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"shareholders will eventually be completely wiped out."
I'm more than fairly certain chain mail, I'm unshakeably convinced. Company shows no communication worthy of optimism, zero remorse/empathy and consistent lack of direction on what to do about Identa's pathetic progress FOR YEARS. Worse they are intent on driving every long into the ground with relentless dilution. I cannot possibly interpret any other outcome moreover challenge anyone in there right mind to see any future with this management.
.The CEO has steadily distanced himself from shareholders, and now his replacement has assumed an enigmatic approach which has already proven disastrous..
No profit this quarter. Lower revenues year over year and a HUGE sequential drop. And more dilution. Definitely not good. Even with their relatively large Q2, they are off year-to-date from 2015. I have no clue what they are thinking over there. They needed to PR their profitability last quarter. Could have bumped their stock price so they could have either brought in more money with the dilution or diluted slightly less. Regardless, I'm fairly certain that shareholders will eventually be completely wiped out.
Kaboooooom! As if on cue! Look at that huge pre-earnings run up!
Q3 numbers could hit any day now. It'll be interesting to see if they show a profit and don't say anything about it. I would expect them to not show a profit and then issue a PR saying that they weren't profitable in Q3 but they did have a meeting with some representatives of some country at a trade show.
Mr. Nash Abramov which IMO's a cheap deflection
In the near future. What does that mean exactly? Identa still muttering in riddles and innuendo and no word what this "new CEO" intends to do with the company. We be talking more than three months later management can't decide what there new CEO should be saying or doing. Think about how pathetic a change over this really is here. He can't speak because he's just a poodle dog so the company can deflect criticism away from themselves.
If this is a restructuring folks I am supremely confident rearranging the deck chairs on the Titanic would be more useful than this Identa changing of the guard. Simply incomprehensible and that is just the way Identa likes it. An eternal , Omni present SNAFU so they don't have to answer questions. The real irony here is there will likely always be a niche ( however small and insignificant ) for reagent detectors. Which must be why Identa never attempts to make sense to there investors. Why bother? Simply not worth it , so it's not in the cards.
...and the band played on zzzzz. :(
A MILE away and counting, that's pretty impressive.
Technology waits for no man. As I predicted years ago; Identa has been superseded by the humble spinach plant , of all things. Would you believe MIT can now detect explosives and airborne terrorist gases a mile away with this new nanotechnology?
Well you better because it's true and as if that weren't enough, that distance is about to go up significantly, and the price point you ask. Can you afford a Raspberry Pi computer...hmmmmm.
'Bionic' plants can detect explosives
http://www.bbc.co.uk/news/science-environment-37823909
13 years of slight of hand is coming to an end IMO. The gig is up. Call it lucky 13 or whatever cranks your tractor but this technology is so vastly superior to anything Identa has, it isn't even fair to compare.
New management, new shell, new mousetrap please.
AGREED 100%...thanks sir.
Greetings.
I'm interested in lots of things. Morbidly in IDTA just because I consider it to be one of the classic early penny P&Ds (those were the days). It's turned out that it doesn't really fit in the P&D category, but it has turned out to be a multi-year train wreck that I can't really take my eyes off of.
Shmaya Avieli is the person's name. I don't know if that's the same person in the links you posted. If it is, he seems like he has some decent connections and an interesting background. I'm not on LinkedIn, so I couldn't see his profile there. Doesn't seem to have much in the way of business background which is very likely not why he was brought in anyway.
I think the most significant thing that I missed yesterday is he is now chairman of the board. That seems a little odd to me, but he isn't going to be worse than the last chairman.
I would think a new COB would warrant a PR and they would want to scream this guy's connections from the highest mountain. BUT, since we all are very familiar with the way IDTA operates, that probably won't happen.
If this guy is willing to give his stamp of approval to IDTA (and not just because he was paid to), then that definitely adds a slight bit more legitimacy to the operation. HOWEVER, that has happened before and gone nowhere.
Regardless of who they bring in and the amount of money they make (which they are profitable according to their last financial statement), there is a MASSIVE reverse split in the future for IDTA.
Their profitability was worth a HUGE pop in PPS. They blew it.
Adding this guy as COB is worth a few %, but nothing major. They are evidently going to blow that opportunity as well.
I admire companies who worry about the business more than pps, but I think IDTA has done shareholders a disservice by not throwing them a bone when they have the opportunity to PR some good news. Especially when they'll constantly PR things like "we had a meeting."
And no pr???...lol.
Is this the new guy??
https://il.linkedin.com/in/shmaya-avieli-93b5488
And what do you think chain?...pretty obvious you're very interested here man.
http://search.sunbiz.org/Inquiry/CorporationSearch/GetDocument?aggregateId=domp-p97000048772-e18309da-4617-4d9f-98e7-3c07a6d05f12&transactionId=p97000048772-aa87746d-6330-4ef9-a2d8-699557f62770&formatType=PDF
Not sarcasm. Filed. Two directors added. New CEO and someone else.
chain, how do you know 2 directors added yesterday?..or that was also sarcasm??..lol
Crickets? Something approaching meaningful volume and nobody has anything to say.
A couple new directors added today. Maybe there was some celebratory stock purchasing going on.
The last two "new" directors didn't last very long. I think one of them may have been that investor they referred to in one of their filings. No further mention of that. Surprising to say the least (that's sarcasm).
KABOOOM! Obviously institutional buying today.
TO DA MOOON!
Yep...actually I'm just saying the last trading pattern is strange...not saying a ten bagger is coming...maybe a r/s...but something is about to happen imho.
I think today's price and volume is every bit as significant as those few million share days. Down on 42k volume. Almost reinforces how insignificant or irrelevant any recent trading as been.
Does anybody want to predict why the new CEO is brought in and how he would uplift the share price ?
Flat out smart ass is what I'm being.
I don't find a few million out of SEVERAL BILLION shares moving significant. Bring statistics into this and it's 0% of the AS/OS/float. 29 million shares traded over the past month may seem interesting, I just don't think it is. It's not going to make anybody any real money unless there is a significant move up in pps. I just don't see that happening. If this "volume spike" was from somebody "knowing something", the volume would be multiple times what it is. I don't think it's someone accumulating on the down-low.
It's somewhat anomalic by definition, but I don't think it's significant or indicative of anything. My guess is that their profitability was noticed by a few people willing to make a very small bet.
Not SURE if you're being ironic once more...but you have to agree with me the trading last days has been pretty strange.
Let's see if the new CEO has something for us...hopefully soon.
A veritable explosion of activity with IDTA's trading over the past week. I'm SURE something is up. I'll bet the excellent new CEO has something to say in a matter of weeks!
Thinking about a similar TTCM news here...let's see if october brings something good for IDTA.
True! I really am sorry! The idea
was good, the execution, however,
was horrible, very unprofessional!
I wish you all the best, hopefully
at the first opportunity you can
get your money back, or at least most
of it! As you well know there have
been miracles in our region in the
past! Quién sabe? maybe soon again!
Best of luck Papadedavid!
Sure you were midas!!! So sad IDTA didn't become what all we expected...Yacoov included.
Greetings midas!!
hahaha...good luck 2U2!!
I'm not sure if that's a compliment or an insult!
28 minutes for IDTA to hit $.5 for you. At least today anyway. I'm guessing you would probably take $.5 in a year as well.
Good luck!
lol...that's the other reason why I love IDTA (or loved it)...this is the board where I found the most intelligent people on pinkyland...;O).
Just playing it safe since I haven't seen you on the board for a while.
I check my watchlist daily and anytime IDTA has any volume, it surprises me. Especially when it's teeny little amounts like today, so I have to get in my occasional jab since you know Wolfie and some of the other obsessives are still watching. Heck, I'm still watching after all these years.
I agree that it's POSSIBLE someone could make some money on IDTA. I don't know that I can agree 100% that it's not a scam. I'm 99% there, but the way these people operate leaves that 1% of doubt in my mind (recycled press releases and stating they had manufacturing in multiple countries for some reason, among others). I know that IDTA makes a real product that is sold for real money. According to their latest financial statement, they are even profitable. How the stock price did not increase because of that is beyond me. The dilution is incredible, but absolutely NO reaction in the pps? Seems odd, unless everyone on the planet is just tired of the way they operate.
Good luck to you! I hope you make a million dollars off IDTA! I'll call the bar at the IDTA Vegas party and buy you a beer since I won't be able to go.
lol...obviously I know you've being sarcastic here...but you are here every day on every single trade...
This was one of my first stocks...and I got a ten bagger (GOD I remember I couldn't believe it).
It's NOT a SCAM...you have to agree with me on that. I still think there's money to be made at these prices (all private investors paid 0,0002 at the very least).
Greetings.
Sarcasm doesn't always come across in plain text. If someone was to offer me free shares of IDTA, I think I would turn them down.
chainma sure you must be heavily invested here...or you got huge losses. Anyway I wish you the best...only a buyout news could move IDTA right now IMHO...fingers crossed...I'm almost sure something is coming.
'Tutes flooding in now! TO DA MOOOOOON!
Fry naked shorties!!!!!!
Get in now before the company's next huge news release about making a sales presentation somewhere!
KABOOOOOOOOOM! Volume alert!
TO DA MOOOOOOOON!
You are correct. Their profitability might lead one to believe that there was a "huge" order, but their revenue seems to indicate otherwise.
That China order in your other post sounds YUUUUGE! Now shareholders just need to wait for IDTA to enter the Chinese market and they should be richly rewarded. IDTA should be entering the Chinese market several times over the coming years. Or in a matter of weeks!
This just in:
Dateline, China. 49,000 small mom & pop convenience stores in China have individually confirmed they placed an order for one (1) unit each of the latest, greatest doohickey from Identa.
As wolfie would say, "This is HUGE!!"
And there is just no way to confirm those "huge" orders in those countries.
Must be just coincidence.
They already PRed that "huge" France order. 49,000 kits sounds like nothing to sneeze at. The market obviously wasn't impressed.
And then they gave a presentation in Argentina! HUGE NEWS!
And they are entering the Chinese market! That's at least the third time they have done that.
IDTA operates in such a strange manner, it's just mind-boggling.
And as you have said, there are so many companies on the pinks that appear to have much less going for them and they trade higher.
Cause of the last attempts, unfortunately timing could be right for IDTA. Waiting for a pr about a huge order...we'll see.
I have as well. You are definitely right about that. I hope for the sake of all of the people who have been stuck in this for years that she sings her heart out. Maybe with their newfound profitability, it could come to pass, but the new CEO doesn't seem to want to change the status quo anytime soon.
Good luck to you!
You maybe right chainma...but I've seen much bigger pigs fly in the OTC...actually I still think the fat woman will sing a last time here...we'll see.
My advice is don't hold your breath.
I don't know that the company has ever actually had any "real" news. I take that back. Putting product in Walgreens and becoming profitable were both real news. Did they actually PR either of those? No. Have they rehashed the same PRs over and over for 10 years? Yes.
Not sure who'd pay .0005 for IDTA. Somebody who has money that they don't like, I guess.
KABOOOOOOOOOOOOOOOOOOM!
Fry naked shorties!
13 bil. o/s and a 150% spread??..either this one is done or something is up...still waiting for REAL news.
Most any news wire should carry them. If they are up to snuff you should get a few years worth minimum. If looking for a particular subject google it plus Identa Corporation and you will commonly get what you are looking for.
RichieBoy,
Where could I see the press releases issued by IDTA ?
Thank you
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.
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Florida Profit Corporation
IDENTA CORP.
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