Identa Corp (IDTA)

[RichieBoy]

Hey Mike I was looking at OTC requirements

Seems Identa must provide not only financials for the last fiscal period but also the two preceding years prior to that period . Additionally (Page 7 Item 6) they are also required to provide the precise number of tradable shares in the public float. To quote
(i) Period end date;
(ii) Number of shares authorized;
(iii) Number of shares outstanding;
(iv) Freely tradable shares (public float);
(v) Total number of beneficial shareholders; and
(vi) Total number of shareholders of record.
http://www.otcmarkets.com/content/doc/DisclosureGuidelines.pdf

I'm hunching these might be two specific areas where Identa could be taking so long to satisfy issuers. Hey about that gray market you alluded too. If you think volume is sporadic or weak now, the grays are the underbelly classification for the entire industry. Careful what you wish for, trust me you don't want to go there.

So anyway care to surmise when CE might get lifted? Gumming up the works IMO.