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I hope I'm wrong. Would love to be wrong on this.
Yeah. I read that yesterday, too. Sounds great. My time & sales is saying something totally different. I have learned a valuable truth over my years at IHUB: People post lies all the time. It's true with anything where money is involved. I'm thinking now that that post was just a lie. Most of the money that's gonna be made here is by the CEO with his magic share printing machine.
Yes. I didn't think so yesterday, read OTC.com shares structure. This could have been .003 by now with just half of the dilution they are doing. Next month's update will be very telling. I hope to be out way before then, but probably get trapped in this POS.
Raise the bid and I will. If it's not flippers, it's dilution on this. All .OO1s on time and sales and the ask grows, while no .0009s and the bid shrinks? That's dilution 101. What a scam.
Now, here's the part where we should stay in as "longterm investors" for the big move next month, while the ones saying it are flipping, and while the company is diluting. I will be selling soon. What a joke.
It's going nowhere with all these flippers. Looks like Cockroaches running all over the time & sales.
It won't be long big buyers will be here.
Okay, got filled at .001 1.9 mil.
Well, whatever is going on, .0010s not filling here for over an hour.
Shares Out 1,247,109,316 09/29/2020
That's not a big OS for a 000.
Still in here as well.
Airvana was founded in 2000 by Motorola executives Sanjeev Verma and Vedat Eyuboglu. The company went public in July 2007 on the NASDAQ: AIRV[1] and was taken private in 2009 for $530M[2] by management and private equity investors. In 2013, Ericssson Inc acquired Airvana's 3G EVDO business and in 2015 CommScope acquired Airvana's Femtocell Business .[3] Airvana's 3G CDMA2000 EVDO infrastructure business was ranked #2 in worldwide marketshare and in 2011 it's Femtocell business was ranked #1 in worldwide marketshare.
I stand corrected 530 mil, not 500. Google it.
Board of Directors
NEIL G. CHAN, CHIEF EXECUTIVE OFFICER
Mr. Chan is a career technologist who has pioneered the early adoption of disruptive technologies in more than 45 countries over the last 30 years. From start-up to $400M in annual revenues, Mr Chan has led and created the best-in-class sales, marketing, and service organizations during the development of wireless data infrastructure, mobile content, Software-as-a-Service for commercial fleets, and HFC broadband infrastructure. Mr Chan led the first technology transfer initiative between Canada and Mainland China on behalf of Spar Aerospace and Gandalf Technologies Inc., during the mid-1980s along with training, product marketing and sales responsibilities for growing Gandalf’s export markets; shortly after Mr Chan was recruited to Motorola Inc., to lead the product marketing of the industry’s first mobile data solutions for public safety, taxi, utility, and field service markets. Mr Chan led Motorola’s initiative to expand into public data networks throughout the Asia Pacific region during the 1990s and subsequently was promoted to Managing Director to lead the expansion of HFC data and voice broadband networks throughout the region.
In the spring of 2000, Mr Chan joined Airvana Inc., to lead business development for the early adoption of CDMA-based broadband wireless networks which today continue to serve millions of users throughout North America and Latin America. Most recently, Mr Chan led worldwide sales and marketing of fleet management services for WebTech Wireless Inc., which contributed five years of record growth and industry leadership across government and transportation markets. Mr Chan has served on the Executive Review Board of Royal Roads University and continues to mentor and support early stage technology companies.
Chan's last company sold for 500 million. Read the stickies. This CEO is for real. That's why we don't have pump news and already be back at .0001 with tens of billions being diluted. Small S-1 offering to add working capital so the company can build more product to sell. Revenues coming early 2021.
There are many others waiting to add as well with large
blocks. When this goes, it will jump fast.
Nice volume boost today. I am patiently watching. Only got a million right now. Gonna add 20 million more when I see more volume and the ask shrinking.
Nice day, held up well. .0075 bottom for now.
I am looking to load the boat between now and Halloween. Loading up for the Holidays.
Big revenues coming when this hits direct to consumer. No middle man there. IGEN gets all profits. Then the Michigan contract and the subcriptions kick in.
Yes, me too. We get through Halloween, then it's holiday season. We are just four or five weeks away.
I had to buy .0002s, haven't gotten any .0001s filled yet.
Lol. I see the same debate raging here. Still got my shares, and looking to add when I see some signifacant volume coming in.
IGEN upticks. If we can close green today, will make the daily chart look great for a couple-day run next week.
That's coming soon. Things in the works since spring and before are now coming to fruition. One PR with anything postive will bring the buyers. That being said, and I could be wrong, but I think we get a lull in PRs and information for two weeks until the CSE since we just got the update today. From November on, we should get a barriage of PRs updating all the things that were scheduled for then.
IGEN .10 by February with lots of spikes and sell offs in between, but I think we are close to botton here. For those that watched the price action this morning at open, just think what it can do when news with the $ amounts of these revenues from the Michigan deals comes out. It's coming in December. It's a done deal.
I think we run hard next week. Just my opinion, but I just added 120,000 @.0099. Thinking of the timeline going forward. We might have a lull before the CSE (I don't think so) at the worse case, then we looking at the holidays, a lot going on. Plus, it's just time for this S-1 to start moving this. People got it all wrong. The S-1 is more like an IPO than just plain dilution. This will give IGEN the money it needs to move forward with its revenue-generating already-done deals. We got four weeks max until total liftoff here, and that's if we get no PRs, which I think we do. (Not to mention the CSE.) Good to be an IGEN shareholder. Cheers.
That S-1 hasn't even started yet, still getting the proper papework into place, and when it does, it will be over a three-year period:
"The draw from the Equity-Line will be at the sole discretion of IGEN's Board of Directors per the terms outlined in the Prospectus filed on September 24, 2020.
CEO Neil G. Chan stated, "This Equity-Line was structured with favorable terms for IGEN, with sole discretion on timing and share price. It's the least dilutive and most flexible mechanism for raising capital over the long-term."
This is a thing of beauty. Chan comes through!
IGEN Secures Long-Term Equity Financing along with CEO Update on Key Initiatives
September 25 2020 - 06:00AM
InvestorsHub NewsWire
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Lake Elsinore, CA -- September 25, 2020 -- InvestorsHub NewsWire -- IGEN Networks Corporation (OTCQB: IGEN, CSE: IGN), a leading innovator of cloud-based and Internet of Things (IoT) automotive solutions for the protection and management of mobile assets, today announced the successful completion of S1 registration of common shares and Notice of Effectiveness received from the SEC as of September 23, 2020. Completion of these milestones puts in effect an Equity-Line for up to $2,500,000 accessible for IGEN capital needs during the next three years with Crown Bridge Partners, LLC, a New York limited liability company and J.H.Darbie and Company Inc., as the Placement Agent and Investment Bank. The draw from the Equity-Line will be at the sole discretion of IGEN's Board of Directors per the terms outlined in the Prospectus filed on September 24, 2020.
CEO Neil G. Chan stated, "This Equity-Line was structured with favorable terms for IGEN, with sole discretion on timing and share price. It's the least dilutive and most flexible mechanism for raising capital over the long-term. We are now well capitalized to fund our key initiatives for both the automotive consumer and commercial fleet markets. Along with increasing our sales channels with our Resellers and Key Channel Partners that include the Michigan Credit Union League Service Corporation (MCULSC) and County Executives of America, IGEN will further invest in the development of our driver behavior algorithms and platforms."
The Company is seeing growth opportunities in the second half of 2020. Despite the persistence of the Corona Virus and its effects on the economy, the revenue growth opportunities for the Company continues to be weighted towards Credit Unions and the Counties. Presently the Company has secured order commitments from seven Regional Credit Unions with a goal of securing up to 50 by year-end. The macro-environment of reduced credit scores and Federal Government funding has created a dual need for the Credit Unions to secure automotive assets while providing compelling services to the Credit Union membership. The County Executives of America have identified and confirmed commercial trials with three Counties with an average population base of 1M people. Along with Medallion GPS PRO Fleet Management functionality, IGEN's driver behavior features will be tested and applied against County actuarial metrics for insuring of County vehicles and assets.
With the launch of IGEN's Next-Generation Platform, a direct-to-consumer brand is being created and targeted exclusively as an Ecommerce offering. Families will be able to purchase IGEN's products and services directly online with emphasis on ease-of-use. Peace-of-mind features for families and their teenage drivers will include IGEN's Universal Scoring of Driver Performance as a standard service offering. Targeted launch is for late 2020 in time for the holiday season.
About IGEN Networks Corporation
IGEN Networks Corporation provides peace-of-mind to automotive consumers and their families through direct access to Internet-of-Things (IoT) cloud-based services that include Stolen Vehicle Protection, Real-time alerts, and Driver Behavior.
IGEN is a fully reporting company in both Canada and the United States. It is publicly traded on the OTCQB under the symbol IGEN, and listed on the CSE under the symbol IGN. For more information, please visit., www.igennetworks.net
Booooom!!! Awesome PR! Loved every word, especially the ending: "Targeted launch is for late 2020 in time for the holiday season." We got Halloween, 4 or 5 weeks and we are in the holiday season! Q1 2021 will have revenues! Dilution will happen over three years. With the recent price action, that 160 mil shares is already priced in!
Markets taking a beating this last week, including IGEN. Hopefully tomorrow we get at least a dead cat bounce. Can't believe so many red days in a row, not just here, in the broader market as well. Dow was red last seven of eight. I'd just be happy now with an unchanged tomrrow and lick our wounds going into the weekend.
Not adding anymore for a while, gonna let it settle down, find the bottom. Thought we'd get a green day for sure. Oh, well. gonna have to wait.
Also, this: "In the event the number of shares being registered hereunder is insufficient to cover all of the shares we put to Crown Bridge Partners, LLC, we will amend this registration statement or file a new registration statement to register those additional shares." So if it's below the .0156 and it doesn't make the $$$ they are shooting for, then they just amend more shares. So there is no set price for this offering.
Right. There is no set price, it's an approximate price. From the filing: "The offering price of $0.0156 per share has been estimated solely for the purpose of computing the amount of the registration fee in accordance with Rule 457(c) of the Securities Act, on the basis of the last sale price of the registrant’s common stock as reported on the OTCQB tier of the OTC Markets Group, Inc. on August 13, 2020." Now, that being said, for the 160 million shares to equal 2.5 mil $, the average price needs to be .0156. I would think They would want higher to make a profit because even then, they lend 2.5 million and just break even. Think about it.
Just a hunch from watching this daily for over three months, but I think we got two green days coming.
What a bloodbath in the markets today. Big bounce coming in a lot of beat down stocks, including IGEN, in my opinion. I am seeing many setting new all time lows and 52 week lows. IGEN actually held up rather well today, and when market bounces we will bounce, too.
Green tomorrow and Friday, in my opinion.
adding here. eom.
Many red days in a row, should get a green one tomorrow or next day at least.
I sold at 1.02 last week, but starting to look attractive again. How low can it go? I don't think much lower, maybe .80 worst case, imo.
I don't know if anyone watches this board anymore or the stock, but heads up. Bounce in progress.