Identa Corp (IDTA)

[chainma1l]

They will just keep doing the same thing, regardless. Printing shares, putting out PRs for things that are totally inconsequential while missing opportunities for positive PRs. The company appears to have nobody working there with any business acumen whatsoever.
I believe their plan is to continue for the foreseeable future, then when they have solidified the business (if ever), they will do a very large reverse split (minimum of 10000 to 1, but your 100,000 to 1 would be more effective). This will effectively wipe out all shareholders who bought through a broker and all control will go to the insiders who will be allowed to take the company private with a tiny offer.
I'm still unclear on why they said they had manufacturing facilities opening in multiple countries. That was just blatantly false. If they were going to go that far, why not say they had millions of dollars in sales as well?
IDTA has been a train wreck since its inception and I don't see anything changing anytime soon. And like any good train wreck, I just can't take my eyes off it. HOPEFULLY good people don't lose too much (more) money on it.