Identa Corp (IDTA)

[RichieBoy]

Yes I recall your posts Joe

Do you recall Identa being removed from trading because several investors complained to the SEC? The company languished in the grey market until Identa could satisfy the commission there pinksheets responsibilities were up to date. That took about a year.

I don't think you are deluded in thinking that could happen again. Since then no significant news has been PR'ed and dilution has secretively ballooned.

You are right IMO, this CEO is making a nice living selling shares for a company that cannot produce results. If he wasn't then why would he continue? If Identa cannot trade enough shares this CEO cannot make a go of it.

Think that delisting can't happen again perhaps with a longer if not indefinite suspension? I think it's well within reason the company has failed on every major project I can think of and yet Identa still keeps ripping off unsuspecting investors for over a decade now.

IMO you wouldn't be deluded in thinking this is an intentional scam, designed to fill nobody's pockets but the executive. Here is the solution you get enough investors to register there complaints to the SEC and Identa can't delude investors any longer.