Identa Corp (IDTA)

[chainma1l]

No profit this quarter. Lower revenues year over year and a HUGE sequential drop. And more dilution. Definitely not good. Even with their relatively large Q2, they are off year-to-date from 2015. I have no clue what they are thinking over there. They needed to PR their profitability last quarter. Could have bumped their stock price so they could have either brought in more money with the dilution or diluted slightly less. Regardless, I'm fairly certain that shareholders will eventually be completely wiped out.