iGen Networks Corp (IGEN)

[Manti]

Instead of throwing out meaningless gibberish, how about basing it on facts?

The latest 10q shows the balance owed on convertible debt to be 37000 as of end of June and the unissued of the authorized shares to be around 430 million. That means they would need to sell about 185M at .0002 or 124M at .0003 to wipe out the convertible debt.

I figure there's a pretty good chance that has happened, and the last of the conversion shares were being offered at the .00029 price that we saw for several days. That's why I jumped in.

They also stated that the restructuring of the debt with non-dilutive financing would happen before the RS. That means it's in the works right now IF the convertible debt is all gone.

Then the RS will happen so they can complete the acquisition of Prolog.