Monday, June 27, 2011 8:34:46 PM
That's because they couldn't sell any, NOBODY WANTED ANY. (At least) 1.25 BILLION shares trading now (gagged T/A) and not one could be sold.
Where every one is going wrong is the abbreviation of P.R. at Identa it stands for PRIVATE Release nothing public at all still the same annotated nonsense. Like I have said numerous times this CEO is not about to go to bat for shareholders the fluff will continue.
Do you recall the Annual Update in which Identa urged shareholders to value management's integrity? Well today the market has spoken on that integrity and a lot more besides. This CEO should proceed with the honourable solution and step down. That would show integrity. There is no integrity in being dishonest with shareholders and the market echoed it today and any day there is little or no volume. The market simply doesn't accept this man as a suitable leader any more.
I'll look on the bright side, you bet your lawn chair garagist. As soon as this imposter steps aside and allows someone with the skills required to look after shareholders concerns responsibly.
Watch for dilution midsummer just like last year's double cross. This CEO has zero interest in shareholders that is a proven fact.
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