iGen Networks Corp (IGEN)

[N-13]

What happened to IGEN, is it going down to the trips? I made some money here in 2020, maybe another opportunity here again?

[alert1100]

. 0.0000

[MSU]

That is the only way. Now you are averaging on down, remember now when to stop buying?

[AC777]

Ethereum just merged!

Looking for a great scale up asap…

[Bionic Man]

Thing is, where do you invest the money? This market in general sucks ass.

[alert1100]

Got me some 24s like taken candy from a baby ...yes ...

[Double-K]

I’ve got a mil for $2500 if you want em, Sarge. I need to make some moves and try and make some money. This may have a bright future, yet to be determined, but this is and has been dead money for a while now.

[Double-K]

They should have their own money at this point and not need to do this. We’re supposedly profitable though so maybe the AS raise is precautionary. They need to have some flexibility with the structure either way. Really hoping for something good in the next quarterly.

[Sgt T]

All I can say is I’m willing to wait. This has been a huge disappointment for a long time. I’m going to hold out for the big pay off. It will come one of these days. When you are waiting on the government to act it can take a lot of time. Politicians are most likely loading and so will I.

[jgrant93]

Doesnt exactly exude confidence does it though... what expenses are we even incurring at this point?

All this paperwork better payoff soon.

And this magic 750 number on preload and installs must be some free trial deal he gives out or something

And so far nothing on new orders from any of the previous announcements.

please new york... you're our only hope.

I cant see anything in the near term here anymore.

[Sgt T]

I’m not happy with them adding more shares, but when it is for orders to be filled it’s not quite as hard to deal with. IGEN is still growing and one day we will all get what we are waiting for here. Until then, we just wait. Come on Neil let’s go!

[AC777]

This 300M should suffice!

As there’s amazing orders & movements pushing through!
Wait for It…

[Double-K]

I just called this a few days ago. Was expecting this. At least it’s minimal at 300m. I expected a little more.

[Eddie T]

Nah…no worries. We are all just waiting on significant news…not vague tweets or form 7s, but an actual PR about installs/deals/contracts etc. Until then, the shenanigans will continue

[jgrant93]

Doesnt feel good seeing an AS raise before we even completed our s1 ...

We might all be wrong here.. fuck

[BDEZ]

Green nice…

IGEN

[Eddie T]

IGEN Directors voted to increase share count by 300M to 2.2B total. I am not sure if this is old news as the voted on it 8/31

[alert1100]

Green close ,,,I'll take some 25s Monday......

[alert1100]

Chan if you read this post do something for shareholders stop the delusion.

[alert1100]

They are still dumping shares . ..Who would sell this low ??

[GMJDubbs]

The insurance offset ALONE would entice more buyers to keep the unit. Wait til that becomes mandatory - just like the ELD for commercial vehicles . Patience will prevail here when it’s law to have one installed or even sooner when it’s NEEDED to get your insurance or qualify for major discounts. It’s the win-win scenario.

[sharpei]

Always adding to shareholders' knowledge-thank you!

[tcola]

Anyone know why so much time and effort is being put in to continually force iGen’s Mkt Cap down?

[kayak_wench]

I am glad they don't PR pre-loads. I think pre-loads deserve being noted but only as part of bigger news or in a tweet because they are not money made they are an opportunity for money to be made in the future. They have estimated that somewhere between 50 to 80% (the 50 is right, not sure about the upper number of 80 it could have been lower ....not going to look it up right now) of pre-loads turn into orders. To this 750 units means, about 375 to 600 units sold.

[Ping70]

33% would get us 250 units and subscriptions per month

33% is a good percentage to use for a finance person.

The unsold ones will be removed and placed on new inventory as it arrives.

I believe you are spot on. I haven't installed an IGEN unit but doesn't it just plug in? You would think that could be done time of sale.

[Mickeymike13]

If the dealership group( 750 vehicles is a lot of vehicles for a single point store in the current market) has a 30 day turn of inventory and 50% penetration of Igen sales to the consumers, that would equal out at 375 units a month. 33% would get us 250 units and subscriptions per month. Anyone see this differently?

[Mickeymike13]

Preloaded at a dealership seems like the units are placed in the dealerships inventory and can be demonstrated to consumers for a package sale in the finance office. Some percentage of people will buy them , some won't. The unsold ones will be removed and placed on new inventory as it arrives. Not sure this is how it works but it seems likely.

[Double-K]

lol. Every pr with never any guidance but at least it’s news for now. I still want to know how we make money exactly. I get the concept but have no idea of the breakdown. We’ll know more in the next Q. Hoping to see some more and better revs/profits.

[jgrant93]

Always hiding the details too... which NY dealership.. why can we not know which freaking dealership it is ...

This just in CEO of a company reports that things are moving in a direction. Much more to come!

What?

[Double-K]

Agreed but still happy get some good news. Hopefully more to come. They seem to be gaining steam as a company. Hopefully pps will catch up soon.

[reindlll]

Don´t get them why they are not PR´ing such things. I mean how many are reached by their tweets.

[reindlll]

Not at all. Just feel better when the share price reacts accordingly.

[tcola]

Slowly but surely Team iGen is getting it done ??

[Ping70]

NY dealership order for 750 pre-loaded vehicles

I believe this company is doing a test on just one of their dealerships. If all goes well more orders will follow imo. Just think if they get in (or are in) with just one of these groups....Just look at the number of units. WOW! Be interesting to see who it is.....

CarMax Inc.
Number of Used Units: 396,181
Main Location: Richmond, VA
Number of Dealership Locations: 103
Total Number of Units: 659,242

Larry H. Miller Group of Cos.
Number of Used Units: 30,764
Main Location: Sandy, UT
Number of Dealership Locations: 45
Total Number of Units: 62,430

Lithia Motors Inc.
Number of Used Units: 41,422
Main Location: Medford, OR
Number of Dealership Locations: 86
Total Number of Units: 58,398

Group 1 Automotive Inc.
Number of Used Units: 70,475
Main Location: Houston, TX
Number of Dealership Locations: 100
Total Number of Units: 112,897

[sharpei]

Rene: Feel better now?

[sharpei]

My slow brain....Something I didn't catch til later: "its first NY dealership order for 750 pre-loaded vehicles..." At first I 'read' it as if it were a 'New York County' order-but, it's not-it's a dealership!!!! Perhaps Im the only one who read it wrong.

[JMMatthews]

Very nice:

Congrats to IGEN’s Nimbo Tracking team for securing its first NY dealership order for 750 pre-loaded vehicles….looks like just the beginning of a great partnership

— IGEN Networks Corp. (@IGENngc) September 21, 2022

IGEN $$$

[Eddie T]

Just saw that and retweeted…Let’s gooooo! It’s time for news to start flowing!

[ME93]

Tweet out:

Congrats to IGEN’s Nimbo Tracking team for securing its first NY dealership order for 750 pre-loaded vehicles….looks like just the beginning of a great partnership

Congrats to IGEN’s Nimbo Tracking team for securing its first NY dealership order for 750 pre-loaded vehicles….looks like just the beginning of a great partnership

— IGEN Networks Corp. (@IGENngc) September 21, 2022

[Eddie T]

Someone sold at 350PM to knock the price back down…the shenanigans with this stock are absolutely ridiculous. Every day someone/thing paints it down… so we continue to wait lol smh

[sharpei]

Same wedge.

[Double-K]

Company does have a lot going for it on paper but the more they dilute, the less this runs due to the laws of supply and demand imo. Need to get through this round of dilution and be self sustaining on our own SIGNIFICANT revenues and profit. There’s another AS raise on the horizon also and it needs to be capped there for a good while. I recognize the market in general is def snuffing out any run before it can happen and it’s not unique to Igen. There are a few that are popping here and there but better SS and buying pressure but most are hitting lows. Market needs to go bullish again sooner rather than later but good buying opportunities if one has cash to come off of. GLTY

[jgrant93]

Theres always a new wedge lol...

[sharpei]

$IGEN 6M: Where we are...



It looks to me like any time btwn now and October 4.

[AC777]

Amin

[Eddie T]

Sharp made an interesting point to me recently; this company has a lot going for it and doesn’t deserve its current mkt cap…therefore, the longer the shenanigans last, the more gonzo this thing goes when we actually get a solid PR…made me feel better lol

[Double-K]

Man, Chan has gotta do something here to generate excitement into buying pressure. This stock is just a punching bag at this point. Tired of getting beat up every week.

[alert1100]

Tomorrow I can buy cheaper ....

[alert1100]

Might be stop limit sell ..triggered imo

[Eddie T]

Someone dumping at the close…