Identa Corp (IDTA)

[chainma1l]

Right on cue. 42% drop in revenues and nearly 2.4 BILLION shares added in 2016. That doesn't include the 400,000,000 added just last month. The negative progress is remarkable. New CEO, new chairman of the board have obviously done less than nothing for them.
They do have some cash on hand, so I guess they have something to show for the ridiculous amount of dilution. And their margins have really improved, but with miniscule top line, there is nothing left by the time you get to the bottom line.
I'm floored that they keep going. I wonder if they will break the 100 BILLION AS mark this year. Who in their right mind would ever buy IDTA stock?