Ingen Technologies Inc (IGNT)

[YankeeAce]

From that previous post doesn't that mean in many more words that the shares issued for the Pure Produce are restricted? So what is the big issue here. Here is how I see it. Using a very primative estimate that PPS should equal or be close to the revenue for a microcap company with even half decent growth opportunity. I think it would be unrealistic to expect profit in this early of a stage. That's like telling the Wright Brothers to design a 747.

Here is how I see the company's revenue forecasts for the next few years. Obviously these are nothing more then forecasts, but you have to start with something. Secure Balance provided about $10M in revenues for 2005 and I will just use that figure for the next few years to error on the side of caution. The OxyAlert is projected to provide $30M in 2006, which I will again assume no growth in sales for the following years. OxyView is expected to yield $450M over three years which will probably be tiered something like $75M in 2006, $150M in 2007, and $225M in 2008. Those numbers are based on alot of assumptions (i.e. hospitals will all catch on and see the potential savings from lawsuits and doctors will follow suit). So throw out any number of outstanding shares against those figures and you will HAVE to see the value here. And I haven't even begun to mention the Pure Produce project that is in the pipeline.

I only wish I was able to buy more when I started to accumulate. I'm sitting on all free shares now and I will hold them for when the price reaches closer to my estimates from above. Take 500M O/S for starters. For 2006 we are expecting about $115M in revenue. That alone is $0.23 per share. I don't know anyone that would not want a piece of a chance to make 15 times there money within the next year.

Comments?