iGen Networks Corp (IGEN)

[jgrant93]

Disappointed but I think still increased from last quarter...

Still though wheres the money. Hope were not batting out of our league.

[reindlll]

Any professional opinion about that 10Q?

[jgrant93]

Mmm

[ison929]

10q out

http://archive.fast-edgar.com/20221102/AB2CM22CZ22282Z2222I2W4CQ9APZC22S242

Filed on: November 2, 2022

[alert1100]

Some nice sells eod ... drop it lower ...

[alert1100]

You get 19 ,I did late today.

[jgrant93]

Added 300k on the ask and they drop it damnn

[alert1100]

Can't seem to get pass .0020s come on ...

[12Retyr]

Good Morning IGEN!!

[sharpei]

ASEC sounds enthusiastic!

[sharpei]

It may take a couple months for contracts to show up...? But, yes it's a positive...one step at a time, Sarge. I hope I can wait out the next couple years...it all could take awhile.

[Sgt T]

Thanks Sharpei. Looks like IGEN is making great progress! I will be holding for gold!

[Ping70]

Thanks for the post and link JM!

$IGEN

[tcola]

Thanks sharpei, sounds promising.

[sharpei]

re ASEC Association of Credit Union Executives of Puerto Rico:

"This agreement will enable ASEC and Credit Unions to generate new revenue streams in marketing IGEN's CU Trak and FamilyShield to their members and families. In conjunction with the U.S. Department of Treasury's Community Development Financial Institutions (CDFI) Fund, which has granted $13.2M to 105 Credit Unions and Cooperatives for Technical Assistance in 2022 thus far, the CDFI Fund will provide the financial assistance to Credit Unions to utilize CDFI qualified technologies for the benefit of their members. On behalf of the Board of Directors of ASEC, it is with great pleasure to announce our partnership with IGEN Networks Corporation. As we strive to transform our Credit Unions in Puerto Rico to utilize innovative products like CU Trak, IGEN Networks is the perfect partner to help us get there. We look forward to a long-term relationship," said Aurelio Arroyo, President of the Board of ASEC.
Since the first time I interviewed Abel I. Sierra over our radio station a couple of years ago, I knew CU Trak would be a game changer for our Credit Union community in Puerto Rico. Now that the pandemic is behind us, we are much better position to promote CU Trak and with the support of the Board of Directors we look forward to expanding the use of IGEN technologies for all Credit Unions in our beautiful island of Puerto Rico," said Dahlia Torres, Executive Director of ASEC
"IGEN Networks sponsorship and participation at ASEC's annual meeting in Punta Cana, Dominion Republic was a huge success. Although Credit Unions have heard of similar technologies in the past, no company has ever focused on addressing the specific technology needs of Credit Unions and automotive financing like we have. IGEN has developed products like CU Trak with ASEC in Puerto Rico in anticipation of further expansion into Latin America and further partnerships with ASEC affiliated organizations like the CUNA Mutual Group," said Abel I. Sierra, Chief Operating Officer of IGEN Networks Corporation."

[sharpei]

It's becoming clear why Abel was needed in this position...He'll be racking up the ties to Latin American credit unions!

[Steelyd3]

IGEN $$$$$

[JMMatthews]

President of ASEC Aurelio Arroyo announces the agreement between IGEN Networks and ASEC where the association and individual credit unions will get a revenue stream from each CU Trak and FS device deployed.

President of ASEC Aurelio Arroyo announces the agreement between IGEN Networks and ASEC where the association and individual credit unions will get a revenue stream from each CU Trak and FS device deployed.

— IGEN Networks Corp. (@IGENngc) October 31, 2022

IGEN $$$

[ranchhand71]

Any update on progress ? Paper releases not the same as accounts signing up that generate cash revenues....

[sharpei]

L2 IGEN:

https://investorshub.advfn.com/uimage/uploads/2022/10/31/zturcL2.png

Sorry, reindll, I just saw it...

[jgrant93]

Some pretty big followings on twitter starting to poke around here. Whatever triggers our run should be pretty awesome. Hope everyone's loaded up. I hope I have another week or two to add.

[reindlll]

Can you please share L2? TIA

[sharpei]

It does seem the stars are aligning.......

[jgrant93]

Nice bid support at 0018... expecting the turn around soon here.

[sharpei]

Buckle up... JoeCazz, Eager Beaver and GraniteGod all tweeting IGEN on Twitter.

[jgrant93]

Decent chatter on twitter

[sharpei]

$IGEN 3M: It's past time...

[jgrant93]

Also the AS raise hopefully is to give a buyer 300m shares and cap us out rather than for another s1...

[jgrant93]

Anyone else feel like were on the edge of something here?

Dilutions over... 10q is in 2 weeks...sp has bottomed out around 0017 for the past couple weeks...volume is picking up...abel promotion/board chatter... chart appears to be moving upwards...

I've added 1.1m so far but wouldn't mind getting more before december...

[ranchhand71]

If you think some are abusing and posting/pumping falsehoods in an attempt to manipulate feel free to report the poster to:
Canadian Securities Administrators
Tour de la Bourse
2010-800, Square Victoria
Montréal (Québec) H4Z 1J2

It is easy for them to check the history of certain claims here like patent promotions, claims of account sign ups ,claims of “Chan market makers “ and even the possibility that a poster is a company employee as the posts and posters are here going back quite a while. The staff is quite diligent and responsive.

[sharpei]

$IGEN 1M: The 10MA is beginning to curl up; but, my big 'tell' is the smooth diagonal upper left to lower bottom on VOLUME. It's been quite reliable as a change in trend indicator (Works the reverse, too. Look at MNGG, as it hit a high of .0011 from 0000. P.S. TTM Squeeze works similarly on its Histogram.)

[Power of Emouna]

Thanks! Same to you!! $IGEN

[Sgt T]

Nice to see you PoE. Have a great day.


$IGEN

[Power of Emouna]

Yes I also got the same letter! The letter states on or around 10/27/22. $IGEN

[tapioca]

Got it also. 2022 almost in the books and
look at this pps. Complete disappointment
as another year winds down. Otc has killed me
this year.

[alert1100]

I got one dated Oct 7,22

[Bionic Man]

Yep, I got 2 letters just the same.

[Eddie T]

Yep. No surprise though as I believe we have known about it since August

[Double-K]

Yeah I got one and pretty sure others on the board have as well.

[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