Biokey International Inc (BKYI)

[jonQ]

Warrants, I suspect the investors that are buying shares at $.62 also have the option to buy warrants at some price perhaps $.25 or something like that I’m not sure how the deal would be structured but essentially the new investors are going to get lots of free B or low priced stock.

I’m an early investor in a new company that has not gone public yet. I am buying shares pre-IPO at a significantly reduced price and I also have the option to exercise warrants at The same price I paid for the pre-IPO stock. I have that option for two years after the IPO. Warrants are not available to investors other than those in the pre-IPO or institutional investors.

This particular case, I bought 30,000 shares in the pre-IPO which entitles me to 25% of that amount in warrants. Another 7500 shares. And of course the best part is I don’t have to commit to those shares until I exercise the warrants. Trust me, it’s a sweet deal for these guys and Mike was Nice enough to give it to them at shareholder expense.

BIO-key management gave a crap about their longtime retail shareholders, they could’ve put together a very nice incentive packages but they’d rather treat us like suckers and pet the pockets of their friends.

Welcome to the BIO-key suckers club