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International Drug & Explosives Company IDenta Corp CEO Comments on Shorting of Company Stock
May 27, 2010 (09:05 AM EDT)
JERUSALEM, May 27, 2010 /PRNewswire-FirstCall/ -- IDenta Corp. (PINKSHEETS: IDTA) CEO Yaacov Shoham today issued a statement about the recent shorting of Identa stock.
Mr Shoham commented, "Shares of Identa stock have been heavily shorted during the past several months hurting badly IDenta's position on the stock market. Unfortunately for our loyal shareholders, the share price in our opinion does not accurately represent the strong position of our company."
Due to the current situation we are hesitant to release information about our recent successes and expect to resume updates when the situation improves.
Our company is in a very positive position and is in negotiations with many agencies around the world. These negotiations can be very lengthy and deadlines many times cannot be met but that does not mean the negotiations have failed, they are just ongoing.
The following list shows the shorting of the past several days: Total Trading Volume ( may 26 2010): 3362500 Daily Short Volume: 3333181 Avg. Price of Shorts Today: 0.0011 Short %: 99.13 Volume at Offer: 3362500 Buy%: 100.00 Volume at Bid: 0 Sell%: 0.00 Shares Crossed: 0 Cross%: 0.00 Net Buying vs. Selling: 3362500 Price Change: 0.0002 Friction Factor: 168125000 Total Trading Volume (may 25,2010): 16132819 Daily Short Volume: 13705000 Avg. Price of Shorts Today: 0.001 Short %: 84.95 Volume at Offer: 9851819 Buy%: 61.07 Volume at Bid: 6281000 Sell%: 38.93 Shares Crossed: 0 Cross%: 0.00 Net Buying vs. Selling: 3570819 Price Change: -0.0001 Friction Factor: Abnormal Trading Total Trading Volume (may 24, 2010): 6344090 Daily Short Volume: 4909090 Avg. Price of Shorts Today: 0.0011 Short %: 77.38 Volume at Offer: 100000 Buy%: 1.58 Volume at Bid: 5744090 Sell%: 90.54 Shares Crossed: 500000 Cross%: 7.88 Net Buying vs. Selling: -5644090 Price Change: -0.0001 Friction Factor: -564409000 Total Trading Volume ( may 21, 2010): 735000 Daily Short Volume: 625000 Avg. Price of Shorts Today: 0.0014 Short %: 85.03 Volume at Offer: 160000 Buy%: 21.77 Volume at Bid: 575000 Sell%: 78.23 Shares Crossed: 0 Cross%: 0.00 Net Buying vs. Selling: -415000 Price Change: -0.0001 Friction Factor: -41500000
Information concerning IDenta's entire product line may be found at http://www.IDenta.biz
Since 2003, IDenta Corporation has been recognized as a worldwide leader in the development of proprietary on-site drug, drug precursor and explosive detection kits. IDenta develops, manufactures and distributes products for both the professional and civil markets which consistently pass the highest qualifications and testing procedures of law enforcement and security agencies around the world.
Certain of the statements contained herein may be, within the meaning of the federal securities laws, "forward-looking statements" that are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements are based on management's expectations as of the date hereof, and the company does not undertake any responsibility to update any of these statements in the future.
For Investor Relations, lobbying interests or information concerning IDenta's products internationally or the development of new chemical detectors, contact: Yaacov Shoham, IDenta Corp., CEO, Tel: +972-52-6554487, firstname.lastname@example.org, http://www.identa.biz.
Contact: Yaacov Shoham IDenta Corp. CEO Tel: +972-52-6554487 email@example.com http://www.identa.biz
SOURCE IDenta Corp.