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I think the Rabbit died years ago.
Selling the patent would be the most expedient method perhaps to get SH money back out; but, Chan isn't about to do that.
I think we have 'hoped' for the past two years as price has dropped that Chan was going to pull a 'rabbit out of a hat' and price would soar...and we'd all go home happy.
But, it's not looking promising at this juncture that that will happen....
As someone once said that in trading, "Hope" is not a winning strategy.
Never thought it drop this low ,like going back in time :(
Thats the result of dilution without support
Maybe time to replace the jockey and put Able in the saddle?!
Wow Damn they filled my 150 k
If they don't fill my 150 k @ .0015 that a good sign ,but it's still earley
lol there's gotta be a bottom here somewhere right?
IGEN $$$
This is like watching a horse race and your horse comes in last ....
No Santa for you lol ...
Bring it on 13s ...
Come on 13’s
OMG we are on cardiac arrest and flatlining.
Bids in 150K # 15
There's my 15s putting my buy order in
Hmm. They're really gutting this bad boy.
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You're very welcome, k_w. IGEN's performance has certainly been a disappointment as has 'Chan's' management. He should stick to private ownership.
Get you some 13’s late afternoon today. Remember it is payday. :). Payroll has to be met.
Thanks for the chart Sharpei! Interesting that bottom price was just last year it looks like, just before they got on the government vendor approved list. I never would of dreamed that we would be back here. They don't need much revenue to become profitable but it sure is difficult for them to bring it in. I'm beginning to think our best bet is to sell the patent.
I'm on the sidelines. .
You start it off and test the waters ...
That term is loosing effect the more often you hear it.
It's time to load. For real this time.
BTW, the chart used is 'Barchart' not ToS, as ToS charting is smaller and less useful for display purposes.
Attempting to view the bottom of a green candle three years prior on a ToS chart with these old eyes is no different from trying to catch a herd of cats-but, this is what we can know...
As best as I could detect, .0015 could well be the bottom of a tall, green candle (*1); the Fibonacci looks quite ideal 16.2 (*2); the last candle was a graveston doji (*3); and the arc of the drop into .0015 was as close to a vertical as you could expect (*4); the PSar shows the longest, most extended downtrend 8/31/22 to the present (*5); and finally, I was able to connect all the long 'tails' from a year ago to .0015 doji tail in a straight line.
And finally, we see the large volume bar which could mean a trend change.
* A gravestone doji is a bearish pattern that suggests a reversal followed by a downtrend in the price action. - Investopedia.
In summation, IDK...it could be .0015 but we all will have to wait and see together.
Sharpei would be the best person to ask. Back in late Aug they called 0.0015 as a possible new low and hinted at an even lower number (see post 70907)
How low do we go? ??
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.
On the plus side I am wrong a lot, hopefully this is one of those instances.
$IGEN: “Puerto Rico Credit Unions have received $3.2M of CDFI funding thus far in 2022 for technical services and technologies."
Puerto Rico Credit Unions have received $3.2M of CDFI funding thus far in 2022 for technical services and technologies ….CU TRAK here we come!!
— IGEN Networks Corp. (@IGENngc) November 3, 2022
Nice! Abel to the rescue!
Interesting tweet from IGENs Twitter acct:
“Puerto Rico Credit Unions have received $3.2M of CDFI funding thus far in 2022 for technical services and technologies ….CU TRAK here we come!!”
Is it tomorrow or next Friday?
…I’m so excited, I’m not sure!
Guess we will have to wait an see…Good Friday!
“First one’s free” concept is inherently wait and see marketing, thought it would flourish by now, but…wait and see.
Potential dilution seems a problem to some.
Current market cap is $2.7 million today.
Ridiculous if they can get revenues going.
Year end cumulative balance sheet deficit approaching $20 million.
To raise $2-5 million would seem a stretch and highly dilutive.
Look at Form 7 issued for end of September that shows several cash raising transaction details. But at least the money raised helped pay executive salaries!
Good revenues in Q4 now underway would help a lot to address auditor year end review. Hopefully Able and team can succeed soon. From recent Form 7:
'The Company has experienced recurring losses from operations, has negative operating cash flows since inception, has a working capital deficit of $881,068 and an accumulated deficit of $19,741,797 as of September 30, 2022, and is dependent on its ability to raise capital from stockholders or other sources to sustain operations. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Ultimately, the Company plans to achieve profitable operations through the increase in revenue base and successfully grow its operations organically or through acquisitions. The condensed consolidated financial statements do not include any adjustments that might result from the outcome of these uncertainties."
Or losing patience. This 10K was far from earth shattering and you gotta expect some longs that have BEEN patient for 2+ years may move on for various year end reasons. No doubt IGEN is making positive steps in building something here but god damn this timeframe is ridiculous. Next we will hear the looming recession impacted progress. I really hate to think where the share price will end up if another S1 or more zero game changer announcements come across soon. Maybe Abel will be Santa this year LOL
Anyway if Jefferson has shares left. Someone is diluting
Well theres no more shares available for Jefferson so either they have the money...are expecting money...or theres a new s1 coming
Thats why all this decrease is happening. No more support buys
Well market doesnt seem to want to give them anymore money.
I wouldn't be that much concerned about share price if they were not that much dependant from it due to the need of dilution.
The question is just what the price is and what is left behind.
In this business model you have to spend the money upfront. No different than PlayStation or phone companies. Remember Chan dominated in Asia for Motorola. He knows what he is doing! IGEN is building a big business here.
I thought first the generate revs for the initial selling into the market and then produce continuous revs due to subscription. Due to end such speculation we need an investors conference call.
31772 Casino Drive
Suite C.
Lake Elsinore, CA 92530
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