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I’m surprised, didn’t think there was even a bio key message board anymore.
Looks like the end is near again. So what’s next, another reverse split, sell a bunch more shares for pennies on the dollar to managements buddies?
That’s correct, the problem with reverse splits is that the stock tends to sell off aggressively after the split. So if you take the last two splits the stock sold off probably 90% plus.
Today’s price of $2.90 is lower than the clothes yesterday and in the coming days and weeks, odds are it will sink even lower.BIO-key management wants to get the stock price up, they need to do with the old fashion way, they need to sell stuff taken revenue, get paid for it and show a profit.
That is something BIO-key management has not been able to do for the last 20 years. A reverse split doesn’t help that, it actually makes things even worse because those who don’t know that many shares after the split have a tendency to just knock them and get out
For me to hold a lousy 28,000 shares the way I invest is almost a worthless endeavor. I would probably also add that I probably own more shares then all insiders combined with the exception of maybe Calvin Wong, of course that’s if Wong even owns any shares now.
Thanks for the information but I do understand how reverse splits work.
Problem with reverse splits is that they tend to continue going down after the split. Effective price of BIO-key stock yesterday would’ve been $3.12 I believe if you adjusted for the split. Of course by today’s numbers were down to $2.93 so we did lose ground.
What’s more important to understand is that this is now the third reverse split that BIO-key has done in probably the last two years.
The first split was the one for two reverse and the next split was a one for 12 split now add another one for eight reverse split and the additional lost and share price today. Not pretty.
I understand how the share account works but I would ask you to keep in mind something. Are used to hold 5.4 million shares of the stock. Now after all of the reverse splits I am 28,000 shares.
I have told management several times not to do the reverse split and drop the NASDAQ listing. It has done nothing for us and unfortunately management does business with a bunch of crooks that destroy shareholder value anyway. They profit handsomely off of BIO-key but screw the longtime shareholders and investors in the process.
Keep an eye on the short interest numbers that come out in the next couple of weeks. Right now I believe there’s about a 2.9% short interest. If you see a spike up, you’ll know that our friends at Maxum And the other lowlifes that we do business with will most likely short the hell out of this let it collapse and then cover
So if I have calculated this correctly, you need to take the BIO-key share price and divided by 192 and that will give you the equivalent share price backing out the reverse splits.
That would now give us an equivalent share price of .015 cents
All the stock is worth today is a penny and a half.
Awesome, Bonuses for everyone
500,000 shares traded this morning in the first 90 minutes of trading. Do we now multiply that times eight for what our real trading volume is. If so that means we traded The equivalent of roughly 4,000,000 shares in the first 90 minutes
Another 6% loss and share value today, who could’ve seen that one coming?
Let’s do another reverse split next month.
BIO-key’s short interest,
BIO-key’s short interest is 2.27% of the outstanding. Wait till you see what it’s like next week when I find friends that maxim short the crap out of this again. I think we can look forward to a 50% short interest as they let the price collapse again.
For those of you that are looking for something positive out of this reverse split, may I suggest you look at the BIO-key stats.
If you check them right now, we are trading at a 52 week high and by a significant margin. That should make you feel good.
Of course Monday morning when the statistics get re-calculated will be at a 20 year low. But at least you’ll get to feel good for the weekend.
Reverse split worked like a charm. I wonder how big of a trophy we get when we win the race to the bottom?
I have to admit, I have got incredible trading skills.
I managed to go from 5.4 million shares of BIO-key to 28,000 shares of BIO-key without selling one single share.
I challenge you to find someone else that has that kind of training skills.
I told management the same thing, dump the NASDAQ listing. It’s irrelevant and does nothing for us.
For since we went on the NASDAQ, the share price has done nothing but go down. Last to reverse splits were devastating to the company.
You know what’s the definition of insanity is,
Doing the same over and over again and expecting a better result. BIO-key is done to reverse splits in the last year or so and both were failures. Why in the world would they think another one would be any different?
They should have cut cut 2/3 of the workforce and then we’d be in at least better condition. It’s not like they actually sell anything anyway.
It’s the same question I had to ask. Who the hell would do this one again. It’s not like we haven’t seen it twice before. Reverse splits do not work, never have and never will.
I voted 250,000 shares against. I guess I just don’t understand BIO-key. I guess their mission is trying to win the race to the bottom. It looks like they’re going to do it.
What they really need to do is reverse split the employees,They should fire two employees for every three they have.
Good going BIO-key management, and all new 52-week low.
My prediction is that after the split it will sink even lower.
Have you heard anything about the shareholder vote yesterday?
In all likelihood, the shares that were purchased we’re sold short by our fine friends at Maxum and the other shysters that we do business with.
Do you know what they say, there’s no honor Among thieves.
I’ve lost a small fortune on this piece of shit company. I have advised management on every occasion that they have wanted to do a reverse split that it was the worst thing they could do I believe I have actually said it is “the kiss of death“. And it has been each and every time.
I suppose as long as management collect a paycheck every week, life is good for them. Shareholders on the other hand get nothing out of it other than more dilution.
I have zero expectation of any thing successful out of this company. 20 years of trying to do the same thing over and over again with the same failed results. You would hope somebody would learn by now to do something at least different.
Why should the board do anything, they collect their fee every quarter regardless of whether the company does well or not and of course over the past 20 years, they have done worse than Poor, it’s been a disaster.
I can’t help think of how wealthy I would be Head I put my money in any other company probably including Enron rather than BIO-key.
That’s about the time I invested in this company. It has been pretty much A disaster ever since.
About the only thing they have been successful in selling is worthless shares of stock.
This company’s greatest value is in their tax loss carry forward. If somebody acquired them, that would be worth probably $100 million discounted to maybe $20 million. That is the best reason that down the stock.
Voted my BIO-key proxies on the TD Ameritrade site.
I never got BIO-key proxy material. If you don’t vote your shares, is that considered a no vote or a yes vote?
Proxy vote?
Does anyone know when you need to vote your shares? I don’t recall getting any proxy material and for some reason I think the vote has to be in by tomorrow.
Not sure what the questions are to vote on other than I think it’s approving the reverse split. I am definitely voting against the reverse split and in all likelihood probably vote against whatever else they want me to vote for.
Well I think one of the reasons why nobody holds management accountable for 20 years of failure is because none of them have any vested interest in the company. Management doesn’t really own any stock other than the free stuff they get. I think they were happy collecting their board member fee and they don’t have to do much for it.
There is no strategic plan, they come up with some crazy idea try it for a couple of months and then move on to another crazy idea. How did that bike walk thing work out, whatever happened to the blood bags? What happened to the FBI business? I don’t believe we ever got a single follow one order after the original.
For the first time in 20 years, I decided I wasn’t even going to waste the hour of my time to listen to the conference call and indoor an hours worth of excuses why we didn’t get anything done and why we didn’t sell anything. The way I look at it it was an hour of my life that I saved rather than waste.
The stock is now trading at 1.7 cents per share, and will probably continue do you have lower.
Interesting how after getting on the NASDAQ, the share price plummeted. Drop the NASDAQ listing, it does nothing for us. We’re better off trading on the OTC eBay and hopefully a pump and dump. Company needs to start doing business with crocs like Maxum you have done nothing but screw us ever since we established a relationship with them. Maxim has done an outstanding job pumping the stock up shorting the hell out of it and then dumping it into the collapse of the share price. Four times now.
I told Mike the last two times he did a reverse split that it was “the kiss of death“. I have been right both times.
BIO-key wants to get their share price up so they can stay on the NASDAQ, they need to focus on what the market for that product is and how to sell into that market. Clearly it’s something they have failed to do for the last 20 years.
I Health 5.4 million shares of this company through reverse splits I now only have about 225,000 shares that was pretty close to our 20 year low share price.Do the math, I’m down close to $1 million on this POS.
BIO-key needs to clean house and terminate most of the people that work there. They had 20 years to do something to grow this company and have failed.
BIO-key announced a $75 million opportunity in Africa about a year ago. Since then, not one single penny has been booked as revenue. Announcement is such a joke that nobody believes he’ll ever get a penny from that so-called water and that’s the reason why the stock is trading at an all time low.
If they’re doing this reverse split and all this other BS to maintain the NASDAQ listing, my advice is, drop the NASDAQ listing. It has done nothing for us and ever since getting that listing the share price has done nothing but go down. Plenty of companies do very well on the OTCBB. The track to success is selling something.
Clean house, restructure the company and maybe they can sell something and get paid for it.
Can someone explain to me why BIO-key is making a big deal out of having $18 million in cash on the books?
That cash is nothing more than a result of selling more worthless stock and diluting shareholders once again.
If the company actually sells something, gets paid for and takes send some revenue and ultimately shows a profit, that will be a time to get excited. Selling worthless stock diluting the company is something any dope can do. Very misleading and dishones.
Sell something ship it, get paid for it and then you can listed as a revenues. Otherwise, this report you’re nothing but BS.
Testing doesn’t really matter anymore since we sell this stuff countries like Nigeria but never get paid for it so it all works out just fine. They get what they paid for. Nothing.
Not bad, we only lost 4.5% of the share value on that announcement.
I thought BIO-key already had a marketing manager, how many do we need? We only have like two products to sell.
Nothing happens until somebody sells something. So let’s get something sold and hopefully let get paid for, Otherwise it’s not a sale it’s a gift.
Great news today, BIO-key added another mouth to feed at the public trough. Another vice President of something. I I have lost count but I think we have 18 vice presidents and to support staff
How does that go? All chiefs, no Indians.
Will anybody ever sell anything other than worthless shares of stock?I wonder if that $75 million check from Africa is in the mail?
I hear the question raised with securities fraud more and more these days.
Maxim is the big problem here with management being complicit. Maxim is cleaning up shorting the hell out of this thing as far as I’m concerned, BIO-key management is helping them.
Retail investors at the chumps. Ever wonder why management owns no significant amount of shares? Nothing more than a token amount.
B1, Are you questioning the validity of the $75 million African contract?
You know, if it’s on the Internet, it Hass to be real.
At least one thing is for certain, these guys sure are good at paddling worthless shares of stock.
We should start a pool, we can throw a few bucks each or to the pot and make predictions as to when the next time they’ll sell more shares. I figured maybe two months and I’ll be up packing more worthless paper.
But it won’t be worthless for too much longer. You know we have those $75 million in orders that will be hitting the books any day now.
If you believe that, I have some oceanfront land in Wyoming I’ll give you a good deal on. My prediction, these orders will never happen.
Share lock up policy. I wonder if BIO-key imposes a share lock up. When they sell our shares a deep discounts?
And he will run legitimate company that does deals with institutional investors will impose a shower and lock up. Typically six months when the investors are not allowed to sell their stock. Obviously that’s none so investors that get stock at deep discounts can’t go out and just flip the stock. That at least allows some form of protection to the shareholders.
It seems obvious that BIO-key puts no restrictions on the crooks they do business with. Once they get their shares at 8:30 to 50% discount they are able to do as they please including both dumping them on the market or using them to sell short against the real legitimate shareholders.
Always comforting to know that management has the real investors and shareholders best interest at heart.
I guess when you do business with vultures like lind and Maxim, it’s every man for themselves screw the investors.
I suspect things would be different if management and insiders actually bought shares instead of just getting the free ones.
Warrants, I suspect the investors that are buying shares at $.62 also have the option to buy warrants at some price perhaps $.25 or something like that I’m not sure how the deal would be structured but essentially the new investors are going to get lots of free B or low priced stock.
I’m an early investor in a new company that has not gone public yet. I am buying shares pre-IPO at a significantly reduced price and I also have the option to exercise warrants at The same price I paid for the pre-IPO stock. I have that option for two years after the IPO. Warrants are not available to investors other than those in the pre-IPO or institutional investors.
This particular case, I bought 30,000 shares in the pre-IPO which entitles me to 25% of that amount in warrants. Another 7500 shares. And of course the best part is I don’t have to commit to those shares until I exercise the warrants. Trust me, it’s a sweet deal for these guys and Mike was Nice enough to give it to them at shareholder expense.
BIO-key management gave a crap about their longtime retail shareholders, they could’ve put together a very nice incentive packages but they’d rather treat us like suckers and pet the pockets of their friends.
Welcome to the BIO-key suckers club
Once again BIO-key sells shares point of weakness.
Unfortunately, I think we will find that these $75 million orders for Africa are bogus and will never happen.
If BIO-key could always sell product and collect payment as well as they’re able to sell diluted shares of stock, we would be doing quite well.
You’re welcome, I hope that’s accurate information but I haven’t seen anything that would indicate they will report today after the bell.
I think they’re going to report tomorrow morning before the market opens, at least that’s how I read the press release
I have several other large investors that have contacted me and suggested the same thing. It may be time to contact the SEC. Unfortunately this company seems to be doing business with people like land and maxim and I don’t believe they were reputable people.
It would seem that land had inside information and short of the stock very heavily about a month ago, the day we did 15 million shares and we had a short interest of a almost 11%. 2 1/2 weeks later the short interest was only a half a percent. Seems like someone had some good insight information on what was going on.
The other question I have is, why did we need to sell another 2.5 million shares at rock-bottom prices when we supposedly have orders totaling $75 million? Seems it was no reason to do that other than to line someone’s pockets.
And in the end, shareholders got diluted even more.
Be one, I’m getting very skeptical as to whether this so-called $75 million order is real. It does not make any sense to me why we would have gone out and cut deals for investors if we in fact had that kind of business coming in. I suspect that this $75 million will go the way of all of the other big orders that we supposedly were getting, not worth the paper they were printed on.
These so-called investors have already made their money back to the tunes of cans of millions of dollars. They shorted the stock up at $2.50 and covered their position when it dropped back under $.50. And sadly, it would appear that management was complicit in this whole deal. Something just flat out doesn’t smell right.
Unfortunately this is not the first time that BIO-key has aligned themselves with crooked investors. We spent most of the past 20 years getting taken to the cleaners by so-called institutional investors that profited handsomely at the expense of shareholders. I mean real shareholders
If the $75 million in orders was in fact real, why did we sell our souls to the devil again.
A huge week for BIO-key sales.
Last week was a huge week for BIO-key sales. The only problem is, it was not product that was sold, it was shares of stock. Once again the BIO-key shareholder got diluted, and new investors reap the rewards and benefits. If the BIO-key sales team could actually sell some product and collect money for it, we wouldn’t have to continuously dilute the stock and screw the long time shareholders.
Yes, and it really is a big F, BIO-key actually did sell $75 million in product to the Nigerians, why in the World that we have to sell stock at rock-bottom prices? If management had to sell shares at that low price, it leaves me very suspect as to whether these orders will ever really materialize. If in fact the orders are real then management is doing nothing more than lining the pockets of their pals.
As a shareholder in several companies, many of them offer their existing shareholders opportunities to increase their investment at attractive prices. You know, they’re supporting this year holders that have been supporting them. The problem with BIO-key is they find a new bunch of new friends and give them the bargains at our expense.
It was once a day that I held 5.4 million shares of the stock and higher values and it is currently trading. Today I’ve been diluted down to about 225,000 shares and still maintain penny stock status.
If these Nigerian orders totaling $75 million are real, please tell us why you had to go out and give the stock away and diluting the rest of us.
Problem with the trading right now is that these are not investors buying the stock, these are traders in for a quick couple of pennies over and over. At some point they will go away and the investors will control this again.
Most of these people have no idea what this company is about, they don’t know what they do and they don’t know the potential. All they see is a couple of pennies on a trade multiple times a day.
I suspect with this breaks over two dollars, most of these people will be gone and off to the next Play.
I find it humorous reading some of the posts on one of the other message boards. These people are clueless as to what they’re trading and why. They have no true understanding how big this business is