Hello Redrock. I read your post and don't have any answer except, "I don't know". There are positive signs though in that the person who they have hired as "Comptroller" is a real person with the credentials that she has listed. That is encouraging. My gut tells me that they are putting too much energy into promoting this stock to believe that it is a scam. The online reviews for Dr. Hughes and his staff are overwhelmingly positive. That doesn't mean that they couldn't cook up a scam, but it just doesn't fit with that type of caring personality.
My theory has been that they are a group of people who've come up with some good ideas and want a way to capitalize on them. They probably want to be rich and so they decided to take their ideas public and merging with a shell company was a way to do it with very little capital. The website leads me to believe that they intend to keep IGEX active as an "umbrella" for other ideas that may not fall into the Hulogix mold and would be other subsidiary companies.
Clearly, this is a start up and is a purely speculative investment. I am in it long and have been for over 5 years. I've stayed in because I bought into the previous hype of IGEX being the "E-trade of Asia" and didn't want to write off the rather large investment I made at that time. I have added several million shares recently to average down to a level that makes me think I will at least break even if this company starts showing some results.
I'm not a particularly savvy investor and I know that, but this seems to me to be moving in a positive direction.
I do believe that if this is a legitimate group of people (and I believe they are), then this stock could ultimately be worth the equivalent of several cents per share at the current number of shares outstanding.
There's my thoughts from a fellow long.
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