Identa Corp (IDTA)

[RichieBoy]

I really didn't quite get who this was aimed at,

nor really sure what point you were trying to illuminate. First and foremost must be removal of CE status. Without it gone, you, I, any investor is preempted from significant profits. What really REALLY bothers me is how lame and insincere management has been on the CE classification.

First it was a matter of days then a matter of weeks it's now been months and management steadfastly refuses to update shareholders on any meaningful progress or even lack there of. It SOMEHOW has become a mute topic. So essentially management is now standing in the way and preventing shareholders from making significant gains. Wolfie look up the definition "fiduciary duty" from a legal stand point. You soon realize that all these claims of prosperity are very disadvantageous to shareholders and management alike.

IMO any serious investor looking to make any money from Identa needs to include this question in there DD and attempt to answer it best they know how. Why won't Identa management approach /rectify/update the profound disgrace this company has brought on to itself with Caveat Emptor classification. Shareholders just finished waiting five years for news on Ghana which was touted to be cost free!

"Perhaps the best thing to report to our loyal shareholders is that we expect that the total cost of this expansion project can and will be paid from funds the company"s has been reserving for this monumental step forward.

Management sledge hammered dilution since then and continue to schedule presumably billions more! All I ask is you look at fiduciary duty thoroughly then tell me if you think this CEO is adequately performing his fiduciary duty...okay?

IMO if CE problem is not solved and very quickly it is essentially the death knell for Identa's success. Share price cannot go up when the market is prevented from trusting management. Why management does not want to resolve this situation is beyond my wildest imagination, I find it unfathomable and perhaps the biggest red flag in my DD to date. What has been glossed over here by Identa is the CEO's inability to resolve this insurmountable handicap to Identa longs. I'd love to remain optimistic about Identa's chances but I'm a realist not a lemming. CE is an over powering downer and we are totally dependent on this CEO to get off his backside and DO something about it. I'll tell you right here and now I am in no way shape or form optimistic about the outcome of this impasse.

MHO Wolfie best of luck to you sir, Rich.