Replies to post #16450 on Identa Corp (IDTA)

[RichieBoy]

The central problem is CREDIBILITY

As proven over and over and over this management doesn't find that huge handicap an issue. Here is the conundrum the more investors call for credibility the less transparent management becomes.

That to me is a very BAD omen. Whatever they are hiding they are not prepared to walk the talk. They would rather leave investors in a cloud of controversy something the market shuns like the plague. The quirky thing is we have known for years that revenue must be very weak that was factored in. What wasn't taken into account is that Identa could not rectify CE status. All that does is create a bigger question of credibility and as evidenced management is not about to change there quirky ways.

The ONLY plausible solution I can see given the circumstances, is replace this story telling management with a viable business plan and achievers at the helm. If not then the dog chasing it's tail syndrome will continue to plague Identa, no doubt in my mind.

[Johnnyvits]

Heres whats confusing me
Which dosen't take much. I seem to recall in some fuzzy PR, or maybe I just dreamed it up, that sales were approaching $500K plus. All this $200K stuff is my guess work based on this one statement Texark re-posted from a PR:

"In 2011 (with two weeks remaining until the end of the year) IDenta has already sold products for a total of 775,235 Israeli shekels, a 66% increase from the previous year."
775000 shekels = 206,692.5000 US dollars

Personally I can't believe these numbers myself. $200K might just about pay the phone bill and maybe cover a few pizza deliveries. What about YS and Glatsteins salary?

I will look for some PR making refrence to better sales than this, but I'm not gonna look too hard :< )
Vits