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Don't get your hopes up, I don't think million dollars is even in the cards for the fourth quarter.
If by some stroke of luck or a miracle of some sort, this company breaks 2 million for the quarter, I would seriously question the reason for going through with this reverse split the way they did at the time that they did. If management had that kind of visibility, I would've hoped they would not do this reverse split an issue more shares with the price at the 52-week low. unless of course, if this was all by design to take care of special friends and give them a deal at the expense of long time shareholders.
How many of those cheap shares and $.10 warrants did you get?
I think I spoke too soon, we just traded another Share. I can't wait for this to get back to $.10 so I can load the boat again.
We are really knocking this baby out of the ballpark today, aren't we. that reverse stock split has really done wonders for our trading hasn't it?
So much for a new investors.
dotOB,
I tried to reply to your message but unfortunately I'm not a premium member so I was not able to.
50% discount to the price the rest of us owned the stock at wouldn't be a bad start.
I think the better question might be, if these investors want to put this kind of money into little old BIO-key, why did we sell shares at a discount? If they wanted in that badly and obviously they saw some reason to want to buy the stock, we should've been doing it at a premium, not discounting all the long time shareholders hat have stuck with this company for ever.
It is managements fault that we have more shares and warrants issued then were authorized. If management want to do the right thing, perhaps they should have forgone the exercise of their own warrants rather than penalize the shareholders that of been loyal to the company.
But hey, what's a 50% haircut in the value of my investment, make that all of our investments. No big deal though, give the company away to new investors at $.10 I share while the rest of us have supported the company for the past13 years are diluted over and over and over again.
For years, I have been told that a solid measurement of a company's future value is the willingness of insiders to purchase and own shares of stock in their own company. I guess now we know why insiders don't own any of this stock and were not willing to buy it with their own hard-earned money.
I won't argue the point that the future could be very bright for bio key. My problem is that if the stock every gets to a dollar, the reality is that it should've been two or three dollars.
How about the part that its "1 person with multiple allies".
I think not.
I think you are very mistaken here and really underestimating how fed up investors really are.
SOMETHING HAS TO CHANGE AND SOON, LIKE NOW
I don't want Mike out, I want a strategic addition to the operational face of this company.
A COO maybe?????>
B-1, it is painful for me to admit that I agree with you because a "NO" vote will be harmful to the long time investment that I made in this company. Unfortunately, that investment is now nothing more than a "crapshoot" at best.
The BoD has failed the very shareholders they claimed to be looking out for. When reading the prospectus, it is easy to understand why. They have no vested interest here just as management has no real ownership in BIO-key either.
For that reason, I VOTE NO also. In good conscience, I can not endorse this deal and I am willing to take the loss if necessary. A year ago I changed my outlook on the future success of this company to one of a longshot and lost money instead of high potential future. I guess I was more right than I thought.
Reviewed proxy material again,
I WILL VOTE NO
Reviewed proxy material again,
It is looking like 3,500,000. NO votes for me at this point.
THIS IS A BAD DEAL FOR LONG TIME SHAREHOLDERS. THIS COMPANY IS BEING HIJACKED.
GAME OVER
THIS DID NOT HAVE TO HAPPEN THIS WAY.
And who negotiated this bad deal?
I was under the impression that the so called "investors" approached BKYI wanting to increase their position. If that was the case, shouldn't we have accommodated them at a premium, not a discount?
This "gift" should have been done at $.15 or greater, especially if the company potential is so significant.
Here's hoping my last trade of 2014, 10,000 shares @$.1001 is the bottom and its all up from here. I would like nothing more in 2015 than to tell that seller of 169,000 shares this morning, "big mistake".
I would vote no, It won't matter though. The company sold 80 million shares to these so called "institutional investors" so by my calculation, they control the company.
We can vote no all we want, it's a worthless exercise.
I am sorry but I see no logical reason for selling shares and rewriting warrants at $.10 if we are so close to these significant events. If these investors wanted to buy/invest in more shares of BKYI, management should have given them the opportunity to buy new issued shares at a premium to the market, not a discount. Let's face it, if they wanted in as stated by mgmt, they could have bought on the open market and that would have supported the share price. I would have been willing to add an additional 1 million shares at $.15 given the opportunity and could have had other s on board to add to their positions too. This was a bad deal for long time investors and at our expense.
Can you say,"sweetheart deal"? I don't understand why people are ok with a 50% haircut in their investment over the past 1 year alone.
Amish, your theory is 110% correct and even worse in my opinion. Where you are wrong is where you say that this "doesn't change anything". It most certainly does. We long time shareholders have suffered significant losses in our investment. Losses well in excess of 200%
We have also lost control of the company to institutional opportunists. Management has sold out the long timers.
If I am not mistaken, didn't MD say that any sales of NEXT "area" type sensors would utilize BIO-key technology.
Can anyone confirm that?
Will this product ever actually ship?
They took pre-orders over 3 months ago and still no product. This gadget will be useless and obsolete by the time the 1st one ever gets into the market. Besides, who needs this thing when you have a smartphone?
Don't get too excited over bought and paid for coverage. This company has outdated technology, and worst of all, a product, if it ever ships to supposed buyers, that is obsolete before it even started.
Do you really think this thing is going to render smartphones useless? I don't think so. If this wocket were so good, why did the company have to hire people to spam message boards?
Why is it taking over 6 months to ship pre-orders?
Is this a real product?
Why are they offering an incentive to buyers? Makes me wonder what is going on. This thing could be obsolete before it evens ships.
Am I going to lose my money?
Nice product, should be a significant new revenue source.
This should be a real winner for BIO-key with great GM driving strong NET INCOME
We could really wind up with a tremendous year.
I think the partnerships with both NEXT and IDEX will turn out to be powerful and significant relationships with BIO-key. I am quite enthused with the new product additions recently announced and expect to see them add solid short term revenue with lasting longer term "bottom line" benefits and results.
Lets not lose sight of simple facts, this is still a pump & dump
This is still a major pump & dump and a company that has no reported sales. Thru 5 grand at this last week when it tanked under $1.50
Dumped it all today. SOMETIMES YOU JUST HAVE TO JUMP ON THE TRAIN AND MAKE SURE TO GET OFF BEFORE IT CRASHES
Still no sales and this is still a product that has no useful purpose.
SHOW ME REVENUES
Adding to another biometric play that is way undervalued now.
I think the new product announced by BKYI the other day has tremendous revenue potential and could be a hot new product that can fill a significant need and medium term void in the FP market.
Could be a game changer as this market develops.
Sorry gang but its not Apples fault that this stock is down...
this was dead b/4 it got started
Sorry, but this is all way too funny. It's like someone didn't try to warn you for the past 9 months.
As predicted, insiders are dumping shares. The public float has doubled due to insider selling. This product is already obsolete and the first shipment has not even gone out.
Why would anyone spend $150.00 for a device that every smartphone will contain as a standard feature?
Good luck, last one out, please shut off the lights.
Dump day has arrived.\
Insiders are dumping now that the real investment community is watching. This will be a $.02 stock in 6 months.
Why would anyone ever need this sprocket thing when you can do all of this with a smartphone?
Short as much as you can but I expect there are no share available because the insiders and promoters have already done that.
Reverse split is the "kiss of death". When done in weakness will only lead to greater selling after the R/S by shareholders that think they are getting more money for their shares. I can't recall a successful R/S implemented in desperation.
If the board wants to "affect" shareholder value, why don't become shareholders first. If you believe tn this companies future, show it, invest with your own money, not free shares or options.
I probably own more shares in this company than all of insiders combined have purchased and still hold.
I am all for a /s from a position of strength but that means current and more important, new investors need to have confidence and trust in management's ability to be successful in developing this business.
Oldman,
Not sure I understand your comments;
"BKYI is a product of IBM's research group"???????
and "BKYI provides the access to IBM's data base"???????
If the above were true, I would think IBM would own BKYI or if BKYI provided the access to IBM systems, my stock would have a lot more value than a pathetic $.13 a share. This company is worth more in liquidation, the IP and tax loss carry forward, than it trade at now. A fire sale price should be worth $.25 to $.30.
I think I would be tempted to sell my shares at $.30 just to move on and be done with it all.
Like I said earlier, if BKYI were so important to IBM or any of our so called partners, then they need to buy something or just buy the company.
That article was over 2 years old and IBM hasn't bought much if anything at all. Call me when they buy something.
Some thoughts about the 2nd qtr report;
The revenue miss should not have bee a shock to anyone. Total lack of news should have painted a clear picture.
What is disappointing is the failure to disclose the significant miss much earlier than the CC. Weeks earlier.
Why the miss. What went so wrong and why?
The constant selling from $.25 down to $.15 over the last 3 months. What did insiders know that rest of us were unaware of or failed to recognise the message it was sending? Kind of like the secondary at $.15 after the 30 cent offering.
No insider buying. Why, not good enough for their money???
How about the real threat of an acquisition on the cheap. How many shareholders would get out at $.25 now?
What is the value of BIO-keys's tax loss carry forward to an acquiring company? $55 MM accumulated loss translates into about $14 MM net to a buyer. Not much different than our market cap. Think about that.
Last point for now. How does this company convey the realistic potential/future value of BKYI? I know it exists, I know this company has a solid future. What will it take to unlock it? The three new board members didn't sign on for BOD fees. They saw something more significant.
The real question that must be asked is.....
Who are the 533 buyers that spent $149.95 for a product that is no better or useful than a 20 year old Casio organizer that sold for $20.00?
What did you all expect?
How is the NASDAQ listing progressing?
Amish, sorry for the delay answering your question but I don't follow these boards as much as I use to.
Just my opinion but I place a tremendous amount of potential in both an Experian/BIO-key business relationship as well as the financial industry stature that Experian represent and commands in the financial community. I think Experian provides a solid bridge between both mobile banking and the mobile payments crowd as a trusted, reliable source of credit worthiness. Banks trust and rely on them at the highest level of the transaction and I think that becomes the common denominator.
In short, if Experian validates BIO-key, financial institutions will also.
How is the NASDAQ listing going? Do you guys think that NASDAQ will list a p&d with no revenue, cash or saleable product?
You are welcome, and for the record, that was my "sugar coated" version of a reply to you.
Buy if you want, sell if you must. I am in this till the end, win, lose or draw but I really believe this share price is a no brainer. Whoever is selling has just given up and this is wrong time to be giving up and selling. I learned from a very wise trader, BUY WHAT NOBODY ELSE WANTS SO LONG AS YOU UNDERSTAND WHY THERE IS VALUE.
I see value at this price with tremendous potential in the very near term and I don't think it has anything to do with my rose colored glasses I am wearing.
Oldman, I didn't reply to your message/comment for several reasons. First, because it was"wild and ridiculous" speculation. As I recall, an IBM buyout at $6.00, sure.
As for your post claiming that I was one of the manipulators selling, that would support my second reason for not responding which is; "I think you are stupid and clueless". Being subtle has never been one of my stronger qualities. Trust me when I tell you that If I was selling, you would know it and the share price would be far more severely hit than it reflects now.
Since you are a non shareholder, I would question why you are even on this message board. Get a life, find a hobby or something. Let me leave you with this last thought. I am not happy with the lack of visible progress this last Qtr but I really do see that there is a light at the end of the tunnel and we will get there. Shareholders that are selling now are making a huge mistake in my opinion.
I have said this several times before and will say it again. The Experian news alone should have pushed the share price north of $.30 instantly. The fact that it went the other way tells me that you are not the only idiot out there. Others didn't get it either. The recent AAPL/IBM announcement should have provided a real clue as to the future of mobile payments and mobile banking and where BKYI solutions will become essential.
Enjoy your life and if you feel you need a friend right now, buy a dog.
Definitely not trading like a company/stock that has forecast a record Qtr of $1.0 MM to $1.7 MM in sales.
What do the insiders or the market know that loyal investors are missing and clueless about? Just like the good old days when good news was a selling opportunity for the preferred shareholders.
Whats going on with the proposed NASDAQ listing? Does this company come close to compliance?
Why are you all talking about a fire sale to move product? 2 for 1, 3 for 1, Are they not selling?