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The split is shit and absolutely avoidable but not in our ceo's world.
With a lot to dilute up to 2.9 bil. Sure potentially
Avg trades are 95% dilutiv, sorry but we will se at the OS update next week. Don't want to rain the parade but be pissed by this rs.
But the 24 mil trafe was sure a dilution sell
After hour trade?
This behaviour isn't rational any more
That huge avg tade was dilution i would assum
Don't ask for a rationale explanation when he is involved.
That intention is hard to hide when AS remains untouched.
He is well known for his silence and for not delivering.
Good joke although I don´t find it funny. Gallows humour!
And where you got that info from?
Sure, hope we will not get dissapointed
Hope you are right.
That form 7 is a complete non event. Hmmm
No way. Forget about prolog. We will never hear sonething again about that merger. Hope I'm wrong but I doubt it.
Ignore is the best feature here. Try it out with msu and wolf. Enjoy it it works.
Please do not respond to the or better put them on ignore to not even read their nonsense.
If something good is in the works the would be dumb diluting in that region all weel long. So don't hold your breath.
If MM CFGN still on L2 it isn't over.
Irrelevant? They have to dilute more the lower it goes. Wouldn't call that irrelevant.
Too many times heaven was promised and hell was delivered.
And how often we were told something about inventory increase without any effect on revs?
Doesn't feel this way.
Intend to agree. What a shame. They stomped it into ground with a lot of potential. Nothinv left it looks like.
Yes and endless dilution made it possible. Thanks management for nothing.
How far have we come? So much ask buys and not even 1 uptick and that at these dumping prices. Shaking my head.
Whats the bid support amount?
Removing 200 million during dilution phase makes abolutely no sense. If it is meant from the A/S then maybe the merger is off the table now. Who knows
And again a tick down on bid and ask. Oh well after hours trade approaching. If this continues to trade that way within 2 month we will be at 0.0003 if we are lucky. Just an opinion.
I would guess that more than 50% of the dilutiin is flowing into theire salaries. Thats my biggest cincern here. Life in prosperity while the investors are bleeding. Not nice feeling
Dilute to afford the big salaries of abel and chan is also a big issue here especially at the most recent business performance.
Manipulation is fired by the daily dilution we see even at these dumping prices. Dilution is the main issue not manipulation. Sure just in my opinion.
IGEN provides 2022 Year-End Results and 2023 Progress Updates
Lake Elsinore, CA – April 3, 2023 – IGEN Networks Corporation (OTC: IGEN, CSE: IGN), a leading innovator of solutions for the consumer automotive, fleet management, and supply-chain industries, today provides unaudited 2022 fiscal year-end financial results along with progress updates on key initiatives for 2023:
For the year ended December 31, 2022, the Company recognized revenues of $318,016 an 18% increase from the previous year. Expenses for the year ended December 31, 2022, totaled $903,048 a decrease of $2,670,235 or 75%, from total expenses reported for 2021. Excluding stock-based compensation expense to our directors, operational expenses increased by 4% year-on-year. Total deferred revenue balance for year ended December 31,2022 was approximately $291,000 of which $136,000 will contribute to 2023 revenues.
For the year ended December 31, 2022, the Company had a net loss of $907,598 (or ($0.00) per basic and diluted share) compared with a net loss of $3,428,937 (or ($0.00) per basic and diluted share) in 2021. Included in the net loss of $907,598, is $301,360 of other income related to the Company’s gain on settlement of debt recognized in 2022.
For the year ended December 31, 2022, the Company saw a net decrease in cash of $64,429. Cash used in operating activities was $978,056, an increase in cash used of 2% from the $962,960 net cash used in 2021. This was offset by net financings of $543,746 raised via private placements.
During fiscal-year 2022, the Company shifted marketing focus from automotive dealerships to Credit Unions supported by Federal subsidy programs offering higher profit margins along with monthly and annual re-occurring revenues. Following the contract award for fleet management services granted by a major New York State County, the Company expanded its commercial asset management platforms with the integration of Prolog sourced technologies, a world leader in supply-chain and logistics consulting services. In addition to the renewed focus on Credit Unions and Government markets, IGEN filed Patent-Pending 17/850,250 to expand its patent portfolio to approximately 40 patent claims.
Neil G. Chan, CEO of IGEN stated, “For 2023 our priorities and focus will be to leverage our exclusive channel relationships with the Association of Credit Unions Executives of Puerto Rico (ASEC), the County Executives of America, Michigan Credit Union League Service Corporation (MCULSC), and Hyperion Partners, a Master Agent for several wireless carriers in the US. We will also aggressively protect our patents along with a comprehensive review of the insurance industry and all major insurers who are billing their customers through measurement of driver behavior and performance.”
Intellectual Property Portfolio – as we complete our due diligence of the insurance industry and major insurers who are using driver scores as actuarial metrics for billing, protecting IGEN’s patent rights will be the company highest priority in 2023. IGEN’s intellectual property portfolio will focus on normalizing the “big data” elements that influence driving habits along with correcting gross errors in assessing driver performance and driver behavior. Reducing what the insurance industry refers to as “rating-errors” is the single biggest opportunity for insurance companies. With an estimated $8B of annual rating-errors attributed to demographics and historical driver data rather than actual driver data, IGEN technologies and patents will improve the accuracy of measuring driver performance and risk. With close to 40 patent claims as part of Patent No. 11,037,378 and Patent-Pending 17/850,250, IGEN’s patent portfolio defines the “big data” elements essential for accurate measurements, regardless of the data source. Whether originating from mobile phones, third-party GPS devices installed in vehicles or directly from video cameras and sensors integral to electric vehicles (EV), accumulated data from a minimum of 1M access points will contribute to significant improvements in accuracy and measurement of driver performance.
Consumer Product Brand focus for 2023 will market CUTrak and FamilyShield services to Credit Unions and their members through certified organizations representing specific regions across the US – namely the Association of Credit Union Executives of Puerto Rico (ASEC), comprised of approximately 90 Credit Unions and 1M members. In addition, with the successful deployment in the Upper Peninsula region, Michigan Credit Union League Service Corporation (MCULSC) is expected to expand CUTrak services amongst its members that represent approximately 80 Credit Unions located in seven districts. For each Credit Union program participant in 2023, revenue contributions are estimated to range from $48K to $120K annually per branch depending upon the number of car loans granted during the fiscal period.
Commercial Fleets and Asset Management Brands Medallion GPS and Medallion PRO will be sold through our partnership agreements with Hyperion Partners and the County Executives of America (CEA). IGEN’s recent award to provide Fleet Management Services to New York State Counties offers opportunity for Counties and State governments to manage their self-insured vehicles. Initial deployment for the first major County in New York State was completed in late 2022. Subsequent deployments with Counties in New York State are being finalized along with newly enlisted members for 2023. The opportunity base for IGEN Commercial Fleet Services with the CEA is estimated at 12,000 active commercial vehicles with a target market share of 30% for fiscal year 2023.
Until end of day when they do not file NT 10K
I see
As said, you can have them to remove the restriction. You have them to so as if not you will never be able to sell. I have the same broker and therefore I know it as Ibalso was restricted. It's a matrer of affiliation issue.
One gets restricted due to affiliation suspect when you havea specific amount of shares.
The restiction includes buyng and selling
Same with me since a long time. You can request the lifting of the restriction for a 2 wekk period. then you´ll be restricted again.