Identa Corp (IDTA)

[Aiming4]

Orange - I've seen a lot of penny stocks go up by 5x and 10x just in the past couple of months, I don't know if that's business as usually for penny stocks or now is a particularly hot time for pennies - I suspect the latter.

SIRI and XMSR were 2 of the biggest story stocks in history, everyone and their brother (or sister in case Trisha reads this post) was aware of the potential for satellite radio because of what happened with satellite television.

So I don't think SIRI makes a good comparison for any other company (not just IDTA) just because SIRI was a unique story.

If IDTA's float does not expand, and IDTA catches the attention of value traders (after all it is a legit company with a quality in-demand product and IDTA is presumably ramping up sales), and IDTA becomes a momentary darling of day traders, it would not surprise me in the least to see IDTA up by 10x in a very small period of time.

The nice thing is, a 3x valuation such as Dubi has projected would be based on the company's performance - all of the multiples beyond that would be a bonus... Aiming4.