iGen Networks Corp (IGEN)

[kayak_wench]

No one is saying business hasn't improved. My issue is it is not anywhere near where Chan lead us to believe it would be. Do you recall the Dec 2021 form7 that said they would be increasing inventory to 18,000!? That was a total misrepresentation of what was coming. Expanding by less than 2000 units doesn't compare to their prediction of 18,000. That is one of the many over zealous and inaccurate breadcrumbs Chan threw out to get investors to buy.

"Inventory levels to be increased by 18,000 hardware activation units during the first half of 2022 in anticipation of orders from both consumer and commercial channels "

I say buyer beware of the form7 information. Much of the time it is wrong and way way to optimistic.