Replies to post #77694 on iGen Networks Corp (IGEN)

[jgrant93]

Well everything is still on the table as far as asec cea military patent litigation merger with prolog

So nothing has changed in that regard. I am excited for the future here and I think we should be. But it does seem like time is ticking and they need to get a few contracts on the books post split as soon as possible..

Not sure how dilution will end otherwise.

[Manti]

The 37k is the amount stated in the latest 10q. It is possible that there was a "subsequent event" that impacted that number, but I don't think it very likely since the company has been pretty good about disclosure. Also keep in mind that it takes more than 37k worth of stock sales to offset the 37k cash since the shares are issued at a discount to market and these guys also want to maximize profits. Either way, I think we're close to the end of the dilution.