Identa Corp (IDTA)

[chainma1l]

Seems a little odd that there is actual volume on the day they raise the AS to 16.4 BILLION (16400000000).
If the company had done anything to promote themselves or their product recently, they could have easily made twice the amount on those shares, but as it is, they'll end up with very little to show for it. Of course, they may sell them to one of the insiders or another individual rather than on the open market.
Does not bode well for their sales if they have to continue to dilute at a ridiculous pace.
Massive reverse split is inevitable, but maybe they have their eyes on 100 billion AS first.