Identa Corp (IDTA)

[RichieBoy]

Chucker retail as I recall was

$19.95 per kit I cannot recall any firm profit margin figures but if your in business as a general rule of thumb you have to charge double to stay in business.

I believe the CEO was quoting figures for calendar '06. If IDTA sold 1 million kits for '06 for one that figure could be added too still but the rough estimate I come up with is $10US X 1,000,000 kits = $10,000,000 US profit.

These very open ended estimates are necessary for several obvious reasons. The year is not over yet unless he is talking fiscal '06 (possible). The kits may have sold for less than retail when moving large numbers of product it is not unreasonable to assume Identa may have sold for less in countries like Romania China etc. to obtain certain recurrent contracts.

Still if IDTA is not making $10 profit per kit I'd be very surprised indeed and I have purposely kept my estimates conservative. What I cannot understand is why this crucial info should constantly be kept away from the public. I don't see the info falling under nondisclosure here or he would not have even broached the subject in public. The reasonings for information omissions by the CEO do not cut the mustard with me. He just told the competition exactly what they need to know and he is clearly NOT under nondisclosure with this information.

If IDTA is plowing $10,000,000+ directly back into R&D and there is no mention of even what the blazes those 500 million preferred are for it appears to become self evident. Yaacov most likely is tooling up for a major order(s) which also could involve a new production plant in Latin America. The first bomb kit customers are the US and France so the emphasis remains global if not weighting toward the US & EU markets.

Completely right about profit estimates or even if I am dead wrong HERE IS MY BEEF Chucker. How can one be expected to draw any serious conclusions from this stock with the predictable and intentional smoke and mirrors game the CEO refuses to give up on? Why won't Yaacov take his shareholders valid concerns seriously?

Any CEO has a fiduciary responsibility to his shareholders to propel the share price as high as he possibly can legally anyway he can. I seriously question whether he is honestly performing his job to the best of his abilities in this regard. I vehemently DISAPPROVE of this constant scant and intentional misinformation campaign. The incessant vague and misleading financial info crucially compromises the shareholders fundamental best interests, profitability. WHY?

If the CEO cannot keep his word ( he said details on 500 million preferred info by September etc. etc. and for four years now on broken reporting promises) and yet he persists in this ambiguous INTENTIONAL misrepresentation then there is no argument! IDTA clearly will continue crippled with it's chronic fundamental age old problem.

CREDIBILITY

It's a fundamental management responsibility and it's a crime shame way to treat long term longs in this manner. How many of these fluff PR's must we endure? When is Yaacov finally going to get the message he must stop this unprofessional misinformation, so incredibly loyal investors can take him seriously!

Be accountable please Mr. Shoham. That is all I ask sir ,and with all due respect I don't think it is asking too much. I truly don't know right now whether to laugh or cry leave or stay after 3+ years of patient support. What I do know is under any circumstances executive misinformation is MISMANAGEMENT.

GLTA longs and to you Chucker.

Best...Rich