Ingen Technologies Inc (IGNT)

[dswitz]

What's s/s again?

[betterdaze]

13 million volume!

[newstd]

news out

[newstd]

very low S/S here

[Meatball40]

Looks like sand daddy needs a new pair of shoes.

[mythical_phenix]

Nother couple a months, nother 66 million or so shares issued...

Share Structure
Market Value1 $523,477 a/o Mar 17, 2014
Shares Outstanding 581,640,801 a/o Mar 15, 2014
Float 525,286,922 a/o Mar 15, 2014
Authorized Shares 8,000,000,000 a/o Aug 28, 2013
Par Value No Par Value

[Meatball40]

You keep right on promoting yourself there, Scott!

[imshredin2]

They will sell you all the worthless shares your are willing to buy so "LOAD UP"!!!Here is a good idea..invest in a pink sheet company run by a convict.

[betterdaze]

Just hope I can buy some more at this price.

[Meatball40]

Just about time for Scott to come out with yet another one of his amazing press releases.

[betterdaze]

Ok, whatever. They have a great product and once the air clears I believe they will have a profitable future. Check back in a few months and see if I'm wrong.

[Meatball40]

Wait I know where it's been known to run, straight to the basement!

[Meatball40]

Been known to run where?

[betterdaze]

Say what you will but they have a good product in Oxyview and this stocks been known to run.

[jjj373]

Let's see. $2.5M = roughly 2.8 Billion shares of IGNT at today's pps of .0009! Since hedge funds get the shares at a discount, the actual number will be much higher. Good Luck!

[dswitz]

Will Do! :)

[jjj373]

dswitz Load up and let us know how that works out for you. Good Luck and tia. ps IGNT has a SORDID history but you should find that out soon enough.

[Meatball40]

No worries, Scott and Gary are always willing to blow smoke up your skirt. The problem is none of it materializes.

[dswitz]

starting to see some movement in IGNT. Hopefully it keeps moving up. We need some more good news!

-D-

[Meatball40]

I wonder if one day we'll see this whole scam play out on CNBC's greatest scam's? The scoundrel of Riverside, always looking for that angle that kept him in the money and his life style going.

[stockmasterflash]

What are the odds

that a NON REPORTING scam company whose former CEO and CURRENT largest shareholder went to prison for bribing an FBI agent to buy IGNT stock will actually use $150,000 to become a fully SEC reporting company???? ROTFL

http://www.sec.gov/Archives/edgar/data/861058/000101968714000414/ingen_8k.htm

Item 8.01 Other Events

On January 30, 2014, the Company entered into two separate FUNDING AGREEMENTS, the first agreement jointly with ATMC, Inc. and JSJ Investments, Inc., and the second agreement with JSJ Investments, Inc.

In the first agreement between the Company, ATMC, Inc., and JSJ Investments, Inc.; JSJ has agreed to loan ATMC up to $500,000 to be used specifically as Standby Letters of Credit (“SLC”). Each loan for an SLC will include a promissory note between JSJ and ATMC. This loan amount will be refunded, interest free, to JSJ at any time pursuant to the request of JSJ. ATMC has agreed to equally share in the net proceeds generated through any/all transactions as a result of the SLC, and JSJ has agreed to loan INGEN up to $150,000 from these shared net profits, (in the form of a Convertible Note at 15% interest with Conversion Features of 50% discount), as a part of JSJ’s share of these net proceeds, in full. INGEN agrees to utilize the initial $150,000 to finalize the payment to ATMC under the PURCHASE and AGREEMENT OF ACQUISITION (the "Acquisition") dated April 29, 2013, with ATMC Inc., a Nevada corporation (“ATMC”), and to prepay the legal and auditing expenses to bring current the SEC filings as a fully reporting company.

In the second agreement between the Company and JSJ Investments, Inc.; both parties agree that upon satisfying the final payment under the PURCHASE and AGREEMENT OF ACQUISITION (the "Acquisition") dated April 29, 2013, with ATMC , JSJ will fund up to $2,000,000 to continue funding the SLC’s, Escrow Account or Daily Income and Expense Reimbursements, and exclusively share in the net profits with Ingen (the Georgia Corporation), and its wholly owned subsidiary, ATMC, Inc., generated through increased revenues, up to $2,000,000 through the SLC, Escrow Account or Daily Income and Expense Reimbursements for ATMC. Upon satisfaction of this agreement Ingen will control 100% of the revenues.

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

DATED: February 7, 2014 INGEN TECHNOLOGIES, INC.

By: /s/ David S. Hanson
David S. Hanson
Chief Executive Officer

[stockmasterflash]

IGNT gets a new CEO

And no one gives a crap because everyone knows the guy who owns 60% of the company, and owns the face in the mug shot below, calls the shots here.

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

In connection with the Special Meeting with the Board of Directors of Ingen Technologies, Inc., a Georgia corporation, and pursuant to the majority vote of the Beneficial Shareholder on February 4, 2014 David S. Hanson was appointed to serve as Chief Executive Officer of Ingen Technologies, Inc.

[Meatball40]

Rocco Albaneso is the gentleman who owns the house Scott Sand is renting. So,Scott is paying his rent by giving Rocco company shares and he is converting them and selling them in lieu of payment.

[mythical_phenix]

Albaneso and Maremmano

From the most recent quarterly report:

On October 2, 2013, the Company issued 3,600,000 Preferred Series - A Shares to Rocco Albaneso as part of a contract agreement between Albaneso, Maremmano Corporation and Ingen, whereas Meramanno Corporation would provide consulting services. The stock is issued based on a per share price $0.0016 which shall equal 3,600,000 shares in value of $6,000 PRINCIPAL AMOUNT

I find this *very* curious. So curious, in fact, that if I did't already know what Ingen is about that I would look into it some more.

A Google search for 'Meremmano Corporation' (not Meramanno which is also used above (LOL!)) kicks up an SEC complaint against Spongetech, of all companies, where Moskowitz removed some restrictive legends and sent shares to Meremmano. There is some reference to a Panamanian company of the same name. No easy way to tell if this is related.

A Google search for 'Rocco Albaneso' kicks out an address on Rideout Court in Fontana, CA. Rocco has appeared in Ingen filings before, receiving preferred shares and converting them to common. It was the Rideout Court, though, that caught my eye. Back when Sand was charging Ingen for renting 1200 square feet of his home, I tried to track down the tax records for his house to see what the total square footage was. The form I found had this:

Property Information Assessed Value Information
Parcel Number: 409020039-5
Property Address: 285 E COUNTY LINE RD
CALIMESA CA 92320
Legal Description: Lot 1 PM 222/091 PM 32929
Property Type: SINGLE-FAMILY RESIDENTIAL
Assessment Description: N/A
Year Built 2003
Square Feet: 1198
Bedroom: 3
Bath: 2.0
Pool: N
Lot Size: N/A
Ownership Information
Mail Address: 14282 RIDEOUT CT
City, State Zip: FONTANA CA 92336
Sales Information
Last Recorded Document: 12/2009
Recording Number: 0633181

I just find that very curious indeed.
--

[stockmasterflash]

they did the phony merger once before

with Soma Life. The MLM supplement company that supposedly supplied USA softball with drugs. IGNT even claimed to have brought a couple execs ont the BOD....until they didn't

LOL

IGNT can't scam like it used to. Tom Arnold's no longer hot. (I always pictured Stephen Root)

[jjj373]

Yes - as if it was a done deal - revenue included. Note:

3410 La Sierra Ave Riverside CA is a Postal Annex store. So when they say Suite F 507 in reality it is a PO Box!

They might have stuff stored in a garage or storage unit somewhere but who really knows.

[jjj373]

Yes - as if it was a done deal - revenue included. Note:

3410 La Sierra Ave Riverside CA is a Postal Annex store. So when they say Suite F 507 in reality it is a PO Box!

They might have stuff stored in a garage or storage unit somewhere but who really knows.

[stockmasterflash]

Haven't they been referring to ATMC in PR's

as Ingen's "telecom division"?

[mythical_phenix]

ATMC. Who thought bustlin' Ingen had consumated the ATMC acquisition? I'm a bit naive, so I will admit that I thought it was a done deal. Yet today I read, from the recently filed quarterly report, these two blurbs:

We reported gross sales of $1,866 in the quarter ended November 30, 2013, and a total of $3,576 for the year ending November 30, 2013. The sales in the current quarter were affected by both the economic instability in the medical market (Obama Care), and our focus on the acquisition of ATMC. On January 27, 2014 Ingen has commitments from a lender to provide up to $500,000 in capital to finalize the ATMC acquisition, and expand telecom routes to increase revenues. Although medical revenues are very minimal, the company holds $190,955 in inventory with retail value of $1,854,260

and this:

On April 29, 2013, the Registrant and its Board of Directors, and majority shareholder(s) adopted the PURCHASE and AGREEMENT OF ACQUISITION (the "Acquisition") dated April 29, 2013, with ATMC Inc., a Nevada corporation (“ATMC”). A copy of the PURCHASE and AGREEMENT OF ACQUISITION is filed as Exhibit 2.1 to an 8K filing dated April 30, 2013. Ingen is preparing to finalize the $75,000 payment as a part of this acquisition upon the successful resolution with the matter concerning DTC and removal of the “CHILL” as mentioned below dated September 24, 2013

Now I'm really confused. To actually acquire ATMC, three things have to happen???
1. Get $500,000 in capital
2. Pay $75,000
3. Get that bad CHILL removed.
I wonder what is more difficult, achieving the above three line items or reaching Fity [sic] million in revenue? LOL!
--

[Slojab]

That makes sense.

Because it doesn't really exist

It also makes sense that they may be selling them out of that garage, judging by the sales they're reporting.

[stockmasterflash]

Because it doesn't really exist

they are supposedly selling nasal cannulas manufactured from before Sand went to prison 3 or 4 years ago and were stored in a garage during that time.

[Slojab]

Here's the quarterly.

http://www.otcmarkets.com/financialReportViewer?symbol=IGNT&id=115792

How has this company managed to avoid bankruptcy?

[jjj373]

How does a Memorandum of Understanding [MOU} compare to a Letter of Intent [LOI], not that either really matters when it comes to Ingen.

[jjj373]

"Birds of a feather" comes to mind. Benchmark Advisory Partners and the Pacific Pearl Group (I remember that.) LOL

[mythical_phenix]

It does seem to feel like news flash time, doesn't it? Actually, I'm surprised the 'strong management team' has been unable to file the most recent quarterly report. You'd think a group that fancies themselves potentially AMEX worthy would be able to at least file on time. Seems as if they're mighty close to the big ole STOP sign on PinkSheets.

I noted this from couple of press releases ago, and am eager to see what is spun from it:

More recently, the company is also strongly considering a listing on the American Stock Exchange (AMEX) pursuant to discussions and the evaluation of a Memorandum of Understanding with Benchmark Advisory Partners.

Reminds me of the time a few years ago where Sand declared the company to be worth $28M due to an evaluation from the Pacific Pearl Group. Remember this?

YUCAIPA, Calif., Sept. 8, 2009 (GLOBE NEWSWIRE) -- Ingen Technologies, Inc. (Pink Sheets:IGNT), a leading Medical Device Manufacturer focused in the $8 Billion global Respiratory Markets for the growing ageing population and emerging markets for Home (DME), Hospital and Aviation Industries announced today that the company received an aggregate valuation of as much as $28M from the FINRA licensed Investment Banking firm Pacific Pearl Group.

You just never know what's next with these dudes. LOL!
--

[Meatball40]

I'd say it's just about time for a NEWS FLASH from Scott Sands, I mean Gary Tilden in an effort to bolster up the stock price alittle.

[mythical_phenix]

Because someone buys them? In all fairness we cannot say their only sales are shares as we have not seen the now late quarterly report for the period ending 30 November 2013. Perhaps they had a sale of something. If they did, I'd venture to guess...going out on a limb now... that is a bit less than fity [sic] million as Tilden suggested in a press release dated 21 November 2013:

...and implement a plan to move its operations on to the OTCQB with projected annual earnings of $50M....

[Meatball40]

How can a companies only sales be in selling shares of that bogus company?

[mythical_phenix]

Must be gearin' up to release that financial report as this just appeared on Pink Sheets:

Share Structure
Market Value1 $441,667 a/o Jan 17, 2014
Shares Outstanding 514,740,837 a/o Jan 18, 2014
Float 458,386,922 a/o Jan 18, 2014
Authorized Shares 8,000,000,000 a/o Aug 28, 2013
Par Value No Par Value

[jjj373]

Yes - I believe it was in the PACER document "Amended Judgement"
something like that. Last entry in the docs.

[stockmasterflash]

Pacer would just show court cases

Sand's journey through Bureau of Prisons is elsewhere. I don't know if probation status is searchable

http://www.justice.gov/actioncenter/inmate.html

[jjj373]

SMF I assume that you use PACER? Looks to me like Sands has a few months of probation left. Otherwise - case closed.

[stockmasterflash]

I was referring to the

CHiPS sting that Sand got caught in with him and IGNT charged. I don't know if there is ANOTHER case. The original one was brought in Miami even though the SEC investigation came out of the Los Angeles office. The FBI sting took place in Florida.

[jjj373]

SMF What venue is the SEC case so I can look it up? tia

[stockmasterflash]

Don't disposable medical devices have expiration dates?

Those things were manufactured like 5 years ago and somehow went up in value 10 fold! Do nasal cannulas get better with age?

[mythical_phenix]

Yo, Sand, I mean Tilden, some accounting help here please. I note with some interest in today's press release this statement:

...the current inventory in value of approximately $1.8 Million...

That's a lot of intventory. In fact, when I review the most recent financial report from last quarter, there was only $190,955 in inventory. Oh, and $846 in cash. Let's not forget that. With no signficant funding opportunities announced or disclosed with 8-Ks, I'm curious as to where this inventory came from? Can you tell us?
--

[$tock_Professor]

grabbing some on news

[mythical_phenix]

Yo, Sand, I have my glasses on. I'm eagerly awaiting the next financial update to check on the progress of this statement from the last press release:

...where increased revenues are beginning to become apparent...

Will I be able to notice the increased revenues? Or should I talk to Tilden? After all he was credited with this quote back on 21 November 2013:

"This has been a very good year for Ingen in terms of direction, change and growth. The company has been able to resolve over $2.4M in debts, acquire a new business in the telecom industry with a $25M growth budget, build a better management team and Board of Directors with experience and credentials, work on resolving its issues with DTCC to gain DTC Eligibility, and implement a plan to move its operations on to the OTCQB with projected annual earnings of $50M. Projections for 2014 are very promising, now that the company has implemented the reorganization plan and demonstrated its growth potential this past year. We are focused on increasing the value of this company for our shareholders," stated Gary B. Tilden, Chairman.

Now, quite frankly, I will admit I simply do not understand the meaning of a '$25M growth budget'. WTF is that? Perhaps you could explain it sometime. I do understand the 'projected annual earnings of $50M'. That's pretty clear cut. Are you allowed to make such statements in public? I'm not sure. I thought you needed a reasonable basis for doing so. Maybe I'll see that in the upcoming financials, eh Sand?
--

[Meatball40]

stockmasterflash your last statement is that something new? If so it would be useful if you could provide proof.

[stockmasterflash]

Has an SEC fraud lawsuit against it

More importantly