The stock currently has a market cap of about 9.5 million. To support such a cap in the long term it needs to post annual profits of about 1 million. At the types of gross margins that IGTN appears to be running (in the 40% range) this means that we need to increase sales in the order of $2.5 million/year, or for SecureBalance alone, about one order per week. I am not particularly worried (at this price) about receiving value for the money. Nor to I think that the market cap has much room to go down, whether you R/S'ed, or no matter what you did. At least, any significant blip downward is practically guaranteed to rebound, since the fundamentals appear to be there.
Secondly, what can you presently buy for $9.5 million on the markets? Check it out. It is generally a pretty gruesome assemblage of prospects. Overvalued or undervalued are not only in reference to earnings, but also in reference to peers. There are lots of less attractive companies going for higher $$$, but (as far as I can find) no superior prospects (especially in the medical equipment field) going for fewer $$$.
We know that the audit results will appear on Edgar, sometime. Does not particularly matter when. As soon as these results appear a large risk factor disappears and the stock becomes more attractive.
If ANY of the hype is realized, the stock will quickly realize a market cap several times the present value.
I tend to see the market as a game of not losing. If you play and do not lose, then eventually you will win. Consequently I look at a stock like this and ask myself, what would cause me to lose? Basically the only things that would cause me to lose at the moment are outright criminal fraud - and I do not see the tell-tale signs of such a fraud from management. I don't like all that I see with IGTN, but I rarely do with any company. I like most of it, and see no evil intent even in the things that I dislike.
Okay, then.. I don't think that I will lose my shirt. And is there a CHANCE that I will win? Certainly there are several chances, as this board points out with great regularity.
The question then is whether I have the patience to watch the thing bobble up and down for as long as it takes to "score" on one or more of the potential up-side items. Patience I have... this thing has NO momentum at the moment, so day by day we just sit and watch it bobble. However, I would be relatively confident in saying that management wants to see that momentum back, and is "stashing" news until the audit results come out on Edgar. That's the way the game is played. Once the results do appear, I would lay a bet that we see about three substantive PR's over the following couple of weeks, and that we see some significant momentum re-develop.
In other words, we are not currently losing money. We may have lost a bunch in the drop from 0.05, but that is water under the bridge. That was then, this is now. Since hitting 0.020, we have just been bobbling in a range of about +/- 0.004, and will continue to bobble until new momentum develops. This present period costs us nothing, and the next run may be substantive. Consequently, I have just taken a chill pill. I am not stressing over R/S'es, filings, or anything else... it is purely a wait-and-see time, with very little chance of a down-side break, and a very large chance of an up-side break.
The more you stress over these things, the more chance you will psych yourselves out. Do your analysis in whatever way you see fit, make your decisions, whether to sell or to hold/accumulate, then stop analyzing. Unless there is any substantive new development that would cause you to re-evaluate, re-hashing just makes you second-guess yourselves and tends to be driven by nerves rather than by objective analysis. In this game your nerves are NOT your friend, and when there are naked shorts still out there, your nerves will be relentlessly used against you - bit by bit, day by day, until you cave in.
-------------------- AO Posts: 75 | From: new york | Registered: Aug 2005
| IP: Logged |
posted
Longs need to keep emotion firmly out of the equation with IGTN--I hold a decent little position all under .015 and regret I didn't pick-up some more around that vicinity the last time it dipped. Investing is pro-active and if you believe in IGTN and intend on holding long why not add to your position? Sure MMs are going to do what they do but if you believe in this issue why sit on your hands. Why worry about the short or mid-term if you are indeed a long? IME Long-term benefits of this stock seem very promising but it does require a logical unfolding of business plan with growing revenues and investor patience. People shouldn't panic over supposed 'missing PRs' what this issue needs is some number support and it sounds like they are cooking as we speak.
-------------------- yourdiligence Posts: 197 | From: western U.S. | Registered: Jan 2005
| IP: Logged |
posted
Guys we've been on the SHO list 98 days now. The pressure on the shorters is mounting. If filing to move on to the BB does create a short squeeze, there will be no mention of the filing. Be prepared to hear all sorts of things intended to scare you out of your shares.
Posts: 1468 | Registered: Jul 2005
| IP: Logged |
posted
Just waiting for that 100 fold Sand promised. Does anyone know what happen to GasAlert.
Posts: 758 | From: FOREST,MS | Registered: Feb 2005
| IP: Logged |
posted
Yes we will need it slow morning so far unless you have oil and gas stocks.
Posts: 1326 | From: Providence,RI,USA | Registered: May 2004
| IP: Logged |
posted
this is nuts, if she drops to .015 or below on the ask, im dumping my life savings into this lol, all in good time
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
posted
amep is going down big time... poor people who got in early!! or yesterday!! JMoove I agree.... the next pr is the bottom so people are just gambling on when.. Steve said he is not going to write them anymore.... only professionals that have numbers in them!!
Posts: 224 | Registered: Jul 2005
| IP: Logged |
posted
Stockaholic - I would buy some AMEP or PAPO.Amep is down today but will be back to the .14 it was yesterday and Papo is up and will follow Amep.
Posts: 1326 | From: Providence,RI,USA | Registered: May 2004
| IP: Logged |
-------------------- "As long as there are dreamers, there are dreams that will come true." Posts: 862 | From: CT Yankee..... in FLA | Registered: Aug 2005
| IP: Logged |
posted
Thanks White.. lol, I just can't make myself write your whole name :-)
-------------------- "As long as there are dreamers, there are dreams that will come true." Posts: 862 | From: CT Yankee..... in FLA | Registered: Aug 2005
| IP: Logged |
posted
Anybody notice that little gap to be filled at 015 that's where it is going then maybe a bounce to 24-28
If no news soon there is also a gap at 005 dare they take it down that far to fill it before it zooms?
-------------------- My opinions are mine and just that an opinion. Do your own DD. I take no reponsibility for your actions. Posts: 22 | From: RI | Registered: Aug 2005
| IP: Logged |
posted
Sawdust why even say that? The only people hoping this goes down like that are the 99 day shorts. I would like to see them take it down to 0.015, just for the amusement of seeing them handle that situation. I haven't flipped one share yet, and I don't plan on to anytime soon.
Posts: 1468 | Registered: Jul 2005
| IP: Logged |
By: monkeybizca 04 Oct 2005, 10:22 PM EDT Msg. 17649 of 17655 (This msg. is a reply to 17645 by kenjr2001.) Jump to msg. #
Kenjr - The attorney, Peter Wilke got hit by a car (Pete was walking) driven by a teenager on a cell phone 3 weeks ago. Spent some time in the hospital for 5 broken ribs. Mr. Wilke is back on his feet and able to walk a few minutes at a time now. He is almost done with the filing, waiting for Scott/ shareholders to confirm what, if any, changes to the share structure are going to be done. I feel that Scott Sand is an intelligent, honest and open CEO that is driven to succeed with the best interest of the shareholders in mind. I am very comfortable with my investment. I might have to sell some shares to pay for that oil pan though, since I've been out of work for over a year
Posts: 1468 | Registered: Jul 2005
| IP: Logged |
posted
[From RB-Meeting with Mr. Sand on revenue & R/S]
By: monkeybizca 04 Oct 2005, 10:38 PM EDT Msg. 17658 of 17659 (This msg. is a reply to 17648 by why____me.) Jump to msg. #
why -me - Answers to your Qs:
1. Numbers look great, increasing revs (up about 40-50% Q over Q) and cash balance (up about 15-25% Q over Q). He gets about a 70% gross margin.
2. R/S is not out of the question and might be put in front of the shareholders for a vote soon. Scott says the new SEC formula for calculating pps will actually increase the shareholders position value. For example, if there was a 1:5 R/S, you would have 20% of the shares in number, but the actual pps would be slightly higher(he didn't know the exact factor, but indicated it was about 1-2% higher) than 5 times the pre split pps. He realizes that shareholders are spooked by the idea and will consider any and all arguments for or against the R/S.
I hope this is helpful.
Posts: 1468 | Registered: Jul 2005
| IP: Logged |
posted
You've been nothing but negative of this stock pensandoenti. I didn't expect you to say anything otherwise. IMO this is good news as it clarifies our situation. Now all we have to do is email him showing hime why we disapprove of a R/S. scottsand[at symbol here]ingen-tech.com
Posts: 1468 | Registered: Jul 2005
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Big Grin]](biggrin.gif)
You got my coffee
![[Roll Eyes]](rolleyes.gif)
I'm about to take a small loss on that and buy some IGTN.
