Replies to post #3547 on Identa Corp (IDTA)

[RichieBoy]

garagist believe I see what irks urka

If not it sure concerns me and many others. The Alliance issue is only part of the unknown. It is the open endedness of the share structure which leaves everyone with a question mark. The fact that Interwest won't give the share structure makes it necessary to ASSUME that 150 million is Alliance it could be a lot of things, we cannot be sure.

Interwest for me is a huge headache I want to know what the share structure is not in rumor I want to KNOW! The lack of cooperation from Interwest compounds the lack of credibility by an order of magnitude because it's possible Yaacov is simply diluting we cannot say with any certainty what is going on with share structure or this 150 million in question.

If Interwest cannot do the job as required, then Yaacov should get a new agent. It's a clear sign of indecision if Yaacov does not deal with them. To change agents would at least display he is managing the problem. I am adamant if Interwest cannot give out share structure (which they recanted on for my inquiry) then they must go, pronto. It's bad enough we don't get answers to key issues from management but to also not know the share structure???!!! Absolutely preposterous not having a verified float and authorized, LUDICROUS!

Put Interwest on notice if by a certain date they don't cooperate then give them the heave ho. Why the CEO even tolerates this for a minute longer totally escapes me.

Best... Rich

[urka]

No. I do not agree. I believe that you may be unaware of the definition of float. Simply stated, the float is all issued shares less those closely held and not generally traded. If Alliance is liquidating his position, then all of his shares are in the float. The size of the float determines how much the price will run. The larger the float, the more difficult it is for the price to run. IDTA can't run if there are another 500000 shares added to the float.

[urka]

Unless Yaacov knows for fact that Alliance will absolutely not sell more shares in the near future, then at best he can only hint that Alliance has only sold 150000 shares, thus far. But the remainder of Alliance shares are still in the float.