iGen Networks Corp (IGEN)

[Boosted2gGSX]

Lowest loss in company history of 27k!!, if you take out the debt paid 33k and the interest of 29k igen actually turned a profit. We paid off all debt this year which is amazing for forward thinking. They have the s1 so when and if they need money its their. Qtr4 should be profitable no doubt about that with their current contracts with their dealership groups their cu line the counties trial run coming to and end in 4 weeks and then boom instant revs and realized profits with their direct to consumer line on its way!! Igen has showed everyone time and time again they are delivering on their goals working on a skinny budget to maximize profits 54% this qtr! Once things are rolling i will not be surprised if gross margin goes to 60-65% thats easily obtainable. They have no need or will to overload share count there will be no rs insiders have MILLIONS of shares. They finished last qtr with 24k cash on hand and only added 18m shares to the os which is enough to get them cash to buy their preloaded gps units for their dealership groups that have put in orders looks like 1000 up front orders now and then so far then 300-600 each month and its paid upfront talk about profits realized now!!