Replies to post #6437 on iGen Networks Corp (IGEN)

[JPS02]

Great post as usual stervc. I think the writing is on the wall with the value that IGEN's GPS tracking technology can provide to its clients.

https://nimbotracking.com/fleet-tracking-protection-medallion-gps/

Your .1248 pps valuation consideration is fair given that the 52W high is .0875 and the pps was in the .03 range last November. As a result, I think the current prices are a good buying opportunity.

https://www.otcmarkets.com/stock/IGEN/quote

Go IGEN!

[LOVE*PINK]

.1248 IGEN Share Price Valuation

Excellent post. 100% agree. IGEN going to be EPIC from here on. Thanks for the DD.

Nice below DD showing .1248 IGEN Share Price Valuation

Edited:VortMax, with the $25 Million & .10+ IGEN Valuation...
Edited: Corrected PE Ratio from 15 to 12.

Question? What logic did you use to derive that $25 Million number?

I'm not disagreeing with you, but I'm kind of curious if you can walk me through how you derived the $25 Million number for revenues or value? I did some reverse math to derive a similar valuation from their deal with County Executives of America (CEA):
Quote:

https://www.bloomberg.com/press-releases/2020-03-02/county-executives-of-america-announces-nationwide-partnership-agreement-with-igen-networks-corporation
"This exclusive partnership with the County Executives of America represents an opportunity for IGEN to offer fleet management solutions for an estimated 350,000 assets utilized across 700 Counties in the USA," said Neil G Chan, CEO of IGEN Networks Corp. The diversity of these assets along with the self-insurance of these assets creates an excellent fit with the capabilities of the Medallion GPS PRO Platform.

The deal with CEA is with 700 counties of which will bring their technology to 350,000 assets. based on your math, each asset is going to generate a minimum of $71.43 (rounded) per asset per year. That would get you to the $25 Million in revenues which actually seems very doable. Then considering that the Outstanding Shares (OS) remains constant at its most recent update as of this past Friday, May 1, 2020 of 597,522,300 shares, we can derive the following valuation for IGEN... considering a 25% Net Profit Margin and a PE Ratio of 12, conservatively speaking:
https://www.otcmarkets.com/stock/IGEN/profile

$25,000,000 x .25 = $6,250,000 Net Income

$6,250,000 / 597,522,300 shares (OS) = .0104 EPS

.0104 EPS x 12 PE Ratio = .1248 IGEN Share Price Valuation Consideration

v/r
Sterling

[~ Blue ~]

awesome dd stervc,

VortMax, with the $25 Million & .10+ IGEN Valuation...

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