iGen Networks Corp (IGEN)

[timez1000]

The company has basically come out and said they would not need to draw on the line of credit for 6 months. That means no dilution for 6 months with $2.5 million on the table in financing. Not a bad position to be in. I think better than other tickers that have run after receiving S1 financing. If Neil is smart, and I think he is, he will want the PPS to be as high as possible within 6 months before drawing on the line of credit. Remember Neil himself has 30+ million shares of common stock.