Biokey International Inc (BKYI)

[jonQ]

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.