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Tuesday, August 27, 2019 4:50:01 PM
My theory has been that they are a group of people who've come up with some good ideas and want a way to capitalize on them. They probably want to be rich and so they decided to take their ideas public and merging with a shell company was a way to do it with very little capital. The website leads me to believe that they intend to keep IGEX active as an "umbrella" for other ideas that may not fall into the Hulogix mold and would be other subsidiary companies.
Clearly, this is a start up and is a purely speculative investment. I am in it long and have been for over 5 years. I've stayed in because I bought into the previous hype of IGEX being the "E-trade of Asia" and didn't want to write off the rather large investment I made at that time. I have added several million shares recently to average down to a level that makes me think I will at least break even if this company starts showing some results.
I'm not a particularly savvy investor and I know that, but this seems to me to be moving in a positive direction.
I do believe that if this is a legitimate group of people (and I believe they are), then this stock could ultimately be worth the equivalent of several cents per share at the current number of shares outstanding.
There's my thoughts from a fellow long.
Recent IGEX News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/09/2024 05:11:43 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/20/2023 09:09:59 PM
Kona Gold Beverages, Inc. Announces Strategic Initiatives and Corporate Direction Changes • KGKG • Aug 2, 2024 2:00 PM
POET and Luxshare Tech Expand Product Offerings for Artificial Intelligence Networks • POET • Aug 1, 2024 9:28 AM
Management Discusses Financial Filings of Global Arena Holding Inc., for 10-K 2023 and 10-Q, 1st Quarter 2024 • GAHC • Aug 1, 2024 9:14 AM
VAYK Announces LOI to Acquire $1 Million Home Service Company to Support Airbnb Business • VAYK • Aug 1, 2024 9:00 AM
Duane Forrester Joins INDEXR as SVP of Search • MONI • Jul 31, 2024 11:46 AM
Lingerie Fighting Championships Help Fulfill Death-Bed Promise With First Major Motion Picture • BOTY • Jul 31, 2024 9:00 AM