iGen Networks Corp (IGEN)

[Power of Emouna]

292.49M the added OS minus approximately 20-30M shares traded to cover the remaining 100k note that was left in June minus 26.83M restricted shares purchased by insiders in June 2020 leaves us 235.66M shares. I do believe the remaining shares are equity based financing. The CEO did say going forward after all notes are done that he would do equity based financing. It should reflect in the upcoming filing. All imo! $IGEN

Definition:

Equity financing is the method of raising capital by selling company stock to investors. In return for the investment, the shareholders receive ownership interests in the company.


We had 2 form 4 filings one on june 1st 2020 for 16,828,800 shares restricted at 0.0025 which is $42,072

https://ih.advfn.com/stock-market/USOTC/igen-networks-qb-IGEN/stock-news/82576328/statement-of-changes-in-beneficial-ownership-4

And one on June 4, 2020 for 10,000,000 shares restricted at 0.0025 which is $25,000

https://ih.advfn.com/stock-market/USOTC/igen-networks-qb-IGEN/stock-news/82605167/statement-of-changes-in-beneficial-ownersh