posted
He's got my vote! I too believe that Jmoove should call, only because he's talked to Sand before, and I'd think they have some kind of trust in what each one is saying. And I agree with what Jmoove is saying too. It DOES seem obvious what they need to do, and get it done ASAP. Hmmm.. 51%? What's the o/s anyway?
-------------------- "As long as there are dreamers, there are dreams that will come true." Posts: 862 | From: CT Yankee..... in FLA | Registered: Aug 2005
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Ill be calling between 3 and 5 pm today, if I get a chance, busy day at work today :-)
-------------------- 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
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-------------------- 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
My goodness lets hope it doesn't R/S.I do not have many shares of this to begin with.A R/S would crush me.I think this is a good company with a bright future so i agree with you Jmoove they do not need a R/S.
Posts: 1086 | Registered: Oct 2005
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posted
LOL Jmoove , I think I started something here!!
OnceaPenny: Thanks. Wow a R/S? Good lord no. I'll beat him harder than I would an MM. Announce a meeting? Just move to the OTCBB already. There. Meeting Adjurned. Problem Solved.
posted
GLTY guys. I don't like R/S. You may find comfort with the 100 day shorters covering before a R/S. So down might not be the only direction.
Posts: 1468 | Registered: Jul 2005
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posted
This R/S crap kills the IGTN successtory. Think the shorts will have a party for more than 100 days. Ok, Friday is the day of the truth.
Posts: 425 | From: NL | Registered: Jun 2005
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posted
Maybe someone should email him a few examples of stocks that went through the roof when they moved to the OTCBB...might make him realize that a r/s isnt needed to increase the pps.
Posts: 136 | From: State of Confusion | Registered: May 2005
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posted
I've emailed him about the extreme negative effects of a reverse split. I nearly pleaded with him to go against a R/S. However, we have to realize that Scott is viewing this as a chance to start over again, and he's between a rock and a hard spot in terms of the OS being very close to the AS while he's eager to make a lot of acquisitions. There will be a PR Friday discussing OxyView and OxyAlert status, shareholder meeting, timing of filings and OTCBB, and lastly but not least, various issues related to a R/S.
Posts: 1468 | Registered: Jul 2005
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posted
I am down about 25% of my investment in IGTN at this time. However, I think we will see some good news on Friday that will erase that loss and show a nice profit.
News is coming Friday.
Numbers will be released. Income is up. Cash reserves are up.
posted
Couldnt get ahold of him today, will try tomorrow, sorry guys
-------------------- 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
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posted
WOW FROM MOVING TO OTCBB, WE GO TO R/S. HOW FAST PENNY STOCKS CHANGE.
BUY LOW SELL HIGH. AS A STOCK STARTS TO GO DOWN SELL IT, BUY IT AGAIN IF IT STARTS TO CLIMB BACK UP. THIS WAY YOU MAKE MORE MONEY, KEEPING A PENNY STOCK WILL ONLY MAKE YOU LOSE ANY PROFITS, PLUS LOTS MORE.
MY RULE, IS 100% GAIN SELL HALF, IF PRICE BEGINS TO DROP SELL. ALWAYS AHEAD.
Posts: 2362 | From: BEENEVERYWHERE | Registered: Mar 2005
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posted
Guys, I was a depressed as many of you to read the developments as of late. However, lets wait until tomorrow or Friday at least when the news is sposed to be released. Maybe/Hopefully he wont do a split.. We still have a great company here. I'm down, didn't follow my normal rule because I have some faith in this company to sucseed, which is more than I would have for typical pinkies. Its going to be good, I'm still positive. I hope!
Posts: 222 | Registered: Nov 2003
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posted
Man, just re-read through that...Sorry about the spelling and all, its been a looooong day...Good luck tomorrow everyone!
Posts: 222 | Registered: Nov 2003
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posted
Jmoove or someone tell Scott to not mention anything of a possible R/S or I'm out.
Posts: 758 | From: FOREST,MS | Registered: Feb 2005
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posted
I am also not in favor of R/S for whatever purported reason. There is no technical basis for that idea with IGTN and the real strength (long-term) does not necessarily come through acquisitions which often merely get companies into intractable indebtedness and raising odds of running out of money for current operations. IME An R/S is not justified--and IGTN management needs to quickly get back to certain level of fundamentals and like other have said--stick to plan and move to OTCBB ASAP and reveal some hard numbers so investors can truly be more in the KNOW and see actual rather than purported progress.
Rgds
IGTN Shareholder
-------------------- yourdiligence Posts: 197 | From: western U.S. | Registered: Jan 2005
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posted
I hold my position: R/S I will take my loss and move on. This is absolute bull#$%^ and if it is true I will be really, really angry
Posts: 647 | Registered: Jul 2005
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When do you think you will be able to call him? I hope for a good day today.. Green even 1% would be nice... I remember when we had 15 green days out of 17
Posts: 224 | Registered: Jul 2005
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posted
News for 'IGTN' - (Ingen Technologies, Inc. Announces Its Board Has Approved a 40-1 Reverse Stock Split - Shareholders to Vote at Special Meeting in October -)
CALIMESA, Calif., Oct 06, 2005 /PRNewswire-FirstCall via COMTEX/ -- The Board of Directors of Ingen Technologies, Inc. (OTC: IGTN) (the "Company" or "Ingen") has approved a resolution to authorize a 40-1 reverse stock split of its outstanding common and to decrease the number of authorized common shares to 100,000,000 from the present 500,000,000. Consequently, the number of common shares issued and outstanding would decrease from approximately 490,000,000 to 12,250,000. This resolution shall be presented for approval at a Special Shareholders' Meeting, presently scheduled for late October 2005, at which date the reverse stock split would become effective.
Commenting upon this action by the Board, Ingen CEO/Chairman Scott Sand said: "The reverse stock split proposal is part of an integrated plan to move Ingen forward in several ways. First, the reverse split will immediately establish Ingen's stock price at a much higher price level than currently. The advantages should be to facilitate external financings in the future to fund Ingen's expected revenue growth and to also reduce some of the price volatility our shares have recently experienced when selling in the $0.05 per share area. Second, a higher stock price is also more reflective of the fundamental corporate development that Ingen is, and will be, undergoing. Most notably over the near term, Ingen will seek to list its common shares for trading on the Over-The-Counter Bulletin Board. Pursuant to this objective, we will soon file with the S.E.C. to become a reporting company. Third, on the operational front, we expect two of our major products -- OxyView(TM) and OxyAlert(TM) -- to go into production by early 2006. This is a significantly positive event in the continuing progress of the Company."
About Ingen Technologies, Inc.
Ingen Technologies, Inc. is a public company trading under Nasdaq OTC: IGTN, which has been in business since 1999. IGTN is a medical device manufacturer and a growth-oriented company that owns US patent(s), trademarks, and proprietary medical products.
The Company's flagship product is OxyAlert(TM), a second-generation design of the Company's BAFI(TM) product line. Both of these products have been issued two US Patents: Patent No. 6,137,417 issued on October 24, 2000 and Patent No. 6,326,896 issued on December 4, 2001. Both of these products are low-oxygen safety warning devices used on remote oxygen cylinders for patients, commercial aircraft, military transport, and fire and safety equipment. OxyAlert(TM) technology encompasses the use of digital sensing and RF frequency transfer so that care givers can access a hand-held remote to monitor the actual oxygen level of any oxygen cylinder at a reasonable distance.
The newest product, OxyView(TM), has a patent pending, and is a pneumatic gauge that provides visual safety warning of oxygen flow to hospitalized patients. This product enhances the safety, assurance and accuracy of hospitalized patients being administered oxygen from any source. OxyView(TM) is a lightweight pneumatic gauge that is attached to the oxygen tubing just below the neck. It informs the nursing staff of oxygen flow rate near the patient. It could quickly inform the hospital staff of any leak or inaccuracy between the delivery source and the patient.
The Secure Balance(TM) product is a private-label product that includes a vestibular function testing system and balance therapy system. The vestibular function testing system is manufactured by Interacoustics LTD. in Denmark and is referred to as the VNG. The balance therapy system is manufactured by SportKAT(R), Inc. in San Diego, California. The Secure Balance(TM) program provides equipment, education and training about balance and fall prevention to physicians and clinicians worldwide.
The Pure Produce(TM) product is a continuing research & development program currently under design. This program uses hydroponics technology to grow various plants without the use of soil, fertilizer and water consumption. The Company anticipates entering the nutriceutical and pharmaceutical markets over the next two years.
"Our team of professionals has developed our medical products for the ever-increasing elderly population. Our products are superior to any of our competition and they allow for effective medical product availability to seniors, and at the same time the increasing senior population allows for a steady growth in sales and profits," said Scott Sand, CEO & Chairman of Ingen Technologies.
Investor Relations Contact: Scott R. Sand, C.E.O. & Chairman
Ingen Technologies, Inc.
285 E. County Line Road
Calimesa, CA 92320
800-259-9622
951-675-3266
800-777-1186 FAX
scottsand*ingen-tech.com
Safe Harbor for Forward-Looking Statements: This news release includes forward-looking statements that are made pursuant to "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward- looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are set forth in the company's periodic filings with the U.S. Securities and Exchange Commission.
SOURCE Ingen Technologies, Inc.
CONTACT: Scott R. Sand, C.E.O. & Chairman of Ingen Technologies, Inc., +1-800-259-9622 or
Thank you for your quick reply, but with upcomming R/S issue many shareholders are in deep trouble. So am I. CEO's talking about building up shareholders value in combination with a reverse split. That make they think shareholders are stupid donkeys, because the company turns to be profitable on behalf of the shareholders and investors. The confidence IGTN build up, dissappeared immediately, with the R/S announcement. So IGTN will always stay on the SHO list. If your company is really intended to build up shareholders value, IGTN should announce a sharebuyback program. IGTN spoiled all credits of shareholders and we are realy angry. As most CEO's are complaining that their shares are shorted, you give those guys a great day. I hope you change your intentions and give us at least the benifit of a shortsqeeze. If you have some spare time, please take a look on this site: http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/8/t/016128/p/16.html
posted
Bid/ask anyone??? What does the line say... I think things will not move today... Stockholders will never vote for it
Posts: 224 | Registered: Jul 2005
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posted
who is the majority owner, doesn't the CEO has the majority. Recall the PR saying no R/S everything for the Audit was coming off by selling his shares.
51% of share holders have the decision.
Good luck, I'm out, after the big decrease after the R/S. I'll buy about 60 days later. Look at Telelatinos... same thins repeats itself.
Posts: 2362 | From: BEENEVERYWHERE | Registered: Mar 2005
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posted
The bid seemed to go up to .0155 from .015.This seems kind of strange with the news that just came out.
Posts: 1086 | Registered: Oct 2005
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posted
Greetings. I'm new to the board, but previously bought 400k shares. Can anyone help me with my math on the following excerpt from the PR?
has approved a resolution to authorize a 40-1 reverse stock split of its outstanding common and to decrease the number of authorized common shares to 100,000,000 from the present 500,000,000. Consequently, the number of common shares issued and outstanding would decrease from approximately 490,000,000 to 12,250,000.
How can authorized common shares reduce by 400 million shares, but the outstanding shares issued would reduce by 477 million? What am I missing?
Posts: 176 | From: Ohio | Registered: Sep 2005
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posted
r/s supposedly will make the real nakd shorts cover, I personnaly dont think that will happen, people are going to dump this
Gonna dilute
"The advantages should be to facilitate external financings in the future to fund Ingen's expected revenue growth"
-------------------- 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
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posted
What's gonna be??? First the shortsqeeze or the dumpers. Dumpers have the time till the end of oktober. Shorters have to cover now.
Posts: 425 | From: NL | Registered: Jun 2005
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