certainly sounds like corporate defeat to me. As I recall IDTA originally began life with around 443 million shares (something like that). Think of it this latest dilution was really an RS by order of magnitude. 4514 shares to one if my foggy brain is accurate.
As far as the pinkie shareholder is concerned the company is unsustainable a virtual printing press with no significant revenue. Yes the company might still be expanding but for the company's sake not it's shareholders who are now officially hosed. Another pinksheet also ran about to implode. I suspect the new CEO will get the honours to RS once this one is put out to pasture.
Shareholders are now hoop tickled as best I see and played like a fiddle to boot. I'll never trust another CEO as long as I live :-(
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