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Held 50DMA today
Seems like some are really trying to keep this down, but short interest very low, high percentage of insider and institutional holders: http://www.shortsqueeze.com/index.php?symbol=sflk
chart forming several positve indicators
This is the news we've been waiting for. The short holders are dumping as quickly as possible. Give it some time and it'll bounce. I would say 11-11:30 am we should see a little indication of it.JMO
Lets roll!
The travel news this morning is getting major pre-market support
currently .17
I think .20 or higher is in the cards today
wasup zzzzzzzzzz
There is gonna be another hearing before the NASD committee.The shares are under heavy pressure this morning. I picked up more at .09 because I feel this is all gonna come out fine.
Q on delisting??? No...Q for bankruptcy
"Q" on delisting...
seems I've lost the link with info re: sflk date to be delisted.
Any help with the link?
Lightened the load and escaped on the break of 13. Where's the new floor? Need buyout news or some major contract announcement to stop the fall again.
Regards -- SAM
SFLK has failed to meet NASDAQ Capital Market continued listing requirement(s).
Smart Cards Shipments En Route to 20% Growth in 2007
Good news for SFLK...
http://www.newswiretoday.com/news/11089/
Smart Cards Shipments En Route to 20% Growth in 2007
NewswireToday - /newswire/ - Delhi, New Delhi, India, 11/27/2006
There will be a surge in the shipment of smart cards all over the world, as smart card vendors are likely to ship about 2.9 Billion banking, ID, SIM, and microprocessor smart cards in next year (2007).
Just about 2.9 Billion banking, ID, SIM, and other microprocessor smart cards are likely to be shipped by smart card vendors in 2007. This will represent an increase of 20% from the current year (2006), as per Eurosmart - vendor trade association.
According to the association, banking smart cards should touch a mark of 480 Million Units across the globe, mostly credit & debit smart cards conforming to worldwide EMV standard. However, this would include 20 Million contact less cards shipped primarily to the US. The fastest development would be witnessed in security cards, ID and documents, encompassing e-passports and health cards, which would ascend for a consecutive second year by a minimum of 50%.
Developing markets like China and India will continue to supplement most growth in SIM shipments. These countries may again augur ill for the vendors on costs. However, Chinese operators are likely to begin taking shipments of their 1st regular 3G SIM-cards in 2007 and "high end" SIM cards may "take-off" in more developed markets, like Europe.
For subscriber ID module cards, industry's biggest market segment vendors are expected to ship about 1.8 Billion cards by year-end 2006, representing about 29% above previous year (2005). Most growth in the shipment of banking smart card during the year 2006 came from the rise in sales of EMV cards to Italy, Latin America, Indonesia, and Turkey.
As per a Research Analyst's view at RNCOS, who has recently researched a report on "Global Smart Card Industry - Future Outlook (2007)", "Today, smart card market has a mass market for two leading applications i.e. banking and mobile communications. Demand for the shipment is further expected to grow on account of the expansion of smart card market."
This research report on "Global Smart Card Industry - Future Outlook (2007)", also addresses some interesting issues for today's Global business environment.
- What's the situation of global smart card industry at present?
- Potential of smart cards when used with Biometrics Technology
- Trends in market performance
- Pinpoint sectors of growth and identify driving factors
- Key Challenges & Strategies
- Identify brand leaders and market
- Gain an understanding of the competitive environment
About RNCOS
RNCOS, incorporated in 2002, provides Market Research Reports for your business needs and aims to put an end to your information pursuit. Our expertise in gathering global business information for industry research, corporate training, growth consulting, and business consulting, brings reputed companies and firms to us for business enhancement solutions. We can be your one-stop-shop for Industry research information and niche market analysis.
Agency / Source: RNCOS
Availability: All Regions (Including Int'l)
Distribution: [+] Press Release & Newswire Distribution Network. via PRZOOM - Newswire Today (NewswireToday.com)
she doesn't want to go through the .23's
stalling just before. Damn we need to push through them
quiting 1/2 @ a quarter. eom
just about to break even for me.. been a long since july purchasing at different levels.
z, who knows! Watch for buyout news. SFLK is grossly undervalued at these penny prices. IMO
21 and rise'n, baby!
.45 . in what time frame? shes moving at a good pace right now.
Simple short squeeze. See 200MA for target! eom
finally... sam, what do you see it going up to?
could we see .30's this week?
SQUEEEEEEEEEEEEEEEZE! LOL! eom
...increase number of shares to 1,000,000,000.
http://phx.corporate-ir.net/phoenix.zhtml?c=63232&p=irol-SECText&TEXT=aHR0cDovL2NjYm4uMTBrd2...
PRE 14A
SAFLINK CORP filed this Form PRE 14A on 11/22/06
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Table of Contents
PROPOSAL NO. 1
APPROVAL OF AN AMENDMENT TO SAFLINK’S CERTIFICATE OF INCORPORATION TO INCREASE
THE NUMBER OF AUTHORIZED SHARES OF CAPITAL STOCK
Background
Under Delaware law, we may only issue shares of common stock to the extent such shares have been authorized for issuance under our certificate of incorporation. The certificate of incorporation currently authorizes our issuance of up to 200,000,000 shares of common stock. However, as of November 1, 2006:
• 88,908,229 shares of our common stock were outstanding;
• 11,320,828 unissued shares of common stock were reserved for issuance under our stock incentive plan;
• 14,646,912 unissued shares of common stock were reserved for issuance upon exercise of outstanding warrants; and
• 19,538,564 unissued shares of common stock were reserved for issuance upon conversion of outstanding convertible promissory notes and debentures.
As a result, approximately 65,585,467 shares of common stock are unissued and unreserved under our certificate of incorporation, an amount that the board of directors believes to be inadequate for future purposes. In order to ensure that sufficient shares of common stock will be available for issuance by us, the board of directors has approved, subject to stockholder approval, an amendment to our certificate of incorporation to increase the number of shares of common stock authorized for issuance to 1,000,000,000 shares.
Purpose and Effect of the Amendment
The purpose of the proposed amendment to our certificate of incorporation is to authorize additional shares of common stock which will be available in the event our board of directors determines that it is necessary or appropriate to issue additional shares in connection with a stock dividend, raising additional capital, acquiring other businesses, establishing strategic relationships with corporate partners or providing equity incentives to employees and officers or for other corporate purposes. The availability of additional shares of common stock is particularly important if we need to undertake any of the foregoing actions on an expedited basis and we wish to avoid the time and expense of seeking stockholder approval in connection with the contemplated issuance of common stock.
We have no present agreement or arrangement to issue any of the shares for which approval is sought. However, if we are unable to generate sufficient cash flow from operations, we will need to seek additional funds in the near future through the issuance of additional equity or debt securities or other sources of financing.
As of September 30, 2006, our working capital was negative $1.4 million, which included $5.2 million of cash and cash equivalents. In October 2006, we significantly reduced our operating expenses by reducing our workforce by over 50%. We expect to pay out the $800,000 in restructuring costs, in addition to employee accrued paid-time off balances totaling approximately $525,000, during the fourth quarter of 2006. After these restructuring activities and excluding severance expense we expect to recognize in the fourth quarter, we expect to use approximately $2.5 million in the fourth quarter of 2006 and approximately $2.0 per quarter in operations after that.
As a result of the restructuring and the capital we raised during June 2006, we believe that we have sufficient funds to continue our operations at current levels into the first quarter of 2007. We do not have a credit line or other borrowing facility to fund our operations. To continue our current level of operations through September 30, 2007, we expect that we will need an additional $5.0 million of cash flow from operations and through the issuance of equity or debt securities or other sources of financing. Currently, we do not have any arrangements in place for any future financings, and we may not be able to secure additional financing on favorable terms, or at all, even if the amendment is approved.
If the amendment to our certificate of incorporation is approved by our stockholders, the board of directors does not intend to solicit further stockholder approval prior to the issuance of any additional shares of common stock, except as may be required by applicable law or the requirements of any market or exchange on which shares of our common stock are listed or quoted on the date of such action.
If the amendment to our certificate of incorporation is not approved by our stockholders, we will likely be unable to obtain necessary additional financing. In that case, we would likely be required to further reduce the scope of our operations,
2
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holding too. Same as you, it's too late to dump now.
I do still believe it will turn around.
Death by a thousand cuts! Falling knife...
where will it stop?
If Saflink Brass doesn't do something quick ... lucky to hold a nickel, IMO.
Too late to dump now ... holding for a buyout (hope).
Regards -- SAM
.10!!! Pinks cometh the 11th? GL -- SAM
I am averging down this morning.Way way much much too low @ .11 Looking for a bounce back to .25 in the shrort term.
yes FLO approval should be announced any day now. Their competitor, Verified was approved yesterday. Denver will be one of many that will choose FLO. Each of the 3 companies that are vying for RT, will get their fair share of airports.
The FLO card will have more benefits like the shopping stores in airports and travel benefits with expedia.
Also, the FLO partners are impressive themselves. I believe the best partner will be Chase.
38 million people fly 7 or more times a year, and would be probable of signing up for the RT program. HUGE Potential!
Good DD z, Thanks
"On the Money" (CNBC) just did a spot on RT, didn't mention SFLK but the noise has got to be a good thing.
Went through some older 3rd party PR's and they mention SFLK as an industry leader and a major player at Denver IA.
Only 2 other competitors according to this article:
http://www.bizjournals.com/denver/stories/2006/10/09/story12.html
If you Google Saflink and "Registered Traveler" it returns 100's of hits.
Also found a FLO website http://www.fastlaneoption.com/
Verified approved for RT. FLO next as from Luke with the FLO team!!! This will be huge
good news, Registered Traveler moving forward. Hopefully Saflink's FLO will be announced as next approved provider.
Security company gets nationwide OK
http://www.floridatoday.com/apps/pbcs.dll/article?AID=/20061127/BREAKINGNEWS/61127012/1086
Verified Identity Pass’s Clear Registered Traveler has been approved by Transportation Security Administration as a Registered Traveler Service Provider for the nation, it was announced today.
Clear is the nation’s first Registered Traveler Service Provider to receive official Transportation Security Administration approval.
The Clear Registered Traveler program has been a pilot program at the Orlando International Airport since July 19, 2005. Passengers who hold a Clear membership are able to go through a special security line at Orlando that identifies them through a fingerprint or eyeball scan.
The program is set to be implemented at Cincinnati International Airport; Indianapolis International Airport; Norman Y. Mineta San Jose International Airport; and Terminal 7 at John F. Kennedy International Airport in New York City.
There are 32,000 Clear members, and membership costs $99.95 a year.
Verified Identity Pass‘s Clear Registered Traveler is the first privately run registered traveler program operating at U.S. airports.
more at link
regarding deficient status
The recent 10-Q states compliance required by December 11.
Mr. Brunke?
Excellent find Z
The following is copied from RehnConsulting Partners website:
http://www.rehnconsulting.com
Richard Brunke is a local executive manager with 18 years of progressive operations expertise, including the last decade in senior roles such as EVP, SVP, and President/COO. He has an extensive background in corporate and divisional turn-arounds, start ups, and M&A integration. His background in technology, combined with training certifications from two fortune 500 retailers combines to create a powerful capability for the planning and execution of business changes, major or minor. He is an able team builder with an excellent background in the selection and development of staff.
Richard brings specific senior experience in the following areas:
Change Management
Strategic and tactical planning and execution
Staff selection, assessment, and development
Process improvement planning
Profit and Loss assessment and turnaround planning and execution
Business plan assessment
Major project planning and execution
Metrics development and assessment
Technology assessment planning
Business unit development in the technology service arena
Organizational development
Organizational effectiveness assessment
new COO
BRUNKE, RICHARD
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001381127%2D06%2D000001%2Etxt&FilePath...
maybe Saflink is trying to turn the corner
ftb, the knife she is a falling...
... technical bounce coming, perhaps. But at what number? I fear the shorts have got a death grip presently and smelling blood.
"A few concerns however:
Could be prime for a buy out - but a much higher price needed by all.
How long can it go deficient. Either does a R/S or goes OTC. Neither will be good for pps near term."
For some time now I've thought a buy out was coming. One would think a higher price is indeed in order. Holdings by the insiders and INST. are significant.
Regards -- SAM
Hold on, I think its coming around
Didn't go green today but almost. Closed up 6% from low and put a big hole in the wall at .14 - Just need a catalyst to confirm a reversal. We all agree there is a good product in high demand, they just spent too much on r&d this year. We should see a nice return when they pump up marketing.
A few concerns however:
Could be prime for a buy out - but a much higher price needed by all.
How long can it go deficient. Either does a R/S or goes OTC. Neither will be good for pps near term.
Year End numbers are going to make a big ouch if something really good hasn't happened by then.
company keeps too quiet. Not sure what to think anymore.
I'm still holding. probably a dumb thing to do.
Geesh - can we get a bottom on this
Too early to call but a lot of buyers keep coming in at .13
Going to add here anyway and look for it to close off low.
How about some good news guys, overdue for new contract announcement!
Would have never guessed the slide would take SFLK to these levels. Good tech, great potential in a sea of "we-need-security, but poor management (as revealed by the recent shake-up). Now it appears the only hope is a buy-out. Unfortunately a 1/10 or even a 1/25 r/s could be in the cards. Going to the pinks would be worse.
Bottom of the BB is where one might add to average down -- .14/.15.
http://stockcharts.com/h-sc/ui?s=SFLK&p=D&b=5&g=0&id=p43738052068
Hey thats great! I think the technology alone is worth a heck of alot more than the current share price.
OK - After watching this thing tumble for what seems like forever. I grabbed 25K shares at .19. I really cant see this thing falling much more. Hopefully we see a major turn around soon.
Got me more @ .19, what an ugly story, how can you not love this?
I read last nights PR. This is such an ugly story, huge huge continued losses, less revenue and now a 50% layoff of workers.
How can this not do well.lol
Count me in.
Saflink Invites You to Join Its Second Quarter Financial Results Conference Call on Tuesday, August 8, 2006
Saflink(R) Corporation (NASDAQ:SFLK), a leading provider of solutions that verify identity, secure access and increase productivity, today announced that Glenn Argenbright, CEO, Jon Engman, CFO, and Trevor Neilson, Co-Chairman, will host a conference call on Tuesday, August 8, 2006, beginning at 5:00 p.m. EDT (2:00 p.m. PDT) to review second quarter Saflink financial results, followed by a question-and-answer session. The call will be open to any interested persons and may contain forward-looking information.
--------------------------------------------------------------------------------
What: Saflink Second Quarter Financial Results Conference Call
When: Tuesday, August 8, 2006, beginning at 5:00 p.m. EDT
Where: http://www.saflink.com/ in the Investor Relations area of
the website
How: Domestic Dial: 888-459-5609, International Dial: 973-321-1024
Participants are asked to call the assigned number
approximately 10 minutes before the conference call begins.
To listen to the live webcast - simply log onto the web at
the Internet address below and click on the conference
call icon. To access the live conference call, click the
following link or paste it into your browser:
http://www.vcall.com/IC/CEPage.asp?ID=107653
Contact: Investor Awareness, Inc. 847-945-2222
A replay of the conference call will be available two hours after the call and for the following ten business days by dialing: 877-519-4471 (International Dial: 973-341-3080) and entering the following pass code: 7694485. Also, an instant replay of the conference call will be available for 30 business days over the Internet at http://www.saflink.com/ in the Investor Relations area of the website.
About Saflink
Saflink Corporation offers biometric security and smart card solutions that protect intellectual property, secure information and eliminate passwords. Saflink identity assurance management solutions allow administrators to verify the identity of users and control their access to computer networks, facilities and applications. Winner of seven awards in 2005, Saflink and its solutions have been recognized by organizations such as Frost & Sullivan and Software Magazine's Software 500. For more information, please visit www.saflink.com or call 800-762-9595.
NOTE: "Saflink" is a registered trademark of Saflink Corporation.
Investor Awareness, Inc.
Tony Schor (Investor Relations), 847-945-2222
tony@investorawareness.com
or
Sterling Communications for Saflink
Lindsay Stril, 206-388-5758
lstril@sterlingpr.com
Source: Business Wire (August 3, 2006 - 10:37 AM EDT)
News by QuoteMedia
www.quotemedia.com
Going to 68 IMO...
a little more attention and its ready to explode
Chart looking outstanding for a great run.
More volume would help out
SFLK mention here:
July 17, 2006 02:58 PM US Eastern Timezone
DSA to Certify and Accredit New FiXs Members Technology; Process to Ensure Highest Level of Information Security in the Government's Cross-Credentialing Network
FAIRFAX, Va.--(BUSINESS WIRE)--July 17, 2006--DSA, a provider of global IT security services to government and industry, is conducting the initial and periodic Risk and Security Compliance Assessments of all member companies belonging to the Federation for Identity and Cross-Credentialing Systems (FiXs). These assessments ensure that each organization adheres to the FiXs Operating Rules, FiXs Security Guidelines, and security best practices.
"The FiXs Executive Board selected DSA to perform the certification and accreditation work given our successful track record in information security," explained Robert Haas, DSA's Director, Network and Information Assurance Practice. "Our expertise includes risk management, security compliance assessments, application and network security design, implementation and validation, secure operations, and continuity of operations planning."
FiXs is a not-for-profit federation of independent companies, working in conjunction with Federal partners such as the U.S. General Services Administration (GSA) and the Department of Defense (DoD), to provide an end-to-end trusted identity management solution that is HSPD-12 and FIPS-201 compliant. FiXs is in the final stages of rollout of its high security global network that routes credential information requests to and among the government and FiXs-compliant companies. The federation already has conducted successful pilot tests of the network under an agreement with the Defense Manpower Data Center (DMDC).
The FiXs network provides unprecedented interoperability for participating organizations, eliminating the need for an individual to maintain multiple credentials in order to gain physical and logical access to facilities and networks. FiXs member companies generate substantial economies through the use of a single secure credential, while government agencies recognize increased productivity and cost savings from credential interoperability across facilities and vendors. The FiXs network provides for the secure exchange of approved credentials between member organizations and government partners. Identity information is stored by an individual's employer, not in a master database - a more secure and reliable method than other human verification systems.
DSA, a founding member of the Federation, will assess each candidate FiXs service provider before it can join the network to ensure their security processes and safeguards adhere to the minimum mandatory government and industry standards as well as the FiXs requirements, Haas explained.
"There are a number of guidelines and standards that specify the controls and processes that need to be in place with respect to information assurance," Haas explained. "Although the Department of Defense is the first agency to use the FiXs network, we anticipate that commercial and civilian agencies also will utilize this model, so we carefully scrutinize prospective members for adherence to the standards and guidelines governing IT and personnel security, including those stipulated by FIPS 201."
What makes the FiXs system work is the trust model that exists between the member organizations and DoD. The trust model is based on adherence to a set of operating rules, policies, certification procedures, and auditing. FiXs is comparable to the ATM networks, where an individual can use any one of a number of bank cards in almost any institution's ATM machine.
In addition to DSA, founding members of FiXs are BearingPoint, EDS, Lockheed Martin, NACHA - The Electronic Payments Association, Northrop Grumman, Saflink, SRA International, SRP Consulting Group, 3Factor, Unlimited New Dimensions and Wave Systems. Since its founding in 2004 FiXs has welcomed Bio-Key, Citigroup, ChoicePoint Government Services, Disaster Management Solutions, EID Passport, Giesecke and Devrient Cardtech, Maximus and Wells Fargo as members. The Department of Defense and the U.S. General Services Administration also participate in FiXs initiatives.
About DSA
DSA provides strategic, secure, mission critical IT solutions to government and industry through three focused divisions: DSA Federal, DSA Life Science, and DSA Commercial. The company has over 40 years experience in systems and software engineering and integration services specializing in enterprise-wide information technology solutions. DSA is a leader in program management, information security and regulatory compliance. Office locations: Philadelphia, PA (headquarters), Washington, DC, NY Metro and Mid-West. For more information, please visit www.dsainc.com or call toll free to 1-877-422-4DSA.
Contacts
DSA
Dianne Semingson, 215-430-5379
semingsond@erols.com
or
Jan Goebel, 703-938-1242
jgoebel@leapfrogit.com
I'm trying to watch the chart...looking at the two year chart along with their income statement is kinda well...
...I'm just not going to saying nothing yet...
..................(if ya know what I mean)
Putting this on the radar screen..doing my DD...anybody out there have any good info on this one...looks like they are waiting on a couple of govt contracts or else....tia
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