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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.
Great call JG, as this wolf came in with sheep clothing but couldn’t fool us for long!
BOOM
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?
By Nov 15 there will be hundreds of millions of more shares on the market.
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...
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.
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 $271 of debt. Borrowing money to pay off previously borrowed money and then declaring it a profit is crappy. If that isn't illegal it should be.
Ranchhand is the one starting chan needs 5 million dollars for and is adding 2 billion shares...
Everyone just go home. Lol.
That's exactly what I said. They will buy 200m shares or 5 million dollars.
Lot of us Longs been here few years .But Mr Chan lining up his ducks in a row .patience Takes time to build a successful business...$IGEN
What!!? The 424B3 filing notes 200 million shares with a price estimate of $5 million. They are saying the maximum amount they would provide is $5 million on the 200 million shares. Buddy, there is no risk of 200 million shares being worth $ 5 million!
"Prospectus relates to the offer and sale from time-to-time of up to 200,000,000 shares of Common Stock, par value $0.001, of IGEN Networks Corp, a Nevada corporation, by Jefferson Street Capital, LLC, a New Jersey limited liability company (the “Selling Stockholder”). We are registering the resale of the above shares of Common Stock issuable under an equity line in the amount of $5,000,000 established by the Equity Financing Agreement, dated as of April 3, 2022 (the “Equity Line”), between us and the Selling Stockholder, as more fully described in this Prospectus. The resale of such shares by the Selling Stockholder pursuant to this Prospectus is referred to as the “Offering.” The Offering consists of 200,000,000 shares being registered issuable pursuant to the Equity Line."
I have been ready for that for a long time holding here.
The Equity Financing Agreement with the Selling Stockholder provides that the Selling Stockholder is committed to purchase up to $5,000,000 (“Maximum Commitment Amount”) of our Common Stock over the course of its term. The term of the Equity Financing Agreement commenced on April 3, 2022 and will end on the earlier of (i) the date on which the Selling Stockholder has purchased Common Stock from us pursuant to the Equity Financing Agreement equal to the Maximum Commitment Amount, (ii) April 3, 2025, or (iii) written notice of termination by us.
We may draw on the Equity Line from time-to-time, as and when we determine appropriate in accordance with the terms and conditions of the Equity Financing Agreement. The securities included in this Prospectus represent the Common Stock issuable to the Selling Stockholder under the Equity Line.
The Selling Stockholder is an “underwriter” within the meaning of Section 2(a)(11) of the Securities Act of 1933, as amended (the “Securities Act”). The Selling Stockholder may sell the shares of Common Stock described in this Prospectus in a number of different ways and at varying prices. We will pay the expenses incurred in registering the shares of Common Stock, including legal and accounting fees. See “Plan of Distribution” for more information about how the Selling Stockholder may sell the shares of Common Stock being offered pursuant to this Prospectus.
Before they can make a move on that 8B they need a patent on the AI driving technology that they only recently submitted. The patent review obviously told them the patent they have in hand is not sufficient on its on. I say that because rather than telling us the results of the review they announce they submitted the additional patent and then went mum on the matter.
So yes this is a market that may one day be available to them but it is probably a year or two out at the earliest.
The PR about raising $5 million from 200 million shares was total BS. To raise that much money at 0.003 would take almost 2 billion shares.
As I said I am not interested in accumulating more shares because Chan isn't interested in accumulating more shares.
They are going to have to raise the allowed share count soon as it appears they are diluting 100 million every couple of weeks. Why don't YOU do the accumulating for all of us. Someone telling me to buy is a sure sign that I shouldn't.
Buddy its 200M shares OR 5 million. You do a lot.of research and make yourself sound like you know what you're talking about but you're actually.out to lunch.
Go read the s1 dude.
IGEN's intellectual property portfolio will focus on normalizing the "big data" elements that influence driving habits along with correcting gross errors in assessing driver performance and driver behavior. Reducing what the insurance industry refers to as "rating-errors" is the single biggest opportunity for insurance companies. With an estimated $8B of annual rating-errors attributed to not understanding driver behavior, IGEN is positioned as a disruptive force in establishing actuarial metrics for the insurance industry along with providing a safer environment for drivers and their families. Key initiatives for IGEN for 2022 will be to strengthen its patent portfolio in the area of Artificial Intelligence (AI), in-particular as it pertains to electric vehicles (EV) and their inherent ability to collect data from a broad-range of external
Dilution to raise $5 million may well be weighing on the stock price now and for a while. For YOU a chance to accumulate more shares at this level for a while
I'm still looking for form 4s where insiders take advantage of low price. The fact they aren't interested, and they have bought at the bottom in previous dumps makes me not interested.
Makes me wonder if there is more dumping coming. Its been one full month and no updates about additional deals. It seemed they had momentum, then hit a wall. We need news about more contacts with counties.
Nothing volume cant take care of I'M going to add more
No question that this is being held down and loaded now. We longs are going to be golden. Join us!
The huge dump that took IGEN to .0018 locked to be somebody getting out with a sell order for about 5 million shares at the market. This individual ended up selling most of his holdings 10-12 ticks below the bid price.
Let’s see if IGEN crawls back into the .003s today.
With no news about anything day after day and week after week, upticks will not come easy me thinks.
Also, after the big dump yesterday the bounce was rather weak, with only small buys printing, instead of buyers “swarming” in like in the good old days.
One step forward followed by three steps backwards makes for slow progress.
The s1 is for 100m more shares.
The as is set.
You're lost.
Naive to ignore dilution IMHO
Well tapioca, if I was holding their positions in IGEN I can see myself losing a little sense of humor too.
LOL
Just above average # of posts, regardless of sentiment.
Companies that no longer exist can be on breakout boards if there's a flurry of posts.
"....What does the breakout board reflect?...."
Thanks David for the little take down today. It helped us identify who the real manipulators are on this ticker.
Absolutely, he only puts out things that will have a major effect on the company to come. Neil is his own worst enemy though when it comes to shareholders. I understand, he gets a bunch of emails and calls daily from pissed shareholders, but he should address shareholders problems better than he does. I believe he knows where this is going, and has a plan to make this company flourish! We will be seeing .004’s and beyond soon I’m sure!
Oh, we all know you guys don’t own shares here. Maybe a hint, it’s not going to be this low for long.
Yep, the 2 idiots from outer space! One like sushi, the other like rice.
Someone’s lost their sense of humor, understandable.
It’s like we have our very own beavis and butthead on board. Ya… haha.. cool... Space and Tesla and stuff…
Maybe somebody can manage to photograph Chan with Elon Musk!
Oh wait….Chan is in outer space, and I don’t think Elon would want to launch one of his rockets just to meet up with Chan.
Hey, we can dream can’t we?
Maybe someone can start the Tesla rumor
up again…wait that didn’t pan out either..((
It's like having Nostradamus on the board, but far lamer. I am glad he telegraphs the plays though. Hiding in plain sight
Thanks Sarge.
Don’t make me blush….
LOL
Anyone who's experienced this turmoil for 2-3 years deserves to be rewarded handsomely-and very soon. The market has a reputation as a b*ll-buster, but this ticker smashes ALL records.
You’re such a good guesser! Lucky to have you!
Enjoyed the gift. How bout one more tomorrow for us!
Yes, the writing was on the wall for that close.
Chan’s MMs set it up perfectly.
Chan isn’t putting a bunch of crap news out to pump the ticker, he’s building a huge business. I like it that way.
Please oh please give us news Chan… lol. We care so much about this price right before we run lol.
Chan’s MMs have now dropped the bid to discourage buying, in preparation for a “lower” close it seems.
This kind of price movement vividly demonstrates how meaningless a surge in price can be if there is virtually no retail participation.
This week we went from .0025 to .0036 in one day - but it was all MM action.
That’s why we went back to new lows - we’re literally cut in half - at the drop of a hat.
And without some big news, we could be in the .002s or .003s for a while.
Pretty easy to drive this down but slow bounce its moving
It’s bouncing, but VERY slowly because folks are dumping as it ticks up.
Hope it closes above .003, otherwise we may be down here for a while, as if we haven’t been down here long enough.
31772 Casino Drive
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