iGen Networks Corp (IGEN)

[kayak_wench]

He invested $50,000. For a multi-million that isn't much money. The purchase was as small as he could make while being big enough for the 'common man' (i.e. not multi-millionaire) be impressed and think they should buy more at a minimum hold when the s*#! hits the fan (its hitting now...well it has never stopped hitting). His salary is over twice that per year, plus he gets the status of pretending to be CEO. So by diluting it ensures he will continue get a salary, but more importantly he will buy time to try to not have this company be a complete failure. CEOs are all narcissists and think they are the smartest. Chan is no exception. I believe he is seriously looking for a way to make this company work but he is down to only have the patents, but thank goodness we have that. His technology is seriously outdated and he has zero money (and zero software developers) to do anything different.