Ingen Technologies Inc (IGNT)

[YankeeAce]

conservative speculation on things to come????
well this is my opinion and not based on much but some simple math and charting. short term i think we will really test this stock the next two days. with two more good closes we can get back to the $0.0075 level. we may need a solid base before breaking $0.01 again if we hope to stay above. in my to june we had a cup with no handle. now we have the cup once again and need that handle. big difference though between a weak and a strong handle in terms of where we head next. somewhere in the plan the company mentioned additional share buyback. they will want to do that before the move to OTCBB. could be happening now for all we know. i hope so, cause they are getting them cheap. i would LOVE to see one more announcement of share buyback even if it is like 5 to 10 million. that's short term. long term i use the company's annual revenues to justify a share price. i have seen alot of different estimates and i think a conservative number for this year would be $5 million. Secure Balance sells for $53,000, OxyAlert for $300 and the OxyView for $75. I think there is enough sales potential in the state of Florida alone to make that happen. anyways, that my figure you can change it as you wish. $5 million in sales = $5 million market cap. assuming the 120 million outstanding shares that's a share price of $0.042. i'd be happen with that by the end of the year. i used this same primative approach to HISC and it worked. only difference is that it was based on solid reported contracts. IGTN needs a few of these to hammer down price targets. comments???