Biokey International Inc (BKYI)

[SeanBoy]

Don't get your hopes up, I don't think million dollars is even in the cards for the fourth quarter.

I'll bet you lunch (at the $1.00 party (now $2.00) in Vegas) that they do at least a million.

I don't have high hopes, but I do have some hope. History suggests that Q4 will come in at about $1.12M (= $1.350 x .83), but it think they'll beat it, just not by enough.

If by some miracle they did break $2m this Q, the R/S would prove to be beneficial to the pps. In any event, it was necessary, and in the long run, it won't matter.

I wasn't involved in the private placement, I doubt if I would even qualify as an accredited investor. I did however pick up some cheap shares, which anybody could have, and still can.

As for the warrants, only 1/3 of those were new, the other 2/3 already existed and simply had their exercise price reset from 25 cents to 15 cents. And they did save the commission costs doing it the way they did. They needed to raise money to maintain operations, and this was probably the best way to do it.

What baffles me is not so much the rage expressed by yourself and others, but the timing of it. BKYI was going nowhere until Apple introduce the 5S around 9/13. That spurred usage in biometrics, and BKYI moved quickly to be part of it by increasing sales staff and money for R&D. That was the right move and should be obvious to everyone. What were you hoping they'd do?

As for MD being optimistic, that's his job, he's the CEO, lol.