Ingen Technologies Inc (IGNT)

[YankeeAce]

since the company recently retired about 15M shares, why would investors believe that dilution is the cause of IGTN being so low? IMO the stock is depressed due to naked shorting as well as the fact that the company is right in between its business plan right now, which opens the doors to alot of extra risk. by between business plans i mean that they are moving some of their focus away from their big ticket products (OxyAlert & Secure Balance) and funneling those resources into the Pure Produce operations. there is really no need for dilution because they already received funding from some Asian investors to the tone of $3M. with Khoo Yong Sin still in the drivers seat for this project i believe this funding is secure. i did a little research on this guy and it appears he was an assistant manager with Singapore Power International. i am not ready to back up the truck and call this guy the solution to our problems, but it appears we are putting some qualified engineers in place. by my caluclations the $3M of funding (of which only $250K has been transfered to IGTN) will go towards paying for the land to house the Pure Produce facilities and to complete the purchase of IGTN's patents, which was recently announced. still alot more DD to be done on the Pure Produce campaing, but it appears to "have roots" ha ha. more DD to follow.