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It is a HUGE deal.. it is basically a Nation wide deal through the local CU League of Assets in the $588Million Range.. and Also International with the Affiliated in the tune of 20.6 Billion Assets Range... Locations in Major..I repeat Major cities.. Fort Worth,Dallas TX , Kansas ...etc.. south of the boarder where the actually NEED GPS tracking that IGEN provides... Huge tech "Sprint" product.. this should be trading Way Higher in PPS..imo.. do your own DD but I think last week's sellers will be upset soon.. they are buying there own shares for a reason..very few OTC will do that.
This PR went completely under the Radar. imo.. yes some people see it.. but most don't do any DD to see the impact. Just because a PR does not have a fancy $$$$HUGE DOLLAR$$$$ amount listed in the PR does not always mean it was Fluff... a big difference in big board stocks and otcs… is the way they PR.. notice how Chan is doing his... hmmmm just slipped this right over the heads of otc traders it seems.
https://www.otcmarkets.com/stock/IGEN/news/IGEN-signs-Sales--Marketing-Agreement-with-Michigan-Credit-Union-League-Service-Corporation?id=264406.
Direct from PR.
MURRIETA, CA / ACCESSWIRE / June 10, 2020 / IGEN Networks Corporation (OTCQB:IGEN)(CSE:IGN), a leading innovator of Internet of Things (IoT) automotive and commercial fleet solutions, today announced the signing of a Sales and Marketing Agreement with Michigan Credit Union League Service Corporation(MCULSC)
Shows the Ongoing and Future needs recognized by Banks!
"More and more credit unions around the country are offering "Fresh Start" programs directed toward members with credit challenges who need to obtain a vehicle loan at fair and reasonable interest rates, CU Trak provides a valuable win-win situation for the lender and the consumer.
CU Michigan
"The company is majority-owned by the Michigan Credit Union League and has more than 100 investors comprised of credit unions, credit union leagues and credit union system organizations including CUNA Mutual Group and CO-OP Financial Services. Headquartered in Livonia, MI, the organization serves nearly 3,400 credit unions nationwide."
Specialties-Technology Solutions, Marketing Solutions, Performance Solutions
https://iotfactory.sprint.com/product/cu-trak-financial-institution-asset-tracking-2/ $399
https://www.linkedin.com/company/micreditunions
https://www.linkedin.com/company/cusolutionsgroup?trk=similar-pages_result-card_full-clickhttps://
https://www.brightscope.com/401k-rating/184680/Michigan-Credit-Union-League/187596/Retirement-Plan-For-Michigan-Credit-Union-Employees-401K-Savings-Plan/
Michigan Credit Union League: Net Plan Assets $588,000,000
Most OTC Companies are NOT doing business with $588Million ASSET Companies..PERIOD!
IF THAT IS NOT IMPRESSIVE ENOUGH >>> TRY THIS LITTLE GEM>> they very importantly mention " Including CUNA MUTUAL GROUP!" in the PR... did all of you kinda miss that?
lets take one look at CUNA MUTUAL GROUP...>>>
https://en.wikipedia.org/wiki/CUNA_Mutual_Group
WHOOO BOOOM WHAT? LOOK AT THAT...with 2017 numbers listed btw..
REVENUE: 3.5Billion with a B
TOTAL ASSETS 20.6BILLION with a B!
This is not just for Michigan!
CUNA Mutual Group employs nearly 3,700 people in offices in Waverly, Iowa; Great Bend, Kansas; Fort Worth, Texas; and Madison, Wisconsin; as well as field employees located throughout the United States. There are 1,900 employees working in Madison, Wisconsin, the company's world headquarters.[9]
The company's international locations include the Dominican Republic, Jamaica, Puerto Rico, and Trinidad and Tobago.[10]
That's the Kinda Deals Chan is pulling off!.. and why HE is BUYING HIS OWN SHARES!!!!
Now it kinda seems like Chan just pulled off a Nation Wide AND an International DEAL to me....
All..IMO 20.6BILLION!
In the filings it is in there.. it is only about a client that had backed out of a contract agreement.. a Purchase agreement.. and some damages there off.
If they win it just means more revenue for the company in the form of back payments.
It has nothing to do with the strength of the company or it's products. Just a payment dispute.imo fyi it is in the million dollar range I believe. So something viable to take to court.imo
The RSI was to hot last week a pull back was gonna happen on the technical side. It did.
The weekly chart shows lots if room to run
Also the management was not going to put out anything meaty with them seeing the same thing. They are smart group.. I would expect when the dilution quits. They have something amazing to share.. they would not buy own shares if they didn't..
Also when they buy shares it is the best way to show shareholders that they the company is looking out for us... It does a couple things.. takes the hurt off of the dilution so it doesn't tank PPS as hard and helps the stock run with less shares dumping out into the public..it goes into Iron strong hands and they will most likely never see the market to get traded... However in the way long run.. if and when they have a buyout... That us when those shares will be a huge bank roll for them! Another reason to think they are and have something coming to PR! And my guess it is Huge! Imo
So do we hold and sell patents now?
Did something finally happen here?
No news or filings.. why would it run?.. no form 4 either.. they are due within two days.. so it must be dilution.
Maybe next week, but I don't think today anything it looks like.imo
6 million @.007+after hours buy.. will see another form 4.
Noticing the weekly resistance level 1 is at 6cents...weekly RSI 46.. seens like a ton of room to move north here.imo
Also untrue.. they posted their first revenue ever last filing.. not much but it was a start going from a few bucks reported to over ten thousand..from sales of supliments.. I believe it stated from Amazon sales.
Lol.. so when they Bought a Lab.. how much did you throw down.. they didn't just lease one they bought one..lol reading helps..
It is a shell per US reporting standards.. they do reporting.. But if you read the filings it explains why since they are reporting in Canada.. the money is reported in Canada dollars and other factors keep it from removing the US shell status. Just saying. Many foreign companies have a shell status on otc.
Going through some financials here.. it is suprising to see an OTC company that is working on lowering it's debt load and has reduced unnecessary expenses... So I think your right..why waste the money on a patent if you were not 100% sure..imo
No T trade.. I would say not much dilution. Just a short attack... Easy to attack a 500% gainer.. hence CL showing up .. didn't see that group post today..lol if a group got together they can short squeeze them into a panic just the same with buying pressure.. all's I'm saying it works both ways.
Yea but some jackwagon flipping his 6s just needs to stop .. he would make an S ton more if he just held..imo
Does Bloomberg know something? Looking up ABCE under Bloomberg..and it says earnings report due 6-4-2020..on Thursday?
Here comes the unpredictable OTC .. with a big gap up and run it seems..
Gapping up! Notes done?
OS at 370mil on June 1.
If the OS was at 257mil on the 11th as stated on otc site.
Only 13 trading days since that time. Conversions at 4.9% OS max per day.
Using 257mil as the base OS and not going algo math here ..that's around 12.5mil a day in dilution max per day.
So I seen about three days of no T trades in this 13 days.. now could have been less or could be the full 13? Let's use 10 days for example..
So 12.5 mil times 10 = 125mil in dilution.
125mil plus original 257mil and as of June 1 OZSC OS sits around 370-390mil.
However, It could be way less.. as if the T trades are correct in the dilution amounts..? example Fri was only in the thousands not the millions range...
It could be way lower then some are saying.imo will be interesting indeed.
If the MMs were naked shorting here.. and we find out with the OS update on the 1st. Then it is a real possibility.imo
The new abrv..should be INSS... For International Space Station!..lol too funny. For get about to the moon ..it's going INSS on this one..?
Where was the T trade?
This will run to .04 ..new MM showed up .. they are having trouble keeping it down..lol they will have to let it run with this much pressure.. it will coil up and shoot fast..imo
Par flipped..might be an uptrend on the charting of things..imo
Trade how you want to trade. lots of bullies that want cheap shares or they are the group that is bump and dumping the pps.. if people are scare tacticing' the whole gloom and doom RS.. Huge Share structure..bla bla bla.. then those traders, should not even be in the OTC pink area of trading...99% of OTC stocks are companies trying to raise funds..hence the notes.. companies like Aurora that was way in Dollar land and just RS.. RS and share structure is what stocks are..
What you need to watch is how the new company deals with their share holders.. companies have the same ability to do a forward split as the do a reverse..and a share buyback as they do dilution... It's stupid and childish to even post about them.. if you don't understand stocks don't buy one..IMO.
Perfect ..yup you got it! You must hold a Ton of shares here with such concern for everyone, that's great! Keep up the good work..! I would hate to say anything outta line ..the MIB People" would probably delete such nonsense..
But one question... When she converts all these preferred shares into commons then sells them, makes a huge profit and then the OS balloons outta control... And the world is falling ... it seems if "my math is correct... Her now common shares would be subject to A and B gone and whatever left decimated by the horrific RS your so sure will follow... Therefore leaving her open to a hostile take over and impending doom....!
Seems like someone would be smart enough to make some class of stock that would supplement this problem with voting rights and multiplied power to them as to make sure some group could not perform such a take over?
That's why you either buy a shell with only common shares and then convert those to Preferred...OR you buy a shell with the Preferred shares only (usually).
My point is... It doesn't matter! Hence my original comment... She has to actually HOLD not sell HOLD enough shares to not have a hostile take over.. either way commons or preferred.. but there is a reason why preferred are better and safer for the companies sake.. I'm sure your aware of that .. so I won't get into that.
Happy tactics to ya! Opps I mean trading....
Where was this confirmation?
I don't think you understand how preferred work..
Ok one, three months after the merger.. at .25 and two one year away... I see them.. this and the others were actually talked about on the discord chats.. and CEO did state there was no money to get ozsc going and to current status and through to the pcti merger... But it was pcti ceo that insisted on him proceeding in this way...at least that's the story .. time will tell.imo
What did you think of the 10k?
You guys said it would be 500mil or more... Lol ... Either way low or high you would be mad.. fn OTC circus. I'll watch the show tomorrow..
Great call..
Trading pattern looks different this AM...hmmm
And the PPS soars on the 8k...lol
You would think ..some of these shit ceos..would actually fear the streets they walk on.. I wouldn't want to live looking over my shoulder all day.. I don't even want to guess at how many people are crazy pissed through the libe lie, E stock crap.. here.. the list is endless with this clown...
Can't even tell a decent story.. 3 lenders 5 lenders... 8k tomorrow.. no 10k.. no I pulled our one work two weeks ago to work on 10k no he is on audit now... I mean he is in a tropical island living the dream off your hard earned money... Wow crazy s show again..lol
Looks like someone knows something...to me.. probably the Asians close to this company..imo
I asked directly.. any 5G "Projects" for TRDX.. that was it simple and down to the point.. not about which companies or who what and so on... why would they answer "Yes... If TRDX is a "shell" ... Answer because it is not just a shell..simple
Imo they didn't have the time they wanted or needed and to file this way was an easy way to stay current..as they progress.imo
You wouldn't answer anything .. if you had no company or companies considered as TRDX. Let alone a project... Or a Telecom 5G project .. if you had not at least what?
And someone on IHUB knew about the Telecom industry change before any of us.. and then OTC changes the next day...yea I'm calling bullshit. Someone is telling twisted truths for ones own benefit.. I also assume that if massive buying by some whale would actually happen.. that person or group would have been played..imo an old time trader might recognize it as a loading ploy..just saying. Seems odd. Seems odd.
Very odd ..indeed. new TA agent on otc markets or at least a different one than listed on filings....
Why would people sell or buy.. on the same info as known..already.. more volume then a long time.. and someone's gonna try and convince a bunch of people this group paid all this money and effort to get current buy the shell from Lazar.. to file a report just saying that they want to be a shell???? .. I call bullshit and I'm even more interested now... Knowing what some have posted is false..and ...looking at the filings ..follow the crumbs imo. something stinks here and it ain't the fish.
Soooo.. what exactly changed here?.. was there massive dilution from toxic lenders..
The sky is falling.. omg it's a holding company for 5G ....sell!!!! Lol
Actually found it interesting that the officers listed were as of dated.. when someone on here was suggesting that they were not..or it was just Mr.lee left..does not seem to be the case.. also confirmed Jan Stahl is still holding shares for some Reason... And omg just like all other OTC stocks the share structure increased into the Billions from last quarter..... Oh .opps I mean it has stayed exactly the same... Also if one noticed ..even their own site was suggesting nothing was going to happen ..if you translated the text it said the "Shareholders meeting" had been delayed due to the virus...