Ingen Technologies Inc (IGNT)

[PUNTANG]

Undervalued Stock !

I've been buing over the last month because the market cap is just too low. Even at the current 18 cent, it's only about $2M. Ingen should conservatively EARN $2M this year given that they won't be spending $6M in R&D developing the OxyView. That gives this stock a forward P/E of only 1 (less if they earn more which is a very good assumption).

I won't give any predictions on price since I learned long time ago that you can't forecast price on ANY stock ! But, I'm holding until a reasonable P/E is achieved on this one.

Anyone else recognize these facts/predictions?