Replies to post #1619 on IGENE Biotechnology, Inc. (IGNE)

[xZx]

well, since it's the weekend and the market's closed, this seems like the safest time to ask an obvious question, "is this reinstatement legit?"

this post from RnR got me thinking:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139239072

so i did a quick study of the yearly chart:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139363416

and as you can see there were 3 billion shares traded from 2016 to today. that's pretty bullish, especially if a stock has a form 15, which means no ownership has to be declared.

and this filing here really got my attention:

https://www.sec.gov/Archives/edgar/data/793160/000089968109000067/xslF345X03/edgar.xml

if you combine that chunk with other insider filings, and then add in any shares that may have been grabbed in the open market, the whole float could be very owned by now. perfect time to reinstate?

but when i searched back on our board to see what motivated the august run, i saw someone had created what appears to be a fake IGNE twitter account, the tweets are gone, but from what posters at the time said, i gather the imposter twitter account said IGNE was about to go current:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139367116

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134160509

that's a bit like where we're at today.

so that got me wondering if the same group who was in the stock in august may have used a faked FL filing (this time around) to sell more shares into our recent pop.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139367403

this type of reinstatement fakery can happen with stocks at NV SOS, i was in SIRG a few years ago and someone paid the back dues, then sold into the resulting run. i'm not sure if florida has better vetting of company management, let's hope so.

but since gonz said they know a RS is coming:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139317328

i figured that means this has to be a legit FL filing. that's logical right?

and this thread:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139261466

suggests it's a legit reinstatement, too:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139260730

so anyway, that's my logical process here, trying to figure out what's up... wondering aloud on a saturday.

but you are correct it's been 12 days since the filing at FL was done, certainly enough time for the CEO to recognize this, and issue a retraction if not true.

so that aspect is in the bulls' favor. fingers crossed for more updates.

go, IGNE.