ID8 - identitii Limited

[frugal.rock]

I rarely manage it, very, very, very rarely, but I got out yesterday on top.

Well that's grand.
Sometimes those tall orders and sub mariners get hit. Proper job.

Now, about the rest of your post Mr Garpal Gumnut,...
go and sit outside the principals office and wait there until you are called.
Whilst you are sitting, I suggest you contemplate what you have said and the implications it carries.

 

[Garpal Gumnut]

Well that's grand.
Sometimes those tall orders and sub mariners get hit. Proper job.

Now, about the rest of your post Mr Garpal Gumnut,...
go and sit outside the principals office and wait there until you are called.
Whilst you are sitting, I suggest you contemplate what you have said and the implications it carries.

Well there is rumour of news, which goes to prove buy on the rumour and sell on the news.

Perhaps some private Sydney schoolboys will exit today and grasp at their straws after the close, or maybe before.

Then again I may be wrong.

gg

 

[frugal.rock]

Well there is rumour of news, which goes to prove buy on the rumour and sell on the news.

Where would one find this rumour?

Looks like a nice trade you completed by the chart without knowing your entry though.
A double bagger or just a measly single? ?

Inside day today, it may carry on tomorrow?

 

[Garpal Gumnut]

Where would one find this rumour?

On page 6 of the ID8 thread on ASF.

Seriously though one of the barflies here at the hotel thinks he read it in some stock picking rubbish his shell company subscribes to.

It's a rumour. Sellers are coming in to satisfy gazillions of buyers, so it must be true, whatever it is.

Sell on the news is what they say.

gg

 

[Garpal Gumnut]

Just been running through my trades over the last 12 months and ID8 reminds me of AR9 the way it wobbles and falls and jumps.

Any thoughts @Dona Ferentes or @frugal.rock ?

gg

 

[Dona Ferentes]

... reminds me of AR9 the way it wobbles and falls and jumps.

Any thoughts @Dona Ferentes or @frugal.rock ?

not really. Good trigger recently, but is it going to set the market alight?

(< I find it hard to make short term money; rather I'd look to find a play that will be around for the longer term , and suffer a few wobbles , waiting and hoping for the impetus, the news, to drive it higher. Whence, a little bit of free carry action should follow, then back to the watchful waiting. Has ID8 got the legs? >)

 

[Dona Ferentes]

Identitii is launching a $6 million placement and a $2.4 million rights issue, priced at 16¢ a share, to fund sales, marketing and product development spend.

The $6 million placement can take up to $2 million in over subscriptions, which will need shareholder approval at the annual general meeting.

The rights issue is for 1 share for every 10 shares held by eligible shareholders. It was capped at $2.4 million and not underwritten.

The company’s flagship product is a cloud platform called Overlay+ which allows customers to securely manage transaction data internally, with counterparties and with regulators such as AUSTRAC.

 

[Garpal Gumnut]

I must admit that ID8 is now associated in my mind with Shakespeare’s Mistress Quickly.

One never knows what the next act will reveal. The private Sydney schoolboys running this show have arranged a CR and dilution but a Master Armstrong appears to have become a “not a significant holder”. Don’t ask me what’s happening. Popcorn thank you and a VB from the eskie.

The chart is underwhelming for the space they occupy. I’ll get in again. Not yet.

gg

 

[frugal.rock]

The chart is underwhelming for the space they occupy. I’ll get in again. Not yet.

Perhaps there's some life left yet in the old underpants elastic?

Am reluctant to call anything a breakout in this lower volume period. Haven't been trading for enough Christmas/New Years periods to have enough AI head data yet... ?

I might consider this for a 2022 year comp entry... Whaddya reckon Garps ?

 

[Garpal Gumnut]

Gurgling after CEO Presentation.

gg

 

[Garpal Gumnut]

I just thought I should update regular followers of this little piglet which is run by a mob of very well connected people out of Sydney.

As the share price is tanking a mention of Identitii 8 ( don't forget that last I ) and the addition of even more directors is moot.

They have decided for one reason or another following input from Directors Australia ( cheap at the price I am sure ) to replace one resigning Director with 3 more Directors with impeccable connections worldwide and in Australia particularly in finance to assist the growth of the company ..... etc. etc. ... its unique technology ... impeccable financial connections ... etc. etc.

I won't go on.

Keen followers will remember that many upstanding and sophisticated investors have backed this company on its way down to their alarm.

All the directors look impressive on paper, and two are of the Ms. variety, which is refreshing and as it should be and one is the new CFO.

I have no idea why the previous CFO left, but the notice sounds all very jolly really.

The 3 year weekly chart is interesting.

Could somebody send me a PM when it prepares to shoot back up to 30-40c for those few days every year.

gg

 

[Country Lad]

I have no idea why the previous CFO left, but the notice sounds all very jolly really.

Yes, very interesting. The announcement goes along the lines of - Today I m advising of the CFO's resignation. He left yesterday.

 

[Garpal Gumnut]

As of June 30th this little piglet still had 3 quarters of funding left to do whatever they do.

The large board full of the well-connected and executives are still being paid.

Not a bad earner if you can get it.

$1000 worth of shares traded today.

gg

 

[frugal.rock]

Chart update only

 

[Garpal Gumnut]

For those ASF members not given to kennel watching a number of announcements from ID8.

https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02612289-40NV9LIM052EQINMV56L1MOACT/pdf?access_token=0007OdOHfybWb4E0zb1ZarZmpNVS

HSBC which I believe was one of the first customers for ID8's regulatory changing tech has terminated the contract. Fortunately the contract has cost more to service for ID8 than fees earned.

What a win ...

Oh, and this has extended the runway for the company. I thought they were an IT bizzo. It is not an easy feat to extend a runway. There is often a bump left at the extension point.

The latest notice is sad so get your tissues out.

A non-renounceable offer was 90% undersubscribed as were the attached options. The "Shortfall" ( a lovely word ) is being set to market between now and March which should allow two or three more board meetings to really get the company moving onwards and upwards or sideways or possibly further down.

https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02591637-0OLNVIHLRA0QB0FDEECFCR0CU4/pdf?access_token=0007OdOHfybWb4E0zb1ZarZmpNVS

In late October from memory the entity's appC 8.5 had just over 1 quarter of moolah left but had plans to decrease expenditure and has a number of feelers in countries such as Singapore and NZ. I believe it also gets government grants from time to time.

It also was looking forward to a $4m. injection from the Capital Raising mentioned above which raised less than I've seen on a poker table after a country race meeting. This is what is called a "Shortfall" when you have 4 Aces and your opponent has a low straight flush.

Interesting times for ID8.

gg

 

[Dona Ferentes]

Perhaps some private Sydney schoolboys will exit today and grasp at their straws after the close, or maybe before.

they're back??

.

- volume not convincing, tho..
.
ideation
/ˌʌɪdɪˈeɪʃn/
noun
the formulation of ideas and concepts.
.
ID8 shun

 

[Garpal Gumnut]

they're back??

View attachment 165914
.
View attachment 165915- volume not convincing, tho..
.
ideation
/ˌʌɪdɪˈeɪʃn/
noun
the formulation of ideas and concepts.
.
ID8 shun

Any time I look at this outfit it depresses me. Perhaps there may be some news as yet undisclosed. It limbers along with some changes in board or executive from time to time.

I am unable to download a chart, perhaps CBA/Commsec are changing the elastic bands and refilling the inkwells this Saturday evening.

From memory, entry in the past was good and possible around $0.08, volume to be on for a run as you suggested @Dona Ferentes needs to be higher than yesterday, again from memory above 15m. in stock daily. Friday was around 10% of that. Venturing beyond $0.23 was bravery of the highest order. Quick in and quick out, as with royalty was the order of the day when I twice traded it, once for a good profit and once for a not too unreasonable loss.

It assists in making obligatory notification to the regulator possible in an automated manner when there is criminal activity among the customers of the big banks and funds.

It must be a very busy little programme.

gg

 

[BossMan.]

Capital raise coming soon potentially?

AUSTRAC tranche 2 is coming out which potentially requires lawyers, real estate agents etc. to comply with compulsory reporting under AML/CTF conditions.

They have about two quarters of runway based on there cash flow statement. Will be watching this stock, might throw a very very small parcel at it.

 

[BossMan.]

Waiting to see if the shortfall gets covered if someone steps in it provides some baseline confidence. MasterCard's existing contract does provide some potential upside, if the short fall is covered ill lob a grand at it ( @ 0.009 as at last close).

I think the second wave of AML regulation is going to hit hard and ID8 will have a place on the market. It's a shame I cant find any other companies listed on the ASX that are addressing this...

If anyone has seen any I am all ears.

 

[Garpal Gumnut]

ID8 uses blockchain and tokenization to secure transactions between financial entities such as banks and credit card companies.

Its technology is patented in the USA.

ID8 claims that JPMorgan Chase and Co. infringed this patent and the claim is presently started in Delaware.

It should be interesting.

It is my pick in the Sept. 24 Stock Competition.

gg