Biokey International Inc (BKYI)

[jonQ]

6.25 cents per share on a pre-split basis. I would say you can put a fork in this one, it’s done.

Several years ago I advised against anybody voting in favor reverse splits on this company as it would be a slippery slope to the bottom. At that time the stock was trading at about $.25-$.30 per-share putting that in today’s value, somewhere around $6.25 per share. Foolishly, I failed to sell any of my 3.9 million shares with the hopes that they would actually sell something and this company would be a success. I was wrong on all accounts except for the fact that the reverse split would be our dissent to the bottom.

Lost track of the headcount in this company but still believe it is somewhere is around 24 people. It would seem to me that it is time to cut at least 50% of the employees here based on the fact that our sales have not really grown and were hemorrhaging money at an incredibly rapid rate. Out of the 24 people, I think seven of them as vice president’s.

Wow, can you imagine with the company stock price would be leaders and fingerprint technology?