Ingen Technologies Inc (IGNT)

[YankeeAce]

zigbee, I have a question for you. I am glad you have made some money on the swings, but concerning your "dilution" issue. What would you do if you were in his shoes? I'm not saying there is an easy answer to all of this, but if you think about it a little more you might see it differently. If you were CEO of a pinkie and you had a great idea that you needed funding for, how would you raise the money? Your options are rather limited.

You could secure some long term debt, but then you realize that this will have a definite impact on your earnings for years to come. Defaulting on a payment like that could cost the company and its investors everything.

You could wait for your company to have enough free cash flow and earnings to support your new idea. This could take several years and someone else will likely have a similar idea and run with it before then. So you are stuck playing catchup. This is the least risky approach but holds the lowest return.

You could issue more shares (hopefully restricted or closely held). Knowing that you are a pennystock company and how these things work, what would you tell everyone who called you office? I'm not suggesting that he should lie, and he may have said a few things that were close. But if he tells everyone that he is selling shares to fund his project then the likely response is a drop in pps and therefore twice as many shares much be sold. To me at the point of a new share being sold there is no effect to shareholders. Most of the $ raised from the sale stays in the company, so the value (minus some expenses) is there. It is then up to the management team to use this money the best they can and try to produce reasonable profits from our investment money.

That is the long way of saying, I don't think we are seeing "dilution" in the negative aspect that many of us think. I think the team needs time to work forward with the Pure Produce project and use current revenues to make that a success.