Biokey International Inc (BKYI)

[SeanBoy]

Lon,

Someone deleted my post where I implied that it was your skeptical nature that gives the feeling that we'll be dicarded. I didn't intend that as a personnal attack. I never used the word skeptical, but it should have been obvious. I am also skeptical also. I don't think it's bad.

Okay, here's where the talk of a R/S comes from, it was part of the licensing agreement.

d) Reverse Stock Split . The Company will use commercially reasonable to execute a reverse split (the “ Reverse Split ”) of its outstanding shares of Common Stock with a view to satisfying the minimum bid required for the initial listing of shares of its Common Stock on the Nasdaq Capital Market which shall include the filing of a preliminary proxy statement with the SEC within sixty (60) days of the Closing Date. In the event the Reverse Split is completed and the Company meets the requirements imposed by applicable rules and regulation of the Nasdaq Stock Market for the initial listing of its shares of Common Stock on the Nasdaq Capital Market (the “ Initial Listing Requirements ”), the Company will use commercially reasonable efforts to cause its shares of Common Stock to be listed on the Nasdaq Capital Market. Purchaser understands, acknowledges and agrees that the Company makes no representation, warranty or assurance that (i) the Company will be able to satisfy the Initial Listing Requirements, (ii) in the event that the Company is able to satisfy the Initial Listing Requirements, that its shares of Common Stock will be approved by the Nasdaq Stock Market for listing on the Nasdaq Capital Market, or (iii) in the event that its shares of Common Stock are approved by the Nasdaq Stock Market for listing on the Nasdaq Capital Market, that it will be able to maintain such listing.

I'd like to hear what others have to say about what just happened. I belive it is very positvie and will post more in the following days when I have time.