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Honestly I was worried with this high volume the last couple days and no price movement, we would see an increase in OS. Just saw updated OS and it's still the same. Hopefully we can keep volume up and finally start moving price up.
Someone took a massive dump of shares. Glad they are gone and hopefully starts moving up more!
I hope so! I just want the split to hurry up and happen. Then we will find out if we struck gold or shit.
Can you share where you found this?
Should see reverse split next week. 20 calendar day timeframe ends tomorrow.
Not gonna happen till atleast 20 days from 6/26
Had large volume friday. Best case is if we can get some good forward momentum going and they drop a PR with a ton of great updates
Doesn't really matter, I was just curious. I'm stuck in this hoping for the best just like everyone else.
So the split should happen at the earliest 20 days from now since they just filed their definitive information statement today, and it says the stock split won't be effective until 20 days after that got filed?
You always used to bash this stock. What caused the change of heart?
Wasn't the split supposed to happen today?
If it was any other OTC CEO, I would say there is a 0% chance of this. With Chan who has been wildly successful with his previous companies, you could be right. Still not confident but hopefully you are correct!
If they post big news then I completely agree. If they just post that they completed the merger without additional details on new deals and increase in revenue, it won't go anywhere. Has to be a super juicy PR. Then it could take off.
But why would he buy so many shares knowing this was coming if the plan was just to dilute the shit out of it post split?
So what day is the reverse split happening?
You are in the .1% club with actually being a part of a successful reverse split lol. I haven't been able to join that club yet.
The only shred of hope is that Chan bought shares right before this happened. Confidence in the company is now close to zero but a slight bit of hope that post reverse split we get some good news. Most likely wishful thinking but at this point that's all I've got.
Would you mind sharing where you got this info?
Thanks!
Where did you see that?
Has he told you directly that they should be current in a few weeks?
Ok thanks. Hopefully that is the case.
Has anyone been able to talk to JC since his last tweet about where he stands submitting fins?
Ya would be nice to get rid of it. Really hoping they put out a massive PR this week giving more detail on all the recent twitter news and updates. Too much good news coming out to only update on twitter.
They also need to get rid of the old IGEN twitter accounts. The old one pops up when you do a search for IGEN networks.
Ok thanks
I don't see that tweet on their twitter account? Is it in the replies somewhere?
My hope is that since they announced the spinoff prior filing 10q, they had to change their reporting format to break up Rotmas, Vytex, and rxair financials in much greater detail than before. That would make sense and could cause this type of delay.
No increase in OS from 8/23 to 8/30
I agree with you 100% that it is very aggravating that it got pushed to q3. They knew it was going to close and were effectively running it like it had closed, which is why they had news to PR about the facility. I don't understand why there was such a delay in closing or why they decided to operate the way they did but at least it's finally done.
Previous PR's said they would report financials for q2 but his latest post on frequently asked questions said they won't show up until q3 financials now. They never closed a deal for 50%. They original agreement was for 50% but decided to increase to 75% while they were in the process of closing the original deal. That is why you don't see anything regarding 50% like you stated below. Hope this helps.
I'm assuming people who have been in contact with Chan have forwarded this information to him?
I don't get it. Just waiting on the day it finally takes off.
Not to sound like a dick but I couldn't disagree more lol. PR's are a way for a company to release good news and update shareholders on progress. If a company is continuously increasing revenue year over year and cash flow positive then I agree they don't have to release PR's as frequently because the numbers speak for themselves. If you are not cash flow positive and still building the company you need PR's to show shareholders why they should stay invested or invest in the company because they can see and believe in the future of the company. You have to get eyes on your company for people to do DD and invest, and that's what PR's give you. PR's reach people that may not even know about the company. That's how I found IGEN last year. Never even heard of them but after I saw the PR I did my research and invested quite a bit because I believe in the company and CEO. It's very simple and good business strategy.
Also, they still have to raise capital to operate. If you have a low share price then you have to issue more shares to raise capital which can be detrimental to current sharehokders. If you give good continuous guidance and gain long term investors that allow you to build your share price, then when you have to raise capital you can do so with less shares and not dilute out your current shareholders. Pr's are not just a pump and dump tool. They are highly necessary for a company in their current position.
Even though we may disagree on the PR's, we still agree we both love IGEN and can't wait for all their revenue streams to start kicking in!
They better release a PR saying it's now available! Great news.
No shares added to OS between 7/30 and 8/6.
My last few posts here have been bashing management but all will be forgiven if they were smart enough to pull off what I hope they are doing. If so this stock will explode. This is perfect timing to release this PR right before Q2 gets posted if they know large revenue from rxair sales will be shown. This PR will get interest back in the stock and a great 10q will cause the stock to explode. If that is their plan I am very excited.
I've tried to bring it up a couple times but never got a response on it.
Yes it is bringing in rental revenue but not much. They really do need to sell it and use that money to pay off debt and use for working capital. That would go a long way in cleaning up the books. Makes no sense to keep it and get such little revenue.
Sounds good. Thanks