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Ty. More should read the post you responded too.
My thoughts are the only thing that could be left to “convert” into commons is the preferred stock. The crown bridge note should be paid in full.
$IGEN
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 "
$IGEN OS updated. New OS is 1.009 bil and should stay in this range going forward.
A dead clock is right twice a day, thats how
$IGEN
I agree. Just trying to help make sense of things for those who dont completely understand what could have happened being that it was end of month and end of Q.
$IGEN
Anyone notice a notorious SHORT MM (OTCX) appeared on the ask right before the bid whacking ensued? Savvy investors know that short interest is reported at EOM in the OtC, and maybe just maybe they wanted to close their position before it was reported that they were short millions of shares. I believe today is a nice solid green candle. Maybe even a BULLISH engulfing after OTCX needed to close their short position yesterday.
$IGEN
From 15:40 (3:40) and on, about 15 mil shares were sold. They key thing to note is it all started with a 3.1 mil market sell order that tanked it from .007 down to .006. Then you had the typical retail reaction and the weaklings sold their shares for a major discount.
Is retail so naive to not realize that yesterday was the EOM and End of Quarter and someone prob needed to close their books for the time period? The panic selling was funny but I know many good traders who loaded over 7 mil shares of the 15 mil that was panic sold.
$IGEN
Green day today. A blind man can see we tested support at the 20ma and it held strong. We will bounce back today.
Yesterday’s EOD selling was completely coordinated by bears. They prop bid all day then disappear at EOD and allow a measly 5-7 mil shares to drop the price right down to the 20ma. Bulls will prevail today.
Furthermore, KEEP A STRONG EYE FOR FOLKS SAYING THEY SOLD. Shady group if you pump and then sell based on NO NEW DEVELOPMENTS. That means you never truly cared for the DD, which is fine, but be real about it.
$IGEN
Pure manipulation. Lets not forget the prop bids earlier in the day that helped create the panic at EOD when it was nowhere to be found. Its all a mental thing while MMs are loading up. They play the WORST games but seasoned traders can spot a winner from a mile away. The DD here is flawless.
When the Q drops this week and the subsequent events show dilution is over, it’ll be a solid catty to get her going again.
$IGEN
Well said, but A great buying opportunity. I know a few good investors who took advantage.
$IGEN
Precisely. SBA loans aren't paid for with shares and savvy traders know this. Not sure why someone decided to dump 10 mil shares here at EOD as I spoke to the CEO and the Q is coming this week. Let the weak hands OUT!
$IGEN
On the CSE, it provides IGEN monthly progress reports. I find this line VERY IMPORTANT in the May 2020 update.
Management team has been successful in securing SBA loans and additional financing from existing funding sources – moving toward equity-based financing while reducing debt principle.
https://webfiles.thecse.com/CSE_Monthly_Report_for_May_2020.pdf?EgkEbhmoNogz0z7QMD__Zsplpk7SsjOI
I took a 15k loss on OPT* for 2020. Looked real shady for a long time and i let it go. I don’t regret it at all. Must trust your gut. I still dont like or trust most of management there. There are so many opportunities in the OtC that you should never hang your head on losses or missed opportunities. Stay vigilant and you can and will become a full time trader.
IGEN has excellent leadership and we have products i believe will be successful. Our leadership is 10x better than OPTI. Dont get me wrong, im very happy for everyone who has made bank there. Just dont marry it.
$IGEN
Agreed. He blocked me for being critical of the company. This stock is trash and he is a horrible CEO. It’s also illegal for him to block shareholders and still use Twitter to release ANYTHING related to the company. I dont have the time to report him to the SEC, but if they were aware that he is doing this, GRSO would get some heat from the SEC. I’d love to see them shut this turd down.
Furthermore, the PR about giving away food was a joke. How in the heck are you giving away food when we have zero revs lol. Im all for charity but thats dumb.
No notes bucc. Contact Neil (CEO), he will confirm. THall just throwing around crap and hoping it sticks, just like a chimp
$IGEN
Couldnt agree more and no prob mama whale.
There is a reason our Convertible Debt was only at $21k in our recent filing. That poster literally didnt do any DD. Just read the notes and didnt check subsequent events or the actual convertible note line in our Assets/Liabilities
Convertible debentures and accrued interest, net of unamortized discount of $343,398 and $0, respectively
$21,121
Not to mention if people ACTUALLY READ the filings they will SEE why the CEO said the notes were about done at the end of May and why we all KNOW THE NOTES ARE NOW DONE. Whoever posted that crap earlier has never done any note conversion calculations or provide any good DD ever (Tall or whatever).
During 2020, through the date of this filing (May 29 2020), 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.
On February 13, 2020 the Company issued 1,750,000 shares of common stock for total cash proceeds of $20,000, and the conversion of $6,250 of accounts payable.
On March 27, 2020 the Company issued 25,000,000 shares of common stock for total cash proceeds of $125,000.
On February 18, 2020 the Company launched Medallion GPS PRO for Light-Commercial Fleets utilizing the DTC Patent.
On March 2, 2020 the Company announced an exclusive supply agreement with the County Executives of America covering more than 700 Counties across the US.
On April 2, 2020, the Company increased its authorized shares of common stock to 1,490,000,000 shares.
On February 10, 2020, the Company designated and subsequently issued 1,000,000 shares of its newly formed Series B Super Voting Preferred Stock. Each share of Series B preferred stock has voting rights equal to 500 shares of common stock, is not entitled to receive dividends, are is not convertible into shares of common stock. If the holder of the Series B preferred stock ceases to be a Board Member, the Company will repurchase any Series B preferred stock from the holder for a price of $0.001 per share. If the holder of the Series B preferred stock proposes to transfer any shares of Series B preferred stock, the Company will have 90 days to repurchase the shares for a price of $0.001 per share.
On February 26, 2020, the Company issued 47,300 shares of Series A preferred stock for proceeds of $43,000.
On May 11, 2020, the Company issued 47,300 shares of Series A preferred stock for proceeds of $42,570.
Well said.
$IGEN Load em up guys n gals. Going to get juicy reallll soon
You’re wrong. First we set .0083, smashed that resistance. New highs were .0092 and .0094 on consecutive days. I dont know where you got .0088 from at all.
We consolidated for two days, the norm, and we should have continuation today. Watch n learn sumn’ Iron Man
$IGEN
You are 100% accurate Mama Whale. MMs are Manipulating the pps on solid tickers for some unknown reason (other than greed of course). If they let it go, we will have a blue sky breakout here
$IGEN
Looking great BB. MOnster in the making'
$IGEN
GM IGEN. As soon as the market opened yesterday, it looked like MMs were finally going to let this move. It got stalled a bit yesterday, but we finished the day strong and that should bold well for a nice green day today. MMs are in full control and they are appearing more and more bullish. Lets see what today holds IGEN investors.
https://twitter.com/Sir_Thoth/status/1273613635596754944?s=20
$IGEN
Traded strong EOD. Tomorrow should be fun!
$IGEN
Good evening. Lots of accumulation today! Chart looks great
$IGEN
Our recent OS is 717 mil shares. There HASNT been 300 mil in conversions since June 1. Where are your numbers coming from? Sounds REAL emotional.
BTW... Vstock is our TA and they dont give out issuers info. Therefore, we all know you did not get any updated OS from them
$IGEN
Hey CJ! Always nice to see you! The weak can fold early, as they usually do, and big bank will run it. MMs know what we have here and they are buying
CEO and VP just purchased millions in the open market. Let me ask you, why would they do that instead of loaning the company money? If they loaned the company money right now, they could have gotten a better pps but there is a reason they did not do that.
&& The question is rhetorical because savvy investors know $IGEN is in the process of moving toward traditional financing. What investor in their right mind would think credit unions would be willing to utilize our revolutionary product but not offer us financing?
$IGEN is a gold mine for those with a little patience and common sense.
Weak retail + MMs shorting = fuggery
$IGEN
Gives me more opportunity to keep buying sub penny. I know this is a .01+ ticker all day.
$IGEN
Insiders have been buying shares in the open market. Rare. $IGEN
https://twitter.com/Sir_Thoth/status/1268611210230071296?s=20
You sound like you know a thing or two about the Auto industry. Well said.
$IGEN
The Fundamentals matter too. In fact, playing TA will only get you so far. Fundys are where the home runs are hit. Investors are always focused on the charts. Half dont even know how to read them, just listening to others speak and then pretend to do the right thing by following their leader.
The DD here justifies this trading much higher and it soon will.
$IGEN
Great DD. I believe that CU Trak will be incorporated into credit unions in all states very soon. The fact that we are partnered with Sprint will go a long way in landing more contracts. It is probably a big reason why Michigan credit unions just signed on for CU Trak.
Here is a great overview of the cost and how our CU Trak works.
https://iotfactory.sprint.com/product/cu-trak-financial-institution-asset-tracking-2/
The following are brief backgrounds on the Directors and Officers of the Company. This is by far one of the most impressive Management teams in the OTC.
Robert Nealon, Chairman of the Board & Director
Mr. Nealon is the Principal Attorney in Nealon & Associates, P.C., and a Washington, D.C. based law and government relations firm. He has been practicing law for twenty-seven years and has achieved an AV rating from Martindale-Hubbell, the leading rating bureau for the legal profession. Mr. Nealon has a B.A. from University of Rochester (1977) and M.B.A. from Rochester Institute of Technology (1978). He received his Juris Doctorate, magna cum laude, from the University of Bridgeport in 1982 and his Masters of Law in Taxation (L.L.M.) degree from Georgetown University in 1984. He is a member of the bar associations of New York State and Virginia, the American Bar Association and the Federal Bar Association. Mr. Nealon served as Adjunct Instructor of Corporate Law, George Washington University from 1985 until 2005. Mr. Nealon has been lead counsel on hundreds of commercial trials, including multi-million dollar derivative action lawsuits, security fraud and government contract fraud. He has been counsel to hundreds of corporations, including insurance affinity marketing, manufacturing and multiple financial institutions. Mr. Nealon has been active over the years in national politics and government relations.
Mr. Nealon was appointed to the Virginia Small Business Advisory Board by former Virginia Governor Warner and was reappointed to this state board by Governor Kaine through 2010 as its Chairman. Mr. Nealon is also a current appointee to the George Mason University Advisory Board for the Institute for Conflict Analysis and Resolution in Arlington. He is also a member of the National Press Club and the Democratic National Club.
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.
Mark Wells, Director
Mr. Wells is presently the President and CEO of Positioning Universal. During his 25 years of experience in the wireless industry, he has pioneered the development and marketing of wireless products, semiconductor technology, and leading edge wireless services. Mr. Wells co-founded DriveOK, which merged with Procon and eventually became Spireon where he led the company during its growth period in becoming the industry leader of GPS vehicle tracking technologies. Prior to Procon, Mr. Wells was the co-founder and CEO of Zucotto Wireless, where he raised $60M in venture capital to develop wireless semiconductor technologies and secured customers that included Panasonic, Nokia, and Alcatel. Mr. Wells has also held marketing roles with Nokia Mobile Phones where he managed a $10B revenue value of mobile phone products, and later served as Vice President & General Manager at DSP Communications which was eventually sold to Intel for $1.6B. Most recently, Mr. Wells has co-founded and mentored several dozen early-stage technology companies and served as a consultant to Fortune 500 companies.
Robert Friedman, Director
Robert Friedman has been actively engaged in the real estate business since 1970. In 1996, he started York Resources, LLC., where he actively participates in the acquisition, financing and development of their real estate holdings, in addition to practicing transactional real estate law for private clients. At present, Robert and his brother Bernard own 34 properties, most of which are located in Manhattan and which consist of about 120,000 square feet of retail and office space, 300+ parking spaces, rental apartment units and luxury single-family homes. Recently, the Friedman's developed, built and presently own a 28-story Pod Hotel located at 42nd Street and Ninth Avenue consisting of 665 hotel rooms, 45 residential apartment and retail spaces. Robert Friedman and his brother are currently developing a national family amusement theme park anchored by the world's largest rollercoaster to be located in Orlando, Florida. Prior to joining the family business, Robert Friedman was a Senior Partner and transactional real estate attorney in New York City for over 20 years.
Abel Sierra, Company Officer VP & GM
Mr. Sierra has served as President of the Antelope Valley Hispanic Chamber of Commerce (AVHCC) - the first President elected to a second term in the organization’s 20 year history. AVHCC’s mission is to provide Hispanic entrepreneurship, community growth, and development, by supporting economic programs designed to strengthen and expand the potential of all business. Prior and concurrent to Mr. Sierra’s role with AVHCC was his position as Agency Vice President of HBW Insurance and Financial Services. Mr. Sierra served as an Independent Associate with Legal Shield, Regional Vice President for Primerica Financial Services, marketing Representative for 21 st Century/AIG direct, community Representative for Palmdale School District and Palmdale Head Start. Mr. Sierra also served 14 years as a Counter Intelligence Specialist with the United States Marine Corps.
Definitely see a potential RS here with the endless dilution
Green today folks. Gap at .0039 filled yesterday
$IGEN
Looks like ole Chad isnt done letting livingston F his shareholders over. Back to trips today?
Absolutely. No time for grudges, especially in stocks. We just Need him to deliver and stop acting childish because HIS shareholders are critical of him for selling a ridiculous amount of shares in a very short time.
$GRSO