I'm interested in lots of things. Morbidly in IDTA just because I consider it to be one of the classic early penny P&Ds (those were the days). It's turned out that it doesn't really fit in the P&D category, but it has turned out to be a multi-year train wreck that I can't really take my eyes off of.
Shmaya Avieli is the person's name. I don't know if that's the same person in the links you posted. If it is, he seems like he has some decent connections and an interesting background. I'm not on LinkedIn, so I couldn't see his profile there. Doesn't seem to have much in the way of business background which is very likely not why he was brought in anyway.
I think the most significant thing that I missed yesterday is he is now chairman of the board. That seems a little odd to me, but he isn't going to be worse than the last chairman.
I would think a new COB would warrant a PR and they would want to scream this guy's connections from the highest mountain. BUT, since we all are very familiar with the way IDTA operates, that probably won't happen.
If this guy is willing to give his stamp of approval to IDTA (and not just because he was paid to), then that definitely adds a slight bit more legitimacy to the operation. HOWEVER, that has happened before and gone nowhere.
Regardless of who they bring in and the amount of money they make (which they are profitable according to their last financial statement), there is a MASSIVE reverse split in the future for IDTA.
Their profitability was worth a HUGE pop in PPS. They blew it.
Adding this guy as COB is worth a few %, but nothing major. They are evidently going to blow that opportunity as well.
I admire companies who worry about the business more than pps, but I think IDTA has done shareholders a disservice by not throwing them a bone when they have the opportunity to PR some good news. Especially when they'll constantly PR things like "we had a meeting."
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