Are we hogtied to BG? I don't recall that.
Good points Mike but the fact is as anyone realistic can see Identa is struggling so a new business plan is not only advisable it's a necessity. Identa talked about a JV/acquisition they had in there sights.
Again another development that left shareholders hanging and stewing because it was all so ethereal they don't know whether to dismiss it or still take it seriously. Why can't management be serious enough to keep shareholders soundly in the loop? They even made a PR about keeping shareholders current of information and failed to deliver on that. That lack of governance breeds doubt in management's ability that is why transparency is so preferable to fluff. That is where Identa loses traction with the markets yet management refuses to admit that they themselves are the ones doing the damage. They expect investors to go on believing in this fluff for years and years and are surprised when they don't!
They also talked about the possibility of being acquired in a PR. That was what I was thinking about, but that opportunity seems distant with management unable to or unwilling to increase share price. Every way you turn this CEO seems to be the roadblock to progress IMO. He claims all these potential developments but ultimately is the one standing in the way of any progressive change blaming anyone else but himself.
This flatline volume cannot go on forever. Caveat Emptor cannot go on forever, but for some insane reason management insists the fluff will and must continue. He ranted on about 8 global retailers from the US which somehow fizzled into possibly some retail in France MAYBE. The company will never succeed with that sort of duplicity because the market will not tolerate the evasive tactics management are reliant on. It's the worst kept secret that Identa is failing to deliver as indicated but the duplicity continues unabated. Many would prefer to label posters who criticize this failure of Identa's as the culprit but realistically what's killing shareholders opportunity at ROI is this fluff prone duplicitous management. Everything they accomplish is a sorry compromise compared with what was touted. That constant failure to deliver KILLS ROI as sure as I'm sitting here! The market doesn't give two hoots what I have to say it's what management says more importantly what they deliver on. That missing ingredient is how this company is judged by the markets. That is exactly where this game is won or lost.
You want proof? You who wants to see Identa succeed (so do I BTW) just told me inadvertently that any JV/acquisition/RM is not possible. Now Mike is that not a huge disconnect the company saying one thing the shareholder adamantly saying the other. This is what I'm talking about this CEO has lost market confidence and even if one tries to help it's the same recanting nonsense time after time time after time year after year get the picture? Something has to change! Something positive the market will accept and be rewarded for accepting in good time. That is the only way the share price can move back up I can see. Lead by actions not by double speak because if duplicity is allowed to continue, smile Identa will be another Kodak because they have not kept with the times.
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