Biokey International Inc (BKYI)

[jonQ]

I’ll take the strategic value of china gold Joy acquiring BIO-key for the NASDAQ listing even one step further.

I have been suggesting for long time that BIO-key has a significant value in its tax loss carry forwards. I would estimate that was to be worth roughly $80 million gross but probably more like $20, million-$25 million net. Although I recognize that some of those loss carry forwards will start to drop off because of time and dating. I still say they’re quite valuable to acquiring company.

I’ve been getting information about this from some pretty savvy CPAs that work for major accounting firms. Tax accountant pros to be specific. Maybe someone else can weigh in on their thoughts on the subject.

Wong isn’t buying up the stock at a significant premium for no reason.

It could happen, wouldn’t be the first time. Several companies have used this strategy before.