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Re: towelguy post# 6988

Friday, 11/20/2020 5:32:46 PM

Friday, November 20, 2020 5:32:46 PM

Post# of 7425
Thanks for the information but I do understand how reverse splits work.

Problem with reverse splits is that they tend to continue going down after the split. Effective price of BIO-key stock yesterday would’ve been $3.12 I believe if you adjusted for the split. Of course by today’s numbers were down to $2.93 so we did lose ground.

What’s more important to understand is that this is now the third reverse split that BIO-key has done in probably the last two years.

The first split was the one for two reverse and the next split was a one for 12 split now add another one for eight reverse split and the additional lost and share price today. Not pretty.

I understand how the share account works but I would ask you to keep in mind something. Are used to hold 5.4 million shares of the stock. Now after all of the reverse splits I am 28,000 shares.

I have told management several times not to do the reverse split and drop the NASDAQ listing. It has done nothing for us and unfortunately management does business with a bunch of crooks that destroy shareholder value anyway. They profit handsomely off of BIO-key but screw the longtime shareholders and investors in the process.

Keep an eye on the short interest numbers that come out in the next couple of weeks. Right now I believe there’s about a 2.9% short interest. If you see a spike up, you’ll know that our friends at Maxum And the other lowlifes that we do business with will most likely short the hell out of this let it collapse and then cover
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