posted
I think it can be as early as Monday night or Tues morning.
-------------------- You will never have what you like until you learn to like what you have. Posts: 31 | From: TX | Registered: Sep 2005
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posted
I think that next week will be a pleasant week.. The consolidation this week and the spike ealier this week gave us our foundation and our path for a steady climb... i too feel good about next week as long as it doesnt get out of hand again.. but if they are correct about the release of the news then that will supply sufficient fuel...
Posts: 99 | Registered: Aug 2005
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posted
Well, nothing is guaranteed. That is why we need to do our DD and of course good luck.
-------------------- You will never have what you like until you learn to like what you have. Posts: 31 | From: TX | Registered: Sep 2005
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quote:Originally posted by explorer186: I read on RB that Scott said the lawyer is looking over the audits, and when he files for the OTCBB, Scott will PR the schedule for the move to the OTCBB. We all expect the PR next week. When the filing occurs BOOOOOOOM guys.
[From IHub]
Posted by: bax In reply to: None Date:9/8/2005 12:52:55 PM Post #of 1811
I just spoke to the Accountant himself. The 2005 audit is to be finished friday and then given to Ingen on monday. I assume he meant finished this friday.
I couldn't keep wondering so I called. Nice to get a quick returned phone call.
posted
Based on an earlier post (taken from RB) an email from Sanders said 'next week'. He didn't mention a specific day.
-------------------- "Whether you think that you can, or that you can't, you are usually right." - Henry Ford Posts: 798 | Registered: Jun 2004
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posted
Original post by Rangers684: ------------------------------------- This is from RB- It is an email from the ceo!!!
Yes ! You can inform everyone on Raging Bull that the SEC is now monitoring that site for potential "Shorters". You are exactly right ! There are day-traders/Shorters who produce false information to make investors like yourself nervous. You can also report their email address to the SEC. If you're a serious shareholder, how about doing your own due diligence, and prove to the shorters that they are wrong. They are posting these inaccuracies on purpose ! Don't you get it ? They want to make others nervous so that they dump their stock and push the price down so they can buy it low and sell it high. They know we are ready to file and move to the OTCBB.
Our auditor are 40 years in the business and have a strong healthy relationship with the SEC. We chose them so that they would do the job right and get it done for all of us. Our legal counsel has tremendous SEC law experience. Mr. Wilke has assured everyone that he will file this month and immediately start the move to the OTCBB. I will post all financials next week since Mr. Wilke is currently reviewing them. I will also publish a statement from Mr. Wilke regarding the actual filing schedule and OTCBB progress.
Auditors:
Harold Spector, CPA Spector & Wong, LLP 80 S. Lake Ave., Suite 723 Pasadena CA 91101 (626) 584-6400
800-259-9622 Sales & Support 800-777-1186 FAX 951-675-3266 Administrative
Ingen Technologies, Inc. is a Public Company NASDAQ OTC:IGTN
-------------------- "Whether you think that you can, or that you can't, you are usually right." - Henry Ford Posts: 798 | Registered: Jun 2004
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posted
Looks like a good end. See you all next Monday.
-------------------- You will never have what you like until you learn to like what you have. Posts: 31 | From: TX | Registered: Sep 2005
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posted
I have an email in to Scott to confirm the alleged RB email and the Chris Evans thing. I don't expect much of an answer if any at all, but if I get one I will share it.
Otherwise, have a great wekend and let's hope for a "greater" week ahead!
Posts: 797 | From: Phoenix | Registered: Jul 2005
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posted
Thanks for checking mrgr8avill. Believe me I have no interest in seeing this thing go down! But if the director of IGTN was just released from jail for money laundering I think that is significant to those of us holding the stock. I got concerned when the release of the financials were delayed.
posted
I wouldn't worry about it Bill - even if it did prove true it wouldn't have anything to do with the short term pps. We are at a price and point right now where hard numbers are more important than anything.
And as to the audit, I don't think it would have anything to do with financials even if it were true -- audits are nothing but hard numbers. The only thing something like that could delay would be in listing acceptance -- not in the audit itself.
Worst case here is that if this is true then Chris will have to go before they move to a regulated board. The audit will still be the audit, the hard numbers will still be the hard numbers, the products will still be the products, the patents will still be the patents, and the pps will pay way more attention to those things than to the past of one of the "ex" officers.
IMO this is "big" news if true, but of nominal consequence to where we are or where we are going. It would be much more of an obstacle to a company without proven product, patents, and sales.
But all that said it needs to be checked out.
Still didn't stop me from loading to the hilt today, though, or from recommending for others who have done their own dd to do the same Posts: 797 | From: Phoenix | Registered: Jul 2005
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posted
Someone dug real deep to get that dirt. IMO the shorters are desperate, and this is the time to put on the pressure.
Posts: 1468 | Registered: Jul 2005
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It appears that Bill was correct in his post about Chris Evans. The IGTN website lists Chris Evans as having a law practice in Annandale, VA:
quote: Chris Evans has 30 years experience as a licensed attorney specializing in corporate and SEC law. Previously, he was the Program Director for the Office of the Governor, Dept. Of Community Affairs in Texas, and has served as general counsel to a publicly traded electronics and aerospace contractor. During his position as Associate Attorney his focus was on corporate clients until he co-founded and managed a full service real estate development company. Mr. Evans earned his Juris Doctor Degree at the Tulane University School of Law in 1981, received his M.A. at the University of Texas at Austin Texas (Public Affairs, 1975), and his B.A.(Political Science) at Tulane University, New Orleans, Louisiana in 1971. Mr. Evans was partners in a law firm for three years in Washington, D.C. His focus was litigations and claims before the federal courts and agency boards of contract appeals. Since 1993, Mr. Evans has had his law firm in Annandale, Virginia. His practice focuses upon corporate finance, compliance with securities regulations, business acquisitions, and federal tax matters.
I verified Bill's post with the Virginia State Bar:
quote: Chris McKinney Evans, Suite 102, 4115 Annandale Road, Annandale, Virginia 22003
VSB Docket No. 03-000-0150
On July 25, 2002, the Virginia State Bar Disciplinary Board summarily suspended Chris McKinney Evans' license to practice law and set a show cause hearing for August 23, 2002. The action was based on Mr. Evans plea of guilty to money laundering in the United States District Court of Maryland. At the August 23, 2002, hearing, Mr. Evans will be required to show why his license should not be further suspended or revoked.
*On August 23, 2002, the Virginia State Bar Disciplinary Board revoked the license to practice law of Chris McKinney Evans based on Mr. Evans' plea of guilty to a charge of money laundering in the United States District Court for Maryland, Northern Division, located in Baltimore.
It appears from the information available that Chris pleaded guilty to federal fraud charges related to money laundering, however, he did not show up for one hearing and a warrant was issued for his arrest.
The revokaction of his license to practice law was based solely on his guilty plea in the criminal case.
There is no other "Chris Evans" listed in the Virginia State Bar.
I am trying to get ahold of the docket material related to the actual criminal charges, and of course will continue to press Scott for answers and explanation.
----------------------------------- My opinion on this:
I said earlier that I did not think this was a big deal to our short-term pps. When I said this, I believed that "Bill" was some basher and the alleged article was patently untrue. But, I do believe in doing DD, and any claim should be checked out. This one looks like it is going to be true.
IMO, this could cause some panic selling if it is not immediately addressed by Scott. This obviously needs to be dealt with. I for one as a shareholder (no matter how small) do not want to see anybody having been involved with anything like fraud/moneylaundering, etc. in any company I invest in.
BUT...
I also happen to believe that this company is strong on the facts and figures (see my previous posts), and think that this could actually cause a buying opportunity if people sell immediately. There is no way IMO that Scott will allow Chris to stay with the company, or even how they could move to the OTC with a convicted felon (finance related) as an officer. So this will fix itself and fast IMO and IF the short term pps is impacted by panick selling then it would likely create an opportunity mid-term.
There is also still a *slight* possibility that we are talking about two different Chris Evans', although I am finding that possibility slim to none given the fact that both hail from Annandale VA and no other Chris Evans is listed in the Virginia state bar.
So, I remain positive about this stock and don't plan on selling anything. BUT, I do also believe that everything should be known, and I am going to continue to post relevant information -- both good and bad -- as long as I can back it up. I ain't gonna lie one way or t'other.
That's it for now -- will post more as soon as I get it.
Posts: 797 | From: Phoenix | Registered: Jul 2005
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posted
Actually, there appear to be charges in California and Virginia. If anyone is interested in doing this research, here's the relevant paragraph from The Evans Opinion
quote: The Board unanimously finds, by clear and convincing evidence the following facts:At all times relevant to this matter Respondent, Chris McKinney Evans, Esquire has been an attorney licensed to practice law in the Commonwealth of Virginia.By a Plea Agreement filed in the United States District Court for the District of Maryland, Northern Division, the Respondent pleaded guilty to one count of money laundering, in violation of 18 U.S.C. §1956(a)(3)(B).Respondent's guilty plea was accepted and judgment was entered against him on the above-mentioned count on February 8, 2002. Respondent has been released on bond and currently awaits sentencing. There are other criminal charges pending against Respondent in the United States District Court for the Eastern District of California and a warrant has been issued for his arrest on those indictments. Upon entry of the guilty plea Respondent was convicted of a felony involving money laundering. Said felony is a crime as defined by the Rules of Court, Part 6, Section IV, Paragraph 13(A).
posted
A quick note to those who would (and are probably going to) call me a basher -- save your time. This is out there and it looks like it is true. We as long position holders should not try to sweep it under the carpet and pretend it doesn't exist, or try to hide it from new or existing buyers. We need to see that it is dealt with. Quickly and firmly. I have emails, a fax, and a message in to Scott about this (his voicemail is now full).
I don't want to lose my holdings in IGTN, and I don't want the short-term pps to drop either. But this is real, and I am sure not going to ignore it.
So let's keep level heads, and most importantly keep on Scott for an explanation and resolution so we can get that information out right on the heels of "Bills" post.
I could use some help on this. We need to get on Scott and stay on Scott. Write, fax, call, do everything you can to get ahlod of him and demand an answer, in writing, preferrably in the form of a PR released ASAP.
quote:Originally posted by Bryan: why are we seeing this kind of posts now.
This all started with "Bills" post of earlier today (in the last page of this thread). It was likely found by some bashers trying to dig up dirt. Well, they did, and now we need to take some action quick to protect our long positions. First, I would suggest NOT TO SELL. If we can get this fixed before Monday AM, then we might be able to prevent others from doing the same.
I have enough in IGTN that I will be working very hard to get a resolution to this over the weekend. Think about the long-term impact of this on the company and pps (none) and think of the good things this company has going for it (lots). Now, let's get this little piece of crap out of the way before it turns into something big. We still have one hour and fifteen minutes before it is quitting time in Calimesa, and Scott can release a PR over the weekend, so let's get on this HARD and let's do it NOW.
Posts: 797 | From: Phoenix | Registered: Jul 2005
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posted
I am not bashing in any way what so ever... But this being a pink I am really just taking the PR at face value. *What i have seen though is a company that is willing to spend some money in advertising, which i really hope, they are producing some real rev. with some real products.
*I have not seen any advertisments, I did not hear the radio broadcast.
But i am going to believe that all this is for real. Monday I will find a medical journal (publication) that is suppose to feature there ad, and i will find an archived or recorded radio broadcast.
I am a long. I am not a basher. I have been drinking beer by the pool all day.
Posts: 226 | Registered: Aug 2005
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posted
Thanks Mrgr8 for supporting a newbee. In answer to your question Bryan, we are seein this now because this is important. The director of IGTN who is an attorney just got out of federal jail May 2005 for ripping people off. He is misrepresented on the IGTN website and this is concerning. I found this only by accident I assure you after doing a Google on the officers of the company. I, like you was concerned after having to wait yet another week for prommised financials. They have not reported since 1998 under a different name. I don't like this anymore than anyone else but as a new member of this board please don't kill the messenger and don't panic.
Instead let's decide what to do next.
Posts: 43 | From: USA | Registered: Sep 2005
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posted
not bashing you Mrgr8 at all. I am a newb. But BBygrl123 I would go to Ingen-tech.com and retrieve the contact numbers from there. just for absolute assurance.
Posts: 226 | Registered: Aug 2005
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posted
I will not panic. as far as pinks go i rely on tech analysis and the release of pr. As long as that looks good, then its a roll of a dice. Bill W. I am from PTC (15 min. south of Airport) I am now in Athens attending UGA (grad. in May). Where are you located. I kinda hijacked these last few posts, sorry. Monday back to business as normal.
Posts: 226 | Registered: Aug 2005
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quote:Originally posted by bbygyrl123: mrgr8avill, can you post all of the contact information that you have so that we all can call/email/fax scott
Sure bby -- I am using the stuff from the RB post supposedly written by Scott.
Scott's phone: 951-675-3266 (full) Other Voice contact for IGTN: 800-259-9622 Scott's email address: scottsand@ingen-tech.com Peter Wilke (Counsel): 323-397-5380 IGTN FAX: 800-777-1186 Fax for Wilke's Associate Office: 310-859-0806 Other Voice number for IGTN: 800-259-9622 Sales & Support
I have the phone and fax #'s for Spector & Wong, LLP (the accountants for the audit), but I am loath to give them out as I know the firm and the account is being handeled by the managing partner. I am thinking if we can solve this without flooding the accountant's office with demands for a PR dealing with fraud, etc. then that's probably for the best.
Posts: 797 | From: Phoenix | Registered: Jul 2005
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