Replies to post #2812 on Ingen Technologies Inc (IGNT)

[grizzy]

Actually, I can tell you the 3-month outlook of my out-of-pocket/time expense. If a firm announces a class action suit, I will sell my shares, get online and add my name to the list and wait. If not, I will hold onto my stock and wait, until they file for bankruptcy or I get my money back. Either way, the most effort I will spend will be approximately 5 minutes and out-of-pocket will be $6.99 for the trade.

As for the company outlook, I'll gladly participate, despite the added time. The company does not project profit until late 2006/early 2007, and I am assuming that is before they pay off their debts. They are currently $6.xM in the hole, so that profit will likely be applied there to increase their chances of getting financing. They also indicate that further dilution might be necessary, which means they have little capital to fund their projects. Further dilution means even poorer stock performance which leads to a possible second R/S down the road.

The upper bound on their progress in 1 year's time is the ability to start paying off debt. The upper bound in another year is their debt is paid off. In 3 years, this company has a chance of being in the black and moving forward, which is great! Until you realize that the journey there may kill all of us who currently own shares. By the time they are in the black, we may go through yet another reverse split, or worse.

I have no doubt Ingen will pull itself out of this. However, it has already done so at my expense as I have lost all but 2.5% of my shares through the split, and by the time this company goes black there is absolutely no guarantee I will even have those. In addition, while the company might be in the black its networth may not support the PPS, so it may be 5-10 years until its stock reaches the point it was a couple months ago.

I love discussion about this, so feel free to scrutinize me to death. I'm not expert, and I'm learning just like everyone else. But right now this is what I see ahead of us based on what we know....just my $0.002 ;)