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I am skeptical, but I hope you are right that Chan has something up his sleeve
And, why eliminate of all your debt if you are going bankrupt?
Probably, but why hire a new accountant? Why file the form 15? Why not just close the doors? Strange indeed …
Chan is still the largest shareholder with ~117M. I am assuming he is still holding. I can’t imagine he wants to lose that investment, but I have been wrong on this stock for years
Maybe, but shareholders haven’t been informed or cashed out. Also, if it were going private via merger, the acquiring company would have filed the form 15 vs Chan completing/submitting it…just the research I have done, but I am no expert so could be off base…hoping something going on behind the scenes
Doesn’t look great, but not over yet; just went dark. Hoping he has a buyer or some other plan because if he wanted to continue a scam, he had other options…and he still owns 117M shares, I assume…who knows what is going on though
I just filed a complaint with the SEC against IGEN. I have emails from Chan himself. All the people that were plugging this scam from the beginning on social media, that whole investment group was mentioned. Nothing may come of it, but maybe they will start watching
It’s not done yet. Esp with the 3 stooges on here bad mouthing it again lol smh
What strikes me as odd, is that someone/fund sold $0.50 worth of shares to bring it down today…It has to be a fund b/c retail cannot do that
Someone dropped IGEN by selling $0.04 worth of shares lol smh. It’s not retail b/c we get hit by brokerages for making uneconomical trades. Then, why would a fund waste their time doing this? #bullish
That big volume day from last week wasn’t dilution. Share count unchanged…hmmm
They can still dilute ~250M more shares so I wouldn’t be getting excited just yet…we’ve seen this before
Trades worth $2.54 brought this back down to .0002 They are still playing games. I wonder why?
I just read an article that stated foreign default judgements are rarely recognized on Brazil as the SCJ often rules them as an attack on their sovereignty. That doesn’t mean this one won’t, but….
2024
Absolutely…I like to think market cap. Once we get some contracts and definitive merger with Prolog is signed, with 350M shares…I wonder how high we could go? Chan also said protecting patents would be #1 on the list of 2023 priorities. Chan seems methodical and doesn’t strike me as someone who is going to lose. Anything can happen here… place your bets :)
That’s what I am thinking based on Chan’s most recent moves. Granted, I am hoping we get some news pre-split to get us off ground level…who knows though
Nobody knows. Chan said he is going to dilute to restructure/pay off debt for 3-4 months at the beginning of Sept. He won’t RS until the share count reaches 3.5B imo…mid-Nov or December is my guess
Once the split occurs, we will be at least .001 w/350M float…
Yep. We aren’t going to see the RS until the 3.5B shares are all diluted so we still have ~500M more to go…late Nov/Dec earliest imho. I am thinking we moon in 2024
Chan said 3-4 months at the beginning of September which may be some time next month. I wouldn’t expect anything sooner. They are also diluting roughly 100M shares per week and have ~400M more to go to hit their share ceiling…puts us at about 4 weeks from now as well. The shares Chan & co bought last March are locked until November 4th as wel…
Anyone know why copies were sent to Ron S McIntyre? Found the below information:
On April 3, 2018, the Board of Directors of Spindle, Inc. (the “Company”) elected Ronald S. McIntyre to be a Director and to be Chairman of the Audit Committee replacing John Devlin.
Ronald McIntyre has extensive management experience with technology companies and start-ups in the United States and Canada.
From 2009 to the Present, Mr. McIntyre has worked as an SEC compliance consultant providing securities law services to private and public companies including writing Registration Statements, writing Form 10-Qs, Form 10-Ks, Form 8-Ks as well as services related to mergers and acquisitions.
Mr. McIntyre was President and Director of Vocalscape Networks, Inc. from 2004 through 2008, severed as a director of Nevstar Precious Metals, Inc. (NVPM), and is Secretary of SPARC Asia Ltd.
Mr. McIntyre also served as Vice President, Sales & Marketing, Director of IT, and COO for Aimtronics Corporation. During his tenure, he had direct responsibility for increasing revenues to Cdn $57 million in 1999, $105 million in 2000, and $154 million for 2001, and managing 250,000 square feet of manufacturing operations in two countries with more than 1100 employees.
On March 19, 1998, as President of Visionary Solutions (VSI:ASE), Mr. McIntyre signed merger documents for an Agresso (UNI:Oslo) takeover bid. Visionary Solutions markets and delivers Agresso business software to growth-oriented companies in the mid-tiered markets (US $25 million - $1,000 million in annual sales). Agresso is world class business software with more than 20 modules that include core financial, logistics, purchasing, project costing billing, payroll and human resources. On March 19, 1998, merger documents were signed for an Agresso take-over bid.
Mr. McIntyre also served on the Board of Directors of Richmond Software (The Maximizer) until the company’s merger with Modatech (NASDAQ). In 1989, he joined Consumers Software Inc. as Director of Sales & Marketing and was instrumental in increasing software sales by more than 500% until the company was acquired by Microsoft on April 8, 1991.
Chan told us he was going to dilute away the debt. Then, he is going to complete a r/s and merge with Prolog. That is why 2024 will be BIG. None of this dilution is a surprise. I support it; let’s clean the balance sheet.
I can wait. You should probably sell
Don’t listen to the clowns on this board…just sit tight and wait for action from corporate
Looking forward to 2024
The day to day is nonsense. We aren’t going up until dilution is over…late 2023 or early 2024
At this rate, we should be through that additional billion by the end of next week
Assuming CEA and ASEC deals still occurring as well, makes for a positive future outlook
Interesting...maybe opens a market for IGEN https://jalopnik.com/auto-insurance-companies-are-refusing-to-cover-drivers-1850766840
Yeah, strange. But why? Why also did they buy 84M shares in May, knowing they were going to split? Do Directors like to lose money? The recent form 7 alluded to increased sales. I am betting something big comes after the split…only way it makes sense imo. If bloggers don’t think so, why are they holding? And if they aren’t, why would they continue to come here an post negative comments?
Overview
During the six-month period ended June 30, 2023, the Company dissolved its subsidiary Nimbo Tracking, LLC. In the same period the Company completed its integration of commercial fleet and asset management platforms. In conjunction with its technology partner Prolog, the Company developed and launched three (Inventory, Maintenance, Fleet Management) industry-leading solutions for Counties, State Governments, and Supply-chain organizations. Upon completion of the first deployments to New York State Counties, the Company will leverage its County Executives of America (“CEA”) endorsement to secure additional deployments across the CEA membership. In addition, the Company’s partnership agreements with certified Credit Union organizations, namely the Association of Credit Union Executives of Puerto Rico (“ASEC”) and Michigan Credit Union League Service Corporation (“MCULSC”) have completed their initial deployment in preparation for larger-scale deployments within their respective regions. Both ASEC and MCULSC represent approximately 170 Credit Unions with over 2M active members. The Company has also completed its first phase of due diligence for protecting its patent rights against insurers using driver scores as actuarial metrics for customer billing.
Not reading too much into it. Maybe that is how we initially got the framework for the tech and built upon it. We have the US patent for it which seems pretty valuable. It seems like Prolog has some big connections down there which is welcomed assuming the acquisition goes through; don’t see why it wouldn’t. Keep in mind Chan and the board members have doubled their holdings. I noticed that Mark Wells owns over 5M shares now as well. We also have some shining reviews from Albany so we should be getting more CEA sales yada yada yada
I bet that OEM auto manufacturer in Mexico we have had several meetings with is Ford
16 November 2015 - US-based Igen Networks Corp (OTCQB: IGEN) (CSE: IGN) has signed a non-binding memorandum of understanding to acquire Webtrack S.A. de C.V. a Mexican private corporation that provides end-to-end GPS-based vehicle telematics and analytics services in Mexico, Igen said.
The parties have agreed to a purchase price of USD 5m and to proceed toward completion of a definitive agreement subject to due diligence.
Founded in 2008, Webtrack serves both the consumer automotive and commercial fleet industry in Mexico supporting over 15,000 mobile assets and 300 customers that include The AXA Group, GNP Seguros, Autofin MA(c)xico, Ford, Ford Credit, and Lincoln.
Webtrack, an early pioneer of telematics and stolen vehicle recovery in Mexico, has developed sophisticated analytics tools for analyzing and reporting driver behaviour, and has provided solutions for several large insurance companies in the country. Through its partner company Prolog S.A. de C.V., Webtrack is a Ford Motor Co Tier 1 supplier.
Igen Networks invests in and manages companies that offer cloud-based services through Machine-to-Machine device technologies for the protection and management of mobile assets and commercial fleets.
We traded 18.6M shares so far today and the price hasn’t budged…Hmmmmm