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That must have been a longer trip than I thought it was going to be. There are many reasons why the CEO is not announcing developments that have been made. However, this stock's PPS will not rise while everything is quiet. Therefore, Identa should be invested with a speculative mindset and I assume a lot more waiting could be involved.
When details are released I think this will move very quickly, but for now it is sitting and doing a little sinking as everyone has noticed.
In a few weeks/months Yaacov is King? There are many things that could help such as moving the stock from the Pinks...or maybe even being a fully disclosed Pink. Announcing huge deals with the U.S. military, a partnership with Boeing, General Electric, or a huge retail success...
I am definitely waiting to see what happens. 2008 was better than 2007, 2009 was better than 2008, and I predict 2010 will be better than 2009 for Identa. (Tough pattern to catch onto eh?)
Loving this. The greatest part is that there are more large retail expansions that will still happen.
From what i have seen there have been times when Fadi's alerts have been spot on and other times have been like this last one where it wasn't correct. Regardless, people said they wanted to know what he heard. I don't think he is fully at fault. I mean when someone says something someone told them should happen it should not be 100% expected.
I still think the general time is right. Looking for a PR about the last meeting. I don't know what it will reveal or how good it might be, but an update is coming due IMO.
VV,
How are the technicals looking? I checked barchart.com and IDTA went from 80% sell to 48% sell. Although a PR wasn't released yet I still think we will have a PR soon to update us with some info from the meetings. The last PR said they were meeting with the Chicago-based company about final stages of the agreement. It should be good to have another partner and hopefully bring new investors.
Really? How about some reliable evidence for this? TIA!
The trick is to get in after a big drop if you think it will go back up. Or you could average down if you are in already.
The math is a bit wrong, but the idea is right.
The losing 50% and needing 100% increase to get back is correct.
You lose 20% of 100 = 80. Now you need 25% increase to back to 100.
Basically the bigger the drop in % ... the more it will increase the % you need gained to get back to that point.
Imagine 90% gone from 100 = 10. Now you need 1,000% increase to get back to 100.
Richie,
You have sold, stated your opinion on Identa's future and the CEO's actions. Pip is frustrated that you continue to keep repeating those same negative views over and over on the board. I realize you are now on the maybe buy back in side of things where a falling PPS would be okay. However, I don't see this going into .000's without bad news. We have not had any REAL news, there is a big difference between the two!
There has been a bit of a rally from the recent lows. I wouldn't have wanted to be shorting this lately!! We are all rightfully, IMO, waiting for the efforts of Identa to come to fruition.
All we know is that they are selling more kits than ever due to re-orders from current customers worldwide. Also, the demand for kits from MANY large agencies is starting to build as they discover all Identa has to offer. The latter is what most of us are waiting to hear more about!
Preserving capital is fine, although actually I don't have a problem with anything someone else wants to do with his or her stocks. However, I don't see Identa running much lower than the current levels. My opinion of course!
I did some research online about Lord Alliance.
In 2003 he lost £412 million during a falling market. However, he has come a long way since then.
The most recent figures were from 2009. After the market crashed and he lost £172 million, he was still worth £208 million!
He was ranked the 267th richest person in Britain in 2009. In 2010 the stock market has jumped up about 30%, he is largely in textiles and probably made more than 30% back. He is a public political figure and the document that stated he had a large stake, 6.2% of all shares of Identa, was just released this month. He may have owned much more and sold a lot when he was not doing well financially. However, if he no longer owned that 6.2%, I am sure he would have taken it off of his profile.
My point is that there are a lot of well-connected people associated with Identa and more are joining as Identa keeps making further progress.
Remember...
France starting the use of Identa kits in airports? United Nations working WITH Identa? U.S. Army, Navy, FBI, ATF, TSA, and General Electric all ordered kits to test?
All of this is a big positive and shows further increases in demand for kits should be expected!
This is what I was thinking about the PPS might go up but will it stay there?
However, this PPS right now is way too low IMO. There are a lot of people watching, if a large contract and details are released websites might recommend this or setup an alert and more shareholders will come to make the PPS go up.
Also, if the retail does go through I think the speculation on sales through large chains could also bring similar attention to Identa.
With all the meetings that Identa had during the week you would assume they will have at least SOME good news to share with shareholders.
An armored truck in the Washington D.C. Area was robbed. If they had Applied DNA's DNA markers on their cash they would've been able to track the cash easier, arrest the criminals, and the stock would have gone through the roof. Nobody in mainstream America knows about this company or their products! Now would be a greAt time to talk to that armored truck company and suggest APDN's services. I wonder if their insurance rates for the items they transport would be lowered if they start using these products.
It is public now, I just don't think people were expecting this so not many eyes were on COIN at the moment. It has only been available for a little more than an hour as of now.
Yes sir! The people selling those shares probably didn't even see the news release they were just excited that people were hitting the ask! Wait until more people read the news!
Converted Organics has been a favorite of mine for about a year now, I am glad they are finally breaking out in large public chains. Organic is the new cool trend, but these Converted Organics products are more than just a fad!
Good PR notice! I couldn't even find this PR for another minute or 2!
There is a lot going on with this company and a move from .0013 to .0020 is more than a 50% increase.
The stock has been holding the PPS pretty stable at this level for some time now and there is a reason people are still buying any shares being sold. I agree, if you wait (I'm not sure exactly how long), I expect a return up on this.
Just my opinon.
- Zaki
The document is recent and most of the material listed is from 2009 and 2010. "Prepared 13 April 2010"
Maybe he had more shares and sold some? How did you hear he sold his shares of Identa?
I hope you are right Fadi!
Good luck to all!
A member of the House of Lords in the UK parliament owns, "6.1% of the issued share capital of IDenta Corp., a United States OTC market company with its base in Israel supplying testing kits for drugs and explosives internationally"
That is a substantial amount of shares in his hands, but looking at his other investments it is probably just spare change to him at the moment. It appears he has strong Israeli connections and probably has known about Identa for a long time.
http://74.125.113.132/search?q=cache:TlLXRmSsFFQJ:www.publications.parliament.uk/pa/ld/ldreg/reg04.htm+identa+corp+partnership+2010&cd=52&hl=en&ct=clnk&gl=us&client=firefox-a
Summer doldrums, like last year? If so, I can't wait!
The CEO had a lot of qualifiers in there about what they might do in the future which is fine by me. That just means he is keeping us shareholders in the loop as far as what they are expecting to do. Nothing is guaranteed to happen in life. However, he did say that the company has been doing well enough financially over the past years to hire a government consultant. Basically he is saying that the company has been doing well and continues to keep expanding due to demand. I believe him.
I wonder what is going on with that UN research collaboration!!!
Emily,
I love the optimism! I am hoping for good news too. I wonder what they needed to meet with Earthbound about in person. Apparently they are still working on a retail launch and maybe that will bring recognition and new investors to Identa. Also, there is so much going on! I really wonder about this company from Chicago because Identa keeps bring it up in such a way to make me think it is a BIG deal. Originally I thought it wasn't going to be a bigger deal than any of their other suppliers. Plus so many contracts and such to hear about at some point.
I wonder when we will hear what transpired at all of the meetings this week. My guess is that it will be within the next 2 weeks.
When the volume picks up the PPS will too. It is just a matter of waiting for the right news to be released IMO. Sometimes the PPS is good for selling, right now it is good for buying while everything is quiet.
I believe the army is testing their kits to compare with Identa, however there is a huge drawback on the price. As far as the government is concerned they want the cheapest product that will satisfy their needs. Therefore, the kits might get tested but I doubt the U.S. military will order their kits when Identa's products cost only a fraction of the price!
I like being able to watch the Level 2 of this stock, here is the link...
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=apdn
*their deal with Loomis.
I think this may be due to them targeting big manufacters and whole industries to set a standard for commerce worldwide. I believe they will be successful but they will need more companies adopting this first, such as their deal with Brinks. Contract the leaders in their field and the others will follow.
I've been watching COIN for about a year now and it looks like they are starting to get noticed by the big boys in the industry now! I agree, 1 or 2 years from now and this should be MUCH higher.
- Zaki
Did anyone listen to the interview? There was some very good information in there. It was no blockbuster, but I was satisfied with that.
This seems like good buying prices once again! I can't believe this has not taken off yet. Cheap rip-offs are prevalent in our society and this company could help decrease these illegal trades. Everything is being copied, from drugs to high end clothing and textiles! It isn't only the fact that people are making tons of money by saying some cheap replica is an authentic piece, but the fake medications could be hazardous to the user!
This is a keeper.
Does anyone know what Level 2 is looking like? TIA
IDTA will be back up at some point in my opinion. People have to sell a stock over time for one reason or another. Some couldn't stand the decrease in PPS and sold. Some had to cover other positions, found other stocks that they think might move earlier, or had bills. Some people even think the PPS is just falling for whatever reason and want to hold their money and buy more shares when it is lower.
No matter the reason IDTA will go back up in MY opinion and I think there are many people watching for a bottom to start buying again.
May 9, 2010 at 2:20 PM
Identa did not bluff having kits ordered by the FBI. In fact, they did not say anything they have said was false. They just clarified that although a FBI agent said he liked the kits it should not be implied that the FBI was endorsing Identa kits. This makes sense, the government has to stay neutral to all companies.
As far as the bottom, it MAY go down some more. But the bottom is darn close. Decreases on low volume means when this kicks it in gear we should quickly be pushed back to the .0030s and .0040s to make more progress upward. I completely agree with VV that the decreases in PPS has not been due to any negatives done by the company. Less fluff = less info given out. The CEO will let us know when something BIG happens.
Quiet times do not mean they are sleeping. They have continually been making progress and still are making more progress. As the stock has been going down there have been very good buying opportunities. Just reaching the .0040s again almost triples your money from here.
Notice that Earthbound was listed first, the company has not forgotten about the retail launch they have mentioned earlier. It has been argued whether this will be effective in selling kits or not. However, I see it as a good sign that Identa is showing us that they are still working on these projects we have been learning about.
Hiring someone with internal connections and familiarity with the military and Dept. of Homeland Security will definitely be a big plus! Final agreement with Chicago-based company? We shall see what comes of all of this. It is interesting that this is around the same time the stock was falling last year before it took off "to the moon," as some would put it.
Zaki
PPS dropping a little, but the volume is picking up so this can't last forever.
I've been watching and bought some a while back. I think the long-term is going to be good.
- Zaki
This was definitely down too much! I saw the jump coming at some point. However, this is just the beginning! I can't wait until Wal-Mart puts this product in ALL of their stores throughout the United States!!!!! THAT is what I am waiting for!!!!!!
- Zaki
At the end of the day, I still think Identa is in the strongest position it has ever been. A research relationship with the United Nations, connections with many large U.S. agencies, + all the orders that are continually being renewed for drug kits + the progress we don't know about.
I think it is mostly frustration that investors don't know what the company SHOULD be worth right now. That is not easily fixed because at this moment in time the company is not releasing detailed financial information and the explosive kits to fight terrorism and crime may very well be a hush-hush topic (at least for now).
In case this does drop a LOT more, I will buy more then. The downward trend is holding so far on very little volume traded. There are many shares out there and you are correct only a small portion of those shares are being traded at the moment. One very strong PR could easily fly IDTA back into the .0040s and past. I am not saying it will happen tomorrow or this month, but I am still bullish on the long-term.
The drop is just a good buying opportunity...a year ago from now people were worried but still buying shares for 0.0001-0.0003.
CHECK THIS OUT!!!!!!! Opinion from barchart.com
http://www.barchart.com/snapopinion/GOIG
Death by a duck! : )
I don't like it, but I agree.
I sold about half of my shares, but I did buy some back already and I am intending on buying more. I am just waiting for some stability before I keep a large chunk of my portfolio in Identa as I did earlier. I see 2 things happening, either the company will release some information that the market and investors are looking for or the price will keep falling (but how low? we'll have to wait and see). As for now, I am watching this but there are other stocks that are going up at the moment.
Looking out for a PR soon, it is almost the middle of April and no word (unless you count the last PR). So far this year there has been a consistent 2 PRs each month.