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I think it is exactly the same as July’s…Anything significant is going to come via PR. Let’s hope we get some contract news soon
"This is the sort of tricky things Chan does in Form7s. Not lie but not make entirely clear" Well stated. Some think this is true for past few years not just this filing.
Need for money will cause more dilution in the year ahead which might keep a lid on share price. Time will tell.
100% correct. This will take some time, but we are making progress slowly but surely. I’m looking forward to seeing the value that the patent will bring to the company.
Ping great words of wisdom!
Hope it gives clarity an guidance where needed!
Patience is a virtue and a virtue is something worth having!
KW, the form 7's that everyone keeps waitng for are nothing more than company updates (as I have said a thousand times). I know it's been year's since we all invested but this is a start up company with some progress. I agree the form 7's sound like the same blah blah but that's all they have at this point. There is no way every month they have something new to share. What company has that type of progess to report every month???? Is everyone waiting for next months form 7 again...LOL come on. Folks we have invested our money in a start up company that is a penny stock. Regardless of the share price for me I'm going to "Let It Ride" I believe in Neil Chan. For me it's little risk big reward. GLTA
Thanks Sharpie for your post....Of course Sgt as well.
Thanks for the brake down k_w.
I didn't see much progress or promise of future progress in this Form 7.
I came to that conclusion because there wasn't much new, what was was 'eh' news at most,and they have a few statements that are not clear which I believe is Chan's attempt to make things look better than they are.
Good news of new sales could come at any time but to me it doesn't look at all like we saw business expansion in August.
What was new information in form 7:
- Medallian GPS will have 350 to 400 more commercial assets deployed in the last quarter of the year. Frankly this is disappointing. They never told us how many they already deployed but a few hundred items is not enough to improve this stocks performance we need at least thousands if not 10s of thousands in a year.
- The last item about market trends had a new but confusing phrase about "funding increase for credit union membership services". What does funding increase mean? What funding. Funding is not revenue. It could allude to the federal government increasing funding to support infrastructure which can include credit unions but that doesn't at all necessarily translate to more business for IGEN. I tend to think this is a Chan tidbit that means nothing but could cause optimistic investors see something that isn't there.
What had additional information provided:
- In july said there would be more pre-loads for Nimbo in Portland, this month they put a number on that of 500 to 1000
What didn't change:
- wording about record nimbo tracking services received is identical in both forms. Could mean that happened again or they felt they could say it again (like the wording on the patent-pending being accepted was unchanged). Probably the latter or they would of changed wording to say something to make it clear this happened again. This is the sort of tricky things Chan does in Form7s. Not lie but not make entirely clear.
- still haven't closed the deal on CU Track in Mexico, Texas, PR or Latin America Association. The time period of Q3 remained, but we only have 2 weeks left. Most of these started out by referencing Q2. So we are looking at 3 months no progress. Not good.
What we didn't hear about
- Nothing said about 15 – 20 sales leads GPS Pro leads from the recent convention.
- took credit for 6 new automotive dealerships, 4 new credit unions, and three new distribution agreements for a third month (was first announced in Jun 2022).
This ticker is a.................. (You finish it!)
Quiet before the storm ...
Not going anywhere just added more to my stack
What difference you mean?
I’m going to go out on a limb and say we see the form 7 today. Would like to see something new in it, that hasn’t been heard or seen yet.
He's just a flipper alerts you when he is done loading.
Only care about this again when I read about a buyout deal.... Chan is boring me to death at this point with his horrible convertible deals he sold all of the long out for.
Thanks, k_w: After posting an F7 a couple months ago on the first, it didn't feel too unreasonable to expect it by today's date...
More than 'when', I hope it will be filled with new augmented conquests for the company...at the least. :)
In the past 2 years they have put out the form7 as late as the 14th and 13th in Oct 2021 and Jan 2020 respectively. I did not look earlier than that. In those cases there was nothing special about the form. I suspect the person responsible is behind, on vacation, or something like that.
I'm not buying IGEN today so price won't drop ...
??BALLA?? 46K Followers
@stockballa ??BALLA??
22h
"Bought some $IGEN on patent news."
An example of "Sell the News"....
I will be grateful if we can hold .0025 before we get the news we are waiting for....(Don't ask! ????)
I said hope that “we” need as shareholders. And if
you don’t want a response from me then don’t ask
a question, like “why post this kind of stuff ?” Because
I’ll respond with an answer. The Form 7’s do nothing to
help this ticker: FACT
Use the ignore button please.
Exactly right! My point is just like now the pps isn’t down because people are giving up or need hope. This being held down and brought down to accumulate in these low ranges intentionally.
I don't think we are in disagreement, Sarge. The company has supplied the ingredients for a good deal of the mischief.
My axe with Chan is that he withholds information that could easily calm concerned shareholders (to a point), just with simple clarifications-but, chooses not to.
The Form7 is a great outline...but, really 'outline' is pretty much what it is...and, a bare minimum, imo.
It has nothing to do with “how I say the company is doing”. Its all in black and white every form 7, patent’s, GSA/VA status, and New York bid for CEA started, etc. My opinion doesn’t matter here, these are the facts that should give you the hope that “Lord knows you need”.
While I agree with you on all of those things, I don’t believe this is true dumping/ selling that has brought us to these lows. This is a manufactured take down and we don’t move at all until “they” decide we do or we get massive volume. No argument from me on the fact Neil needs to show us the money for sure!
As I said, the Market has placed the value
of the company not you, so regardless of how great you
always say the company is doing, the pps
certainly does not reflect your opinion.
Rah rah, back into the 002’s.
I’m excited about how they are taking control, accumulating and manipulating this stock for so long!
As it makes me nervous to thinking how explosive they will control an manipulate this on the flip side bro!
.80-1.00
Tic Tic Tic
Stay Tune…
This...the destruction of the price of a stock...is due to the lack of positive income growth. Yes, the Q2 positive bottom line was good news and helpful, but the market is looking for 'solid', 'continual' growth. When that happens the price will react accordingly; other beneficial news such as a merger or additional contracts, or leases of our patents will help to bolster price.
Fast ball straight down the middle strike one!
Let’s go Sgt strike this designator hitter out…
BOOM Time!
This is being held down for a reason. I don’t care if you agree with me or not. Obvious, blatant, manipulation. The company continues to grow and make progress every month. The PPS is not a true reflection of the company just as Neil has stated. Someone is loading as much as they can here and I believe it is people who know exactly what is coming for IGEN.
If the form 7’s don’t give you hope then you aren’t looking at them closely. We see steady growth of the company. The company is doing great and growing all the time. Why post this kind of stuff?
And still one or two dumps away from 2’s of
course. We’ve all seen what the Form 7’s
do here, a big fat doughnut, but maybe this upcoming
one will prop it up a bit to at least hold the 3’s
and give investors some hope and encouragement.
Lord knows we need it.
Thank you for all your insightful DD, k_w.
Yep spot on as always and appreciate your posts. Couldn't agree more. I was hoping for a big update on the CEA front which we still might get a PR with some meat in it. I mean what the hell was the 3 year contract extension about. Geesh
The biggest concern is that if they wanted a PR to prop the price up they hadn't nothing new to say. They have been talking about distribution agreements with Credit Union Leagues in New Mexico, Texas, and PR in their form7 since May. That would have been a great PR that translates directly into more revenue rather than a repeat of news they have already told us and only now believes deserves a PR. Hearing that those agreements, at least some of them, had been signed was the news I was waiting for from this form7. I'm now thinking that is a long shot. Hopefully I'm wrong, we need that additional business.
So tired of seeing "red" on this investment and waiting patiently for this "game changer" being reflected in the PPS. So we go from May 2022 to August 2022 just for a damn modification. Guessing at this pace we will be waiting till June 2023 for this "game changer" IF it even occurs. That will put this "game changer" at two years old.
UNBELIEVABLE
The fact they had applied for another patent was known since the Jun Form7. So I wouldn't really call this news but it is a nice PR that gives us some details.
I still feel this patent 'improvement' is a response to the completion of the due diligence on patent infringements. Meaning I think the outcome of the review by lawyers to see if IGEN can claim infringement was that they needed to strengthen their patent portfolio before pursuing anything legal. I'm saying this because the name of the patent is the exact same but they through in the word 'Real-Time'. The first patent was also a real-time application so its not to differentiate it. I think it is patenting the same concept but making it stronger. That should help it get approved without someone else getting a patent for the same thing before us.
As for how long to wait it takes between 1.5 to 2 years to get a patent if things go well. The first patent 'Method and System for Creating Driver Telematic Signatures' was submitted on 04/18/2019 and approved on 05/26/2021. Companies can request and pay for expediting review but I have never seen an OTC company do that. I think that can shave off 6 months. But its not really needed because the patent pending provides protection as long as they eventually get the patent eventually.
From may form7
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