iGen Networks Corp (IGEN)

[kayak_wench]

He has done that with some big news in all form7s that I have reviewed. He has done it consistently for a long so the form 7 rules probably allow updates to be repeated for a few months or who knows maybe even a year (although Chan doesn't typically do it more than 4 or 5 months). The rationale is probably so that an investor doesn't have to dig into recent form7s to see all the meaningful 'recent' news. I can see the benefit. Of course the con is if an investor 'forgets' what is old versus new and sees the update as 'another' new good thing.

Obviously this theory doesn't apply to old news that is still fluctuating (like the CuTrak deal with Latin American credit unions). For those he is updating the status which is different than repeating news already announced.

I expect the following news to roll off and not be in Oct Form 7 because they were first reported in the Jun/July timeframe.
- 6 new automotive dealerships, 4 new credit unions, and three new distribution agreements completed for Q2 – pipeline of new opportunities expected to increase two-fold for second half
- Patent-pending filings accepted by US Patent Office for DTS augmentation as of August 4, 2022

BTW, for monthly updates I don't blame him for cutting and pasting to complete monthly. What I bet he actually does is resave the form with a new name and edit it. That saves time. Monthly reports feel pretty frequent when you do them year after year.