A couple of interesting comments from IDCOE filings:
Subsequent to December 31, 2004, the Company completed an equity private placement of $1,000,000 by issuing 1,000,000 units at a purchase price of $1.00 per unit. Each unit comprises one share of common stock and two stock purchase warrants. Each warrant entitles the holder to purchase one share of common stock at $1.25 per share for the first year after the closing of the private placement, and $1.50 per share for the second year. $300,000 of $1,000,000 proceeds was received as at December 31, 2004.
Another report:
We anticipate that we will start generating revenues from the sale or lease of our biometric identification and authentication systems within the next three months, but, we are not in a position to predict whether we will be able to generate sufficient sales revenues to meet operating expenses
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If the second statement has any truth, an initial order would get things moving. From the first statement above, would appear those on the inside see a minimum $1 a base value.
Studying the time and sales today, there really looks like a base in the .68 to .72 area. may look for a reasonable profit on my shares and then exit. Perhaps in the $1 area. Waitedg
