Replies to post #4716 on Identa Corp (IDTA)

[rocky301]

Johnny,

I look at it a little different John. Unless IDTA has plenty of cash, which I doubt, I would rather they use the cash they have for ongoing operations and expenses rather than use cash on hand to buy back shares and then end up doing some financing deal that has a tendency to dilute big time.

The reverse split can actually be a good thing if in fact they have there ducks in order and actually have "the goods" to report. If they don't have anything of substance to offer it will turn into disaster like most do. If announcements of product sold and revenues are reported even if on an interim basis it can work. Bottom line, they need to have the goods or it will be back to square one in a heart beat..