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Someone is really trying to stall the IGEN run. Lets go IGEN bulls. Lets destroy that wall! Should be getting our form 7 tonight.
$IGEN
Easily. Lots of eyes on IGEN.
$IGEN
I can agree with that. I just do not believe it’ll be 750. 2500-3k is much more believable.
$IGEN
So 2500?
I’d like scenario 1 too but no way in hell Tesla is giving me 13.3k shares for owning a penny stock. I’d say more like 10,000 to 1 would be more realistic.
However, I think scenario 2 would be more likely being that we already have a connection to USAA.
$IGEN
Beautiful day. Lets have our typical strong Friday tomorrow bulls!
$IGEN
Added more today. The manipulation here is insane!
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L2 thinned out big time. HEaded back to .02+ with some buying pressure. The 30 min and daily charts "Golden Crossed" today as well.
$IGEN
Good Morning IGEN. Nice SS update last night. Only added 16 mil in preferred shares over the lat 2-3 weeks. Those preferred conversions are slowing down and I bet its because of the SBA loan IGEN received and the S-1 IGEN is in the process of filing.
$IGEN
Good Morning IGEN! Today should be a beautiful day where we set new highs!
The recent dip was simply MMs flushing out profit takers and resetting the chart. It has to be done on all big runners before they can start the next leg. We are currently witnessing the next leg just beginning
$IGEN
Well my fellow longs, we are being rewarded. Block out the noise, next stop is .05+!
$IGEN
Beautiful thing to see CFGN on the ask at .05. They can 100% be a buyer, just a big FYI. When they are a buyer, things get explosive fast.
$IGEN
I believe so as well. $VRUS
Sure is and the day is just getting started!
$IGEN
Good Morning IGEN!
I’m humbled. However, It’s crazy because over the last year I’ve slacked on my DD tbh. Those who have seen me in action know I can dig up anything on a stock so maybe I’ll get back into more posting. I like to present my DD in a very user friendly format. The best DD means nothing if the reader cannot understand it lol!
BIG FACTS ARE; Most OtC investors don’t know how to read filings, connect dots (speculation honestly), or reach out to the company to get the proper hints (not insider info).
$IGEN Monster week coming
Me too LP. Happy to see you back happy and healthy btw! Setting new highs this week imo
$IGEN
I’m not interested in monetizing it. Sounds stupid especially since my formal degree is in programming but I believe in free knowledge and education. I’ll never ask a person for a dollar for sharing my DD. The way I see it, the more who can see the potential I see equals us all getting paid.
$IGEN
That’s awesome. I don’t know the writers there but I’m humbled.
$IGEN
Did I get a shout out in that article or am I seeing things?
$IGEN
Odd trade indeed. Dilutive Cross trades are typcially always to the 5th digit i.e. .01173. Our trade was to the 4th digit (.0117). I think CFGN showed up today in order to help push the price higher. Next week is the first week of Sept and that is when OtC notoriously gets hot.
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.05+ coming if news accompanies this Golden Cross next week
$IGEN
Well said. $IGEN
Nonsense. Zero gaps on this chart except the one at .0285-.0293. Bulls in control today.
$IGEN
Agree & this is why that is huge!
CU Trak, the product line focusing on GPS tracking solutions for credit unions, is off to a strong start having been launched just last year. IGEN recently signed a sales and marketing agreement with Michigan Credit Union Service Corporation, a wholly owned subsidiary of the Michigan Credit Union League, one of the oldest and most established trade associations for credit unions in the U.S with roots in the pre- World War II era.
“MCULSC’s partnership with IGEN gives us an exciting opportunity to continue providing the relevant products and services Michigan credit unions need to be successful,” said MCUL & Affiliates CEO Dave Adams in a joint press release. This deal gives IGEN an opportunity to grow its CU Trak customer pipeline in Michigan through MCULSC’s network, which includes all the leading credit unions in the State of Michigan.
During last year’s launch of CU Trak, the company secured orders from Puerto Rico based Credit Unions and the Organization of Americas, suggesting warm reception by the market and the possibility of similar success in Michigan where the agreement with MCULSC presents an immense opportunity to access even more credit unions.
MCUL has over 5.3 million members represented. CU Trak, which is sold via Sprint’s IOT factory, is priced at $399, indicating the incredible sales potential this deal presents. If IGEN converts just 10,000 members, which realistically shouldn’t be a tall order considering it is riding on the expansive network and strong influence of MCUL, it will generate sales of at least $4 million in the course of this deal. This deal essentially presents a real chance to grow the business around 10x from 2019 sales. This potential doesn’t seem to be fully priced into the stock, the current bullish run notwithstanding.
Imminent Golden Cross and many catalysts to come
Upcoming catalysts
- S-1 filing for potential uplifting coming soon
- Ecommerce platform to be developed with Shopify
- Updating all three IGEN brands for T-Mobile Ecommerce initiative
- Ecommerce brand being developed for independent sales along with T-Mobile Ecommerce initiative for re-launch of IoT Factory
- Augmenting T-Mobile sales channels with newly appointed distributors
- Next-Generation Platform launch scheduled for August with final cut-offer within 30 days from Commercial Ready Status
- Medallion GPS Pro trials expected to commence in August <-- As we speak
- Preparing for trial deployments of Medallion GPS PRO targeting New Castle County, Albany County, New York, and Leehigh County
- 10Q filing
Might we get the daily double up here at VRUS
Good morning IGEN bulls! Lets go!
Today is add to the stash day. Many great things coming.
- S-1 filing for potential uplifting coming soon
- Ecommerce platform to be developed with Shopify
- Updating all three IGEN brands for T-Mobile Ecommerce initiative
- Ecommerce brand being developed for independent sales along with T-Mobile Ecommerce initiative for re-launch of IoT Factory
- Augmenting T-Mobile sales channels with newly appointed distributors
- Next-Generation Platform launch scheduled for August with final cut-offer within 30 days from Commercial Ready Status
- Medallion GPS Pro trials expected to commence in August <-- As we speak
- Preparing for trial deployments of Medallion GPS PRO targeting New Castle County, Albany County, New York, and Leehigh County
Strong rebound in sales
CU Trak, the product line focusing on GPS tracking solutions for credit unions, is off to a strong start having been launched just last year. IGEN recently signed a sales and marketing agreement with Michigan Credit Union Service Corporation, a wholly owned subsidiary of the Michigan Credit Union League, one of the oldest and most established trade associations for credit unions in the U.S with roots in the pre- World War II era.
“MCULSC’s partnership with IGEN gives us an exciting opportunity to continue providing the relevant products and services Michigan credit unions need to be successful,” said MCUL & Affiliates CEO Dave Adams in a joint press release. This deal gives IGEN an opportunity to grow its CU Trak customer pipeline in Michigan through MCULSC’s network, which includes all the leading credit unions in the State of Michigan.
During last year’s launch of CU Trak, the company secured orders from Puerto Rico based Credit Unions and the Organization of Americas, suggesting warm reception by the market and the possibility of similar success in Michigan where the agreement with MCULSC presents an immense opportunity to access even more credit unions.
MCUL has over 5.3 million members represented. CU Trak, which is sold via Sprint’s IOT factory, is priced at $399, indicating the incredible sales potential this deal presents. If IGEN converts just 10,000 members, which realistically shouldn’t be a tall order considering it is riding on the expansive network and strong influence of MCUL, it will generate sales of at least $4 million in the course of this deal. This deal essentially presents a real chance to grow the business around 10x from 2019 sales. This potential doesn’t seem to be fully priced into the stock, the current bullish run notwithstanding.
Another deal that could have a huge impact on sales is the recently signed three-year exclusive partnership agreement with County Executives of America, which represents over 700 counties across the U.S. Through the deal, IGEN will offer Medallion GPS Pro, its fleet tracking and management solution, in all 700 counties where County Executives of America has jurisdiction. CEA, on its part, has endorsed Medallion GPS, opening a path to new business for IGEN in the public sector.
“The Counties and Consolidated City/Counties have some of the largest fleets of automobiles, trucks, motorized equipment and school buses in the United States. The care for this equipment is a very large expense to the taxpayer and it’s our duty to help secure and maintain these valuable assets,” said Michael Griffin, Executive Director of the County Executives of America.
According to IGEN CEO Neil Chan, the deal with County Executives of America presents an opportunity to bring Medallion GPS Pro to an “estimated 350,000 assets.” This is of course a highly bullish outlook that assumes IGEN will be able to convert the entire addressable market presented by this deal, which is unlikely.
A more reasonable conversion rate would be 50%, which with an addressable market of 350,000 assets, works out to 175,000 assets. This is still a good number by any measure, considering the subscriptions are on annual basis and the deal runs for three years.
Medallion GPS Pro is particularly promising in view of the fresh investments by major players in fleet management. Ford (NYSE: F) is the latest to augment its offering in the fleet management space. It recently launched FordTelematics, a web-based software platform and subscription service designed to grant fleet managers easy access to important connected vehicle data. This will help commercial vehicle customers optimize their fleets and make them even more efficient. Competition is good for IGEN because it shows there is sustained demand for web-based fleet management services.
IGEN’s sales outlook is highly promising and it is likely that it will record a strong rebound in sales this year in view of the strategic partnerships it has in place with CEA and MCUL, as well as pre-existing plans to broaden its sales channels beyond telecommunications company Sprint, its main sales partner. IGEN last year contracted two new distributors (REMCOOP and Wireless Business Consultants), meaning its customer pipeline will expand beyond what it had last year. With its high gross profit margins, a boost in sales will translate into more cash staying in the business, creating shareholder value and attracting long-term investors. Long term investors are good for a stock because they buy and hold more than they sell, creating value for all stockholders.
There is no heavy dilution but i do expect about a small 30 mil or so increase. Its the preferred shares that are converting, not notes. There arent any notes due until August of next year. There was already a small increase from OTCQB cert to the 10Q. It was 1.056 bil and now it is 1.089 bil. So there was already that small 33 mil increase and I expect another 30 mil or so increase. However, It is not what is driving the stock down because there have been plenty of buyers. It is the manipulation that has driven the price down.
Our latest round of financing, in our recent 10Q, has very favorable terms as well.
On May 4, 2020, the Company entered into a PPP Loan with a principal amount of $59,949 through a financial institution under the PPP administered by the SBA and established as part of the CARES Act. The PPP Loan bears interest at 1.0% per annum and matures on May 4, 2022 with the first six months of interest and principal payments deferred. The amount borrowed under the PPP Loan is guaranteed by the SBA and is eligible for forgiveness in an amount equal to the sum of the eligible costs, including payroll, benefits, rent and utilities, incurred by the Company during the 24-week period beginning on the date the Company received the procceds. The PPP Loan contains customary events of default, and the occurrence of an event of default may result in a claim for the immediate repayment of all amounts outstanding under the PPP Loan
Interesting action early today. If we go any lower the 50ma will start turning downward and there wont be a golden cross. This action truly makes no sense at all.
Notable highlights of the six-month period ended June 30, 2020 include the following Company achievements:
The Company announced an exclusive and multi-year Nationwide Partnership Agreement with County Executives of America representing 700 Counties with over 450,000 self-insured commercial assets.
The Company launched Medallion GPS PRO for Light-Commercial Fleets with its Patent-Pending Digital Telematics Signature used for normalizing and scoring of driver behavior based on actuarial insurance metrics.
The Company signed a Sales & Marketing Agreement with Michigan Credit Union League Service Corporation (“MCULSC”) for the distribution of CU TRAK product line enabling Credit Unions to finance more members, improve loan performance, and to provide peace-of-mind for members and their families.
The Company launched the Next-Generation (NextGen) Platform for the Consumer Automotive Markets that included IGEN’s Patented “Digital Telematics Signature” for Universal Scoring of Driving Behavior. The NextGen Platform establishes a framework for the Company to expand its online presence along with expanding its customer base across the consumer automotive markets.
Someone keeps doing a market sell order. Who market sells in the OTC? Manipulation at its finest or we are dealing with some of the dumbest traders ever.
$IGEN
GM everyone! Bears and bulls alike! Looks like the bulls are charging out the gates but we all know there has been major fuggery toward EOD. Lets see if this imminent Golden Cross changes anything
$IGEN
The 200ma is holding strong. Support is very solid here!
$IGEN
Someone waited until end of day to dump 3 mil shares in the last 20 mins. There is a dirty group manipulating the pps here. Hence the flashing lights that isn’t happening on any other OtC stock. I’ve been trading for 10+ years and never seen anything like it on a OtC. It’s grimy.
$IGEN
Exactly what probably happened. It’s clear who panic sold EOD. Now they are trying to push the price lower with this nonsensical BS about our CEO not delivering lol. Our CEO is one of the best in the otc. Very transparent and a excellent track record.
$IGEN
Good Morning $IGEN