Biokey International Inc (BKYI)

[jonQ]

Absolutely not on the reverse split. I was deadly against the reverse split that we undertook in the past few years not only the two for one but then the 12th one reverse flats are quite honestly what destroyed whatever value was left in this company.

When you look at those reverse split by the way they took us from I think 180 or 200 million shares and reversed it down to approximately 7 1/2 million shares. I think it has been less than a year and a half and they have now doubled that outstanding amount of shares again so all we do is keep the looting the stock. Prior to announcing the reverse split the stock was trading in the $.25-$.30 range and if you now look at it trading at $1.25 R-value has been cut significantly. That translates to roughly$.05 cents a share today. Financial reengineering is not the issue. The real issue is selling something.

The company has no salesforce and Nelle market development to speak of. On top of that company doesn’t have the money to fund the salesforce and there are quite honestly much better ways to develop that market but nobody at BIO-key seems to ever want to listen. Trust me I brought this up to management 12 years ago and they have no interest in listening.

And by the way, just so you don’t think I’m a Monday morning quarterback in the salesforce game, I spent my career in sales force management with some of the largest corporations in the world. Quite successfully I would out so add.