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No dilution for the past 2 weeks... kayak wench?
August CSE Form 7 due out any time; watch for further news items on the following:
June CSE Form7 included: Details of any new products or services offered.
• Medallion GPS PRO the next generation fleet management platform to be launched at the NACO Convention
& Installation of Medallion GPS units initiated with several departments amongst NY State Counties.
& Discussions for CU Trak endorsement across Credit Union Leagues in New Mexico, Texas, and PR are in process – expect distribution agreements to be ratified in Q3
July CSE Form7 included:
Patent-pending filing was accepted by the US Patent Office for DTS augmentation – assigned to IGEN Networks Corporation and recorded as of August 4, 2022
New Pre-load for Portland Dealerships completed – additional Pre-loads scheduled for Q3/2022
Record registrations for Nimbo Tracking services received from existing dealerships this month – supply chain is improving across franchise dealerships
Installation of Medallion GPS units completed for first group of Counties in New York State
New orders for CU Trak received from Puerto Rico Credit Unions
Medallion GPS PRO the next generation fleet management platform to be
launched at the NACO Convention - well received with 15 – 20 sales leads to be converted
$IGEN On Balance Volume 10Y daily:
"On-balance volume (OBV) is a technical indicator of momentum, using volume changes to make price predictions.
OBV shows crowd sentiment that can predict a bullish or bearish outcome.
Comparing relative action between price bars and OBV generates more actionable signals than the green or red volume histograms commonly found at the bottom of price charts.
Granville believed that volume was the key force behind markets and designed OBV to project when major moves in the markets would occur based on volume changes. In his book, he described the predictions generated by OBV as "a spring being wound tightly." He believed that when volume increases sharply without a significant change in the stock's price, the price will eventually jump upward or fall downward." - Investopedia
" If a security’s price is in a downtrend while the A/D line is in an uptrend, then the indicator shows there may be buying pressure and the security’s price may reverse to the upside."
- Investopedia https://www.investopedia.com/terms/a/accumulationdistribution.asp
Lonewolf is correct. Charts ALWAYS show high accumulation while dilution is occurring because the data they use does NOT take dilution into account. To state otherwise is either ignorance or being deceptive.
You're very welcome, Sarge! :)
Thank you Sharpei!
Anything is possible with the right news and profits.
Working on a holiday weekend...that's a good sign IMO. Full court press
Why do you ignore the HUGE POLKADOT ELEPHANT in the conference room? The Accumulation!
The only manipulation that can’t be pulled off without a hitch is the accumulation. They can not hide the fact that they are loading while they are desking shares and driving down the pps. This will not go on forever. Once the dilution ends for good (good revenues) this will run. These crooks are going to want to sell for much much higher at that time. I just laugh now at post like this.
The accumulation chart is a figment of our imagination. Sounds about right. It’s not “real” accumulation because the price is low. Lol. Right…
Accumulation on the bid... followed by huge dumps if other buyers come in to dissuade new investors.
Simple.
Lwolf1 ,,,, according to your theory on light volume the MMS would drop price. I was waiting and wondering ;)
When there is REAL accumulation, the price of a stock rises steadily - it does not decline steadily and precipitously.
Let’s get real here.
“Accumulation is through the roof”
BWA HAHAHAHA. HA.
Have you seen the Accum Chart? Who’s loading up then?
I agree there is a nice spike due, for sure.
Not at all sure about Sarge’s theory that MMs are accumulating shares though.
Hell, if this was the case they would have billions and billions by now, since IGEN has been dumped steadily for going on three years now.
If we are having this same conversation a year from now and the price is down here or lower, then we’ll know who’s right, yeah?
Yeah, but they’ll dump until they don’t, right? They are trying to scare LT investors out of their shares to scoop them up at these ultra-low prices; you know this. The name of the game is is to stomach the volatility until the MMs are on your side and they run this sucker up like crazy…it’s coming
Not this past January. Maybe the January a year earlier.
Don’t forget:
1. OS much bigger now
2. Folks are MUCH more wary
3. Chan has lost all credibility
4. The technology is a few years older
5. MMs (Chan) will dump HARD into any rally
We need a Picasso to show up
The stock markets closed September 5th and next week from 7. I hope to see more government contracts , credit unions ect and profits coming in and more on financials..
No MMs sightings this has to be coiled tight and ready to blow .....
I remember in January, I believe, we had a huge day after a form 7….I think we traded like 1/2 Billion shares, so it is possible
It SHOULD be hard to argue with facts.
We would already be well above .05 if we had a CEO who did anything at all for shareholders.
Anything is possible in this stinky pinky land.
But it would take 100 million+ share days to move IGEN at this point. Maybe much more than that.
I’m still thinking we may merge w/PU. Maybe that is what all the dilution is for b/c it would cost some $…Wells would probably want us to get more contracts under our belt, first. The two companies have way too much in common for that scenario to be ignored. That would propel us to .06
If the next 10K is legit (no wonky crap) and reflecting profit then it could easily be around .05 ---very good possibility but we will see
If I were you, I would be hoping we clear .0041 by years end.
And I would be hoping the bottom was hit this week at .0018.
Let’s crawl before we walk, and walk before we run.
So are you still thinking .25 by the end of this year ? 2021 it was .50 right ?
3 different Mms
I.64 million showing.
How’s the L2 looking? How big is the wall at .0029?
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.
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.
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
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!!
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.
All clowning aside ,the volume is pretty lame ...
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.
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….
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
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!
100% agree with you
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