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I think BIO-key shareholders been having there dongle's yanked for so long we don't even know what reality is anymore.
Reverse split working like a charm so far, I expect will be at a buck and a half by the end of January
Here's my suggestion for success, why doesn't somebody sell something
I don't think it matters much what these guys do anymore. I think the fix is in and the deal is done at $.30 a share or now the new $3.60 a share and that's the end of it.
I have long believed that the only thing this deal is good for is getting China goal joy on NASDAQ exchange. That's what the entire mission is about as far as I could tell. Easier to get BIO-key listed and then absorbed by gold Joy then trying to get gold Joy listed on their own.
At any rate, it's game over for the individual BIO-key investor. What a sad finish after holding onto this company for 15 years
I'm not sure how lucrative the paddle lock business is going to be, a simple $9.95 set of Bolt cutters will take care of it. No fingerprint needed
I thought this was supposed to be high tech security in penetrable by anyone, looks like it's nothing more than a lock for my garden shed.
Really kicking butt on that reverse split, down to 9 1/2 cents when you account for the two Reverse splits , Told you Long ago, reverse split don't work
That's what they all say just before the crash.
So here's the problem, after the 12 one reverse split that puts the stock at about $2.28 a share. Now we only need to go up another 40% to get to three dollars minimum share price to qualify for NASDAQ. Oh and don't forget, we need to hold that share price for I thought it was 30 days but maybe it's only five days. What's the plan to do that? I have an idea though, maybe somebody will sell something. Yeah, that's it, some revenue.
Is another idea though, fire 80% of the people because they clearly haven't gotten anything done.
Now I don't want anybody to take my comments personally, I'm only cranky because I've lost well over half $1 million on this worthless company. That's what happens when you have faith and trust in an investment in a management structure that fails completely and clearly appears to not care about their shareholders
Hey, it's only money what the hell.
I would expect the price to sink to about $.12 before the split.
Looks like the load trade of the day is $.13, so when they do the 12 or one reverse it'll probably bring the price to about $1.50
Then you could cut that price in half and wear a $.75 stock again, And result, we're basically a three cent stock.
The last time we did it two for one reverse but I said it was the kiss of death, and it was look at where we are now and just wait to see where were going.
One for 12 reverse split announced, final nail in the coffin, it's all done. The stock will reverse split to roughly $2.40 and in no time will be down under a dollar again.
Reverse split never work and never solve the problem, the last two for one reverse split brought us to do all-time lows this will take us even lower.
What we really need is a one for 12 reduction in headcount. We have far too many people employed that have accomplished nothing.
Sorry folks but this company is all done, remember, nothing happens until somebody sell something and so far nobody has sold anything.
News of the reverse split must be out as share price plunges on increased volume. My guess, one for 12. Game over kids
I also went heavy into the gold miners about 2 years ago along with oil and energy like fuel cell co,s.
Bought a lot of MPET well under $1.00 about 9 months ago, hit $10.00 the other day.
Wick, I would find it very hard to believe they could do anything less than the one for 12 verse split at this stage of the game. I think they probably go even higher if it wasn't for the fact they have to go through another shareholder vote.
I do think that at this price is probably a solid buying opportunity as I think when all of this is done, this thing gets taken out at $.30.
What do you mean this could going to freefall soon, I thought we were already in freefall. Where at 9 1/2 cents presplit.
I hate to sound like an idiot but this is starting to look like a good place to buy, the Chinese guys are going to wind up paying $.30 a share for this so there's probably a pretty good gain to realize. 50% from the current level, that's probably a pretty good bet.
Well I guess we can scrap the 27th ask, now were down to 19 1/2 cents on the ask with plenty of shares to get rid of
Well whatever our fearless leader is spreading at this conference, it's managed to bring ask down to $.20 a share for 60,000 shares
Not a good sign at all.
Whoops, I'm bad, that should've said all chiefs and no Indians.
Of course the messages still the same, somebody please sell something
Right now we're looking at a 12 to 1 reverse split. And the only reason it's probably not going to be higher than that as they don't have the shareholder approval.
I would be very happy to take my $.30 and go away. Let the Chinese guys have the company, they basically do already anyway.
Please, sell something anything except not more shares.
No wonder we don't sell anything, I'll cheese and no Indians.
We have The following;
Chief executive officer
Chief financial officer
Chief operating officer
Chief technology officer
Chief scientist and VP
A 20 person company with five chiefs, at least another five vice president's, and maybe a few Indians kicking around.
We need to get some people on board with the title major big-time sales guy.
Nothing is going to happen until somebody sells something.
$.19, what a train wreck. Please just sell the company to the Chinese guys at $.30 and let's get this over with
Looks like a new 52-week low on the horizon. At this rate a 20 for one reverse split isn't going to get us on the NASDAQ.
Best solution to our problem sell something.
And unfortunately, I think all BIO-key shareholders have been ignorerised by management. I've been here for 15 years and to be honest with you, I've given up hope that this company Will ever amount to anything more than a $.30 stock.
It's very sad, there are many shareholders that of been around for 10 and 15 years that really believed in the technology and the opportunities at this company had in front of it. 15 years later we still have never really booked a significant order other than the FBI contract and that was eight years ago. What's worse, there's never been a replacement or follow on order of any magnitude that I'm aware of.
Very disappointing, close to 2 million near worthless shares.
Top, I think B1's reply to you is 100% accurate and on the money. No coincidence that 4 directors bought the same weird number of shares all at the same time. Nothing more than compensation using free shares that you and I pay for.
You can criticize me all you want for my comments but keep in mind one thing, I've been here for 15 years and have acquired an off a lot of the stock and my guess is I probably bought more shares then call directors combined with the exception of Hong Kong Louis. I'd be ecstatic to be 100% wrong about my opinion of this company now. It's obviously in my best interest for them to succeed and succeed significantly. But they're not gonna go anywhere unless they actually sell something and year after year they can't seem to book a significant order. How much longer should we all be expected to wait?
My guess is we have another pathetic quarter to be announced come Monday and shortly after that will learn that we're going to wind up with a 12 for one reverse split. I'm convinced that the endgame here is a $.30 or equivalent buy out by these Hong Kong guys.
I really hope I'm wrong but I doubt it.
Are you serious? A director of the company buys $3000 worth of stock and you find that exciting?
I would agree with you that Hong Kong Louis picking up seven or 8 million shares was a pretty good and bullish move but I would like to have seen other directors follow suit. Not $3000 worth of stock, That's pathetic.
Earnings report next week, let's see if we can book another $400,000 in business for the third-quarter. That will get us well on our way to our forecast of $6 million for the year
Although I have to say, my kids high school marching band booster club sells more in chocolate bars each season then bio key did it all business so far this year.
There is hope for this company.
Maybe I can pull off a hat track this year. Two of my other near worthless companies (at least worthless in terms of share price), that traded for $.20 a share both got acquired and went up over 500% in the matter of weeks.
WLSE hit a low of about $.18 and wound up getting taken out at $3.37.
MPET was trading as low as $.20 A few months back I started accumulating the stock between $.20 and $1.04 is being taken out at some price in excess of $5.35 right now.
Can bio key be the next near worthless company to skyrocket on buyout potential? Or better yet, maybe they'll actually sell something.
Maybe the Gods will look down on me again and I can get out of this company with a profit.
We can speculate all we want about this deal with CGG but as far as I'm concerned, as long as we are hitting 15 year low share prices and near zero trading volumes, you're going to have a tough time convincing me that there was anything substantial in this deal for bio key shareholders. I think I had an order in on Friday for more shares and most insiders Holdings just to get the price higher than the 12 cent bid that was offered. And Believe me, the last thing I want is to own any more this stock. I will however try to protect my investment when prices get that low. I still believe this company will sell for $.30 and so I am still averaging down at this point, yeah, I know pretty stupid.
Correct me if I'm wrong but it's been close to a year since they put this deal together with CGG. Can you cite some significant business that we have achieved out of it. Why is it that no one has confidence in what this deal is, especially insiders as evident by their lack of insider buying.
There's no question that the $7 million low-end guidance is extremely promising, but how many times have we seen this kind of optimism only to get nothing even close to the projection. I also have to wonder why guidance like that prompted no buyers of the stock. I guess I'm still in that show me state. I will also readily admit that I would be extremely happy to be very, very wrong this time. Another words, I want this to succeed so I can recover some of the significant dollars that I have lost on this company. I am unfortunately believe when all is said and done, we long time shareholders will see nothing more than $.30 for our shares and for me that's just about break even and we'll just chalk up the 15 years I've lost in value on my investment as part of doing business.
Pardon me for not getting too excited about these conference calls anymore but after 15 years of all these lofty projections with no follow through, I don't think you should expect much more excitement from me.
But let's not forget, of the $20 million that we supposedly got in that deal, $12 million of it was used to buy what is most likely a bunch of worthless patents.
I'm certain that we will find that the old shareholders are the proud owners of a bunch of junkie patents and the new shareholders, the Chinese guys unloaded a bunch of junk.
I think we can both agree on that point. They obviously saw something worth investing $8 million then. My disappointment of courses that 50% of my investment was taken away and redistributed. No matter how you slice it a two-for-one reverse split cost all of us half of our invested dollars.
Shareholders sacrificed, management profited. A 20 person organization generating $5 million does not sound like a very successful organization. No where's near enough sales per employee.
I have made the point many times over the years that this company is worth more as a tax loss carry forward if we were acquired by a profitable company. I haven't done the calculations lately but I would still venture a guess that will worth $.30 a share as a tax loss and bankrupt to somebody else.
I'm not sure if I'm confident or foolishly optimistic that we might see $.30 a share one day soon. I'm doubtful we will receive much beyond that. And by the way, if they do a four to one reverse split you could pretty much see the stock cut in half once again. I've never seen a reverse split work.
Forget the NASDAQ, you can't get there. Just go out and sell some stuff please. Maybe if we sell something, people will consider investing in this company again.
Bio key needs customers. I think it's time we start looking at developing far more customers than we do. We continue to want to target only a few big companies.
I would like to have seen them turn a profit to. Unfortunately, all we've gotten his lip service about how wonderful things were over the last seven years.
If I could collect a dollar for every time I heard a bio key executive tell me how great things were and how we were turning the corner, I'd be a wealthy man without the stock.
Unfortunately, they have failed every year since FBI in producing any significant revenues or making any customer breakthroughs.
Sorry, but I'm just a cranky old investor that's lost over $400,000 and spent 15 years of my life waiting around for this so-called success.
I think pay-for-performance is fair and we have underperformed. The free options they got whether they're worthless or not should be turned back because they certainly are not deserved.
Let's face facts, the individual shareholder has no value to this company any longer. It's all about management and all about their Chinese guys.
Should bio keys executive management consider a move similar to that of capstone turbine. Their executives are turning back all there freebie options because of poor performance.
Bio keys share price is pretty close to a 15 year low and the executives are still getting paid a lot of money with bonuses and stock awards. Does anybody think that's really warranted or deserving based on the overall performance. BIO key shareholders have lost a very significant part of their investment. Most of us between 50% and 75% of the money we invested in this company.
I continue to be quite concerned over the total lack of trading in the shares of this company. Anybody else have that concern?
The fourth quarter and year-end Financial report is two days away and I can't remember when the last day the stock traded any shares. Maybe I just don't pay enough attention to it anymore but I don't think we've traded in weeks.
Supposedly, we're going to meet guidance but based on the activity of the stock and the total lack of news, it seems like bankruptcy is closer at hand. I realize we raised a lot of money and have a reverse split on the horizon but my concern is growing that it will be a 12 to 1 reversed split versus a 4 for 1 reverse. Unfortunately, once the split takes place, you can pretty much count on the stock Price dropping and half by 50%.
Is there anything encouraging happening with this company?
I'm not sure why this company looks attractive to you, they have no revenues, they have 11,500 shares in the float according to Yahoo finance which means there's no shares to trade. The low flow is what would drive the wild swings in share price They only have $8000 in cash.
My big question is what drove the stock price to about eight dollars a share? I'll look at the website later and see what it is they actually produce. Look at their company overview indicates they would probably be more of a customer a bio key to utilize our product in their equipment.
I installed a bio key side swipe sensor on my computer yesterday. Incredibly simple to install and works like a charm. No more having to log into my computer all the time, just a swipe of the finger and I am logged in instantly.
I can't wait for the day that I can have this technology available so I am able to log into everything that requires password protection. My home alarm system, how great would it be to walk into the House and swipe a finger to arm and disarm the alarm system. No more punching in the code numbers. Why is it taking so long to get this technology adopted to a wide variety of applications.
How many free shares did we give away this year?
Are stock price didn't go to zero this year so management done good.
Well I thought I saw them announce earnings date but, don't mind me it's only the drugs talking
Nice volume this morning, very bullish, nobody wants to sell anything. Nobody wants to buy anything either.
What's wrong with this picture?
Proud to be a bio key shareholder. I could lose money on a lot of stocks but I chose this one.
I thought they announced earnings for sometime next week
Very exciting opening this morning at $.12. Can you imagine where we would be if we were not the leaders and biometric authentication?
BIO key international, once again, if there's another closing low to be had, we will find it
THANK God we are leaders in biometric FP
Mobile world Congress must be a huge hit, we are up 8/1000 a penny on 1200 shares, I think we're on our way.
Still above water on my 2007 pre split shares.
And the good news is, I'm still positive on the shares that bought back in 2007 at $.06 which of course was at a pre-split price. Hopefully I will still be able to make that claim at the end of next week.
Maybe it's just me, but I think something has gone terribly wrong. Thank God we're still the leaders in biometric fingerprint technology otherwise I don't know where our stock would be trading.
Look up the definition of insanity, doing the same thing over and over and expecting a different result.
Nothing different here.
What kind of revenue can we expect to see from this opportunity with 2FA? Any sense some specific timing?
That's great but I'm really looking to get more specific on what these opportunities are worth. Can we defined significant, 1 million 10 million hundred million?
It's time to start getting more specific and provide shareholders and future investors more details on what kind of opportunities and revenue streams that will generate profits.
Profit scout, do you have any idea what this 2FA opportunity is worth in terms of revenue dollars?
Over the years, BioKey has announced great number of significant top tier companies to work with. The big problem is we never know what kind of revenues are really available. If I were to list all of the partnerships and opportunities at Fio key is announced over the years, the list would be staggering. Problem still remains revenues.