Ingen Technologies Inc (IGNT)

[grizzy]

serf, I'm on your side. Sand has a very poor reputation with veteran investors and rightfully so...it is my opinion that the stock was on the SHO list because Ingen was short selling it themselves, and used the R/S (and the way it was released) to allow themselves a cheap position covering. Not only is that sneaky but it is also indicative of the kind of respect Sand has for people who give him money to support his company: complete lack thereof.

I believe this to be the case because anyone with investors in mind knows that a R/S spells certain doom for current investors...any pinky worth a damn knows that to maintain shareholder confidence share retirement is the only way things will work. Share buyback and retirement indicates the company is moving forward in a positive direction (or at least is planning to do so). Ingen behaved themselves in a manner that to me constitutes blatant disregard for the money that was given to them after their constant hype.

Therefore, I believe we can expect further dilution to occur. Ingen is making dangling carrot PRs again, which means they don't have any actual news to report and need people to buy their shares. I wouldn't be surprised if we see another R/S a year from now....

sigh