Identa Corp (IDTA)

[RichieBoy]

yos

I share your bewilderment. I have not had much time to watch IDTA closely the last few months but in retrospect Yaacov has "made his move". In fact very decisively taking on another product. Does that mean drug detection is a by-gone era? No I don't think so in fact new R&D suggests to me he has got an informal heads up from DHS on which avenue they can do MORE business inclusive of drug detection.

Bet your boots it will not have come cheaply Identa has likely spent a great deal of revenue going after this bomb detection strategy.

What is holding us back then? My take is for one financially we are likely stretched to the limit while the product is patented perfected hey it doesn't even have a name yet! So why the sudden change in strategy? What prompted this seemingly risky venture? You tell me

Secondly this seasonly is definitely not the time to hold your hat out for funding! Everyone is planning vacations negotiations get seriously protracted across the board. Senior officials who make the decisions are also taking advantage of that seniority with ample vacation time. Of course that goes right down the line to the mailman so I'm not expecting much movement before September and that could be a tad early for any new ground in PPS.

I'm as frustrated as you yos and the above is not intended as excuse making for management but simply logical laws of averages. Did you pick up on the fact this was not supposed to be announced until 3 months later? Well do tell he is only allowed to disclose so much remember but I get a sense this is being fast tracked now. R&D takes time take advantage of that. Buy on the dips IMHO and strap in come September.

ALL you realize yos? JMVHO GLTY

Best..Rich