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HIRU is buying back shares with a long term plan to continue that. How many other OTC companies actually do this?
Good luck finding another OTC ticker with as much going for it as HIRU
HIRU $$$
Fascinating tech talk on Lucid's power inverter. 29 minutes but well explained and interesting. Find all of the company's videos here: https://www.youtube.com/@LucidMotors
Prolog merger is still in the works, isn't it?
https://nimbotracking.com/pressrelease/igen-networks-corp-and-prolog-execute-loi-for-merger/
Maybe that's the reason
IGEN $$$
Not saying this is it, but late filings aren't always a bad sign
A very common reason for an NT 10-Q is a merger or acquisition, which prevents results from being incorporated in time for the filing.
https://www.investopedia.com/terms/s/sec-form-nt-10-q.asp
IGEN $$$
HIRU just tweeted another 1M bought today. I believe they bought 1.5M
Trades 34-39 = 1.5 M shares https://ih.advfn.com/stock-market/USOTC/hiru-pk-HIRU/trades
Bought another 1 million shares today, done for the week, total 9 million so far. $HIRU
— @Hirucorp (@Hirucorpnew) May 24, 2023
Great post Knife, explains the current HIRU situation very well. That'd be a great sticky for newcomers
HIRU $$$
The Alkaline Water Company to Attend LD Micro Invitational XIII as Official Water Sponsor
Company CEO Will Conduct 1-on-1 Meetings with Analysts and Investors
May 24, 2023 09:15 AM Eastern Daylight Time
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--The Alkaline Water Company Inc. (NASDAQ: WTER) (the “Company”), the country’s largest independent alkaline water company and the Clean Beverage® company, is pleased to announce its attendance at the 13th Annual LD Micro Invitational at the Luxe Sunset Boulevard Hotel in Los Angeles, California on June 6th-8th, 2023. Additionally, Alkaline88® will serve as the official water sponsor of the event. The prestigious event is expected to feature 150+ companies and host hundreds of investors, analysts, and other professionals.
As the official water sponsor, Deliciously Smooth™ Alkaline88® will be available throughout the premises for all attendees, ensuring everyone stays hydrated during this important Micro-Cap conference.
Frank Chessman will be meeting face-to-face with analysts and investors for the first time since his ascension to President and CEO of The Alkaline Water Company. The event takes place in the days leading up to the Company’s filing of its Form 10-K and accompanying report on its full year fiscal 2023 results, in which it will disclose the latest progress on its Pathway to Profitability.
Interested parties are encouraged to schedule their 1-on-1 meetings with Mr. Chessman by registering for the event here: https://www.meetmax.com/sched/event_94613/conference_home.html
About The Alkaline Water Company:
The Alkaline Water Company is the Clean Beverage® company making a difference in the water you drink and the world we share.
Founded in 2012, The Alkaline Water Company (NASDAQ: WTER) is headquartered in Scottsdale, Arizona. Its flagship product, Alkaline88®, is a leading premier alkaline water brand available in bulk and single-serve sizes along with eco-friendly aluminum packaging options. With its innovative, state-of-the-art proprietary electrolysis process, Alkaline88® delivers perfect 8.8 pH alkaline drinking water with trace minerals and electrolytes and boasts our trademarked “Clean Beverage” label.
To purchase The Alkaline Water Company’s products online, visit us at www.alkaline88.com.
To learn more about The Alkaline Water Company, please visit www.thealkalinewaterco.com or connect with us on Facebook, Twitter, Instagram, or LinkedIn.
About LD Micro:
LD Micro, a wholly owned subsidiary of Freedom US Markets, was founded in 2006 with the sole purpose of being an independent resource in the micro-cap space. Whether it is the Index, comprehensive data, or hosting the most significant events annually, LD's sole mission is to serve as an invaluable asset for all those interested in finding the next generation of great companies. For more information on LD Micro, visit www.ldmicro.com. To present or register, please get in touch with Dean@ldmicro.com.
To learn more about Freedom US Markets, visit www.freedomusmkts.com.
https://www.businesswire.com/news/home/20230524005129/en/The-Alkaline-Water-Company-to-Attend-LD-Micro-Invitational-XIII-as-Official-Water-Sponsor
HIRU $$$
Been obvious for years, naked shorts don't want DBMM trading and didn't think it would be
DBOOMM $$$
Another day with no AH prints, almost all buys. Could make a nice run here with more volume or any news
https://ih.advfn.com/stock-market/USOTC/igen-networks-pk-IGEN/trades
IGEN $$$
These buys from $HIRU (all slaps) just printed. Trades 61 through 67. Very bullish!
https://ih.advfn.com/stock-market/USOTC/hiru-pk-HIRU/trades
2.5 million bought today total of 7.5 million shares purchased so far. Hopefully more this week. $HIRU
— @Hirucorp (@Hirucorpnew) May 22, 2023
Could go nuts
Starting to move big on fairly light volume. Very bullish
DBOOMM $$$
Lucid Announces European Pricing for Lucid Air Pure AWD and Lucid Air Touring
AMSTERDAM, May 22, 2023 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, today announced European pricing for the Lucid Air Pure AWD and Air Touring variants, as follows:
Germany - Netherlands - Switzerland - Norway
Lucid Air Pure AWD - €109,000 - €115,000 - CHF 125,000 - NOK 1,140,000
Lucid Air Touring - €129,000 - €134,000 - CHF 145,000- NOK 1,300,000
With the first Lucid Air Dream Edition and Air Grand Touring vehicles already on the road in Germany and The Netherlands, the next two Lucid Air trims – Air Pure AWD and Air Touring – are notable for being equipped with Lucid's Long Range Battery Pack, a smaller and lighter 92kWh battery pack. Delivering significant additional rear seat legroom due to a deeper footwell, the smaller pack creates an even more comfortable seating position while still delivering an estimated WLTP combined range of up to 725 kilometers1. Both models offer a charging capacity up to 250kW and are available with Lucid's optional DreamDrive Pro Advanced Driver Assistance System.
The Lucid Air Touring offers an extraordinary fusion of performance, range, and interior space. It sits in the heart of the Lucid Air family and offers the most options and flexibility - allowing customers to create a version that fits their needs. Deliveries of the Air Touring are expected to start in Q3 2023 in Germany, The Netherlands, Switzerland, and Norway.
Lucid also announced that European customers will be able to configure vehicles with Stealth Appearance, an optional exterior design theme with a darker personality.
Stealth Appearance is available for the Air Touring with a metal roof and all models equipped with a Glass Canopy roof. It dramatically redefines the nature of the Lucid Air, with changes of up to 35 components on the exterior of the vehicle. . The most immediate visible change is the darkened Stealth components that frame the Air’s distinctive Glass Canopy roof. Elsewhere, Stealth Appearance adds black gloss and satin graphite accents to further enhance the sharpened appearance.
Lucid Air Pure
Air Pure is the elemental Air model, offering the same unique design and many of the key attributes of the Air line-up at a more attainable price. It launches with the dual-motor, all-wheel drive (AWD) version delivering 480 horsepower. Deliveries of the Air Pure AWD are expected to commence in Q4 2023 in Germany, The Netherlands, Switzerland, and Norway.
The Air Pure AWD will be followed with a single-motor, rear-wheel-drive (RWD) variant in the course of 2024. Delivery plans and pricing of the Air Pure RWD will be communicated at a later stage.
Air Pure is the elemental Air model, offering the same unique design and many of the key attributes of the Air line-up at a more attainable price. It launches with the dual-motor, all-wheel drive (AWD) version delivering 480 horsepower. Deliveries of the Air Pure AWD are expected to commence in Q4 2023 in Germany, The Netherlands, Switzerland, and Norway.
Built with Lucid's Long Range Battery Pack – Lucid's lightest, most-compact battery pack, featuring 18 modules compared to the 22 modules in the Extended Range Pack – the Air Pure AWD elevates the Lucid Space Concept to turn vehicle packaging efficiency into an art form. The Air Pure AWD is more efficient on the road, with an estimated WLTP combined range of up to 725 kilometers1, while also delivering more interior space with almost 8 centimeters of additional rear seat legroom. As a result, even with the more compact, sculpted pack and extraordinary rear seating comfort, the Air Pure AWD's range still starts well above where most other luxury EVs leave off.
The Air Pure is the first Air model to come with an all-metal roof as standard. It is made entirely of aluminum, which minimizes weight and lowers the car's center of gravity and lends the Air Pure a unique personality – a perfect complement to the expansive Glass Canopy familiar from other Lucid Air variants.
A new paint color is also introduced to the Lucid family with the Air Pure, called Fathom Blue. This color, inspired by the Pacific Ocean, is multidimensional, with subtle, cool tones that shift with the light of day. The depth and sophistication make Fathom Blue an ideal finish to showcase the long horizontal lines and curving forms of the Air Pure's exterior.
Lucid's discerning eye for detail and craftsmanship is on display in the interior of the Air Pure, where every last stitch, shade, and material is carefully considered. It features the Mojave PurLuxe interior, which is crafted from a bespoke combination of a remarkably soft and durable leather alternative and a unique and high-quality fabric called Dune. Inspired by midcentury modern furniture, Dune is made from 100 percent recycled woven textile. Overall, these materials lend the Air Pure a warm and timeless style all its own.
Lucid Air Touring
The Lucid Air Touring offers an extraordinary fusion of performance, range, and interior space. It sits in the heart of the Lucid Air family and offers the most options and flexibility – allowing customers to create a version that fits their needs. Deliveries of the Air Touring are expected to start in Q3 2023 in Germany, The Netherlands, Switzerland, and Norway.
The dual-motor, all-wheel drive powertrain in the Air Touring delivers 620 horsepower and can accelerate the vehicle from 0-100 km/h in just 3.2 seconds. Built with Lucid's 18-module Long-Range Battery Pack, the Air Touring offers an estimated WLTP combined range of up to 725 kilometers1 combined with superb efficiency and even greater rear-seat leg and foot room.
The cabin of the Air Touring takes luxury up a notch with even more exquisite materials and craftsmanship. It features seating surfaces wrapped in Nappa full-grain leather sourced from Lucid's carbon-neutral leather partner, juxtaposed with recycled textiles and synthetics. Whenever possible, Lucid sources sustainable materials and employs manufacturing practices to further reduce the environmental impact of our vehicles. Wood accents are sustainably-harvested and have an open pore finish with minimal coating, so occupants can feel the authentic wood grain—another detail inspired by midcentury modern furniture.
The Air Touring will be available with a standard solid aluminum roof, as well as the optional Glass Canopy. The Glass Canopy gives an already spacious vehicle an even more open and airy feel.
The Power of the Dark Side
Stealth Appearance is available as an option for the Air Grand Touring and Air Touring. Stealth Appearance is priced as below for the Air Touring with a metal roof and all models equipped with a Glass Canopy roof. Customers can now build their own Lucid Air with Stealth Appearance on the Design Yours Configurator. Pricing and details of Stealth Appearance are subject to change without notice.
Stealth Appearance
Germany - Netherlands - Switzerland - Norway
Metal roof - €2,000 - €2,034 - CHF 2,000 - NOK 20,702
Glass roof - €4,000 - €4,067 - CHF 4,000 - NOK 41,405
Stealth Appearance dramatically redefines the nature of the Lucid Air, with changes of up to 35 components on the exterior of the vehicle. Many components that would otherwise have the Platinum Appearance instead feature a dark Stealth polished finish, reminiscent of the spéculaire black polishing technique employed in fine horology and jewelry. The most immediate visible change is the darkened Stealth components that frame the Air's distinctive Glass Canopy roof. Elsewhere, Stealth Appearance adds black gloss and satin graphite accents to further enhance the sharpened appearance, including elements of the lower body trim and the trim around the Intelligent Micro Lens Array headlights and one-piece blade taillights.
Stealth Appearance also includes unique wheel designs and finishes for each wheel size (wheel size availability depends on Air model variant):
-20-inch Aero Lite Stealth wheels, with satin black wheel inserts
-21-inch Aero Sport Stealth wheels, with satin black wheel inserts (priced at €2,000 in Germany and Netherlands, CHF 2,000 in Switzerland, and NOK 25,000 in Norway)
Stealth Appearance can be paired with a broad palette of Lucid Air exterior colors: Stellar White, Infinite Black, Cosmos Silver, Quantum Grey, and Zenith Red.
1 Manufacturer's preliminary estimated combined WLTP range when vehicles are equipped with 19- Inch wheels. Official WLTP figures for Air Touring and Pure models are pending.
Estimated WLTP electricity consumption figure for both the Air Touring and Air Pure models is 14.1 kWh/100km with CO2 emissions of 0g/km. Official WLTP electricity consumption figure is pending.
About Lucid Group
Lucid's mission is to inspire the adoption of sustainable energy by creating advanced technologies and the most captivating luxury electric vehicles centered around the human experience. The company's first car, the Lucid Air, is a state-of-the-art luxury sedan with a California-inspired design. The Lucid Air Grand Touring features an official EPA estimated 516 miles of range or 1,050 horsepower. Assembled at Lucid's factory in Casa Grande, Arizona, deliveries of Lucid Air are currently underway to customers in the U.S., Canada, Europe, and the Middle East.
Media Contact
preurope@lucidmotors.com
media@lucidmotors.com
Trademarks
This communication contains trademarks, service marks, trade names and copyrights of Lucid Group, Inc. and its subsidiaries and other companies, which are the property of their respective owners.
https://www.prnewswire.com/news-releases/lucid-announces-european-pricing-for-lucid-air-pure-awd-and-lucid-air-touring-301830296.html
LCID $$$
Planning on 2.5 million shares to purchase this week, but working on 5 million if we can swing it update everyone tomorrow on progress. $HIRU
— @Hirucorp (@Hirucorpnew) May 22, 2023
Great to hear that, thank you. I'm hoping to drive one too assuming they come to Reno. I've signed up for alerts on the website but haven't heard anything from them
LCID $$$
I'll drink to that. HIRU is a winner. Long play
HIRU $$$
Again with so many double prints, might be the new norm here. Very interest
https://ih.advfn.com/stock-market/USOTC/digital-brand-media-and-pk-DBMM/trades
DBOOMM $$$
Nice move lately
BLTH $$$
HIRU CORPORATION – Common Stock Repurchase Program
GLENDALE, ARIZONA – May 17, 2023 (OTC MARKETS) – Hiru Corporation (the “Company” or “HIRU”) would like to announce that it anticipates instituting a common stock repurchase program. The Company filed its 1st Quarter ended, March 31, 2023 disclosure statement (including unaudited financial statements and notes thereto) with OTC Markets, Inc. on or before May 13, 2023. The Company now anticipates starting a Common Stock Repurchase Program (“Repurchase Plan”). Pursuant to this Repurchase Program, the Company’s goal will be to purchase up to $25,000 USD of its Common Stock per month for the next 2 calendar years and retire it to treasury. The goal of this Repurchase Program would be to cancel enough of the Company’s issued and outstanding Common Stock to lower its issued and outstanding Common Stock to under 1,500,000,000 (resulting in
approximately a 23% reduction). Upon meeting this goal, the Company will then lower its authorized Common Stock to 1,750,000,000 shares of Common Stock.
Ms. Kathryn Gavin (President and CEO of the Company), states…"Over the years the Company has instituted business goals set toward maximizing shareholder value. The planned common stock repurchase plan will be structured with this same goal in mind. At this point, management feels that our market valuation and current market price are at a point that provides a wonderful corporate economic opportunity to remove part of our issued and outstanding common stock from circulation. The Company plans on providing a monthly report of the Common Stock, not quarterly as required by SEC rules, that was repurchased and sent to treasury for cancellation. We feel that this Common Stock repurchase program will be in the long-term best interests of the Company and its shareholders as we continue to grow our top line revenue quarterly and expand our operational footprint to meet our customers increasing demand for our co-packing capabilities.”
Under the rules for a stock repurchase program which was recently updated by the SEC, even though it is not applicable to the Company as we are not currently a fully reporting issuer under the Securities and Exchange Act of 1934, the Company plans on reporting potential Common Stock repurchases for cancellation in a tabular format which will show each the daily aggregate repurchases which will include: (1) the class of shares – Common Stock; (2) average price paid per share; (3) total number of shares purchase, including the total number of shares purchased as part of the publicly announced plan; (4) aggregate number of shares or approximate dollar value, that may yet be purchased under the plan; (5) total number of shares purchased on the open market; and (6) the total number of share purchased that are intended to qualify for the safe harbor in Rule 10b-18 and separately the number of shares purchased pursuant to a plan that is intended to satisfy the affirmative defense conditions of Rule 10b5- 1(c).
Disclaimer Regarding Forward Looking Statements
Certain statements that we make may constitute “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning future?strategic objectives, business prospects, anticipated savings, financial results (including expenses, earnings, liquidity, cash flow and capital expenditures), industry or market conditions, demand for and pricing of our products, acquisitions and divestitures, anticipated results of litigation and regulatory developments or general economic conditions.? In addition, words such as “believes,” “expects,” “anticipates,” “intends,” “plans,” “estimates,” “projects,” “forecasts,” and future or conditional verbs such as “will,” “may,” “could,” “should,” and “would,” as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements. Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions. ?Although we make such statements based on assumptions that we believe to be reasonable, there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements.? We caution investors not to rely unduly on any forward-looking?statements.
ABOUT US
Hiru Corp. is a Georgia corporation, is a public quoted Pink Sheet OTC issuer under the ticker symbol "HIRU" (the “Company”). The Company reports as an alternative reporting issuer with OTC Markets Group, Inc. and is current in its mandatory required filings(e.g., Pink Sheet Current). Currently, the Company has one wholly owned, operational subsidiary, AZ Custom Bottled Water, Inc., a Nevada corporation (“AZ Water”), which owns and operates a commercial water bottling and labeling facility based in Phoenix, Arizona. AZ Water operates a B2C website at https://azcustombottledwater.com/.
CONTACT:
5524 N 51st Ave
Glendale, AZ 85301
Web Site: www.waterandiceshop.com
Twitter: https://twitter.com/hirucorp
Phone: 928-408-4486
Email: info@waterandiceshop.com
Contact: Kathryn Gavin, CEO
anticipate” or our goal is, or target buy back, etc.
https://www.otcmarkets.com/otcapi/company/dns/news/document/66864/content
HIRU $$$
Not exactly sure but definitely of interest when they represent this high a % of the overall trades, and of course in a stock that likely has naked shorts needing to cover
https://ih.advfn.com/stock-market/USOTC/digital-brand-media-and-pk-DBMM/trades
DBOOMM $$$
No t-trades today, Hopefully a new trend here sheesh lol
https://ih.advfn.com/stock-market/USOTC/igen-networks-pk-IGEN/trades
IGEN $$$
Sweet move today. Tons of double prints, hmm interesting
https://ih.advfn.com/stock-market/USOTC/digital-brand-media-and-pk-DBMM/trades
DBOOMM $$$
Some very nice slaps printing today
HIRU $$$
Market maker BLAS may be playing games, but just moved from .0031 (where's he's been camped for weeks) to 5 cents lol
HIRU $$$
Not sure if any of that today was them, but sounds like it starts soon :)
Financials are out for 1st QTR, hope everyone enjoyed them, now starting tomorrow share buyback, 12.5 Million shares a month, will update weekly. $HIRU
— @Hirucorp (@Hirucorpnew) May 17, 2023
Some nice buys printed late today
https://ih.advfn.com/stock-market/USOTC/hiru-pk-HIRU/trades
HIRU $$$
Great quarter https://www.otcmarkets.com/otcapi/company/financial-report/370393/content
HIRU $$$
That's a nice 10M bid at 23s :)
HIRU $$$
It's been obvious for years that naked shorts have an interest in DBMM
24-7-365 obvious
DBOOMM $$$
Yeah I should have looked deeper before that post lol. Still long here though it's been seriously frustrating
IGEN $$$
Probably wishful thinking, but maybe that enormous 19.3M t-trade yesterday was the last of the conversions for a while. I believe it was the biggest one we've seen by far
edited: never mind, just noticed the 2.2M one from earlier today
IGEN $$$
Lucid Announces First Quarter 2023 Financial Results
NEWARK, Calif., May 8, 2023 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, today announced financial results for its first quarter ended March 31, 2023.
Lucid reported first quarter revenue of $149.4 million, having produced 2,314 vehicles at its manufacturing facility in Arizona and delivered 1,406 vehicles during the same period. Lucid plans to manufacture more than 10,000 vehicles in 2023 and ended the quarter with approximately $4.1 billion total liquidity, which is expected to fund the Company at least into the second quarter of 2024.
"We are on track to produce over 10,000 vehicles in 2023, with company-wide initiatives ongoing that will enable Lucid to pivot to higher volumes as market conditions allow," said Peter Rawlinson, Lucid's CEO and CTO. "We continue to grow our brand awareness and I'm proud to say that the Lucid Air was recently awarded a number of prestigious industry accolades. We will unveil our Gravity SUV later this year ahead of its launch in 2024 and we cannot wait for everyone to experience it. The Lucid Air redefined the luxury sedan category and we believe the continuing advancements of our in-house technology position our Gravity SUV to do the same in the SUV category – game-changing range, driving experience, charging speed, voluminous interior space, and an unrivaled combination of luxury and performance."
"Our Q1 revenue was approximately $149 million, which represented a year-over-year increase of 159%. We ended the quarter with just over $3.4 billion in cash, cash equivalents, and investments, with total liquidity of approximately $4.1 billion, which we believe is sufficient to fund the Company at least into Q2 of 2024," said Sherry House, Lucid's CFO. "Our mission and optimism are unchanged. We are committed to an environmentally sustainable future – designing, building, and delivering the best EVs on the market."
Lucid will host a conference call for analysts and investors at 2:30 P.M. PT / 5:30 P.M. ET on May 8, 2023. The live webcast of the conference call will be available on the Investor Relations website at ir.lucidmotors.com. Following the completion of the call, a replay will be available on the same website. Lucid uses its ir.lucidmotors.com website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.
About Lucid Group
Lucid's mission is to inspire the adoption of sustainable energy by creating advanced technologies and the most captivating luxury electric vehicles centered around the human experience. The Lucid Air is a state-of-the-art luxury sedan with a California-inspired design. The Lucid Air Grand Touring features an official EPA estimated 516 miles of range or 1,050 horsepower. Assembled at Lucid's factory in Casa Grande, Arizona, deliveries of the Lucid Air are currently underway to customers in the U.S., Canada, Europe, and the Middle East.
Investor Relations Contact
investor@lucidmotors.com
Media Contact
media@lucidmotors.com
Trademarks
This communication contains trademarks, service marks, trade names and copyrights of Lucid Group, Inc. and its subsidiaries and other companies, which are the property of their respective owners.
https://www.prnewswire.com/news-releases/lucid-announces-first-quarter-2023-financial-results-301818590.html
LCID $$$
Come walk inside our mobile solution and see how you can achieve energy security and resilience with the clean, green energy source of hydrogen. This week, we'll be stopping along on the East Coast with @amentum_corp & TeleSwivel To register -> https://t.co/Tw6EXQiKNW https://t.co/vc2Uzr5ML8
— Renewable Innovations (@RenewableInnov2) May 8, 2023
After financials come out before the 15th of May, HIRU has decided to purchase 25,000 dollars of shares for the next 2 years and retire them to treasury, if everything works out our goal will be 1.75 AS and 1.5 OS, more to come enjoy your weekend, PR this week. $HIRU
— @Hirucorp (@Hirucorpnew) May 6, 2023
BLAS didn't execute any trades yesterday that I could tell, and is still where he was bidding 5s and selling 31s. Bummer that he's here again, we'll see if he gets active
I believe that big dump yesterday was retail but not sure. I added 18s yesterday
HIRU $$$
IGEN Directors Complete Non-Brokered Private Placements
LAKE ELSINORE, CA / ACCESSWIRE / May 4, 2023 / (via IBN) - IGEN Networks Corporation (OTC:IGEN, CSE:IGN), a leading innovator of solutions for the consumer automotive, fleet management, and supply-chain industries, is pleased to announce the closing of non-brokered private placements with two of its Directors: Neil G. Chan, Chief Executive Officer and Robert B. Nealon, Chairman of the Board for a combined purchase of 83,333,333 restricted shares at an average price of $.0005625 per share with a hold period of 6 months.
Total common shares (post hold period) held by Neil G. Chan and Robert B. Nealon are 105,120,008 and 41,650,000 respectively. Combined holdings of IGEN Directors and Officers is 173,138,963 common shares or 8% of total shares outstanding.
Neil G. Chan, CEO of IGEN stated, "Our Directors and Officers have been instrumental in positioning the company with great partnerships, technologies, and intellectual properties over the last several years despite the macro-challenges. We have chosen to demonstrate our convictions through increased ownership of IGEN and will continue to focus on the execution of our 2023 plan".
Intellectual Property Portfolio - as we complete our due diligence of the insurance industry and major insurers who are using driver scores as actuarial metrics for billing, protecting IGEN's patent rights will be the company highest priority in 2023.IGEN's intellectual property portfolio will focus on normalizing the "big data" elements that influence driving habits along with correcting gross errors in assessing driver performance and driver behavior. Reducing what the insurance industry refers to as "rating-errors" is the single biggest opportunity for insurance companies. With an estimated $8B of annual rating-errors attributed to demographics and historical driver data rather than actual driver data, IGEN technologies and patents will improve the accuracy of measuring driver performance and risk. With close to 40 patent claims as part of Patent No. 11,037,378 and Patent-Pending 17/850,250, IGEN's patent portfolio defines the "big data" elements essential for accurate measurements, regardless of the data source. Whether originating from mobile phones, third-party GPS devices installed in vehicles or directly from video cameras and sensors integral to electric vehicles (EV), accumulated data from a minimum of 1M access points will contribute to significant improvements in accuracy and measurement of driver performance.
Consumer Product Brand focus for 2023 will market CUTrak and FamilyShield services to Credit Unions and their members through certified organizations representing specific regions across the US - namely the Association of Credit Union Executives of Puerto Rico (ASEC), comprised of approximately 90 Credit Unions and 1M members. In addition, with the successful deployment in the Upper Peninsula region, Michigan Credit Union League Service Corporation (MCULSC) is expected to expand CUTrak services amongst its members that represent approximately 80 Credit Unions located in seven districts. For each Credit Union program participant in 2023, revenue contributions are estimated to range from $48K to $120K annually per branch depending upon the number of car loans granted during the fiscal period.
Commercial Fleets and Asset Management Brands Medallion GPS and Medallion PRO will be sold through our partnership agreements with Hyperion Partners and the County Executives of America (CEA). IGEN's recent award to provide Fleet Management Services to New York State Counties offers opportunity for Counties and State governments to manage their self-insured vehicles. Initial deployment for the first major County in New York State was completed in late 2022. Subsequent deployments with Counties in New York State are being finalized along with newly enlisted members for 2023. The opportunity base for IGEN Commercial Fleet Services with the CEA is estimated at 12,000 active commercial vehicles with a target market share of 30% for fiscal-year 2023.
About IGEN Networks Corporation
IGEN Networks Corporation provides software solutions 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 is a fully reporting company in both Canada and the United States. It is publicly traded on the OTC Markets under the symbol IGEN, and listed on the CSE under the symbol IGN. For more information, please visit: www.igennetworks.net
https://www.accesswire.com/752935/terms-of-service
IGEN $$$