It is awfully quiet. I bet on Monday we get the "Great trip to the US" PR, with no numbers, no mention of financials.

You are joking right? Lets call that last run exactly what is was. Without news this thing is in trouble.

I dumped, took by $1k profit to the bank. With no real news the run looks unsustainable.

Here you go:
Mr Shoham stated, "We are starting the process of making IDenta Corp. a listed company by releasing current financial numbers. This will change the current status of IDenta Corp. on the pink sheets stock market."
The financial report for 2011 (still two weeks to go) will be released as soon we have the audited report after the beginning of 2012.
It will be released no later than the period requested by the stock market.

We did hear from them, they said the would be releasing 2011 financials by the end of March which would change their status on the Pink Sheets.

I don't believe they will do it, but that is what they said.

Emily this is what that PR will say:

Identa was in the US for two weeks. Besides participating in many tradeshows they had many important meetings with many important people. The US market could be worth billions for Identa in particular the retail and school markets. We expect many orders in a matter of weeks.

3 weeks or less until financials. This is what they said anyway along with that by providing financials their current status on the Pinks would change.

Think they will:

1) Release in the next week or so

2) Release on the last possible day

3) Not release at all

6 months until a R/S? Is that your prediction? If you are talking about how long the company can last, the answer is indefinitely without any SEC or legal intrusion. They will just keep increasing the share count and finding some new people to believe the hype.

This took me five seconds to find. Is this too much to ask?

http://www.globenewswire.com/newsroom/news.html?d=222451

Over the last six months they have expanded their a/s by over 30 percent. Most companies do report when they are diluting because it is their duty to their existing shareholders. I can find you plenty of examples of companies that do this.

3 I challenge you to find one legit company that has had this level of dilution and share counts with this low of revenue. There is nothing reasonable about it in my view. If it was reasonable why wouldn't they announce it with a PR?

Which PR will we see next:

1) Had a great trip to the US had many important meeting with many important people, orders to come in a matter of weeks

2) Got 6 new orders from Zimbabwe, we have a great new partner there

3) Orders year to date, xxxx units, in only 12 short holiday weeks

4) Here are financials we promised you twice already

Another miss, good work Fadi.

Which news was that, the increase in the A/S

The company has a history of making forward looking PRs that never come to fruition. They have twice promised to provide financials in the last year and a half and they missed their first promise and have 3 weeks to hit the second. They also stated they had a retail deal last summer but it never happened.

The have jacked up the A/S by 3.5 B in the last 6 months and have not provided any insight into why.

They claim sales have picked up recently but they only did 200K in revenue last year down from 500K in 2008.

I would not say it is a mixed bag, I would say the bag is full of lies, but that is just my opinion.

Do what Emily suggested read the PRs, check out Sunbiz, read about why they are listed as Caveat emptor.

I think he is talking about all the volume that is happening today based on the exiting news that Gabe is on the case 6 hours a week for Oximeter.

6 hours/week for Oximeter that will see alot of kits.

Emily why do you think they never announce the dilution? We need to monitor Sunbiz to find out. I believe more then ever we are not going to see any meaningful financials. If they do release the required current information we are going to learn what they are doing with the proceeds of these stock sales and my guess is it will not be pretty.

By my calculation Identa generates $.002 in revenue for every share authorized. Does anyone know how this compares with Apple?

It is not bashing, it is stating facts. That is what you don't seem to get.

Fact: A/S is 10B
Fact: They said they had a retail deal last August, and missed
Fact: They said they would report in 2011 and did not
Fact: They said they did 200K in revenue which is down from 500K in 2008.

Sure they have said they have multiple new orders, but is that true?

Identa increases A/S to 10B, wow. They just went to 8.5B. Of course they do not mention this in their PRs. Business must be booming.

Wolfie how do you feel now?

http://www.sunbiz.org/pdf/21688350.pdf

I don't get the mentality of the Identa longs who seem to turn a blind eye to all past problems with the company. Its as if they just want to start over, which in my opinion is just what Identa wants, they want you to buy into the current slate of promises.

It could be that some of these folks are being compensated to pump, but that is just an opinion.

Otherwise there can be no way an investor with any shred of intelligence can look at this stock and see a buying opportunity, in my opinion.

I am absolutely not certain of that. This is based on the press release they put out in Q4. It said financials in the amount of time stated by the stock market, which the best I can figure is 90 days after the new year, which is the end of March.

I personally think that they will not provide financials or if they do they will not be of the kind that meet the current information requirements to remove CE, but that is just my opinion.

When something positive happens I will make a positive post. More smoke and mirrors is all we have seen. Financials in 3 weeks.

Tough to say without knowing the cost structure, but say their cost of goods was 40%, they then have 600K left for rent, salaries, travel, websites, PR.

My guess is that would be breakeven, but who knows. Thus with the number of shares outstanding being 8.5B I would say the stock price would not move or maybe go down. Just a guess though.

I don't think there was ever a deal either. More smoke and mirrors.

In reality the market is law/legal/armed forces for this type of product and from what I have seen there are better detectors out there, which is why maybe they only do 200K in sales per year.

This is why I question the whole retail market for these products. I don't think anyone would find a suspicious substance in their kids room and then rush to CVS to buy a kit to test it. First off, everyone knows what marijuana looks like and if you find a bag of green stuff you pretty much know what you have.

I also question schools doing testing like this? I think this might cause legal ramifications. If a school finds a suspicious substance won't they call the police?

Do you really think the only thing holding it back is CE? What about 200K in revenue with 8.5 billion shares?

If CE gets removed it will be because they finally provided current information which will be a good thing for all. However, if we do get a look behind the scenes how can you be convinced it will be positive?

Less then a month for financials. I can't wait. Fadi said it would be this week, but I don't know if I believe him. However, I am sure we can have faith in Identa. When have they ever mislead us on financials? Oh yeah I forgot, last year.

Anyway the countdown begins.

Sorry to let the facts get in the way. I also wonder why people think that if (and this is a big if) they release audited financials that this will help the stock price. With revenue as poor as they already stated the financials are likely to show a bleak picture and I believe will show that the company has been living off of stock sales, not product sales.

200K in revenue for 8.5 billion shares is not a lot. If the CE gets removed I would the best they could do is return to the pre- CE levels which is not much higher then where they are now.

Time will tell. They have a month left to file.

So you think a company with 200K in revenue has a realistic shot of having a market cap of $8.5 billion?

It is not just my opinion, there is a long line of broken promises to support my assertions.

for someone who claims to have invested as much as you have, i think it is a huge mistake to not care about CE.

So you are saying financials in under two weeks?

They have at least two employees it looks like. How they can be profitable at 200k in revenue is beyond me, of course if they published financials we would know.

Hate to break your bubble on this, but I don't think they will be announcing any profits any time soon. A company with at least 3 employees and 200K in revenue, with their manufacturing and travel expenses is not profitable. Can't be.

Let's face it, this thing does not move until CE gets removed. If they miss one more promise of financials I think this thing could go belly up. Just my opinion.

I love when he shows up for a day or two, makes bold predictions then disappears.

Do you think that Long Island company exists? I looked at the conference web sites and could not find a good candidate.

This is a typical press release for them. Time is ticking on them missing yet another self-imposed deadline. No financials by the end of March and then you know there is a problem.

apparently that is okay if you are one of the mods though.

Funny my post questioning the accuracy of Fadi's past predictions, gets deleted. I think we know which side the mods are pulling for.