iGen Networks Corp (IGEN)

[Sgt T]

I don’t care about this pps now. I’m not selling anything until much much higher so it doesn’t matter to me what this is right now. I’m not flipping or swinging this one. The only people who care about this pps are the institutional investors that are loading the dilution as it comes. Not worried at all about this. I know who is involved here, and they don’t mess with penny stocks that are going to be HUGE. I’ll be here for it.

[Lonewolf1]

As I have explained many times Sarge (many, many times), this kind of manipulation is only possible when there is virtually NO INTEREST WHATSOEVER in a ticker.

If Chan could convince even a tiny sliver of the market that IGEN has any potential at all, we would not be trading at these absurdly low prices for months on end.

If he would communicate with shareholders and be transparent, and with a reasonable cadence, more potential investors would enter and take positions.

When a ticker is trading at .0029 and few want to risk their capital on it, you know there is something VERY WRONG.

[Sgt T]

We can’t out trade this quant. So no one is trying until this shows movement. It’s easy to see that the manipulation campaign has worked. I’m sure you will be getting a bonus. Lol

[Lonewolf1]

What is more concerning is that even those overly optimistic and obviously exaggerated “projections” did not generate any interest at all in IGEN.

If we consider the price of this ticker and the daily volume, it does not even qualify for Grey Market”.

Some days, like today for example, it trades like it was halted, at least so far.

Mr. Market: NO WAY, JOSE!!

[kayak_wench]

No one is saying business hasn't improved. My issue is it is not anywhere near where Chan lead us to believe it would be. Do you recall the Dec 2021 form7 that said they would be increasing inventory to 18,000!? That was a total misrepresentation of what was coming. Expanding by less than 2000 units doesn't compare to their prediction of 18,000. That is one of the many over zealous and inaccurate breadcrumbs Chan threw out to get investors to buy.

"Inventory levels to be increased by 18,000 hardware activation units during the first half of 2022 in anticipation of orders from both consumer and commercial channels "

I say buyer beware of the form7 information. Much of the time it is wrong and way way to optimistic.

[alert1100]

All clowning aside ,the volume is pretty lame ...

[SmootchmyPootch]

You've got it right, spot on. Clowns will be clowns, but at the end of the day they are here spending energy every day trying to act like disgruntled bulls. Wolves in sheep's clothing.

Scam is nonsense. Logic would tell anyone otherwise. The fed has signaled they are going to keep hammering for the near future, most people who pay attention know what's coming and are playing the cash game.

No one comes on here goading other investors and spreading FUD daily just for the fun of it. If it were that bad of an investment people would just move on, and not claim to be buying more and wailing as the price drops.

[Lonewolf1]

Well Bionic, it’s pretty clear from the stock price, and the volume, that I am speaking for the majority of the market - and by far.

What a few pumpers on this board think is entirely inconsequential, as we can see from the trading action every day.

Sorry….

[Sgt T]

Exactly right! I don’t spend my time on anything that I don’t think will be worth while and neither does anyone else. We might be really early to this party, but they are setting up the chairs and filling up the punch bowl. Neil will be successful in building this business to a major player in the telematics industry and the political friends and investors will help get it there when that time comes.

$IGEN

[AC777]

Let’s be Crystal clear! Nobody an that includes everybody, come to this board every day posting all day without believing in this stock!

Our most rare assess is our time!

So to invest this much of your time every day without believing in this company will make you a Fool…

So either way don’t believe what these foolish one has to say!

[reindlll]

100% agree with you

[Bionic Man]

“Because it’s easy to see that nobody believes that massive revenues are coming here”.

You definitely are not speaking for the majority, not even close.

[Bionic Man]

A profit is a profit especially for the first time ever. We had a $325,000 loss from prior year Q2. I’m not sure why all the sudden you turned negative on this. Oh, wait I know, it fell in line with when you were part of the 26 million sold off the other day. Pretty easy to catch.

[Bionic Man]

Second Quarter Financials and Recent Accomplishments:

As of June 30, 2022, the Company had total current assets of $252,227, a 45% increase from December 31, 2021.
Achieved recognized revenues of $91,976 compared to $82,998 from the prior year second quarter period
Grew total gross deferred revenue to $310,568 representing cash received and revenue to be recognized in future reporting periods
Gain on settlement of debt of $271,935
Net income of $10,582 compared to ($325,937) net loss from the prior year second quarter period
Expanded the subscriber base by 1680 new asset activations across consumer and commercial brands
Expanded Intellectual Property Portfolio for normalizing "big data" elements for the reduction of insurance rating-errors
Secured 11 new franchise and pre-owned dealerships located in 5 states with approximately 2000 vehicles under Nimbo Tracking inventory management services
Launched the CU Track program with Michigan Credit Union League Service Corporation in the Upper Peninsula region
Awarded exclusive contracts to provide Medallion GPS Fleet Services to New York State Counties

[sharpei]

The folks who know best that it's wise not to blindly trust any OTC CEO are those who have experienced the subterfuge and resulting pain from such reliance on people in that position.

[Ping70]

Look...I love reading reading the board everyday but It's getting pretty simple.

1. The form 7 's provide a company update (as many have said before) that's all. All news will be PR'd or in an 8k.
2. This is a start up company and we are all betting on IGEN becoming a major player in their industry.
3. Over the past couple of years we have all seen major advancements in IGEN.
(CEA, CU, Patents......etc).

I could go on and on but here is the biggest deal with all OTC companies....You never know the true intentions of the CEO's. If you believe Neil has good intentions then sit back and relax....If you believe otherwise then sell and move on! Or play the flip game like a few here our doing and I won't say names. Of course I would love for things to happen tomorrow but I'm willing to wait (years). I'm not going to list everyone but Sarge and all longs thanks for posting DD everyday!

GLTUA

[Sgt T]

Lol@ “infamous CEA Deal”. You must be a politician when you’re not a cheating Mm.

[Lonewolf1]

Gentlemen, gentlemen….there is no need for rancor here.

After all, we all know, better than ever now, that this is a “long term investment”.

Ad for this infamous “CEA Deal” the Sarge is always touting, I wish he would just say WHEN THE REVENUES ARE COMING.

Because it’s easy to see that nobody believes that massive revenues are coming here.

This stock is Chan’s MM’s bi#ch, and they play it (and us) like a yo-yo.

Next.

[ranchhand71]

Hope is not a good strategy . Look for firm data in Form 7 before year end. Meanwhile some think dilution is a hurdle headwind. Many of your 100 plus comments the past 18 months did not foresee dilution and we’re too optimistic about cash legal settlements and revenue upticks. Some may wait too see actual revenues and cash hitting this underwhelming balance sheet. Chan credibility shot for most Canadian investors who backed him in the past. You are certainly entitled to your hopes and opinions. That is what makes a market . Good luck

[Sgt T]

Don’t be ridiculous. There is simply not any reason that the New York CEA money won’t come in. The deal is done and has been installed. You know this as you have intimate knowledge about the company and Chan.

[ranchhand71]

Now you have irt correct not 5 million shares as you originally posted .

[ranchhand71]

Let’s hope you are right and revenues come in. Hope is not a strategy

[BDEZ]

Nice move here for a bloody day.

IGEN

[torn4now]

Yeppers...hoping to see some updates regarding the CEA Convention in late July :)

[Eddie T]

Form 7 cometh….

[alert1100]

Nice green close ..

[alert1100]

Nice slap 75k ...

[alert1100]

$IGEN back to you ....

[alert1100]

Keep up the rants so I can finish my share goal participation.

[alert1100]

Drop it lower so I can buy more .I'm here for gold $IGEN

[tapioca]

Well, looking like Igen still unable to
close a week in the 3’s. One of these days.
Have a good holiday weekend all.

[Lonewolf1]

Feel better jgrant - I wish you the best!

[Lonewolf1]

LOL

Dang irritating, heh Sarge?

;D

[Sgt T]

Do you realize how dumb it is and how dumb you sound saying Chan’s Mms all the time?

[jgrant93]

I'm actually in hospital on heavy pain killers and you're either delusional or trolling.

Its... 200 million shares.... or......... 5 million dollars.

At lowest trading price in last 15 days less 20 percent...

Ihub needs to ban these goofs

[Lonewolf1]

Neither does Chan ever mention anything about that or anything else.

The supposed revenues here are highly suspect, to say the least, in addition to being unaudited.

It will come down to getting concrete proof from Chan, maybe by November, maybe not.

Of near term concern is the fact that nobody is interested in buying at these levels, so Chan’s MMs may have to push the price lower to generate volume.

Just when we started to think that this endless “drill” is over, we realize it may be only beginning.

[Sgt T]

What about the huge revenues coming in from the CEA deal? You never mention that.

[ranchhand71]

Fully agree with you . The huge coming dilution is a factor in the current price .

[ranchhand71]

The talk had not been 5 million shares as you state but $5 million .

[MSU]

Continue to average down, do not let up.

[Lonewolf1]

Looks like we will be trading in the .002s for a while, at least all of today’s actions indicate this.

There is virtually no volume, meanwhile Chan’s MMs are stacking the ask lower and lower.

Oh well

[Lonewolf1]

You have the POST OF THE YEAR sharpei.

It does no good to deny what is PAINFULLY obvious.

[sharpei]

It's annoying that there are several on here who dismiss legitimate concerns of LT shareholders with the insinuation that those criticisms are unwarranted.
You all need to go back to school and take a 'keep it real' pill. The accusation that Chan is less than forthright with shareholders is altogether too honest...If this stock were such a good deal there would be bigtime whales all over it. That's the bottom line-grow up and take your medicine.

[torn4now]

10K's are SEC filings - learn how to read them before calling someone out for FUD. The last one was janky as any true investor can draw that conclusion. You're right the Nov 10K hopefully will be legit. Until then we aint going anywhere period.

[AC777]

Great call JG, as this wolf came in with sheep clothing but couldn’t fool us for long!

BOOM

[jgrant93]

If they make a new s1 and raise the AS that's possible.

For now there are 100m more available to sell and we have not seen any added in 2 weeks now.

Are you one of the private institutional investors here to spread FUD now?

[kayak_wench]

By Nov 15 there will be hundreds of millions of more shares on the market.

[jgrant93]

Again that's not true. Look at the OS from that period start to end and it's impossible to have raised 385k.

Likely the crown cancellations were involved.

We need to.relax until nov 15. We will get the true picture.then...

[kayak_wench]

I disagree, the company is not doing fine.
Please respond to the nonsense of the $10k in profit reported for last quarter.

I posted that earlier and it was ignored by everyone. That lie about profit totally ticked me off. It appears to me that Chan is actively working on deceiving investors.

Do you think it is appropriate to borrow more money than you bring in in a quarter, use that borrowed money to pay off debt and then declare a profit for the quarter? That type of profit will put a company in bankruptcy quickly. In my mind to declare a profit you must bring in more revenue than you spend OR borrow.

[kayak_wench]

Yes, it is. It appears I had it have it be repeated before it sunk in. Sorry.

I think Chan using the Jefferson capital PR to boost price to dump stock.

Going forward I will not trust his PRs, I will only trust revenue reported and even then I will check that carefully.

Also the idea we had a profit last quarter is ridiculous.
We had revenues of $100k.
They had revenue of $385k from "Proceeds from notes payable and convertible debentures, net"

So what Chan did was borrow $385k to make it appear we had a profit of $10k so he could put out that PR. That $385k seems to be the source of their being able to pay off $271 of debt. Borrowing money to pay off previously borrowed money and then declaring it a profit is crappy. If that isn't illegal it should be.