Biokey International Inc (BKYI)

[jonQ]

The greatest value in BIO-key stock is the accumulated tax loss carry forward.

I estimate that the company now carries an $80 million tax loss carry forward. If you were to assume that 25% of that is usable, that would mean there is a $20 million value and tax loss to in acquiring company. That translates to approximately $3.10 per share. And that's just the tax loss carry forward value.

If china gold Joy were to merge with the company and take advantage of that tax loss carry forward, that by itself would be worth over three dollars per share. I have run these numbers by some very sophisticated tax accountants that work for two of the three largest accounting firms in the country and they both agree that my theory is quite valid.

I believe the value of this company today is far less of a play on sales but more a play on the value of its tax loss and financial opportunity two in acquiring company.

This stock should be trading at more than twice what it is trading at right now but clearly it's not going to get there because most people are valuing it based on sales.

This point, I value this company on its tax loss carry forward along with its intellectual property.

Remember, $3.60 is the number.