Ingen Technologies Inc (IGNT)

[YankeeAce]

zigbee, even with 200 million outstanding shares the company's market cap is only $2 million. just recently they purchased a piece of land in NJ for the Pure Product site worth about $1 million. they also purchased the patents for their products so the company owns them 100% and i believe they were all value at like $1 million. so just these two assets alone seems to justify the current share price. that doesn't even take into account the future revenues that we are all hoping for with OxyView, OxyAlert and Secure Balance. the company still has a tremendous safety net if needed in the previous agreement for funds from an asian investment group as well as more shares that can be issued. dilution to me only occurs when the company issues shares to pay typical bills, but in thi situation it appears that the company is using shares to buy assets which will position itself for a brighter future. i hope you at least made a profit on your position, but in comparison to the majority of pinkies this one has far more potential then most. i do believe that the current share price is just about fairly priced (better if we could stop the naked shorting) and we are all just waiting on a few contracts. to me it seems that IGTN is in its marketing phase right now. focusing on product placement. they have completed their R&D and will work on manufacturing and distribution agreements shortly. their target market is initially the state of Florida but they can move on from their once their objectives are met. and i haven't even begun to talk about the movement to the OTCBB which will solidify this company and expose to the world that their business plan is falling into place. the only thing i worry about it debt load and i think i saw a message from the CEO saying they are free of debt not that long ago. if that is the case then we are set up for success. a few more shares just means we have to spread future earnings among more people, but it doesn't hurt the company itself.