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You sold right? Why are you still here? SOunds like you are phishing for more shares.
$IGEN
I am sure they spewed that nonsense to convolute the real DD here. Stocks with DD like IGEN only come around so often in the OTC. I like my chances here but there is something "off" with recent trading. Essentially 8 straight days of selling is no good for any of us. Management needs to speak out on dilution and we will be solid. If they can confirm what was stated in the recent Form 7's, we will be good. I am sure we all want to know where they got the SBA loans from but the company isnt disclosing that information yet, if ever. Need some transparency here.
$IGEN
Interest was lost here when folks start pumping that fake news article buzzrumor Bullshit. Spreading bullshit rumors did nothing for us here but start the sell off. Amateur OTC players is what that was
$IGEN DD is solid but it gets convoluted with the BULLSHIT pumpers. Maybe that was the intent of that Rumor because those posters didnt show up until that BULLSHIT article was posted. ALL savvy otc traders know that website is bogus.
$IGEN
Can other investors send a similar email that I sent to Neil to get some answers?
CEO email is neilgchan@igennetworks.net
No scam at all but the chart is starting to fall apart. Not sure if MMs are intentionally doing this or if retail is bored by the lack of communication from management. Either way, we are reaching a critical point in trading and need some new buyers or this will drop another 20-30%.
$IGEN
No One who actually believes in this company is complaining bc IGEN is making moves.
Whining = Daytrader
$IGEN
Chill with that fake website. We have plenty of fundamentals to support a much higher price than current levels
$IGEN
Follow the DD and read a chart. This is perfect consolidation for a ticker up 500%+ from recent lows. Lack of patience is rampant in the OTCs.
$IGEN
This small wall is about to get destroyed. I do wish retail learned how to trade a little better. FINRA needs to put more restrictions on OTC traders because they are the worst.
$IGEN
Heavy retail shareholders who don’t want to see a partial gap so they keep slamming bids so it doesn’t happen. It’s annoying when retail is trying to do the job of a MM. Just let the MMs run this
$IGEN
Morning. Lets get this back over .01 today, shall we?
$IGEN
Red to Green.
$IGEN
The cup and handle on the hr chart is gorgeous.
$IGEN
No it doesn’t. Seems like .02+ next week
$IGEN
Hope you all loaded the dip instead of whining about a great loading opp.
$IGEN
So much FUD On such small dips lol. OTCs have to consolidate people. Buy them now while the cheerleaders are buying instead of cheering
$IGEN
We are the #2 most read and #4 most posted OtC ticker. Plenty of eyes here. Yesterday’s consolidation was needed to build a solid base in the .009 range. VWAP tells the story. Should see the uptrend continue today.
$IGEN
Good Morning IGEN. Solid day of consolidation yesterday. MMs needed to close it in the range we closed yesterday to cool off the chart.
Charts ready and DD is solid. What more could one ask for?
We smashed that wall. No worries, much higher coming
WHat I tell ya
Mms are about done loading up the 009s. Explosive day ahead imo
$IGEN
Today is going to be a fun one.
$IGEN
Management team has been successful in securing SBA loans and additional financing from existing funding sources. Moving toward equity-based financing with less dilution and greater management control on timing for conversions if any.
$IGEN
Monthly progress report is amazing. The run continues tomorrow!
https://webfiles.thecse.com/CSE_Monthly_Report_for_June_2020.pdf?ENoimOPG_Ury5mbYtWme2SqrvSPFP6TW
$IGEN
Indeed. All the profits from other tickers are flowing into this DD beast. Fundamentals here justify a much higher pps.
$IGEN
Looking for a strong EOD.
$IGEN
Nonsense. DD too strong for that. No new notes in filings and old notes are almost paid. Many of the conversions were for preferred shares
$IGEN
$IGEN is #7 on ihubs most read board. Plenty of interest and investors who seem to know what they own. Ask has thinned out nicely over the last two weeks
Absolutely not going to happen here. As I just posted in my previous message, insiders have spent over $185k to buy shares in the open maret in the last 7 months alone. They know something big is coming and they are putting their money where their mouth is. Investors can dislike this stock all they want but I can assure you that it is very difficult to find another OTC ticker where insiders have actually purchased a ton of their stock in the open market.It's RARE.
$IGEN
Insider Purchases total $253,716. The odd day was on 07.19.2012 when Neil appeared to have purchased 20k shares at a pps of 5,999. If you go look at the chart, the high and low for that week was .279 and .3. Therefore, I think it was a typo but insiders have purchased over $250k in shares in the open market, which I think we all must admit is very impressive and rare for a OTC. In the last 7 months alone, insiders have spent over $185k to buy shares in the open market. Think something is coming? I sure do.
$IGEN
Correct. Just depends what you ask
Not what I said. I said the convertible notes are more than likely paid and have been for a few weeks now
Anything that increases the OS is considered “dilution” to a companies shareholders. Therefore, if preferred shares have been converted, that is also a form of dilution.
Seems all forms of dilution have come to an end. Next week should be fun
Try again. How about you do some DD and find out the amount of convertible notes we had and compare that to what has been converted. Its simple math, doesn’t take a rocket scientist but it does take EFFORT.
$IGEN
Can you verify what “dilution” you’re referencing?
Its not all from convertible debts. In fact, i'd bet many of the shares were for Preferred stock being converted into commons. If you take a look at the Subsequent events section from the 10k, you will better understand why I have this theory.
This tidbit is from the recent 10K, note the part in bold about preferred stock.
"During 2020, through the date of this filing, we converted an additional $213,000 of principal and accrued interest of our convertible notes into 387,974,460 shares of common stock and also have converted an additional 148,200 preferred stock shares and accrued interest, totaling $209,000 into 199,206,989 shares of common stock."
Furthermore, our only remaining convertible note was with crown bridge. If you look at the totality of that note and the amount of debt we converted this year for convertible notes (again below), you will begin to understand why the CEO said convertible notes were almost done back at the end of May. I think the convertible notes were done when CFGN finally vacated L2.
"During 2020, through the date of this filing, we converted an additional $213,000 of principal and accrued interest of our convertible notes into 387,974,460 shares of common stock "
Very well said.
$IGEN
Purely based on Neil Chans Stellar track record of assiting other companies in getting bought out for 100's of millions. He seems like the type of entrepreneur who likes to bring something innovative to market, sell it, and do it again. Based on his track record, i'd say sometime between now and the next few years, IGEN will be bought out for a few hundred mil at minimum. Investors are underestimating the recent PR that established a Sales & Marketing agreement with MCULSC.
$IGEN
There is a REASON, with all the other HOT OTC stocks, that $IGEN is the second most read OTC stock on ihub. Lots of eyes here because most OTC companies don't have CEO's with this level of experience. Mr Chan has been here for 6 years now and I believe we are on the cusp of IGEN being bought out.
Neil G. Chan, Chief Executive Officer & Director
Mr. Chan is a career technologist who has pioneered 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 solutions, Software-as-a-Service for commercial fleets, and Hybrid-Fiber-Cable(HFC) broadband infrastructure and solutions. Mr. Chan led the first technology transfer initiative between Canada and Mainland China on behalf of Spar Aerospace and Gandalf Technologies Inc., along with training, product marketing and sales responsibilities for growing Gandalf’s export markets. During early development of mobile data solutions, Mr. Chan was recruited to Motorola Inc., to lead the product marketing and development of the industry’s first mobile data solutions for public safety, taxi, utility, and field service markets. As Motorola’s Managing Director, Mr Chan lead the expansion of HFC broadband voice and data networks throughout the Asia Pacific region growing to $400M in annual revenues during the first three years of business formation. Along with founding members of the cable modem industry, Mr. Chan joined Airvana Inc., to lead business development for the early adoption of broadband wireless networks, leading to the industry’s first deployment of CDMA-based wireless broadband networks in North America. Most recently, Mr. Chan led worldwide sales and marketing of fleet management services for WebTech Wireless Inc., contributing 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.
There shouldn't be any more convertible notes that convert, maybe a few preferred shares. I posted this earlier this morning but I will repost the info here.
Repost:
Its not all from convertible debts. In fact, i'd bet many of the shares were for Preferred stock being converted into commons. If you take a look at the Subsequent events section from the 10k, you will better understand why I have this theory.
This tidbit is from the recent 10K, note the part in bold about preferred stock.
"During 2020, through the date of this filing, we converted an additional $213,000 of principal and accrued interest of our convertible notes into 387,974,460 shares of common stock and also have converted an additional 148,200 preferred stock shares and accrued interest, totaling $209,000 into 199,206,989 shares of common stock."
Furthermore, our only remaining convertible note was with crown bridge. If you look at the totality of that note and the amount of debt we converted this year for convertible notes (again below), you will begin to understand why the CEO said convertible notes were almost done back at the end of May. I think the convertible notes were done when CFGN finally vacated L2.
"During 2020, through the date of this filing, we converted an additional $213,000 of principal and accrued interest of our convertible notes into 387,974,460 shares of common stock "