iGen Networks Corp (IGEN)

[AC777]

Lake Elsinore, CA, Nov. 15, 2022 (GLOBE NEWSWIRE) -- IGEN Networks Corporation (OTC: IGEN) (CSE: IGN), a leading innovator of Internet of Things (IoT) solutions for the consumer automotive and commercial fleet industries, today announced the exclusive partnership with Prolog, a global provider of supply chain and logistics solutions and services. IGEN and Prolog have established this partnership to integrate their commercial products and services to address the broader technology and solutions requirements of US Counties and the Federal Government.

Neil G. Chan, CEO of IGEN stated, "With both the County Executive of America (CEA) exclusive endorsement and our GSA/VA Schedule contract status that includes Pennsylvania, Michigan, New York City, New York State, Tennessee, and California, we have recognized that the Counties may require additional solutions to manage logistics and supply chain challenges inherent within large government organizations. Prolog, which has worked with the principles of IGEN over the past 10 years, is a global leader and provider of logistics and supply-chain management solutions to over 1200 clients, 80 distribution centers and warehouses, with over 250,000 commercial vehicles under management. Our exclusive partnership with Prolog now makes IGEN uniquely qualified to provide a full range of IoT solutions and services to our government and commercial fleet customers."

Juan Ignacio Avila, CEO of Prolog stated, "We are excited with the opportunities of this partnership with IGEN. Prolog has proven its leadership in providing comprehensive logistics, supply-chain, maintenance, and management solutions to some of the largest and most complex organizations in Mexico, Spain, and Central America. The partnership with IGEN will enable Prolog to apply its technology expertise and experiences to the US markets along with participating in the growth of our businesses together."

[AC777]

And again... 45k in q1 90k in q2 and then 135k in q3 is solid growth.

Lots more play left for this stock. If I were just finding it now I'd be quite excited.

[Lonewolf1]

Chan will delay the RS announcement as long as possible.

As long as his MMs can dump 3-5 million shares per day, he will keep the scam going as it has gone for the last 3 years.

When he can’t dump that much per day, you will see the announcement of a reverse split, probably at least 100-1.

With this he will usher in a new generation of “investors”, as he happily wipes out the present generation.

This will also result in the pumpers suddenly disappearing from this board, as they move on to the next project.

[alert1100]

Looks like Jefferson ,MM ,and shareholders bailing. IMO

[jgrant93]

Where are these shares coming from?

[sharpei]

Ah! I see. (However odd that a CEO might think his shareholders who are paying the bills and took a helluva chance on an otc ticker wouldn't be interested in such a major component of the company in which they invested. ???)
How shortsighted is this guy, if so? SHEESH!

[tapioca]

He’ll dilute this right into trips..

[alert1100]

Looks like a .0013 open tomorrow

[alert1100]

Right on time 3m t trade

[Sgt T]

Yes sorry about that. I think the mention from IGEN about the patent valuation was to get the word out that Chan was serious about infringement violations. Not necessarily for us to expect the information. Again my opinion.

[sharpei]

Don't fully understand your reply, Sarge. Would you clarify please. Thank you.

[alert1100]

If we get another t trade at close , millions of shares are being dumped .I'm starting to get worried .

[Sgt T]

I don’t think that will public information Sharpei. I think that was brought up to put some folks on notice. My opinion only.

[Lonewolf1]

We will NEVER hear anything on patent valuation.

Of that you can be DEAD CERTAIN.

[sharpei]

I would really like to hear 'something' addressing the valuation of the patent, especially now since the upgrade has been issued.
We all are now putting a great deal of confidence on Abel-no doubt he's capable-but would like to see 'management' trust its shareholders enough to enlighten us with more detail on important company matters.

[kayak_wench]

You are correct. We wouldn't of secured the last two deals without Abel.

[sharpei]

You're so right on! And, the buck stops at the CEO-it always does. We need Mark Wells or a facsimile thereof.

[alert1100]

We're getting stronger, and only 3 buy good time to buy ...

[torn4now]

I think this board is giving Chan way too much credit (if any) for the last two significant announcements. If it wasn't for Abel don't think they would've even materialized. Abel is da man and hopefully will take IGEN to great levels. GLTA

[Lonewolf1]

I can see this Sarge.

IGEN is down 70%+ since September 2, when I last posted before today.

Keep it up MR. CHAN MAN!!!!!

[Sgt T]

Since you’ve been “Gone” he’s made even more right moves. But I must confess that I have lied… it was when I said I missed you.

[jgrant93]

Pps isnt the company. And it's a better investment everyday here.

Thank you for allowing me to get it so cheap

[Sgt T]

Me too! I’ve been missing your sarcasm and FUD from this alias.

[Lonewolf1]

I’m just glad Chan is “making all the right moves” Sarge.

I would hate to see the PPS of this ticker if he wasn’t making all the right moves.

LOL

[Sgt T]

Agree 100%

[jgrant93]

Prolog for the medallion GPS pro

And then our partnership for CU trak last month.

[kayak_wench]

At this moment gloom and doom attitudes are certainly not warranted, but neither are the everything is rosy. As an OTC with loss since inception I don't think this company has ever been in an everything is rosy state. I was just a couple of months from thinking this investment was likely a total loss because they couldn't seem to be able to secure anymore county deals. Nimbo tracking and CUTrack cannot bring in enough income to pay the bills.

Things are still not rosy but we are back to this being an OTC company that in my opinion is worth the risk of investment at this price, for those who can afford to lose all of their investment.

But I do think at this point with the partnership with Prolog we have the potential for a PR that suddenly thrusts us into everything coming up roses at anytime.

[Sgt T]

I guess I missed the everything is rosy comments. I haven’t seen anyone post that in about 6 months. The doom and gloom comments are clearly false as the company continues to work towards the government DEALS that will make the most profit for the company and in turn the shareholders.

[kayak_wench]

The gloom and doom was warranted, it is the people who have been posting that everything was rosy that should be called out. There were no government contract(s) we had one that rolled out months ago and then NOTHING. It looked to many of us that something was wrong with the product at least in terms of they couldn't close sales with anymore counties. Now we learn they have partnered with another larger, currently successful company to address a need their county customers could not get from their current product.

Big question here is how long does it take for them to get their new integrated product ready for market. Remember the last CEO deal pretty much expired while they kept working on preparing their product for market.

We need this integration to be completed in the next few months AND for the product to be of high quality and meet the customer's needs.

[Sgt T]

Lot of doom and gloom post from the known FUDsters. Yet IGEN continues to move forward with GOVERNMENT deals. They can manipulate the stock, but the company continues to grow. Let’s get through with this dilution so we can move on. We need to see revenues and more counties installing.

[alert1100]

Penny stocks and OTC stocks have an average negative annual return of 24%. Over 90% of penny stocks fail. Penny stocks – those that trade for low prices, often less than a dollar per share – are dangerous. Period.

[Lonewolf1]

It is PAINFULLY evident from months, years of price action that IGEN is nothing more than an elaborate, carefully sustained, and highly successful SHARE SELLING SCAM.

R.I.P. IGEN

[alert1100]

Market cap 2.5 m I think price will drop further ...

[alert1100]

I'm waiting for 0.0010 0r 0.0012 this week ..

[alert1100]

If we drop lower, I will buy more

[jgrant93]

Added here. Anywhere in this range is good money for me.

[tapioca]

It is where it is for good reason,
charting stocks down here is useless.

[alert1100]

Dilution at its finest , no break in sight ..Damn

[alert1100]

Right on time 4:02 pm t trade

[Eddie T]

Haha that means we are due! (fingers crossed)

[sharpei]

Very welcome, ET...The chart's very tempting. It's been lumps of coal these last three Christmases....?

[Eddie T]

Thank you for the technical input Sharpei. Let’s hope Chan gives shareholders a Christmas present

[alert1100]

Can't say I blame you ; )

[MSU]

Not today.

[alert1100]

Are you buying ?

[alert1100]

If it drops lower, I will add .. like .0012

[Sgt T]

If Funny = Accurate.

[MSU]

Are you buying today?

[MSU]

You are funny :)

[sharpei]

$IGEN 5Y: Would like you to see why I believe .0012 is the bottom.



There is one indicator that I circled in the DMI/ADX box. It shows that +DMI has dipped this low once in 5 years. I find the +DMI indicator more reliable than the ADX for this purpose. So, we should relax and wait for the ever elusive catalyst...