Identa Corp (IDTA)

[RichieBoy]

"IMHO" given what we know (precious little)

There will be more of these types of PR's over the summer. If you can't dazzle them with brilliance then baffle them with BS approach. Let's face it Identa are past masters at that game, it's simply cover for more dilution that I can see.

I expect more useless info than normal so management can slide in another 1-2 billion dilution of share structure over the summer doldrums while everyone is on holiday. That would be three or four years running now with similar symptoms as these previous summers, so no surprise really. As for meaningful information I prefer not to say, because when was the last time Identa gave useful information? Exactly.

The last thing I expect is for Identa to release any tangible info over the summer period. Somehow they will need to pay for this Bianchi character and with Identa's grim financial situation the only way is sell more shares. Identa did not roll out this yawner PR for nothing there was a perfectly valid reason albeit extremely selfish motive. I strongly suspect this is it.

More lipstick on the pig unfortunately John. $8 million in debt would tend to pull my expense horns in that's for sure and especially if there are no major contracts. Retail is a bust, this China routine has been going on for years never heard of this promoter to be frank. Company is desperate probably frantic for cash and this is the only solution. The CEO has boxed himself into a corner so any promises as to no R/S are highly suspect now and should be interpreted with discretion trending towards reality. "IMHO"