Intellicheck Inc (IDN)

[DickCheney]

This is looking pretty good right here, IMO. Just 9 and 10 days ago, people bought 27M shares above $1.20, a couple months after the company issued a secondary that diluted by about 30% at $0.45. 18M shares sold below $1.20 since that spike. At a minimum, people are still holding more than 9M shares above $1.20, most likely much more than that because a lot of the selling was churning the same shares over and over.

Since the last secondary at $0.45 (back on 1/14/14), the share price bounced around between .42 and .55 for about a month, then rocketed up to .80, then 1.00, then 1.20, then 1.60, before it came back down to .75 today. I think we are at the low point given that history. IMO, we will bounce around between .80 and 1.00 for the next couple weeks (or more), but at some point, this is going to take off again.

Now, this new secondary is 2,617,000 new shares, diluting by about 7%. Of course the dilutive effects of these secondaries is offset by cash in pocket.

Any other thoughts on this?