Replies to post #10934 on Ingen Technologies Inc (IGNT)

[mythical_phenix]

LOL! Instead of a thaw, it got the big 'ole freeze-out!

Remember this ridiculous press release from 30 December 2013?

RIVERSIDE, CA--(Marketwired - Dec 30, 2013) - Ingen Technologies Inc. (PINKSHEETS: IGNT) (http://ingen-tech.com), the holding company of two subsidiaries; a medical device manufacturing company selling its patented medical products worldwide, and a newly acquired growing wireless telecom business providing services to major telecom companies worldwide, announced the results of the shareholder conference held on December 16th, 2013.

The major highlight of the shareholder teleconference was the approval to accept the option of taking the company to the OTCQB. Gary Tilden, Chairman, and David Hanson, Director conducted the shareholder meeting.

More recently, the company is also strongly considering a listing on the American Stock Exchange (AMEX) pursuant to discussions and the evaluation of a Memorandum of Understanding with Benchmark Advisory Partners.

"This teleconference was an opportunity to reach out to our shareholders and investors to discuss specific changes that, over time, will create better liquidity and exposure of Ingen. The company has resolved the majority of its debt issues, as well as being in the process of removing the DTCC 'CHILL' on its stock," stated Gary Tilden, Chairman. Mr. Tilden further stated, "Both of our subsidiaries are in profitable market sectors with growing industry economics, where increased revenues are beginning to become apparent. This growth should result in stronger shareholder value for our current and future shareholders. The move to the OTCQB or AMEX will only enhance the progress already being made."

[jjj373]

Very interesting indeed! Page 19 Customer WI [?]

108,205,303 shares IGNT Received between April 2 and June 8 2009.

SOLD ALL April 8 thru June 12 2009.

1. Be interesting to know who WI is.
2. Will go back and check "who posted what" on the message boards during that time period.
3. Boca Raton Florida pops up again. People laugh when I refer to Boca Raton as Scam Central but I am dead serious. It is.

Referring to #2, doesn't seem to matter who posts what anyway.

[mythical_phenix]

Courtesy of BigBake1, in a response to my question of 'what exactly does the suspension of all services with the exception of Custody Services' mean:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103730113

The Suspension of all DTCC services is not a TRADING RESTRICTION, it is simply a denial of SETTELEMENT services at the DTCC. However, many brokers can clear their own trades in a security as they have their own clearing services. These brokers tend to close out their open positions for their customers and clear only trades that were already in the system before the suspension notice took effect. You will see some volume for a few days and then it gets pretty illiquid quite quickly.

There will be spurts of volume for a few months as some shareholders will in fact write off the worthless security stuck in their account. These "penny for the lot" transactions must be recorded to FINRA on the consolidated tape.

Take a look at any previously Global Lock security and you will find the same pattern of volume the first few days and then it bleeds right off to absolutely nothing.

These recent suspension are due to a FINRA action in which someone was issued shares by the company or shell, the company provided opinion to convert to free trading using an exemption from registration. Turns out these shells (companies) have no exemptions available due to their shell status and thus the shares sold into the market are illegal. I have forgotten how many different shells are involved at this point, but I think it is somewhere close to 20 at this point.