iGen Networks Corp (IGEN)

[pxxpy7]

Don’t pay as much attention to this as I probably should, so when I got a letter from IGEN thru my broker dated 10/7/22 that said authorized shares would increase from 1.9 Billion to 2.2 billion effective 10/27/22, I looked up. That’s today. Anybody else get such a letter?

[tcola]

If we don’t hurry up and get to a place where we can financially support our selves with out diluting, I’m afraid the price will continue it’s down trend.

[jgrant93]

Just remember we had 400k in deferred revenue.

[sharpei]

Share Structure

Market Cap Market Cap
2,910,703
10/26/2022

Authorized Shares
1,890,000,000
10/24/2022

Outstanding Shares
1,712,178,280
10/24/2022

Restricted
71,635,177
10/24/2022

Unrestricted
1,640,543,103
10/24/2022

Held at DTC
1,605,714,313
10/24/2022

Float
1,122,419,797
03/18/2021

[pxxpy7]

What’s the current share structure here, outstanding, etc?

[sharpei]

I can't imagine CEA execs were any too impressed with Chan's showing in CO. We've seen '0' results from that special invitation to attend NACO conference. #FamilyShield campaign never took off either; dealership #s improving now that DOWC, PPT (PCF Insurance, Lehi UT now) are employed.
I hope Abel has the time, wisdom and motivation to get this foundering ship turned around.

[kzivann]

Back in. Bottom big bounce perhaps.

IGEN

[kayak_wench]

If the revenue is good I suspect they will announce it early in a PR like they did last quarter. They PR'd the net profit Aug 5 and the 10Q dropped Aug 9. The 10Q normally wouldn't of been published for another week.

Although given they dilute into ALL PRs as much as they can you don't need to hurry. Even if it is awesome they will water it down such that we stay around the same level.

I don't think we will see share increase until they bring enough revenue in to fund all their expenses. Not sure if they will ever happen because we aren't seeing the growth I expected. At one point they implied they would have 18,000 devices out in the first 6 months. Now we are looking at 4,000 for the year. I do not think the CEA deals are coming together as Chan claimed they would. No word at all about anything relating to counties in months.

[alert1100]

When they stop with the t trades maybe we get some traction.

[alert1100]

Need more support

[alert1100]

You have a bid in for 17s I got filled yesterday 120k @ 0.0017

[MSU]

Do not let up. Get another million today.

[jgrant93]

Unfortunately they dont make it too enticing to hit the ask.

So I'll bid sit with everyone else for now.

[jgrant93]

Trying to get my 3 million added before nov 15. Have added 1m so far.

[alert1100]

Yes that would be nice this is so undervalued .I was hoping they got more contacts at the last conference. The last 2 notes did a job on share price the last 2 years .

[jgrant93]

I'm betting on a solid 10q to hopefully break that 004 resistance that setup the past few months.

[alert1100]

18s up let's see how the day goes

[alert1100]

Goodmorning IGEN let's see if I can score 15s

[alert1100]

Getting close you watch the end ...

[alert1100]

I was thinking about adding 1M

[MSU]

Give us one more clue to the puzzle?

[alert1100]

Just watch the year 1776

[MSU]

I thought it was 1865 that was a good year?

[MSU]

Tell us what is going to happen? You know we want to know.

[alert1100]

Watch the eod. $IGEN

[alert1100]

1765 was a good year $$

[MSU]

Perfect.

[alert1100]

Just added more 2M to go ....

[SmootchmyPootch]

Full court press by the resident clowns, especially the one in all caps. Nice

[MSU]

Just stay focused on buying more do not look back until it hits your magic goose egg.

[alert1100]

Yes putting it mildly but let's hope it turns around soon .

[tapioca]

Good grief, what a mess.

[alert1100]

T-trade was 8M @ 4:00pm my 17s never filled ,tomorrow's another day in IGEN ....

[tapioca]

Must have been a substantial t-trade AH?..I’m on the
road but just seeing volume.
This isn’t budging from this area.

[ranchhand71]

helpful...thank you

[jgrant93]

So for everyone talking about dilution you'll have to wait for an s1a or a new s1 for them to be able to add shares...

OS was 1.472 and were not 1.712 plus the 50m or whatever jefferspn was gifted.

[jgrant93]

I believe our s1 is completed now. 200m shares have been added.

[alert1100]

OS shares are close to 2mil hope they don't do a R/S

[alert1100]

Somebody sold 5M

[alert1100]

My bids in for 17s

[sharpei]

#OTC is on FIRE!!! Where's IGEN's play?

[ranchhand71]

YOU can ask them ! You know the answer. Will there be a new independent Director

[Eddie T]

Yep…nonsense. I wonder what their motives are….?

[alert1100]

Can we break that 20 wall

[jgrant93]

Let's see some revenues growing soon

[BDEZ]

Man, never thought we would go this low.....hoping reversal is soon.

IGEN

[Sgt T]

You have no proof that the board members were “frustrated” when they left at all. Just more nonsense.

[jgrant93]

Theres not long until nov 15 and we should see an increase in recognized revs and hopefully deferred also.

Growth for 2 quarters will give us a rise in SP

[sharpei]

I hope he realizes he may have bit off more than he could chew when he decided to go this route (OTC); we've allowed him to get away without any direct contact with shareholders....k_w was the first to publish facts re: who has brought the contracts in...All the time and shareholder money that has been wasted with Chan attending Agent Summits, the NACO conference and others...in over one year since those were attended and zip.
The timing is very interesting that Abel was names COO, then boom! the PR that the Puerto Rico contact is finalized.
What's going on behind the scenes....
Re Mark: I haven't seen people 'bailing' from his PU, or any lack of growth there.
What were the numbers on the Patent Valuation? 16 months (at the least) since that was completed.
Shareholders have a right to know that as well as have many other questions answered.
Where IS the beef?

[ranchhand71]

Abel seems to be responsible for most of the sign ups the past 6 months. Wonder what Neil Chan is doing since his efforts at fund raising have failed and dilution overhang is a huge weight on stock price level.Many believers have been strong supporters of Chan who had not delivered, does not communicate with shareholders and has seen the past two independent Directors get frustrated with his performance and resign. Maybe shareholders would be better off if Chan takes the next step and step assign to let Abel and his faction run with the football.? Mark may be the decider before year end .If December or January Form 7 does not show new paper announced account relationships finally starting to generate revenues and badly needed cash Chan could be toast and be forced to take the next stop out. Might be a relief and positive for shareholders.GO Abel!!