some more shares at .16 yesterday, at a valuation of just over HALF revenues lol
This will be 1$ before year end imo
This guy is our Vice President Sales/Marketing at IMCI:
https://www.linkedin.com/in/chadwalter/
https://twitter.com/cfwalter
So undervalued here imo
IMCI stepping up social media and news exposure, check out some latest stuff:
Cybersecurity interview
Cybersecurity interview
Cybersecurity blog article #3
Local news interview about colonial pipeline attack
Higher highs, higher lows. It's literally at 20, near highs. Couple months ago was at 10.
In any case, exposure is too low now for this to mean much. I am looking for volume to increase along with uplist + acquisitions, taking this to dollars.
With attack today the cybersec environment will keep getting more favorable to service providers like IGI:
https://www.nytimes.com/2021/05/09/us/politics/biden-cyberattack-response.html
https://www.washingtonpost.com/politics/2021/05/10/cybersecurity-202-biden-new-cisa-director-will-confront-host-complex-challenges/
Keeps developing IP, now reaching MacOS customers. Growth is obvious, undervalued at .21
My price target is 2$, aka 8x trailing revenues. For a growing cybersec company, that’s a fair multiple. Bring on the 10-bagger
They really need to do something about the exposure. 200 share buy just moved this up over 30%. Goldman, LaunchPad, hellooo, wtf are you doing to promote this undervalued company?
8k filed - company just paid off some more debt early.
Debt getting consistently lowered early, zero dilution, micro float, 7.2M existing revenues, clearly growing by all the hiring of cybersec pros they’re doing, acquisitions and uplist coming in a matter of months....this is a gem lmao. I could see this one going to 5$+. That would still be under 150M market cap actually
Hiring hiring hiring...this company is growing....just have to wait for awareness to grow. Another 3 cybersec professionals added since last announcement. Why aren’t we over 1$?
New 52 week high made today briefly @32 cents...now if only idiots would stop tapping the bid for a couple 1000$ when it's CLEARLY building pressure...jeez....
This is such a powder keg....drop the uplist, drop the acquisitions, we’ll be at 2$ in a flash!
Touched 30 cents 3 times today, IMCI continues to trade very solid. Almost 1/3 of the way to 1$ milestone
New 52 week high made at .30 today
Even if it retraces to lower 20s short-term though, this chart is one of the most beautiful I've ever seen and is WILDLY strong. Chart absolutely supports run to multi-dollars this year, fundamentals support multi-dollar valuation - all we need is CATALYSTS and EXPOSURE to get it started.
If I were IMCI I would release the kraken now or next week, the stock is PRIMED. Uplist, acquisitions, growth news, let's get it done!
Just from the chart we will need some type of big catalyst or development to break through .28 resistance, but afterwards it's absolute blue skies...but it's still great to see momentum building and constantly re-testing that .28 mark. I'm hoping we see an acquisition and uplist this quarter (Q2), as company discussed, if we get both I'm optimistic about 1$
Come on IGI, release the kraken....uplist, acquisitions, something, she wants to run!
Looks more like stable long-term (and short-term) uptrend to me...we are sitting at .23 after bouncing off higher lows.
Moreover I believe some groups/individuals may be messing around with this one to accumulate shares
Check where it goes in next 3, 6, 12 months...monster IMO
Broke through SMA50..
Falling!
IMO
Another huge positive point from the filings - which also explains why volume is so thin - is that if you add up the insider ownership and 5+% long-term investor ownership, the total is just above 22M shares, or 76% of the shares outstanding, with the majority of that being in the hands of the 5+% holders.
So based on this most recent filing, the true 'float' or shares available to traders here would be 7,046,385 shares.
This thing is intending to uplist and start M&A activity in a matter of months - with a float that microscopic, any institutions or large players may basically drive the price as high as they want.
Another important point - they are already reporting net profitability. And that is WITH all the extra expenses of being fully reporting, audited, compliant, etc. All those investments in legal, public side of things, and audits are going to pay off by making it much easier for them to acquire private cybersecurity companies, which they have said they will be doing throughout 2021-2022. At this stage those fees are large relative to revenue and do weigh down profitability - but they will be much less significant as they scale, AND they will help to permit that scale.
All in all I'm very happy with this report. I wouldn't be surprised to see this sitting well over 5$ by the end of 2022. As it stands today, a fully audited, profitable, and growing cybersec company shouldn't trade anywhere under 5x revenues, which would be 1.24$ here. So as far as I am concerned this thing has a fair value of 1.24$ per share as of TODAY.
Also another thing which I was glad to confirm in the filings is that this company has 60 - SIXTY - employees. That is just great and further confirmation that this is a legit, active, wildly undervalued company.
The annual report is great...it confirms everything they projected for 2020. In fact they projected exactly 7.2M, which is what they delivered. The major developments are slated for 2021 - acquisition(s), uplist, Nodeware growth...
Although the 10K shows improvement over last year, it still looks pretty skimpy to me. It looks like they have a long ways to go before they will be very profitable. Hopefully that can improve over the next 9 mos.
This company is constantly hiring for 6-figure, skilled positions. They are obviously growing, should be over 1$ PPS minimum
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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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