Frankly I view retail venture as desperation John.
Poorly thought out , outrageously premature in predicted closure heavy on R&D for a new product new website, new patents , new machinery , labeling it all added up to some crucial over extended investment by Identa from what I can see.I believe this is why Jant is taking the fall as yet another excuse for lack of progress. Had the industrial sales flourished sure I could see furthering the momentum, good move. Trouble being, momentum was not there and I seriously doubt revenues were anywhere near there either.
It has to be said the generous tax breaks by the Israeli government have helped Identa immensely. Even still after all those breaks, here is Identa still looking for a hit and the universal detector I predict will go by way of an ever increasing line of Identa do-do birds. I'm still waiting for ANY news on GHB detectors apparently another blunder.
In the thick of it an embattled CEO bent on confusing everyone with meaningless fluff. The management situation is now disfunctional and unsustainable. There comes a time in every company when new management becomes a viable option. I have no doubt Identa easily qualifies for that eventuality as we speak, indeed overdue IMHO.
The only question I have, progress is nonexistent in PR's so is this CEO man enough or professional enough to do the right thing for investors and make room for his replacement?
RichieBoy
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