iGen Networks Corp (IGEN)

[Rheeper]

I agree. I’m confident that IGEN will turn a profit in 2021. The beauty of IGEN’s business model and software companies is that they generate high cash flow once they reach critical mass because the business doesn’t require a lot of fixed assets or investments and software margins are very high.

This is very important because profitable companies don’t always produce positive free cash flow mainly due to high working capital requirements and investment outlays to sustain growth. As a result, they have to rely on debt financing or equity financing to fund operations.

I’ve done a lot of research on IGEN and it’s competitors and I believe this probably has one of the best risk/rewards at current levels with numerous catalysts in the horizon.