Replies to post #20894 on Identa Corp (IDTA)

[midastouch017]

When i first looked into
IDTA, way back in 2005,
the share count was 2 billion,
what is it nowadays?
Anyway, what's 230 million
between friends!

[chainma1l]

Definitely willing to admit I'm wrong.
This is confusing and where I made my calculation thinking the second column was the previous quarter. Obviously that was wrong, but I think this must be a typo, then. The OS ending June 30, 2016 should be the same no matter how many months they are including.

Weighted-average number of common shares outstanding
Period of 3 months ended
June 30 2016
13,517,625,000

Weighted-average number of common shares outstanding
Period of 6
months ended
June 30 2016
13,287,625,000

I'm not overly impressed with Weinstein & Co. for missing this, but from the information provided, there has been NO DILUTION IN 2016.

If they can pull a quarterly profit going forward, the massive dilution may be coming to an end. OS is still a problem, however.

My apologies for posting incorrect information. I don't know if I can get iHub to edit or remove that post, but for all future readers, Post # 20887 contains an incorrect statement about dilution. I am trying to rectify that, by making this post.