Replies to post #6439 on Identa Corp (IDTA)

[Stks_Not_Toys]

He was truly hurt and, like a little child, decided he was going to seek revenge and destroy shareholder value

Wooden Indian = Fire Wood

[Johnnyvits]

Hey Woody, Its been awhile
We are the ones who were financially hurt. If anyone has a right to be mad,it would be the investors. Many of us have been waiting 6 years or more for a return on our money. I have tried to keep a good attitude, but all this stock dilusion cannot be ignored and at some point will have to be dealt with. Unless IDTA wishes to buy back 5.5 Billion shares, we are probably screwed. I think that makes us eligible for TARP money (US bail out money). What the hell, everyone else is getting bailed out, why not us?
Vits

PS: Hows the baby?-

[RichieBoy]

If your correct Woody

BUT, I really think that he was mortally wounded by shareholder name calling and hubris and is paying back,

then he is clearly in the wrong line of work. Any CEO is still obligated by his fiduciary duty to propel the stock for his shareholders despite any adversity. Personally I think he was making up excuses for the broken promises and his own inherent inefficencies of language and geographic limitation.

Compare the annual report to the latest development and you soon see where the rubber meets the road. Massive and relentless dilution, the business plan is flawed, pretty much self explanatory.