Identa Corp (IDTA)

[RichieBoy]

garagist go back to urka's explicit explanation

Alliance's shares were restricted therefore not in the float. Now those shares having matured are being sold into the float. Anyway you wish to dodge it the fact is Alliance selling common shares into the float. INCREASING that float is clearly dilution it puts additional burden on the PPS to perform, please do not equivocate. I am not prepared to hold your hand on this issue, we are not being told if Alliance's shares were the result of a convertible debenture why?

Alliance for near certain was a venture capitalist. This is just another form of debt servicing because if we were not in debt Yaacov would have walked the talk and proceeded with the buyback paying off Alliance and protecting the PPS. He didn't because we can't afford it therefore that is debt he cannot pay, if you need proof look at the chart. Cleverly concealed absolutely but no lesser than if he had borrowed the money from a bank, only difference you and I now pay for that debt servicing through diluton not Yaacov. IMO heavy dilution which warrants a clear explanation as to what in HELL is going on here.

A reduction in earnings per share of common stock that occurs through the issuance of additional shares

See above.