Biokey International Inc (BKYI)

[jonQ]

Given the 8K filing about WWTT interested in investing up to $15 million in BIOkey, along with the disclosure that deal could be struck at $.30 a share, does that open the way for them to purchase bio key shares on the open market? Are they free to purchase all the shares they can on the open market at prices lower than $.30 a share?

I'm not sure I'm crazy about this deal at $.30, but would not be opposed to something higher perhaps in the $.60 range or above. I'm still of the belief that this company is worth $.45-$.50 a share bankrupt. That's not to say were going bankrupt, it's only a statement saying that I believe the company has a liquidation value significantly higher than where we trading at right now.

I'm a little surprised this is stock did not open closer to $.30 a share this morning given the news.

Also, does this require any shareholder vote? I'm thinking it does not.