Ingen Technologies Inc (IGNT)

[YankeeAce]

yes these R&D expenses have been spread out over several years. this is the same as a negative retained earnings and all it really effects is shareholder equity, which when you are dealing with pennystocks is negative 99/100 times. all of these debts have been paid according to the CEO. the big question for long term investors is how long it will take IGTN to recoup its R&D expenses. HISC reported that they should be able to recoup their R&D expenses in 18-24 months for the CYBER TRACKER, which is outstanding for a smallcap company, but that was just under $1M, this will take some time. i still see these products as cash cows in the short term which will fund the Pure Produce project in the long run. very exciting!!!