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Only $.25 left to go before it hits my target Price
Reverse splits, I am hard-pressed to remember any reverse split that has been successful in the past several years.
My prediction, after they reverse split the stock, I expect it will drop by at least an additional 30 to 50%. Hope I'm wrong, but I doubt it.
I'm sorry to say it but I think this company is done, toast, finished until they actually go out and sell something of significance.
I'm afraid by the time that happens we will have reverse split the stock by at least 10 for one and the individual shareholder as we know them today will have a worthless position.
Thanks for sharing that information, yes, you would think that BIO-key would be up significantly on all of this positive information coming out about our future. I'm still having trouble understanding why we are not trading at $.30 or even a lot higher at this point.
If it was under 5000 shares, you were flying under the radar and it would not show up on level two.
I wouldn't see in order like that on my screens. Unless it gets over $.20 a share and then over 2500 Shares
I finally pulled my orders a little while ago.
How many shares were filled and at what price?
Automatic buy program in place.
I've been trying to buy this stock all day and every time I place an order I get outbid by hundredth of a penny. It's been happening ever since the 16 1/2 range up to 1875.
It is clear that the marketmakers are most likely accumulating shares knowing that the value should be north of $.30 a share based on recent news.
When we see real inside buying, then we will know that significant change is happening and revenues are on the rise.
I hope we see insider buying prior to the reverse split otherwise I am not confident that the reverse split will be anywhere's near favorable to existing shareholders.
It's unfortunate we didn't learn more about the order with the credit card processing company that we have closed. That most certainly could be a very big deal.
It looks like bio key just woke up. Did somebody figure out that the announcement the other day should place the value of this company close to $.30 a share now.
Any thoughts on why the market seems the place no value in today's press release?
Maybe I missed it but where in the filing get it refer to worldwide touch technology?
That must be a new offering, I had not seen that the last time I looked at that website. Still think we need to get them to his bio keys technology though.
Have not taken the time yet to look at their data sheet on the Gemini reader, not sure if it's web-based or not.
As I recall, Napco does most of their assembly and manufacturing in the Dominican republic. Very low cost for manufacturing down there.
What I would really like to see is for NSSC to add a fingerprint sensor to their keypads and then tie that in with a mobile app that would be something that would use bio keys fingerprint algorithms.
That's right, unfortunately the purchase of marks back about eight or 10 years ago as I recall was at the height of the markets and unfortunately costing a lot more money than it should have. Digging out from under the debt but I think they have a tremendous upside potential. The debt down to around $10 million and there's not a lot of shares outstanding of which only 50% of the shares are in the float. Significant insider ownership at around 50%.
There going very have heavily into mobile and wireless for their security products and I would really like to see them add a fingerprint component that would include bio keys technology.
I also see the potential for this company being swallowed up by one of the bigger players in the not-too-distant future. Not trying to spread a rumor but believe it could be a part of Industry consolidation.
No big deal, I'll get over it.
I guess the better question though is did you look at NSSC this morning? Up nearly 15% this morning. The point I was trying to make is that there are many industries that we need to be trying to sell bio keys technology into and the security market is one of them. A natural fit as far as I'm concerned.
Continuing to add to my position in Napco securities, NSSC,. They have a school lockdown system that is starting to gain traction in light of the recent issues going on in school systems. I've had conversation with their management in the past about adding biometric to their system.
What a winning combination that could be. Access control using fingerprint technology either through direct keypad or via smart phone. Web based.
With all this hacking of personal data and identity theft going on, why is it we cannot sell any of this Technology?
I understand that we had a great Q2, but guidance going forward is 70% less than the $2.3 million that we generated on the low-end and about 40% on the high-end. We will not be out of the woods until we can start to produce sequential growth in sales Q over Q.
We need to focus on an expanded and more diverse base of customers if we're really going to grow this business. We need a salesforce if we're going to achieve that kind of growth potential. More feet on the street.
No matter what happens, our success is going to be dependent on sequential growth.
Topp, do either of your posts today have any value to BKYI?
What happened to WWTT?
What happened to the big bank deal?
What happened to the AMD program?
WHAT HAPPENED TO etc., etc., etc........
As stated by someone on another board, BIO-key is trading at a near all time low when adjusted for the reverse split. Change is needd. Are we going after the wrong market, customer, sales channel or all of the above? As stated in the article, a major issue exhists in interopperabilty. Wasn't that the significant feature of BKYI's technology?
MAYBE WE SHOULD TELL SOMEONE.
Does this compaany have any sales?
If so, how much?
I'm not that worried about getting out. I still believe the company is worth $.50 a share bankrupt. I base that on the tax loss carry forward and the value of the IP. An acquiring company could potentially have $25-$30 million net in tax loss carry forward to apply to their tax base. Then add the value of the IP.
I think the real question will be how poorly the company will negotiate a potential sale. At worst case, a $.30 MOU should be the bottom. The concerning part is the MOU figure didn't just get dreamed up out of thin air. There has to be some basis for its formulation
I hope I'm wrong but grand illusions of this being some powerhouse company went out the window over a year ago. If second-quarter was a bust and I have a feeling it might be, we can see another round of dilution soon.
Top, thanks for the correction I knew it was $15 million but for some reason wasn't thinking and wrote15 million shares. That's of course represent a potential additional 50 million shares of dividend paying stock. I wouldn't mind getting a 6% dividend on my 1.8 million shares but what the hell, let's stick it to the bio Key shareholders again. I'm sure they won't mind.
Don't get too excited over the fact that the stock went from about $.40 to $.20 and after the split was announced It went down to $.12 a share over the six months following Not exactly stellar performance. Every other company I invest in that has an offer or an interest on the table from a company to acquire shares typically goes up on the offer at least to a point it's closer to the offer price. In this case I would have expected it to be for some where between 25 and $.27. What's wrong with this offer or MOU?
I hate to say it, but I'm very doubtful that Q2 Will come in anywhere close to guidance. If our business prospects were looking better as guidance should've suggested, we should be doing a heck of a lot better in the in the market. I wonder if that could be the reason we lost a board member this week
Nice press release if you own stock in IDEX. I would think if BKYI had anything to do with this press release, we would see the stock trading closer to the 52 week high as opposed to the 52-week low. My guess is that we have nothing to do with it.
We have a $.30 per share memorandum of understanding by a company that wants to purchase up to 15 million shares at $.30 and we can't get over $.20. There is something desperately wrong with this picture.
What's even more discouraging is the inability to sell more than $200 worth of this stock at $.20 a share along with the other Discovery yesterday that it looks like Vice president of sales is no longer with the company.
That is actually good news by the way, the guy accomplish nothing in the two years he was here as far as I could tell. it frees up some much needed cash to do bigger and better things.
On top of that, there's a company interested in investing $.30 a share in our company and we can't get over $.20 in the open market.
Did I miss an important important change in our executive structure?
Every couple of weeks ago through the bio key web site to see if we are still in business. I noticed something that looked interesting. I didn't see Jim Skidmore's name listed as vice president of sales. I thought he was listed as an executive.
Any idea what happened to Skidmore and when? I won't be terribly disappointed to find out that he's no longer with the company. I'm not sure what he did to enhance our sales. I don't recall Jim Sullivan's title but it looks like he may be in that position now. If that's the case, I think that's a good move. He is at least the one guy that's been selling stuff. Jim, if you're the new guy, let me give you a hint, it's time to develop a rep agency network to carry our product to market.
Nothing good happens until we sell something so let's sell something.
It doesn't appear that you can explain to me why it's positive.
I'm not interested in selling out the $.30 a share especially when the distress value of the company is probably close to the $.50 a share.
Why should I be excited about $.30?
Don't lecture me, I don't know who you are but I can tell you that I have probably been around this company much longer than you and own far more of this company than you and all the insiders combined.
If you want to have a real conversation, try not coming off as a complete jackass.
If this is supposed to be the best technology in the industry, why don't we act like it.
Sean boy, before you pick up your toys and go home, I have two questions I would like to ask you.
Given the guidance that has been provided for the second quarter which ends tomorrow, what do you believe this company should be worth in a stock value right now?
If the second quarter is supposed to be as significant as we have been led to believe, and things are just starting to break out in the biometric arena, why are you willing to throw in the towel and agreed to sell the company or at least what I've heard to be a third of the company at $.30 a share plus give away a 6% dividend as an enticement?
Well Sean boy, if all that is true, then my next question is why is our management willing to sell us down the river $.30? If we had such a spectacular second-quarter as you are suggesting then I would say our value is much higher than $.30.
It's cute to wear in fact a great quarter, and we should not need money right now.
What part of the convertible preferred six exciting? I'm not sure how excited they are to me because I'm losing money on it. I'm not getting 6% on the shares that ion and I paid a hell of a lot more money than these People are.
Are you referring to the 50% premium we are getting after they cut the share price of our stock in half? What premium are you talking about. And let's not dangle NASDAQ at us, we've been down that road for 15 years.
Well why don't we wait till second-quarter comes out and we see how the numbers are? If it's a good quarter like they are suggesting it is, we should be getting a lot more money for our stock not selling -basement prices
You know what I think the best part of this deal is? It should be a clear signal sent to people like Apple and Samsung and other companies that they should step up and buy our technology before it gets sold to someone else. And let's face it they can buy is pretty darn cheap right now.
I'm not suggesting that somebody like Apple is going to buy us, I'm just suggesting that a company like Apple or another major cell phone manufacturer want to be considered taking us off the market and owning the technology for themselves just as they did with authentic.
I'm sorry, but $.30 is a joke.
Thanks for your reply, I assume you're trying to say would anyone loan us money as opposed to borrow money but perhaps you can clarify.
Maybe I don't really understand this deal but from what I gather were literally selling our selves out at $.30 a share in stock and we're paying them 6% to do the deal. Is that correct?
If they want to buy the company, let them make an offer, I'm willing to consider selling my shares for $.60 or a dollar or whatever but you come to me with an offer something that's far greater than I would believe the bankruptcy value of this company is. Why is it that the stock is not trading close to the $.30 a share this morning? What is it that somebody doesn't quite understand including me perhaps that keeps this thing at $.20-$.21
I think this company is worth a heck of a lot more than we are willing to sell preferred shares at $.30 for. Get me an offer far higher than this and you got me interested but this price no I'd rather fire people and replace management.
Can you elaborate? In what respect do you think we're missing it?
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.
To figure out what this really means, maybe the best thing to do is to go back and look at what happened to this company over the past 15 years with all of the preferred shareholders that drained this company into near bankruptcy.
I seem to recall this management stating several times over the past years after finally getting out from under the last batch of preferred, that we would never do that again. I guess "again" has a time limit to it.
Here are my thoughts, if we are still trying to hustle A new batch of preferred shareholders, it means we are still in desperate straits for money and this quarter is probably once again another bust.
If we need money, it's time to start to cut headcount.
You know what I'd really like to know, did we sell anything this quarter?
Did the bio key shareholder just take it in the shorts once again?
The last group of preferred shareholders that decided to invest in BIOkey almost sank the company.
A lousy quarterly report but second-quarter guidance isn't half bad at all, it's actually quite promising. With guidance of $1.5 million to $3 million for Q2, I have to believe the one and a half million is in the bag and there is good reason to believe the $3 million guidance has A high likelihood of success.
As frustrated as I am with this company, I would not even remotely think of selling my shares at this point in time.
Maybe next biometrics will buy us. IBM would work for me too. Maybe a bidding war will push us to $.80, the 52 week high, or close enough.
Doesn't look like there's any real strength in the ask. I just threw an order in for another 10,000 shares at 16 1/2 cents and it was executed within 30 seconds. That's a little bit troubling.
B1, I would also question the Friday release of this kind of news, I've never been a big fan of Friday press releases as a general rule.
As far as the timing of doing it on a down market, at the time they placed the press release information, probably yesterday, they had no idea what today's market was going to bring.