IGENE Biotechnology, Inc. (IGNE)

[xZx]

canaccord genuity filed for 279,881,302 shares back in december of 2016.

https://www.sec.gov/Archives/edgar/data/766050/000076605017000002/igneschedule13G.txt

their most recent report showed 52,681,260 remaining:

https://www.sec.gov/Archives/edgar/data/766050/000076605017000006/ignes13G.V2.txt

canaccord has quite a track record for mergers/acqusitions, etc.

http://www.canaccordgenuity.com/capital-markets/what-we-do/investment-banking/transactions/?c2=16&c1=15

so maybe they were paid in shares for services. i'm not sure why they sold some, or how many they may have kept.

but what we do know is IGNE reinstated in FL about 15 months after canaccord's first filing of ownership.

http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=IGENEBIOTECHNOLOGY%20P180000221690&aggregateId=domp-p18000022169-1f5a4288-2386-4719-95c2-7bb4f0dd2dec&searchTerm=IGENE%20Biotechnology%2C%20Inc.&listNameOrder=IGENEBIOTECHNOLOGY%20P180000221690

now here we are, 1.5 years since then.

whatever's going on has been a long time in the making, and in recent weeks we've started floating higher.

https://www.barchart.com/stocks/quotes/IGNE/technical-chart?plot=CANDLE&volume=total&data=WO&density=X&pricesOn=1&asPctChange=0&logscale=0&indicators=BBANDS(20,2);SMA(20);SMA(50);SMA(200);ACCUM;CHKMF(20);CCI(20,100);SMACD(12,26,9);RSI(12,100);STOSL(14,3);PVT;SMA(34);PTP(50);PCT(20,0.20)&sym=IGNE&grid=1&height=500&studyheight=200

time for the big IGNE reveal?