iGen Networks Corp (IGEN)

[kayak_wench]

If Chan wants to get the best deal for cash in early to mid-June Chan needs to drop news soon. Registration of shares is supposed to be completed by end of Q2 (jun 30th). It stipulates "The price of the Put shall be eighty-eight (88%) percent of the “Market Price”, which is the LOWEST traded price of the Company’s Common Stock for the fifteen (15) consecutive Trading Days preceding the Put Date."

So if Chan wants to minimize the number of shares needed to generate additional cash put out a good PR three weeks before he wants to request the money to get the share price up. If he doesn't the shares will be given to Jefferson Capital at 88% of 0.0036.

Chan is sitting on a ton of good news. I can't see him wanting to dilute shares around 0.003 when all it needs to push him above that is to announce some of the news already reported in the Form 7. If he is smart he will lead with the 'best' news first (to get the biggest bump possible) and then keep putting out PRs to keep the stock at the level attained based on the first set of news.

Definite things he can announce before the end of June
- 6 new automotive dealerships (definite by jun 30)
- 4 new credit unions, an (definite by jun 30)
- three new distribution (definite by jun 30)
- results of due diligence of patent infringement review (definite by jun 30)

Possible things to announce before end of June
- additional pre-load to exceed 500 additional vehicles (not definite but possible by jun 30)
- further expansion of CU Trak product with MCUL members (not definite but possible by jun 30)
- distribution agreements to ratified Credit Union Leagues in New
Mexico, Texas, and Puerto Rico (not definite but possible by jun 30)
- deployment of first GPS Medallion to somewhre in NY