Ingen Technologies Inc (IGNT): $5 million worth of dilution coming T...

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stockmasterflash

Re: None

Tuesday, 03/25/2014 1:31:12 PM

Tuesday, March 25, 2014 1:31:12 PM

$5 million worth of dilution coming

They announced they would sell $5 million worth of stock

http://www.sec.gov/Archives/edgar/data/861058/000101968713001560/ingen_8k-ex201.htm

WHEREAS, The Subsidiary Company requires $5,000,000 (Five Million Dollars) to expand its business operations over the next twelve months; and the Parent Company has the ability to raise the $5,000,000 (Five Million Dollars) through the issuance of stock pursuant to a Regulation-D Offering under the requirements of the Securities and Exchange Commission. The Parties intend, by executing this Agreement, to enter this Agreement for the purpose of diversifying the business opportunities with the Parent Company, and to expand the business operations of the Subsidiary Company. The parent company will deposit the $5,000,000.00 (Five Million Dollars) into the Subsidiary Company bank account only for the purpose of the Subsidiary Company expansion.

IGNT's largest shareholder:

#1). You have money. Other people want it. All of it!
#2). You want easy money. So does everybody else. They'll get it, too....yours! (and all of it!)
#3). You tell yourself you're smart. You won't lose your money. Fact: Other people are smarter,