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Right, Bionic! There is an endless list...
Neil has disrespected shareholders from the beginning; not responding to shareholder emails; withholding material information from shareholders, re: valuation of the patent and results of lawsuits; never holding a conference calls to address concerns face to face with investors; not addressing the obvious questions regarding poor sales records from in-house sales, mailers, Amazon #FamilyShield; national auto distributors (PPT, DOWC), poor response from repeated presentations at large corporate conventions,,,,the list goes on.
Neil's been 'given a pass' on all of the above.
When I think of all the new advances this company has made over the last three years: patent; County Executives of America; four products; GSA/VA preferred vendor; attendance at Agent Summit and 7-10 CU conferences; adding DOWC, Peak Performance Team to sales; NACO conference last July...etc, etc it's discouraging to see so few of the sales projections realized. The lack thereof cannot be lain except at the feet of Neil Chan, imo.
.....only in the last three years tho.
It'd be nice to know if sales had doubled what they'd projected 6 mos ago.... :)
This change has come about sequentially with the Prolog, OTC Tech appt, freight hi-jacking around MX border (Eddie T reported), PR Credit Unions, Able Sierra etc....String them all together there...appears these inter-connected stories lit the match.
Google Fibonacci system in charting stocks...
A bottom @.0007 from .0243 records a 34.7 Fibonacci and reasonable could be an Elliott Wave 2; and this should qualify as a technical bounce.
Yes, there are many places on the way down that could have fit, but this is where we are and the primary reason is that igen hasn't published as yet reasonable earnings to where the public is willing to invest
With the equity (DD) that the company has reported, there should come a day when revenues will be something of which we can be proud.
We close at the HOD; better pricing ahead! Watch for PR and a gap tomorrow! It could be a corker!?
We went from .0007 on January 04 to .0016 today.
I think .004 will be a real test...
And awa-a-ay we go! :)
Is it not safer to say that .0007 was the bottom?
PSAR shows up on 6M chart support....
RSI @ 52,0
Huh?
We've all watched the hollow shells rise to meteoric heights while 'the Little Engine That Could' shrinks into near oblivion on the charts....
The wise investor knows; 'Time is the friend of the wonderful company, the enemy of the mediocre.';
"For some reason people take their cues from price action rather than from values. Price is what you pay. Value is what you get."
Warren Buffett
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“It takes remarkable patience to hold on to a stock in a company that excites you, but which everybody else seems to ignore. You begin to think everybody else is right and you are wrong. But where the fundamentals are promising, patience is often rewarded—Lukens stock went up sixfold in the fifteenth year, American Greetings was a sixbagger in six years, Angelica a sevenbagger in four, Brunswick a sixbagger in five, and SmithKline a threebagger in two.”
Peter Lynch.
Agree...
PSAR flipped on 1M only chart, December 5. Fingers crossed....Form7...fast read thru, didn't see any new items.... Did I overlook anything?
Yes, we may be seeing 'dregs' flushing out right now....I can't help but feel that all the news about our new CTO and MX/SA will be the game changer...not to overlook Abel Sierra at all.
That fleet report that you posted, ET really hit a chord: the numbers, the need, the timing-exciting.
Something feels different this time....
5G, 20X faster than 4G ( Critical data mechanical failures, accidents, driver adverse activity): Patent recently modified additional capabilities for autonomous vehicles; reports more details re: driver behavior...all necessary for credit unions (auto loans high risk borrowers, auto insurers...IGEN may have case(s) prepared against infringement violations by others. (See CSE Form7, November 2022.)
The lowest candle body has been .0009; the +DMI hit its 5Y low (abt 2.3) the first of November '22, and is about 5.5 currently, still well below the 10 level oversold. RSI hit about 29, the lowest point in five years the last week in Dec. It's climbed to 37+ today.
The chart, if relied upon is indicating that the low is in.
So true!!!
Nope, it's been quite flat actually for the last year.
I'll send you all a chart with accurate Acc/Dist. It ain't what you've been told. I posted the actual over 6 mos ago...but, pick and choose as you wish.....
Autocorrect so much easier than TA; try it sometime....
In my experience BBs must open wide before bottom is in...IGEN has not reached that point; also, watch for a PSar flip. RSI already @ 28, could go 25, or lower. Place your bets accordingly.
Also, a trend-changing candle has not yet appeared.
Could we see double bottom @ .0005? Seems almost surreal to think......
As we speak RSI is @ 29.4, OVERSOLD, but at IGEN's lowest price point, .0005 almost three years ago April 2020, RSI registered 21.22.
I AGREE! HAPPY 2023 EVERYONE!
This is one thing we need, another PR the first of the year similar (or better) than this:
"Three States In Third Quarter 2022
PR Newswire - Mon Oct 3, 6:15AM CDTPartnership Content
LAKE ELSINORE, Calif., Oct. 3, 2022 /PRNewswire/ -- IGEN Networks Corporation (OTC:IGEN) (CNSX:IGN.CN), a leading innovator of software solutions for the consumer automotive and commercial fleet industries, today announced the addition of four new dealerships located in three states with 1250 pre-loaded vehicles acquired through its channel partners DOWC and Peak Performance. "
There still is a question about where we are concerning PPT and DOWC sales. ?
They've only lost when too impatient to wait a bit longer...Remember which mammal won the race, Wabbit.
Strange would be the one who isn't happy to see a bottom, mon ami.
Beautiful! Capitulation!!
Could .0009 be 'the bottom'? .0243/,0009=27
19M traded @ 12:36P ET
Get ready! :)
No, there is no exclusivity for 5G; a few other cos have 5G. Am quite certain Ford does; haven't researched others. It doesn't appear, from its advertising that Samsara does.
Global Vehicle Telematics Markets Report 2022-2027: 5G and AI-based Edge Computing to Elevate the Value of Vehicle Telematics Market Solutions-September 5, 2022
"The global vehicle telematics market will reach $193.4 billion by 2027, growing at 12.2% CAGR
The 5G enabled global telematics market will reach $97.5 billion by 2027, growing at 49.1% CAGR
Emerging technologies are enabling completely new and enhanced B2C and B2B telematics use cases
The vehicle telematics OEM market is two times larger than aftermarket and growing three times CAGR
The commercial vehicle market remains the largest segment followed by passenger automobiles and two-wheeled vehicles"
https://www.prnewswire.com/news-releases/global-vehicle-telematics-markets-report-2022-2027-5g-and-ai-based-edge-computing-to-elevate-the-value-of-vehicle-telematics-market-solutions-301617773.html
****
Why is 5G telematics a game changer for social connection?
5G, with its lack of latency, high speed and IoT-driven design holds the missing piece of the puzzle for highly automated vehicles. Understanding its tremendous potential in enabling level 3-5 automated cars and exploring the transformative business models that 5G offers for the automotive industry is critical.
https://car.harman.com/insights/articles/why-5g-telematics-game-changer-social-connection.
***
"5G has almost instantaneous response times with a latency less than 1 millisecond, a reduction in latency by ten times compared to 4G. Vehicles with high levels of autonomy will have an array of sensors, cameras, lasers and LIDARs that substitute the eyes, ears, tactile senses, positional accuracy and situational awareness of a human driver. However, to mimic the response time of a human, the latency must be less than 2 milliseconds. This can only be matched on a 5G network. For example, a connected car traveling at 60 mph would travel 2 meters in the time necessary for a 4G network to respond. By then, your car would have experienced a collision with another vehicle in the time it would take to “see” it and receive the signal to stop."
I think it's a perfect match, and gives us the boost that we need to become a 'major' player. Look up gps/monitor/tracker-even 5G and you won't see IGEN listed among them even though IGEN may be the only one with 5G capability and all the detail and additional advantage that our amended patent offers. I think with all that we now have going for us (which is great!!!), we could use the boost from PU which has the dashcam and produces hardware for us, Mark Wells who is a great people manager and, I believe far superior marketing guy plus 50 or so employees. Unless GEOTab buys us, yes I'd really like to see a merger with PU. Don't forget Mark shares the authorship of the patent with us. I think we expand exponentially if we join with PU.
Again, if GEOTab buys us, game over---Instant WIN!!!
Or, we wait another 3-5 years for IGEN growth. Strike while the iron is hot-market is still rising into 2023, companies and individuals are flush with money, inflation is easing...'Go Time', imo
I would first like to see a merger btwn Positioning Universal and IGEN.
I'm here for the fireworks. Neil, Abel, Juan Ignacio Avila Diaz...should be able to create a firestorm...Just think, adding Mark Wells to the mix-Gangbusters!!! Kaboom!
(Just thinking out loud....)
Yes, but impressive. Imagine how his influence may be felt south of our border:
"Juan Ignacio Avila Diaz Rubin is the founding partner of Prolog, a global leader and provider of logistics and supply -chain management solutions to over 1200 clients, 80 distribution centers and warehouses with over 250,000 commercial vehicles under management. Mr. Avila has provided his leadership on more than 300 large-scale supply-chain and logistics projects over the past 30 years on three continents. Amongst these projects requiring complex logistics solutions and a compelling ROI were organizations that included Walmart, Eli Lilly, Merck A.G., Carrefour, Ford Motor Company, Glaxo (GSK), and GNP Mexico's second largest insurer."