posted
Ingen Technologies IMO is ready to break out soon. After a run they had a month or two ago it was at .43 and I sold at .40 which I put into RSHN and others, but any way. This has fallen back quite a bit and is at a Value again at where I first picked it up at .16 and then it gradually went up after about 3 months or so. The only thing that is holding this down is that they haven't moved to the BB yet. They have innovative products and have teamed up with some great companys to produce and manufacture there products. The Secure Balance is out and selling very well from what I understand and have read. Once the Oxy View is released which will be soon this should start to make an upward trend again. Does any one else have an opinion or still own this?
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I'm still holding 16k shares that I bought pre-split. Current average price of .53 so I'm down a bit. I too believe they have a nice product lineup. Just waiting for the oxyview sales to be reported. If sales surge as expected, so should the price share. Any ideas on how moving to the BB will affect the share price?
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I need .612 to break even, so I feel the pain for you all too! Have you noticed that every time they put out news.. the price goes down?? It's at the point now that it's so far down, and the loss so big, I might as well just keep holding, but I don't think I'll average down. I just have so much money into it already....
-------------------- "As long as there are dreamers, there are dreams that will come true."
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I might think about averaging down if it goes below .10, but I'll keep hoping they put out a PR reporting actual sales rather than potential sales before that happens. If their estimates, (PR) are correct, IGTG should show a profit late this year.
posted
Well, today's filing of the 10 QSB is not having a positive effect. Couple things I noticed. 1. In February they sold stock twice, for .12 and .15 per share. As of right now, the pps is down to .12 Maybe the MM's will think .12 is the current value.
2. They should have Oxyview sales to report before the end of the 2006 calendar year.
3. Their SEC reporting has me worried. Failure to report prior years in a reasonble timeframe may result in a halt in trading.
Whats the boards take on #3? It's making me re-think the idea of averaging down.
posted
Financials are out. Revenue for the latest quarter is way down. Wouldn't be surprised if we take a hit on Monday. Really need for them to report actual oxy-alert and oxyview sales.
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Yeah, I feel your pain on the loss. I had it before the split and got in at .0043 last year and sold it when it hit .045 before the split and made some nice profits. Bought back in after the split and sold it again at .40 with another take in profits. If it goes way low again I will but back in. They should have a great end of year report with OxyView and Secure Balance sales. I am not sure what will happen when it moves to the BB? They stated at one pint that they would be moving to the BB last month and that hasn't happened yet. I have tryed e-mailing Scott Sands and have not gotten any reply back yet of when the move might happen. Just waiting to see if it dips to an all time low again to get back in. Any takes on what might happen in the coming months?
-------------------- The thing I learned most about this is to take a profit when you can and you gotta have PATIENCE!
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Lost a couple of grands with this scam. Sold all just before the split, and jump like a kamikaze in LFWK. With LFWK I got my grands back, hmm... but sold half tooooooo early. Pre r/s pps of IGTG is still 0.0043. Royal Highness Scott Sand is a big Scammer. Wish you all goodluck if you can make some money with this.
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Picked up 10k shares at .12 yesterday. Hopefully we can get some sales numbers out soon to start this think back up. I'll take slow and steady, just as long as its up!
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Anyone still out there holding IGTG? I just sent an email to Scott Sand. If I get a response, I'll post it. My questions concerned:
an update on revenue since PR's starting 02/01/05 stated there would be expected revenue from OxyAlert of 30 million first 18 months of production. Also requested an update on OxyView.
an update on the move to OTCBB as they have been touting the move since June, 2005.
One of the latest PR's stated they had to classify and register OxyView with the FDA. Questioned if this had been completed.
I believe in the products they have, but the PR's have been overly optimistic by a wide margin. Currently my investment is down 78%, I need to decide to hold, sell or invest more into this company.
posted
Here is the response Scott Sand's sent to my email. Must admit, quick response.
Thank you for your concern.
Although I cannot suggest to you how to trade your stock, I can offer some update on our progress.
Attorney Richard Weed is in communication with the NASD regarding our application for the OTCBB. Once we have filed our 10-KSB ending May 31, 2006; the company qualifies for the OTCBB. Our auditors are preparing for that audit, and we anticipate filing the 10-KSB in July.
We continue to keep our SEC filings current, since the 2004 merger, and we are finalizing the past due filings from 1999-2003. We have hired a forensic accountant to obtain bank records for those years. We anticipate completing the older filings this summer.
OxyView tooling is complete, and the FDA has recently accepted registration and classification of the product. They have allowed us to market the product. We have been granted a Patent Pending in the US, and we have recently filed foreign patents in Japan and China. We anticipate the first production run of Oxyview in June. Our FDA owner/operator number is 9085663, and can be verified through calling the FDA at 240-276-0111. Oxyview will be manufactured (and cleaned packaged) in Corona-California by Acorn-Gencom, Inc.. We own all of the tooling, processes and intellectual property.
We have two Oxyview distributors under consideration, and we will make an announcement next month regarding who they are.
OxyAlert is being finalized, and I will make an announcement next month.
Secure Balance continues to feed the company, and we continue to remain debt free (except for money owed to me). I plan to convert any of my debt to shares, pursuant a Board decision.
In reference to any past PR releases; please read them carefully since we provide projected/Performa data based upon market research. Always make any investment evaluation on the actual SEC filings (i.e., 10-QSB and 10-KSB). The PR is for current event status and projected possibilities.
Thank you for your continued support.
Regards,
Scott Sand, CEO & Chairman Ingen Technologies, Inc.
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This company is not worth investing. It did a R/S and lot of investors lost a lot. This company needs a lot of finance and is dilution machine. Remember, this is JMHO and there are better opportunities than this one.
-------------------- Almost There....
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