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Not to worry, I bought $2.71 and I'm already on the water. I'm sure you'll have the opportunity to pick up all the shears you want at $2.50. I should've waited
Clarification excepted, but I remain, $3.60 Buy out target or merger by china Gold Joy..
So I have two comments for you, first I hope you're right and I am wrong and that the buyout is not going to be at $3.60 a share because I agree with your second point that we are worth a lot more.
Where we disagree, I don't see the stock getting any higher than four dollars a share on a good day.
What is needed is very simple, we need to sell something and we need to be able to communicate to shareholders and investors that we actually are selling product. Not fluff press releases that I meaningless.
As an investor, I think management owes it to us to provide real information about this company, What are these contracts really worth?
History is in my favor, not yours. Oh, and I put my money where my mouth is, I'm one of the buyers this morning I consider it a good investment as I am sure I will get $3.60 for those shares in due time.
The end game for BIO-key.
I think I'm convinced more than ever at the end game for BIO-key is a buyout at $3.60 a share by China gold Joy. It will probably be disguised as a merger but make no mistake, this will be a buyout by China gold Joy and the big reason is that first they can buy it cheap and second utilize the NASDAQ listing to get China gold Joy listed on the exchange.
There may be a few pennies more in it for BIO-key shareholders but I am convinced it will be somewhere between $3.60 and four dollars maximum.
Useless press releases like the one that came out yesterday only provide the illusion that something is getting done. There is no detail there, there was no Dollar value associated with The announcement, there is no reason in there to believe that this deal that they announced has any significance whatsoever. The only thing it did is give shareholders the thought that we're still playing in the game.
I had hoped that we were done with fluff PR's long ago and that we would actually get real information in these press releases. Clearly, I was wrong.
The only insider that's buying is Wong and he's buying up as much as he can at the price level of the low threes and below. Probably a very good bet to buy up whatever shares that he can buy at those levels also for individual shareholders. Will probably do quite well when the company gets taken out at $3.60.
I hope I'm wrong but I doubt it, I just don't think there's going to be that kind of pay day for the long time BIO-key shareholder.
That equates to $.15 after the conversion for reverse split.
I do have one question though, what happened to all the institutional investors that we're chopping at the bit to buy the stock when it got listed on the NASDAQ?
Do they still make Thunderbird? That might require me selling two shares of BIO-key stock for a bottle of Thunderbird or MD 2020
I think you're probably correct, perhaps a nice Pinot Noir would be a good choice.
I have great news. I have used my tremendous powers and intellect to arrive at the most logical of decisions that I am faced with today as outlined in my previous post.
The best and truly only decision for a shareholder with such a significant investment in this company can't be anything other then the following.
I will go down to the wine cellar, grab a bottle of one of my better and finer bottles of Cabernet, open it and give it some time to breathe.
I will then take that bottle upstairs, grab one of my fine red wine glasses and take it out to the garage and drink it while I sweep the floor.
Nothing like A decision that satisfies the best of both worlds. A good bottle of wine and a stiff broom.
471 shares traded, what's wrong with this picture?
Ripple is good, poured over some ice with a little Sprite and have yourself a grand time
471 shares traded so far today, I hope management didn't sell those shares out of the treasury so they could use it for gas money and parking in New York City.
Big decision at hand,
With such a monumental event only moments away, the decision at hand is do I go down to the wine cellar grab a great bottle of wine, take it into the theater and watch these guys in full life on 110 inch screen in the theater, or, go clean the garage it is really a mess.
Which accomplishment will be truly more gratifying, a clean garage or BIO-key going on the NASDAQ and trading next to no volume?
Very tough call.
I seriously hope we can manage to trade more than 200 shares tomorrow. I don't think it'll be very encouraging if we are ringing the closing bell and can barely trade the stock.
I still think there's something seriously wrong when the stock can't trade more than $1000 in a day. What happened to all the so-called institution on investors that couldn't invest until we traded above three dollars a share and we're on the NASDAQ?
Got a remember to my typing before I hit send, sorry, locks typos bad habit of dictating and then hitting send before I proofread it.
Of course I'm glad I didn't sell those shares of $3.01. But at the same token, I'm sad that I didn't sell shares at $.40 a few years ago which would be the equivalent of $10 a share today. Never look back.
Fact still remains that I have no problem lightning up, I have a lot of charity shall I thinking if you were off the table doesn't hurt.
I think my disappointment right now is that news does not seem to be moving the stock nor is there any significant trading volume now that we areu on the NASDAQ.
Let's not lose sight of the fact that we are still trading at West and $.15 for a split. Still pretty pathetic.
Unfortunately, at BIO-key press release is equivalent to a tree falling in the forest, with nobody there to hear it, it makes no noise.
Still appears to be no outside interest in BIO-key stock so we go nowhere. I'm confident the institutional investors will be riding in on their white horses any day now.
Typically a rep agency will handle products from many different manufacturers. The key in hiring and engaging a rep agency is finding agencies that have synergy in the product lines they carry, customers, both OEM and user along with complementary products that they handle.
Now that BIO-key is playing in both the OEM, user and consumer market, there may be a need to have two different styles of rep agencies representing the company. One that focuses on OEM and user and the other with that focuses on consumer retail.
The OEM and user rep would typically be charged with developing the industrial and electronic distribution channel, consumer, will develop the retail distribution channel along with the web based sales. They are typically handled very differently.
I continue to struggle with the reason why we have not engaged rep agencies to handle our products. It essentially cost us anywhere between five and 7% of the sale but by doing so you do not need to have a direct sales force expense which would be quite significant for our company. Primarily you use sales management personnel like regional managers to develop the rep agencies and the rep agency develops the sales channels as well as target markets and OEMs. It would be by far the most cost-effective way to take our product to market and develop a wide range of customers opportunities.
At long last, some volume kicking in. Almost 18,000 shares traded and I would say that is significant based on the reverse split formula.
If volume precedes price, let's hope this is the start of some nice price escalation as the volume is increasing. About time, happy to see the move. Very long overdue.
Nice BIO-key press release this morning. Finally some real information that provides order of magnitude and strategic value.
10 customers identified at least by market segment and relative order value. $250,000 divided by 10 customers reflects roughly $25,000 per customer. I assume these are small local healthcare opportunities. How many more are out there like that? I suspect thousands if not tens of thousands across the country. If they're all worth roughly $25,000 apiece, that is a big number when you extrapolate it. Not too shabby at all.
Very nice, keep these kinds of announcements coming. They don't have to have huge order values, just an indication that were actually selling the stuff for a change.
Amazon prime day begins at 9 PM this evening Eastern standard time. I wonder if there will be some deals on BIO-key bike locks with biometrics?
All or none sell order in today to unload a few more shares, can't give them away. Won't settle for anything less than $3.01
The stock should spike up to $3.60 when the Chinese guys buy out the rest of the company.
Not a big fan of good to cancel orders, I'm not smart enough to remember that I have them in force. It's bad enough that I put in an all or none but it was such a small amount, I couldn't afford to let it trade 100 shares at a time and pay the commission on it.
Watching that piece of garbage NXTD trade up about 38% today. That so call biometric company is outperforming BIO-key and were the leaders of the biometric industry, go figure.
Pick the wrong horse to ride.
Trying to sell a little under 1000 shares at $3.01, can't even give the stock away. I guess the bicycle and gym locker business isn't all it's cracked up to be.
Maybe next year will be our year.
Why sell you ask? Lack of confidence is probably the best reason I can give you. I said along time ago if the share price ever got up into this range whether it be three dollars a share or $.15 a share presplit numbers, I'd start taking some off the table. Should've done it long time ago when I got the $.40 before all the splits but I didn't.
I will feel a lot better just taking some off the table. I have several other investments are doing just fine and I wouldn't mind doubling up on some of those. There was a time when BIO-key was going to make me rich, that time is long gone it is no longer one of my significant holdings and that's not because I've sold the stock, it's because it's just remain stagnant for too many years and diluted.
All or none sell order in at the bid for three dollars a share and I still can't get rid of the stock.
Typical trading games, took somebody else's shares at my three dollar ask sale price which was the bid and left mine.
That's because this is another useless and meaningless press release that serves no purpose other than provide a selling opportunity for people that want to dump the stock. Almost 20 times more stock to sell them there are buyers interested in adding, how pathetic.
People should be fired for putting out this kind of garbage press release. Meaningless. It provides no significance whatsoever. Leads me to believe that the details are embarrassing.
History was made today, after holding this stock for over 15 years, I finally sold shares for the first time today.
Hopefully I can dump some more tomorrow.
Does anybody know what the latest tax loss carry forward figures are? Seems to me a year or two ago they were somewhere is around $65 million. I got a believe they're $75-$80 million now.
At 30% utilization, that would make the tax loss carry forwards worth about $25 million to a profitable company. I'm not sure if I have this correct but I'm thinking that with let's say 6 million shares outstanding, that would make the tax loss carry forward worth roughly 4 dollars per share.
So I wonder if the endgame here is for Kwong to take control of the company which people already does for all intensive purposes, get it listed on the NASDAQ but now has china gold joy and use the tax loss carry forward to essentially own the company for free. That's probably why the $3.60 figure is the number that they are willing to buy the company for and make the private placement deals at. That would be like a 10% discount to the tax loss carry forward.
Just a thought.
During the last conference call about two weeks ago, didn't someone ask the question if there was any plans to raise more money and issue more stock? I thought the answer was there are no plans to raise money. How is it we went from no plans two weeks ago to raising a whole bunch of money and diluting the stock significantly in only two weeks?
I tried to unload a bunch of shares at $2.74 and had no takers. I wonder if these private deals are put together are basically con job smoke and mirror deals to once again dupe the shareholders with nothing in return.
If Hong Kong Kwong was willing to buy shares at $3.60, why can't we even trade for $2.15 now. Where is the disconnect. Maybe the disconnect is we need to sell something. No orders, no revenues, and the only news we ever get is about continued dilution. Very troubling.
Sad to say, this company is done AT $3.60 OR $.15 PRE SPLIT 15 years ad can't even break Evan.
During the last conference call about two weeks ago, didn't someone asked the question if there was any plans to raise more money in issue more stock? I thought the answer was there are no plans to raise money. How is it we went from no plans two weeks ago to raising a whole bunch of money and diluting the stock significantly in only two weeks?
I tried to unload a bunch of shares at $2.74 and had no takers. I wonder if these private deals are putting together are basically con job smoking Mira deals to once again the loop shareholders with nothing in return.
If Hong Kong Kwong was willing to buy shares at $3.60, why can't we even trade for $2.15 now. Where is the disconnect. Maybe the disconnect is we need to sell something. No orders, no revenues, and the only news we ever get is about continued dilution. Very troubling.
Wick, I don't know what this means when BIO-key says they have established a substantial presents. But we need is for them to secure some substantial orders. In other words, sell something.
I don't know about anybody else, but I've been listening to the stuff for 15 years. Quarter after quarter it's the same old story. "We weren't able to get that close in the quarter so it'll show up next quarter". I'm starting to seriously realize that none of the stuff ever shows up in the next quarter. It just drops off the radar screen and we say the same thing every single conference call.
Somebody please sell something.
Looks like we have a new low of $07.29 cents on a pre-split basis. reverse split working like a charm.
What are 20+ people/employees doing? Clearly not selling anything. Need a 50% cut in headcount now.
BONUS PLAN----BASED ON REVENUE
Management gets bonus for loooooosing shareholders money
REVENUE,REVENUE REVENUE
REVENUE, NOT NET INCOME
March 16, 2017, we adopted an incentive bonus plan for our named executive officers Michael DePasquale, our Chief Executive Office, Cecilia Welch, our Chief Financial Officer, and Mira LaCous, our Chief Technology Officer. The plan provides for the payment of a cash bonus equal to 10% of our net income in the event that our 2017 revenue exceeds $5,000,000, 12% of our net income in the event that our 2017 revenue exceeds $10,000,000, and 15% of our net income in the event that our 2017 revenue exceeds $12,500,000. The forgoing amount, if any, will be allocated among our named executive officers, our other executive officers, and certain key employees, based on the relative base salaries of the participants.
Does anyone know if BIO-key still qualifies for a NASDAQ listing? It's been trading well below three dollars a share for at least two or three weeks now. I thought the stock had to trade above three for at least five days in order to qualify. Doesn't look promising.
Of course the good news is that the cash grab bonuses by management don't appear to be tied to a NASDAQ listing at all. Even better, they can even lose huge amounts of money and still get big bonuses. Doesn't get better than that does it?
Just curious, does anybody remember the last time this company announced an actual order?
I don't follow this company that closely any longer but I'm thinking the last time I heard of an order being announced was probably a year and a half to two years ago.
So if I read those requirements correctly, we are still quite far away from qualifying for a NASDAQ listing.
Anyone know whatever happened to the NASDAQ listing? Supposedly if we traded over three dollars a share for five days we were supposed to qualify.
You have one heck of a computer it's able to pick up an accent from a typed post but let me asure you that I can pak The car with the best of them.
Who else would buy this crap? I wouldn't touch it with a 10 foot pole, all I want to do is get out of that shares that I have.
I grew up in Boston, you can add me to that frappe list of insiders
Somebody wake me up when we get to $3.60 a share
That reverse split really worked like a charm, didn't it.
Maybe We should do a 12 to 1 reverse split on everybody's paycheck to go along with the destruction of shareholder value.
How pathetic.
Healthy competition is fine, problem is we have very limited competition and we can't seem to go out and book any significant orders.
I'm sorry to be such a cynic but I still question whether this company's management actually knows who their customer and market really is. I don't think they have even come close to developing a viable sales organization. We are a 20 person organization selling probably $3 million a year worth of product now. That's terribly inefficient and have something seriously wrong with the way we go to market.
Sorry for not getting excited about a biometric paddle lock for my shed. I think that's a far cry away from where we started out, the greatest algorithm of the world use by the FBI. Where did we go wrong.
I would disagree with that statement, more competition implies that there is a void in the marketplace for a reasonable, logical, and economical solution.
I would have to say that after 15 years, BIO-key has failed to meet the needs of the marketplace with this product. The greatest evidence of that is that they have not sold anything significant in 15 years.
Sorry folks but I'm no longer drinking the Kool-Aid. I don't know what happened to the big splash at CES but I didn't see it materialize in the market at all today. But hey, what can I tell you, nobody ever accused me of being smart
Any thoughts on the BIO-key news out of CES?