Identa Corp (IDTA)

[RichieBoy]

Good morning...

I have personally been over the R/S possibility with the CEO many times in the past and wanted to bring everyone up to speed on that issue. Often as expansion grips a pinksheet company's cash reserves, a very daunting thing happens. Shareholder armageddon, the company issues a PR announcing a devastating reverse split from which you never recover. The issue hasn't been raised lately on thread that I can recall, but it's obvious to me some of you are having second thoughts about this risk we all take as shareholders. Especially as Identa extends itself financially through all the anticipated expansion a MODERATE amount of scepticism is healthy IMO.

Well for the record: as often as I've asked, the CEO's answer has always been adamant and consistent, NO R/S! Today is no different he is still of the same opinion but he has asked a favour. Will get to that in a minute but what I was suggesting is he include this promise of no R/S in an upcoming PR to soothe market fears of the worst. I don't want to become the "company go between" for information through third hand emails as I think this looks unprofessional raising accusations of insider trading and in general eroding investor confidence in the CEO. It is important in this instance however to let everyone in on the nuances of everyday challenges all CEO's face. Have a good one guys I've decided to give the CEO a little space right now he sounds crazy busy over there.

Best, Rich.

CEO's answer:

Hi Rich,

Thank you for your last e-mail.

I will repeat it and give my word that again:
I have no intention to do a r/s, at least all the time when I will be the CEO or involved in the company as a decision maker.

I will thing positive to add your proposal in one of the future press release.
I do not thing that it will be wise to release a special press release for this issue.
The large number of the shares , it doesn't bother me, I am able to take care and manage the company with this numbers of shares.

By the way many of the share holders have sent to me e-mails regarding the company, I am sorry for not answering every body because my time is very limited especially after my absence due my wife's illness.
They will have to rely on the e-mails who I am sending to you or some other people.
It is impossible for me to spend precious time for every body, I am really sorry but they will have to understand that in the same time I am involved with issues that are important for the company.
Usually I am working 18 hours per day to handle and promote the companies various issues.

Have a nice day,


Yaacov Shoham,