Identa Corp (IDTA)

[ErnieD]

After trying to think this thing through as to why there are no financial pr's, I can only conclude that there is not sufficient revenue to do so. Even though exposure is expanding, I think sales are only beginning and not yet strong enough to warrant big dollars. Releasing low sales would hurt the company even more. I used to think Yaacov was maybe being secretive but I no longer think that as he would gladly blab about big sales figures if he had them. After all, big sales mean big revenue which leads to a much higher pps. He likes money like the rest of us and he would stand to gain the most with his large stock holding. I think his promises of financial statements are only meant to buy time, similar to the debtor who tells the bill collector I'll pay you tomorrow to keep the heat off. This is a long term risk at best and hopefully we all have something else to fall back on in case this thing goes tits up. Sorry to sound pessimistic but I can't come up with anything else that makes sense.