Biokey International Inc (BKYI)

[amishelviss]

I have a theory on the price action, and if anyone has a thought on it , let me know. A while back, bkyi did a secondary with a group of investors, and these investors said at the time, " hey, if you ever want to sell more shares we are interested" . I think it was early last fall that Mike started to talk with them, and said that bkyi would like to sell some more. Soon after these talks we started to see someone sell shares. They were very noticeable in the way they painted the tape up after every sale, and or at the end of the day. Someone here called them our local Rembrandt .
What I think happened is they saw more shares coming to them, and either pushed the price lower, and or just sold some to take a tax loss on their .20 shares,, or whatever price it was they paid. Anything they sold over .10 was gravy, knowing that they were going to get more at that price. I think they still like the company, and the technology, but saw a way to make money in the meantime.
All that said, there may be others that are taking a tax loss also. This selling should dry up soon. ( end of year). As I mentioned, I believe it was a group of investors, seems they can fly under the radar without filing forms for 5-10 percent ownership. I forget what the limits are.
None of this changes anything at this point. I still like the company/ technology, just trying to be aware of the whole situation.