Approaching the first anniversary for bomb detectors
Aug 16th 2006 was the initial launch date and to date we have been informed of some "initial orders" from France and the US. We have also doubled production capacity at the plant in Jerusalem.
Yaacov said that there was no debt. I have completed a scan of last year's PR's urka, nowhere does it state such a fact. All we see is reported ramped up production and affiliations merger rumor and buyout innuendo but no numbers new products but no numbers,new countries but no numbers. There were assurances to shareholders IDTA EXPECTS to pay all of expansion fees through revenue but never any confirmation of that. All this costs money but we have not been presented one figure that suggests Identa is cash positive.
With all due respect that is shaky DD to place such confidence in something he might have said. I'm guessing you read it in an email purportedly from Yaacov and splashed on this thread. The CEO is not performing his job adequately urka there is no accountability here, so none should be assumed that is standard pinkie protocol assume NOTHING you need to protect yourself on this exchange. There is no confirmation of increased sales just projection so revenues cannot be assumed as in the plus column period.
There are no results from the latest crime lab tests on the Alert detectors in France yet that was 6 months ago. How long should they take, zero guidance on that score.
There is a major underlying problem with this stock. Whether Alliance was predatory in there financing I cannot say because that is intentionally kept private. Hear me when I say we are only told of what Yaacov wants us to hear, but one only need glance at the chart to clearly see something is seriously wrong here. He wants you to think there is lots of money in company coffers naturally but IMO, it is flawed DD to assume any notion of ANY cash positive revenues. Without public confirmation you are in a dream world when you think the CEO could be held culpable for saying we are not in debt, he can say anything he chooses because it is not being publicly documented.
I empathize with you how nice it would be to think Identa was making money hand over fist but until you see it in a PR nothing should be assumed. This merger scuttlebutt I view as nothing more than a smoke screen because he does not intend to be accountable and the merger potential is a perfect excuse to withold that information.
The CEO could file for Chapter 11 tomorrow and we'd STILL be none the wiser. If he did so we wouldn't have a leg to stand on and I would fully expect he would be completely immune from any prosecution or litigation whatsoever.
IMO there can be no shareholder confidence until accountability is positively addressed by the CEO. He won't even acknowledge Alliance is a problem publicly yet here they are dumping into the float. I don't pretend to be aware of the central underlying problem it could be crooked financing, it could be diminishing sales, it could be something we are not even made aware of. All I am saying is until this CEO does something constructive to prove all these claims to expansion the market will simply laugh in his face. Even if he did convince Alliance to stop selling they are fully within there right to resume at any time.
The only strategy I see that finds our way out of this quagmire is to establish credibility which if we are really about to be taken over would be a knee jerk no brainer strategy. Whatever mistake has been made or whatever control has been lost, the sooner it is exposed publicly to the light of day, the better for everyone involved, Yaacov inclusive. He is indeed hiding something, how serious cannot be measured until this CEO comes clean with shareholders. Humpty Dumpty is in real bad shape bud.
All you realize urka? JMVHO GLTY!
Best... Rich
Market Data 
Markets 
AI
