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Yeah, so we have an angel investor, and then insiders buying shares on the open market....I expect we will see more form 3s and 4s in the coming days.
Nice find, looks like they are executing the rollout of the new platform
Yes the County Executives deal is huge and a breakthrough for this small company. It will put them on the map imo.
IGEN now #2 on breakout boards
6 weeks is an eternity on the OTC. Many will undoubtedly exit to chase other plays.
The dividend could be in shares
Exactly. This isn't some non-responsive delinquent dark/defunct company hovering endlessly in the trips. This is an active reporting QB stock that has major and recent projects in the works, not LOIs, signed multiple year deals. They probably need financing for the huge County Executives launch. Dilution is not always a bad thing if it is for the purpose of growing the company. The board, which has skin in the game, would not have approved it if it was for anything but.
New monthly progress report on the CSE website.
Some highlights:
Report on Business
1. Provide a general overview and discussion of the development of the Issuer’s
business and operations over the previous month.
Delays in our accounting and auditing process as the result of the corona virus has
required an extension of the 10K filing date to May 15, 2020
WBC Sprint’s Master Agent along with Sprint’s SMB have qualified 4-6 major
automotive dealerships across the US assessing inventory management and profit
centre opportunities with the Nimbo Tracking platform
Discussions to appoint major credit union service provider delayed but proceeding
with a 30-day target to close.
2. General overview and discussion of the activities of management.
Appointment of Robert Friedman to the Board of Directors – see 8K filing
3. Details of any new products or services offered.
• V2 Beta testing and commercial cut-over expected to be completed by April
2020
• Launch plan with video tutorials ready to be released to the County
Executives of America
9. New developments or effects on intangible products such as brand names,
circulation lists, copyrights, franchises, licenses, patents, software, subscription
lists and trade-marks.
Patent assignment of “Digital Telematics Signature” completed
17. Discuss any trends which are likely to impact the Issuer including trends in the
Issuer’s market(s) or political/regulatory trends.
Corona Virus has had material impact on immediate sales but has also created
new opportunities with both consumer and commercial segments for the business
over the medium term – the heightened need to better manage mobile assets and
their drivers during and after a crisis
https://www.thecse.com/en/listings/technology/igen-networks-corp?field_publication_type_tid=4&page=1
Yeah maybe Friedman doubling down:)
Pretty big purchase, $35,000 USD
Robert Friedman is a transactional attorney and real estate mogul in NYC. Here are 2 of the properties he owns.
https://thelaranyc.com/#team
He is also building a theme park in florida.
The 25 million shares he purchased was at a price of .005.
Is he a good guy to have on your BOD? I would say so.
More DD: Be sure to check out the CSE site for some good info not available on OTCmarkets. Remember they are dual listed. The monthly progress reports are nice.
So according to the CSE filing. Robert Friedman's 25 million share purchase was for 'restricted' common shares. The purchase price was .005 and amount of the purchase was $125,000 dollars. Obviously Mr Friedman believes in the company.
https://www.thecse.com/en/listings/technology/igen-networks-corp
Yeah it was pretty wild. Held on too long but still made a good profit. One difference is the OS here is much smaller.
Reminds me alot of VY$T when it ran to .15 cents. Chart pattern and volume pattern very very similar. Not to mention the insider buying...
I thought it would drop further tbh. It held up well considering and there was plenty of buying today.
Lol. Plenty of those to keep you occupied, but I agree it's kind of fun ;)
Probably the upper part of that range I don't think that size was available when it dipped below .001
The plot thickens...
Yes the contract with WBC in December and then the partnership with County Executives earlier this month, this company is making moves.
The share structure will be updated on 4/2 by the transfer agent, unless the company specifically instructs them NOT to, which would be a bad sign.
Where did you hear this? Did you contact the company?
The partnership with County Executives of America sounds pretty huge, and it was just signed this month.
"This exclusive partnership with the County Executives of America represents an opportunity for IGEN to offer fleet management solutions for an estimated 350,000 assets utilized across 700 Counties in the USA," said Neil G Chan, CEO of IGEN Networks Corp. The diversity of these assets along with the self-insurance of these assets creates an excellent fit with the capabilities of the Medallion GPS PRO Platform.
I'm assuming an asset represents a single vehicle, so if the Medallion GPS system were installed in 350,000 vehicles...each unit retails about $120 each and then the monthly service is $9.99 a month.....that would be about 42 million in revenue for the units alone, and then 3.5 million recurring revenue every month for the service.....I'm sure they would get a discount from retail but you get the idea, it's a lot of potential revenue.
County Executives of America works with governments, from local all the way up to the federal government, so this is really like a government contract it seems. All IMO
Looks like they are headed in the right direction. I just don't get why the SP has fallen so much
Seriously doubt the OS is still 94 million since almost 80 million shares traded just yesterday.
Question still remains, why file multiple years of audited financials all at once if not preparing for a substantive material event? Maybe they are waiting for markets to calm down more before releasing some big PRs.
What about the new website that just went live?
Did it show the date for when it was uploaded?
That's what it appears to be but maybe I'm wrong. It's an interesting find. Maybe it was uploaded for some reason other than just storage or a backup. Hopefully I am wrong!
Serpentcoin limited is a subsidiary of UNEQ
https://www.marketwatch.com/press-release/networknewsbreaks---uneeqo-inc-uneq-leverages-game-changing-technology-in-design-of-serpentcoin-2018-05-11
This is just a document stored on Amazon's cloud service, no connection to amazon directly, sorry to say. It is the articles of incorporation for the subsidiary serpentcoin in 2018.
Why is the AS 20 billion?
Are they? I would like to hear something from the company directly as to how seaport meat is adjusting.
Extremely professional and proactive message! The big box stores and large grocery chains could take a cue from our little San Diego farmers outlet.
Seems like the OTC is starting to come out of its slump. Many stocks, unrelated to corona virus plays, that have been in limbo, saw some good action today, hopefully this continues!
I don't care, as long as he fills CLWDs coffers this year.
And why not? Brad Parscales was an unknown web designer before the 2016 election. I would say he had a pretty big impact on Trumps successful election.
Nice compilation. I was going to ask that you sticky something directly related to the Seaport Meat acquisition, because it is freaking HUGE :) and this post covers it, thanks.
One thing is for sure the election will not be cancelled and neither will campaign spending. Trump will fight hard and spend lots and lots of money on his campaign because he knows, or should know, that this is not a shoe-in. Recession fears always spells trouble for an incumbent President and if things get worse, Trump could be in trouble. Either way, I believe huge $$$$$ will be spent on digital advertising this year and CLWD will see a good chunk of that.