iGen Networks Corp (IGEN)

[ranchhand71]

Potential dilution seems a problem to some.
Current market cap is $2.7 million today.
Ridiculous if they can get revenues going.
Year end cumulative balance sheet deficit approaching $20 million.

To raise $2-5 million would seem a stretch and highly dilutive.
Look at Form 7 issued for end of September that shows several cash raising transaction details. But at least the money raised helped pay executive salaries!