iGen Networks Corp (IGEN)

[ranchhand71]

No —the one to be published for 2022. Might be held up beyond February but will get published.

[jgrant93]

The same accountant report and publisher report that's copy paste into every otc ticker?

[ranchhand71]

Why are you so sure—look at the balance sheet. Expect a rude awakening when year end annual report and accountant’s report is publish. Respectfully-you are not looking at the financial details. Sure buy more shares on the way down , follow SGT hype and opine on trading volume/pattern but do not justify because of their credit!!

[ranchhand71]

Horrible credit-deficit balance sheet-cash to last how long?
Chan May have good credit but the company??

[jgrant93]

I'm sure chan and co have good credit.

The company isnt in debt my good man.

[ranchhand71]

Could it be concerns over current credit reports that most purchase agents would do routinely before a new vendor relationship can start??!!!

[jgrant93]

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.

[jgrant93]

Just because there is nothing yet doesnt mean there wont be ever.

[alert1100]

Patience, they will be back ..mark this post

[MSU]

.0012 have mercy.

[MSU]

Yes buy, but do not forget to stop buying at 0000.00

[sharpei]

repost kayak_wench November 03, 2022:

"A tweet with no new news whose purpose seems to be excite investors is usually related to dilution in OTC land. If the tweet were saying installations of CUTrack in Puerto Rico will begin this year, that would have been news. This is just rehashing the PR from Oct 24. I'm bracing myself for tomorrow. I'm thinking we might hit another 52 week low."

[sharpei]

Dear kayak: Imo you have the keenest mind on this board. We know who has the answers.
What of the patent? Why does the CEO choose to withhold the valuation from shareholders?
Why does he withhold so many answers-like where are the weaknesses in procuring signed contracts from the multitudinous contacts he has made at conferences?
He's used 'carrots' like 'gamechanger' how many times when addressing shareholders...Why? Is it his intent to deceive?
Where are the contracts? The original patent issue was June 2021-nothing in the wind since (with exception of additions that allow accomodations for larger trucks.)
The weight of the questions is outweighing the perceived value of this stock...(The two biggest proponents BionicMan and SgtT no longer charge at naysayers...We are all asking the same questions now....... :(

[kayak_wench]

Great questions!

[tapioca]

T-trade, dilution goes on.

[sharpei]

Why have all the monumental opportunities gone up in smoke, ,,,,and where are all the pumps?
Is it the product?
Is it the marketing, (or lack thereof?)
Is it the pitchman?
Something, or someone is responsible.

[torn4now]

Unfortunately no --- not this year. With a kickass 10K possibly but that ship has come and gone. What is also gone are the days of OTC stocks just running as soon as dilution stops. Anyway just my opinion but it's gonna take a real juicy announcement to reverse this awful downtrend into a sustained reversal. I'm still waiting for USAA to save us all LOL

[reindlll]

The MM that in most cases mean dilutiin

[Eddie T]

Who’s that?

[reindlll]

Thanks

[sharpei]

CFGN B 12. A 15. 10000

[reindlll]

Someone with L2 here? Is CFGN on L2?

[jgrant93]

Just checking.

[tapioca]

This isn't a reversal.

[sharpei]

$IGEN 10Y Monthly:

[sharpei]

,,, a reminder:

IGEN is heading to REACH 2021 at the Marriott in Palm Springs November 1st through 4th! CU Trak will be representing IGEN, sponsoring the Welcome Reception & concert featuring
@TylerRichMusic and
@temecularoad, held the night of the 2nd! #REACH2021 $IGEN #CUTrak #CreditUnionsCare
1:05 PM · Oct 26, 2021.


IGEN Networks Corp.
@IGENngc
Nimbo Tracking is in Las Vegas this week at the AE Agent Summit! Come by our booth and get some cool swag, grab some literature, and have a chat with us about how we can improve your dealership's asset protection. Visit us online at http://nimbotracking.com as well!

August 30, 2021

NACO Conference, Colorado
https://www.naco.org/events/2022-naco-annual-conference

Was there one contract signed from any?

Yet:
"IGEN Networks Corp.
@IGENngc
Big things happening at IGEN Networks. Come have a look for yourself here: http://ow.ly/G8IM50Kc7T2
#IoT $IGEN #Q2 #Trending #twitter #GoodNews"
August 5, 2022

[reindlll]

OS went up by about 80 million shares and the restricted share count went up by 20 million
https://www.otcmarkets.com/stock/IGEN/security
--> So in my opinion the whole S-1 has to be consummated.

[reindlll]

Might be as I think all the 200 mil from recent S-1 were diluted already.

[jgrant93]

Anyone else feeling good about reversal here ?

[jgrant93]

Someone bought 8 million shares at 0014 today... and we saw pretty good volume past week or so.

Reversal might be in off that 0012 low.

[alert1100]

Buy

[reindlll]

Well friday is here and it's not a good one.

[jgrant93]

Just the market is tired of lending igen money by the looks if it. The share price isn't reflecting what direction igen is heading in the past 6 months but rather where they have been going the past 3 years.

If they keep improving the company the share price will follow. Good time to be buying.

[torn4now]

Yep and it was another great "feather in the cap" no doubt. Approaching a year from that announcement and IGEN is 5 ticks away from trips. What the hell is it gonna take to reverse this downtrend guys ???? Would like to hear thoughts from the true longs besides the fact revenues are improving --- partnerships are being established blah blah blah. None of this has done shit in 2021 & 2022 towards the PPS.

[Eddie T]

Absolutely

[Sgt T]

Exactly right Ping. Thanks for posting Brother.

[Ping70]

This news was on 2/01/22: IGEN Networks and CEA extend partnership for three years.

CEA signed an extension with IGEN for another 3 years. That will be a total of 5 years of a partnership with IGEN. First year isn't even completed and some are saying it's been a failure. Why would CEA sign a 3 year extenstion? Why not sign a 1 year deal? Becasue CEA is committed to IGEN. In a few years we will know if it's been a failure or not.

$IGEN

[sharpei]

Good point.

[ranchhand71]

Product specs might not be the real issue. Anyone doing a credit check on IGEn as part of qualifying a vendor might well be shocked and turned off by current financial balance sheet situation. Municipal purchasing agents are typicall quite risk adverse

[sharpei]

I have to disagree on the following: "If" Chan had the talent of a 'salesman', he would have taken your points into consideration and been fully prepared to challenge each one; if CEA believes the product and all that it offers is a value, Chan wouldn't have been invited to NACO in the first place.
Are the endorsements of GSA/VA 'preferred vendor' award...another major govt-backed support-and then the NY counties' purchase along with CEA and sign-up bonuses not enough? I think they are; just need to 'BE SOLD".
PS: I've seen nothing to indicate that the #FS campaign was anything but a marketing disaster.
The buck stops with Chan.
I hold all my shares; am not selling.

[jgrant93]

No reason to sell here with things improving over the past 6 months. The share price is reflective of the market being tired as shareholders at lending igen money.

So its go time now for management to get this shit done.

[kayak_wench]

Yes, we definitely have good reason to believe something could break our way. Not a time to sell!

[kayak_wench]

I think they said at some point not long ago that between 50% and 70% of Nimbo Tracking and CUTrack devices get turned on. That is a high percentage so I think going with 50% is the best bet, and may be overly optimistic.

[kayak_wench]

'Fault' is an interesting word to chose. It could be no one is at fault. IGEN had to try something to increase their business and Chan picked a niche market. Maybe that market didn't ever really exist. This is customer base that has little money to buy on technology toys. County funding is limited by tax payers willingness to support them. Chan felt that given a product designed with their needs in mind and if the counties could get extra support from the infrastructure bill he would make sales. Because Chan thought they would want GPSMedallion doesn't mean they would.

Or it could be that NY is not satisfied with how the product is performing and IGEN is having to work those issues and are doing so before trying to get new customers. If that is the case it would IGEN's fault for not producing a high quality product.

Or it could be that the counties prefer to go with a well known company that they know will exist and can support what they buy. Meaning a company with hundreds of thousands of units in the market and not IGEN that maybe has 4,000 with 3,000 of those just rolling out this year.

We simply can't know why they haven't managed to get a single new CEA customer this year. But we have to keep hoping that they eventually will announce more deals.

[jgrant93]

The company might not be working on our timeline but the patent is finished and inventory has gone out somewhere.

Cost should be going down for this quarter.

[jgrant93]

We also dont know a whole bunch about cu trak or their marketing deals or when subscriptions might activate.

[sharpei]

If you are correct, re CEA, whose fault is it then?
Given the attention CEA gave IGEN and it

[kayak_wench]

I agree. Barring several CEA deals being signed they will have to increase shares. Given there is not a hint in form7s that there are any discussions with CEA customers I'm not holding my breath on CEA. It seems to have been a much hyped failure.

[jgrant93]

All depends on our revenues continuing to increase or not. I'm thinking that they will.

[marylandstockguy]

The AS count is still only 2.2 billion, but that's as of November 7? Do you think it's going to rise from there? If not, it's not terrible. Right now the MC is only 2.5 million or so.