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It's like rearranging deck chairs on Titanic
A fat lot of good Chinese market will do shareholders who are saddled with 13 billion shares of a stock going nowhere. A management unable to find success if they fell over it and determined to roll out yet more pointless PR's confusing the hell out of everyone. My hunch is they will use the Chinese negotiations to rack up yet more diluting shares.
This guy sounds identical to his predecessor as if they were reading from the same script. "Extremely successful" ...at what exactly. Learning the fine art of chopsticks???
Just another bunch of whooey going nowhere meaning nothing. Vague innuendos of success will never move any stock , never mind this pile of bs. Year upon year , billion upon billion of dilution. It is the same disappointment, the same confusion, the same relentless subpar performance. The same SNOW JOB.
New shell, new company, new management, better mousetrap please.
Well, i did say that IDTA
does very well in the news
recycling business, did i not?
So far I don't believe he is "a lyin'", but unfortunately, I still am not inclined to purchase any IDTA shares.
Anyway chainma you have to agree with me they are not trying to dilute on these type of news...
Come on!!!, our new CEO is a "lion"...we know he can do it much better...lol.
lol...I wish it was 2005...or maybe not..lol.
Pure_Greatness, I respect your opinion, but you DO need to make sure you're staying out of IDTA for the right reason. There is so much more to not wasting money on IDTA than just the 13 BILLION OS!
If it's 2005, I agree with you.
But, actually, the new is not bad...not bad at all.
lol...he is indeed VERY eloquent.
Wow. Unbelievable.
Hasn't IDTA entered the Chinese market on at LEAST one other occasion?
A product demonstration in China was successful. And? What? Who cares? Are they going to PR every product demonstration?
They will PR something this pointless, but the company ACTUALLY posts a profit and they make NO mention of it whatsoever?
=====================================================
JERUSALEM, May 17, 2005 (PRIMEZONE) -- IDenta Corp. (Pink Sheets:IDTA) announces, as noted in the press release issued in April, that last week a representative of the company, Mr. Amir Shoham, demonstrated IDenta's products in China. The products were pres0ented to members of the Chinese federal police, the drug unit and lab staff.
The presentation included a demonstration with illicit drugs and the results were extremely positive. There is a very good chance that the various units of the Chinese police will begin using IDenta products in the near future.
=====================================================
JERUSALEM, Israel, September 8, 2006 /PRNewswire-FirstCall/ -- IDenta Corp.
(OTC Pink Sheets: IDTA) announced today that its line of professional drug
detection products have recently been tested and approved for use by the
Chinese Federal Police. As a result of this endorsement, IDenta Stinger
product information and ordering procedures are being distributed by the
agency to several thousand police departments across China. The
breakthrough with the top Chinese law enforcement agency was negotiated by
Lotus International, a Chinese company based in Beijing, China.
Identa decided to switch from its previous Chinese rep firm after
background research about Lotus showed Lotus was succeeding in the very
closed Chinese security product marketplace. The announcement comes after
meetings dating back to May with Lotus International head Ms. Wang
Chaoying, Mr. Amnon Chevroni, who resides in China, and Dr. Amir Shoham
(Ph.D. in Business Administration and Economics) of IDenta. The Lotus
International board is comprised of both Chinese and Israeli executives.
"Lotus International has done a remarkable job," remarked IDTA CEO
Yaacov Shoham. "In five short months Lotus demonstrated Identa's drug
detectors to the relevant departments of the Chinese Federal Police with
great success, then negotiated excellent pricing terms with the agency's
purchasing department. IDenta and Lotus been told that in a relatively
short period of time, we can expect to begin to receiving orders from
police departments throughout China,"
As part of the new marketing program, collateral materials, as well as
a website, www.bjjingam.com, are being developed to display the Lotus
International's logo next to that of the Police Equipment Center of Jing-An
Forensic Science. The Chinese advertising flyer for IDTA drug kits can be
also seen at: investorshub.com/boards/read_msg.asp?message_id=13002518
Lotus International is also preparing to present Identa's products (drug
and explosive detectors) at the China International Exhibition of Public
Safety and Security to be held in Beijing at end of October.
About Lotus
Lotus International is a Chinese company specializing in Security -
Legal law enforcement products aimed for police, army, security
corporations etc. Lotus also represents a number of different Israeli
companies in the Chinese marketplace.
=====================================================
JERUSALEM–(Marketwire – Dec 7, 2011) – IDenta Corp. (PINKSHEETS: IDTA) CEO Yaacov Shoham today made the following announcement:
Mr Shoham stated, “We have recently signed a long term agreement with a company from China — regarding China, Hong Kong and Macao.
“We have been negotiating with the Chinese company for a few months, doing due diligence about the company and at the same time, the local company has investigated the market size for our kits (drug detectors) in China, and the different ways to market them.
“The results of the investigation were that the markets in the Homeland Security industry in China are huge for IDenta’s drug detectors. It is a possibility for sales of many millions of kits per year. It is a ‘virgin’ market currently using a very small quantity of drug detectors manufactured by other companies. The current drug detectors being used in China are at a very ‘primitive’ level and are expensive. The Chinese markets are large, almost like the USA markets (Homeland Security) but with a huge advantage because it is centralized and we will not have to deal with each police department like in the states.”
The local company is AST – Asia Science & Technology, a division of Asia Group Corporation Ltd. www.asiacorporation.net (English version still under construction), a very well connected company in China.
=====================================================
JERUSALEM, May 22, 2012 /PRNewswire/ -- IDenta Corp. (OTC Pink: IDTA) today announced that Mr. Yaacov Shoham, IDenta CEO, is participating this week at the following exposition in Beijing – China:
China International Exhibition On Police Equipment (6th Event) May 22-25, 2012
IDenta's products are being presented at the exposition by the Chinese company: China Jing- An Import and Export Corporation (the official Police trading company).
The relationship with the Chinese company started 6 months ago.
During those 6 months IDenta with the local company has been able to prepare different marketing materials in the Chinese language and to establish the future business connections.
At the convention Mr. Shoham will have scheduled meetings arranged by the Chinese company with high ranking officials from many different Chinese legal law enforcement agencies.
=====================================================
JERUSALEM, June 18, 2012 /PRNewswire/ -- IDenta Corp. (OTC Pink: IDTA) CEO Yaacov Shoham today announced an update to the marketing plan in China.
JiangAn Import and Export Corporation has received information from the China Public Security department (the federal department) that their plan is to put IDenta's introduction information on their internal website so that all the real-end users (drug departments in different provinces, especially those border provinces) can access, review and evaluate.
JiangAn Import and Export Corporation is the official Police trading company, a government company. JiangAn is the company representing IDenta Corp in China.
Mr Shoham met last month with high ranking officials from the Federal Public Security Department during the China International Exhibition On Police Equipment (6th Event) May 22-25, 2012.
Mr Shoham stated, "In the last few days we at IDenta Corp have already sent several files describing our different products. We expect to have the files translated into the Chinese language in a short time. After the translation, the files will be placed on the Internal website of the Chinese Federal Public Security Department.
China is an important target for the IDenta's Corp different products including the precursor kits. We at IDenta Corp together with JiangAn company are expecting to start making sales to China in the last quarter of 2012."
Come back Pure_Greatness! The float is allegedly somewhere below 2 BILLION! Certainly 2 BILLION is within your limits! Please! Please! The company is profitable and has a new and VERY eloquent CEO!
IDenta Corp. Announces Entry Into the Chinese Market
JERUSALEM, September 13, 2016 /PRNewswire via COMTEX/ -- JERUSALEM, September 13, 2016 /PRNewswire/ --
Mr. Nash Abramov, the newly appointed CEO of IDenta Corp (otc pink:IDTA) a developer of proprietary on-site drug, precursor of drug and explosive detection kits, announced today significant progress in penetrating the Chinese market. "The Chinese market is enormous and challenging and we have made a number of significant steps. Today at a government agency in China, our product demonstration was extremely successful," said Mr. Abramov.
______________________________________________
IDTA can certainly go into the
recycling news business!
(It did well in the printing
share business up till now too)
KABOOOOOOOOOM!!!!!
Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee!
Stopped trading nonetheless and ironically not long after
Identa investors had lodged complaints to the SEC. Slice it dice it anyway you like. I say the SEC listened and acted appropriately.
Correction: pink sheets is not an exchange but rather a listing. But it still had requirements that had to be met to maintain listing.
Yes, but stopped trading due to violation of the exchange rules not due to action of SEC.
It was stopped from trading on the pinks
...Due to lack of information ( total shocker ) It was very weakly traded but not on the pinks. For about a year as I recall. Consistent volume never recovered due to severe lack of market confidence.
Read this from the SEC site: https://www.sec.gov/investor/alerts/tradingsuspensions.pdf
According to the SEC, the offenses you cite would be cause for a suspension. I don't recall any suspensions.
Are you sure the SEC flexed its muscle, or was it just management putting lipstick on the pig to sell more shares?
I strongly disagree, the SEC does listen.
Whether they act on those complaints seems to be if they get enough complaints pointing to an unmistakeable trend. Identa has been called out by the SEC previously and there feet were held to the fire on scant info, shady PR's and lack of follow through on those questionable releases.
SEC has indicated a desire to clean up the pinks and previous action against Identa clearly underlines that intent.
Complaining to the SEC is an option, but one that will likely produce no results. The SEC is under staffed and over worked in dealing with "real" companies.
Quite simply, the OTC is a casino. If one "invests" in OTC companies and one loses, well ... so sad, too bad.
...and it ain't over yet.
Here comes more of the same with a new twist on an old scheme.
Exactly why it's time people object to the 1.3 decades of bogus PR's and contracts by complaining to the SEC. It's true what they say, there is strength in numbers.
This thread won't affect change unless it's gets proactive. Complaints have been posted for years. Doesn't phase them in the least. Sounds like they are gearing up for a record year of deception and ineffectiveness. What a waste of skin this management. I agree con artists from the get go.
"an explanation what really went wrong"?
Nothing went wrong, it went exactly as planned. An OTC cash machine for insiders.
What went wrong was gullible OTC buyers believing the story line.
Con men exploit the wisdom in PT Barnum's words.
Haven't investors been mooned enough already !!!???
Relentless billions upon billions in diluted stock. 13 years waiting for a significant contract to take this to the next level, any level. Now the CEO enigmatic as ever , shuns the
limelight and throws this pooch in someone else's lap but doesn't tell anyone who this next CEO really is or what the contingent CEO's plan is.
Is that not mooning the very investors that carried Identa's through a 13 year litany of constant failures? I think so, and at the very least they deserve an apology. Better: an explanation what really went wrong . BEST a good look at who this new guy is and where he plans to take Identa with 13.5 billion shares and no significant success.
Yes we are all getting mooned while the current CEO prepares to moon investors from the sidelines!
Incredibly raw deal, Caveat Emptor.
The board should give him a bonus. And they probably will. At the expense of the retail shareholder, of course.
New CEO is kicking ass! Shareholders should be happy they have somebody like him who is getting things done!
TO DA MOOOOOOOON!
The part that bothered me the most:
Identa was very vague about this new CEO. It was like, he is a buddy that's all investors need know, so we will forego any info on the new CEO.
Of course to give this mega diluted stock a fighting chance they needed to go into detail why they thought he was the right man for the job.
All investors are getting is more smoke and mirrors. This should NOT be a secret. To gain investor confidence transparency is paramount. Clearly new CEO or not Identa is resorting to its old nefarious ways. Nothing new same old obscure information, just a bigger pile. More shares , less meaningful news all the time . Except this new CEO will deflect for the outgoing CEO.
So in short the outgoing CEO who told the public nothing worthy of serious investment or financial significance is giving that job to his new fall guy who we really know nothing much about. Strongly suggesting whatever new management are up too it doesn't matter anyway because it is not worth there time or inclination to tell investors ANYTHING.
About what I predicted years ago and still they keep flooding the market with shares. Wow 13.5 billion shares for 13 years on the pinks. A model of consistent failures and no end in sight. Run in the opposite direction at high speed papadedavid this is simply the same old scamarama in a new costume. MHO YMMV but I doubt it.
New company , REAL new management and a business plan that isn't yet another confusing fairy tale please. Disband IDENTA from the pink sheets. Bring something to the table worth buying. After 13 years getting pretty tired of quarterback sneaks.
Totally agreed chainma...let's see what/if something happens in the next 2 weeks or so. Looking for vol alert to add here.
Their financial statement from the prior quarter said the same thing, but at least their dream came true. Profitable is profitable.
Looks like they cried wolf one too many times and nobody is believing them or people have just forgotten them. Reaction to being profitable has been underwhelming. And again, the fact that they didn't PR it is just mind-boggling. Arguably the single most remarkable event in the history of the company and they don't even call attention to it after repeatedly calling attention to so many non-events through the years.
Muchas gracias a mi amigo,
todo lo mejor y verte feliz
y exitoso!
Thank you midas...I always remember you with "love"...sure not easy to find people like you in pinkykand.
I wish you best of fortunes,
to the company as well,
myself i am long ago at the
sidelines.
Obviously I don't see IDTA as an investment like I used to years ago...but it could have one last trade IMHO.
Greetings midas.
After all these years papadedavid,
and you are still optimistic!
That's very nice but perhaps a bit
naive too?!
On the other side I do like this:
"Note 15 - Subsequent events
The company signed contracts with international entities, according to the management those achievements will rise the
sales and will bring the company to profitability."
I'll be around here till the next news/filings.
Good catch. Nice job IDTA (and all other pinks), by diluting immediately after a filing.
Even if the float actually was 1.975 BILLION, IDTA has to move hundreds of millions to move the needle and that just isn't happening. Recent volume has effectively been zero. Yes, I saw the one 13 million share day. BFD.
Actually you were wrong...the current o/s is 340 millions higher...lol. Take a look at pinksheets.com:
IDTA Security Details
Share Structure
Market Value1 $4,157,288 a/o Aug 19, 2016
Authorized Shares 16,000,000,000 a/o Jun 30, 2016
Outstanding Shares 13,857,625,000 a/o Jun 30, 2016
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 1,975,000,000 a/o Sep 30, 2015
Par Value 0.001
They issued 340 MM shares more...not nice. This is from the last 10Q (right at the end):
"The company issued 340,000,000 shares at the beginning of July. The company issued the shares for director compensation and for interest payments."
13,517,625,000 + 340,000,000 : 13,857,625,000
Definitely willing to admit I'm wrong.
This is confusing and where I made my calculation thinking the second column was the previous quarter. Obviously that was wrong, but I think this must be a typo, then. The OS ending June 30, 2016 should be the same no matter how many months they are including.
Weighted-average number of common shares outstanding
Period of 3 months ended
June 30 2016
13,517,625,000
Weighted-average number of common shares outstanding
Period of 6
months ended
June 30 2016
13,287,625,000
When i first looked into
IDTA, way back in 2005,
the share count was 2 billion,
what is it nowadays?
Anyway, what's 230 million
between friends!
I think if you take another look at the financials you will see that 230 million was in 2015 not 2016. The total outstanding shares Dec 31, 2015 and June 30 2016 is the same.
My take is the sale of
230,000,000 shares is
included in Q2 profits,
or at least part of
the revenues.
Bloody hell they didn't waste any time diluting...again.
New company , new mouse trap please....Nothing like more senseless dilution and gratuitous devaluation to get in good with the new hostages. Did I say that!?!?! Of course , I meant retail shareholders. Sorry my attention span is wandering because this plot is getting very old. Unlucky 13 years to be precise. Past pathetic IDTA.
"huge order". You are a great comedian! Keep 'em coming, I love a good laugh!
when they have a huge order we will here pumping until then not worth buying or selling
Leave it to Jaackoff and the new Jaackoff to NOT PR what is to my knowledge, the first profit in company history, but they'll PR all kinds of unintelligible babble about potential sales. Reminds me of their bungling of the Waklgren (that's Walgreens for those of you who didn't read the filing) deal.
Q2 PROFIT! Why isn't IDTA TO DA MOOOON?
Percentage-wise, revenues for Q2 were about 2x of Q1.
Now for the reality: revenue for Q2 was a whopping $165,187 producing $7,703 in profit. That's with what appeared to be the largest single sale in the history of the company (from what I recall in the PR).
230,000,000 share dilution in Q2 as well.
Don't get me wrong, their gross margins appear to be excellent, but after this many years, I just can't believe sales aren't higher and the continued dilution HAS to be addressed at some point.
Where are the pumpers from a few months back? They don't want to pump the living sh*t outta this?
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IDENTA CORP.
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