Identa Corp (IDTA)

[demmo47]

Blaming Sarbanes-Oxley is just an excuse. Financial reporting under S-O requires that corporate officers certify that financial reports do not contain any material untrue statements or material omission or be considered misleading, and the financial statements and related information fairly present the financial condition and the results in all material respects. It would appear they don't want you to know material information about this company. And please don't use that weak excuse about creditors not wanting information to be released.

The AS count has increased by billions over the last year or two which could have resulted in millions of dollars to the corporate coffers. Some have said Identa is trying to build a legit business by selling shares into the float to cover marketing expenses. $250K for S-O would be a small price to pay and would legitimize them more than any of the fluff PRs they have released.