Like I stated previously, there was no way of fulfilling the terms of the merger without a rs. IGEN is paying about $1 million in shares for Prolog. As of today on OTC markets they have about 667 million shares left in the AS that are not issued. That works out to a sp of .0015 to pay the $1 million, and it would leave zero shares for other business needs in the future. With the rs they can easily fulfill the terms of the merger and have room to do similar acquisitions in the future or take advantage of similar opportunities to add value to the shareholders.
IGEN is doing what is necessary to move forward with their plan, which plan has undoubtedly been revised with the changing circumstances and events in the market and world. As is the case with ALL speculative startups, it all depends on how good management is and it needs a little luck also.
Place your bets.
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