iGen Networks Corp (IGEN)

[Rheeper]

I think $250m is a stretch because CalAmps took out Synovia Solutions for $50m in cash in 2019. Synovia Solutions did about $28m in sales in 2018, so this is a good benchmark when looking at exit valuations for IGEN.

A 10bagger is still f**k you money for most people if you have tens of millions of shares.

While I’m probably 6-12 months early in talking about buyouts and M&A, there is no doubt this is the end game. Richard Friedman needs a liquidity event to exit his 32m shares (he is not going sell them VWAP in OTC). Neil Chan specializes in creating them.

https://www.automotive-fleet.com/329544/calamp-acquires-synovia-for-50m