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Definitely 'something' afoot,,,,? 51.2Million shs traded.
ALL the chit chat re: MUL# is not helping IGEN on bit. Shut it already.
I googled: "igen reverse split announcement" and got nothing new. Nada...
It's a disservice to fellow shareholders to post an 'announcement' without verification link.
24M+ shares traded just before the bell. Cannot wait til Monday. 51M shs traded total ....6/16 about 100M traded days before drop to .0004...
Yup! And we now have two candles sitting 'on top of' the midline (BBs)!
Nice end to the day, beginning to the week... :)
And we wait...
"Finally, Buffett believes in the power of patience. He has often said that he is willing to wait for the right opportunity and never rushes into a decision. He believes that patience and discipline are the keys to success in investing and that it is important to take the time to properly research and analyze any investment before taking the plunge."
These details are what IGEN will provide to commercial fleet vehicles during the course of daily operations:
Sensor data analysis will correlate readings from all sensors resident in a commercial vehicle including fuel usage, emissions, locations, and vehicle health to determine patterns, anomalies, and to provide valuable real-time decision-making tools – for example is the vehicle (tires, engine, fuel usage) prepared to complete a long-haul destination under predictable weather conditions.
Route enhancement and optimization algorithms will determine safest, quickest, and most cost-effective delivery routes with real-time adjustments based on traffic conditions, weather, and load-restrictions.
Predictive Maintenance algorithms will analyze and correlate vehicle codes for possible cause-effect scenarios, such as alerting to "yet-to-fail" components that potentially could impact critical vehicle operation and driver safety.
Driver behavior data algorithms will correlate real-time face analysis with historical driver performance based on the same route, time, and weather conditions – potentially to activate real-time risk mitigation, such as blocking the accelerator or re-routing to rest areas.
Why did Neil spend ???thousands of his own money recently to add 50k shares? And, Nealon, co atty do the same?
Someone's picking up some large blocks...
I have none; suspect it's a communication glitch, tho.
You're welcome. :)
Prolog: "+ 250,000 vehicles with GPS / Telemetry
+ 80 distribution centers and warehouses with WMS RFid technology
+1,200 clients using our platform (asset control and maintenance)."
'technology and logistics consulting
3 business units
Logistics and WMS consulting / GPS satellite tracking and telemetry / Asset management and maintenance"
http://www.prolog.com.mx/
Was attempting to translate into English. I see what you are saying...Am trying to "google translate". Apologies.
Items on the Prolog site have to be taken one by one on 'google translate'...No hard data found.
It hasn't even been a month yet since this piece of encouraging news was posted....
"Lake Elsinore, CA -- June 20, 2023 -- InvestorsHub NewsWire -- IGEN Networks Corporation (OTC: IGEN), a leading innovator of asset management and supply-chain solutions with its exclusive technology partner Prolog, announces the development of the industry's first Artificial Intelligence (AI) based commercial fleet solutions. IGEN and Prolog (Companies) have chosen four categories of software algorithms, the manufacture and development of low-cost AI video cameras, and finally the financing of these initiatives through the recently announced reverse-split of IGEN issued and outstanding shares.
The four categories of patent-protected software algorithms will include sensor data analysis, route optimization, predictive maintenance, and driver behavior analysis:
Read it through again...very encouraging...Then visit the Prolog Mexico site: https://prolognet.com/pro-advantage
https://ih.advfn.com/stock-market/USOTC/igen-networks-pk-IGEN/stock-news/91375677/igen-and-prolog-announce-industrys-first-ai-progra
In spite of all the negative commentary, this announcement has a ring of authenticity to it... It struck me as a nice note on which to end the week-after an endless parade of ugly reminders.
In reality, we just don't know-and there are plenty of points to ponder on both sides.
Happy long weekend to all you hard-working people.
You left out a couple things...
Multiple sales resources and sales individuals have been hired over the last three years, but no sales...
NimboTracking and Family Shield sales appear to have been disasters...
Chan has never held a Conference Call with shareholders...Is he such a wallflower that he's too shy to address those paying to keep the company operating?
CEA didn't invite Chan to be a guest at NaCO; he was there in 2022 but not a whisper about responses to IGEN since March of 2022....
How long has it been since a CSE Form7 has mentioned how many units were being ordered in anticipation of....? sales?
Just a few.....
Agreed. I'm beginning to think that Chan has had a much more steady hand on this these last three years than most of us realize.
I, too mentioned earlier that it wouldn't surprise me if he's got orders from ASEC, MI credit unions, NY counties...
Looking at LinkedIn today, his resume is very impressive:
Chief Executive Officer & DirectorChief Executive Officer & Director
IGEN Networks Corporation · Full-timeIGEN Networks Corporation · Full-time
Aug 2014 - Present · 8 yrs 11 mosAug 2014 - Present · 8 yrs 11 mos
Lake Elsinore, California, United StatesLake Elsinore, California, United States
IGEN Networks Corporation (OTC:IGEN)(CSE:IGN) – IGEN Networks Corporation provides software and consulting services for the consumer automotive, asset management and supply-chain industries. The solutions enable customers to mitigate risk, improve driver safety, and increase productivity IGEN Networks Corporation (OTC:IGEN)(CSE:IGN) – IGEN Networks Corporation provides software and consulting services for the consumer automotive, asset management and supply-chain industries. The solutions enable customers to mitigate risk, improve driver safety, and increase productivity …see more
SVP Worldwide Sales & MarketingSVP Worldwide Sales & Marketing
Webtech Wireless merged with BSM acquired by GeoTab Webtech Wireless merged with BSM acquired by GeoTab
2005 - Mar 2010 · 5 yrs 3 mos2005 - Mar 2010 · 5 yrs 3 mos
Vancouver, Canada AreaVancouver, Canada Area
WebTech Wireless Inc., an industry leader of Telematics and Fleet Management solutions with over 800 customers and 240,000 location devices deployed in over 40 countries. Responsible for top-line growth and executing the company’s strategic plan. Results generated more than $100M of new business revenues across four vertical markets: government, transportation, service, and insurance. Developed channels and relationships with industry leading partners and customers: IBM, Federal Express, AT&T, Rogers, GNP(Mexico), Cable & Wireless, and the largest government municipalities in North America.WebTech Wireless Inc., an industry leader of Telematics and Fleet Management solutions with over 800 customers and 240,000 location devices deployed in over 40 countries. Responsible for top-line growth and executing the company’s strategic plan. Results generated more than $100M of new business revenues across four vertical markets: government, transportation, service, and insurance. Developed channels and relationships with industry leading partners and customers: IBM, Federal Express, AT&T, Rogers, GNP(Mexico), Cable & Wireless, and the largest government municipalities in North America.…see more
Airvana logo
Founding Executive VP Worldwide Sales & Technical ServicesFounding Executive VP Worldwide Sales & Technical Services
Airvana Inc.- acquired by CommScope Inc.Airvana Inc.- acquired by CommScope Inc.
2000 - 2004 · 4 yrs2000 - 2004 · 4 yrs
Greater Boston AreaGreater Boston Area
Airvana was founded to offer the first commercial deployment of broadband wireless services to the mobile consumer. Responsibilities were to focus on achieving “share of mind” of the leading CDMA service providers and to secure the first commercial deployment. Opportunities were secured with the top 25 CDMA carriers in North America, Brazil, Korea, Israel, Japan, and China. A strategic relationship formed with Nortel Networks and Ericsson that enabled the first trial networks with Verizon Wireless and KTF of Korea. These initiatives led to early adoption of broadband wireless services across North America and Korea which resulted in generating revenue and backlog of $150M during the first four years of formation of the company.Airvana was founded to offer the first commercial deployment of broadband wireless services to the mobile consumer. Responsibilities were to focus on achieving “share of mind” of the leading CDMA service providers and to secure the first commercial deployment. Opportunities were secured with the top 25 CDMA carriers in North America, Brazil, Korea, Israel, Japan, and China. A strategic relationship formed with Nortel Networks and Ericsson that enabled the first trial networks with Verizon Wireless and KTF of Korea. These initiatives led to early adoption of broadband wireless services across North America and Korea which resulted in generating revenue and backlog of $150M during the first four years of formation of the company.…see more
Motorola Mobility (a Lenovo Company) logo
Managing Director & Vice President(Company Officer) Asia Pacific Broadband SectorManaging Director & Vice President(Company Officer) Asia Pacific Broadband Sector
MotorolaMotorola
1996 - 2000 · 4 yrs1996 - 2000 · 4 yrs
SingaporeSingapore
Founded and managed Motorola’s broadband internet access business for the Asia Pacific region with twelve regional offices established in Australia, Southeast Asia, India, Korea, Japan, and Greater China. First deployment of Hybrid-Fiber-Coaxial-based broadband voice and data services which grew to a staff of 145; operating budget of $14M and revenues reaching $400M by fiscal year-end 2000. Served as the senior officer and member of Motorola’s Asia Pacific Board of Directors: provided guidance on regional investments, acquisitions, strategic planning, product development, quality assessment, and brand development.Founded and managed Motorola’s broadband internet access business for the Asia Pacific region with twelve regional offices established in Australia, Southeast Asia, India, Korea, Japan, and Greater China. First deployment of Hybrid-Fiber-Coaxial-based broadband voice and data services which grew to a staff of 145; operating budget of $14M and revenues reaching $400M by fiscal year-end 2000. Served as the senior officer and member of Motorola’s Asia Pacific Board of Directors: provided guidance on regional investments, acquisitions, strategic planning, product development, quality assessment, and brand development.…see more
Motorola Mobility (a Lenovo Company) logo
Director, Business Development & Product MarketingDirector, Business Development & Product Marketing
MotorolaMotorola
1989 - 1995 · 6 yrs1989 - 1995 · 6 yrs
Vancouver, Canada AreaVancouver, Canada Area
Introduced large-scale wireless data networks to countries in Asia Pacific and Latin America regions, and established first deployment of mobile data solutions for both private and public networks in Singapore, Thailand, Malaysia, Taiwan, Korea, China, Brazil, Indonesia, Ecuador, Venezuela, and Australia. Managed a staff of 12 that generated product revenues of $50M by fiscal year 1995.
Managed a professional staff of product marketing managers to develop and execute company-wide product strategies and plans. Guided an investment portfolio of $11M for research and development which generated $90M in annual revenues for five market segments: courier, field service, utility, taxi, and public safety.Introduced large-scale wireless data networks to countries in Asia Pacific and Latin America regions, and established first deployment of mobile data solutions for both private and public networks in Singapore, Thailand, Malaysia, Taiwan, Korea, China, Brazil, Indonesia, Ecuador, Venezuela, and Australia. Managed a staff of 12 that generated product revenues of $50M by fiscal year 1995. Managed a professional staff of product marketing managers to develop and execute company-wide product strategies and plans. Guided an investment portfolio of $11M for research and development which generated $90M in annual revenues for five market segments: courier, field service, utility, taxi, and public safety.
And we can't forget he created 5G Telematic Drivers Signature patent and already sold a company for $553,000,000 to GEOTab.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172141610
"The 10:1 reverse stock split of all of the issued and outstanding shares of the Corporation’s common stock. will become effective no earlier than twenty (20) calendar days after the filing and dissemination of the Definitive Information Statement."
Posted 14mins ago by Zalmy (50K followers on T):
$IGEN interesting AI news out today https://t.co/FCdorwQD30
— Zalmy (@greatstockpicks) June 20, 2023
? Wonder how many ASEC/MI cu's we've signed...NY counties?
CSE Form7 February: "Completed long-term financing terms with major Alexandria based institutional
investor." :
Understatement. :)
My confidence in Neil has increased 10 fold.
I was impressed that he addressed the rs in the announcement. I think that will go a long way to assuage concerns re: rs.
Excellent find, reindlll !!!! (Do you have a link?) Your post yesterday was brilliant!
Also, we need to hear more about the status of lawsuits regarding patent infringement.
Here is a more in depth article on the $226,000,000 allocation to Puerto Rico credit unions (from April 2023:
https://newsismybusiness.com/us-treasury-injects-226m-into-puerto-ricos-credit-unions/
"Millionaire injection of the Treasury to cooperatives
The sector will receive $226 million available for various loans, including renewable energy equipment
Monday, April 10, 2023 - 9:40 pm
By ELNUEVODIA.COM
WhatsApp??
File Note: This content was published more than 30 days ago.
Aurelio Arroyo, president of the Jesús Obrero Cooperative. (File / GFR Media)
Aurelio Arroyo, president of the Jesús Obrero Cooperative and of the board of directors of the Association of Cooperative Executives. (File / GFR Media)
The US Treasury gave another boost to the cooperative sector, by authorizing a new injection of capital to 69 of these institutions in Puerto Rico."
We are very near 100M shs traded.
Thank you for that reasonable explanation, Manti.
It certainly could be. (It's been two years or longer since that memorable TESLA teaser he sent!
Thanks, Sarge. Have long wondered if 'GEOTab' could be our suitor...They know Neil and the technology so well. Yes, the old association would be a big plus! (I'd sure like to know 'how many' suitors IGEN has had over the years...very curious. Could be a main reason this has taken so long..