Tuesday, March 13, 2012 10:37:00 AM
From the PR you cited, Dated 8 Feb 2012
"The Company expects to finalize the audit within the next three months."
But based on past experience this is not unexpected. They have a tendency to move events into a future time frame. They are very good at it. After all, practice makes perfect.
Also notice, there is still no promise of when, hence the use of the word "expects". (wiggle room ??)
As as far as a "first demonstrable proof of concept using our proprietary iris recognition application. We will be presenting it publicly in Q1-2012 to invited investors, venture partners and customers."
Q1-2012 ends March 31, just 18 days away.
What will we see :
1. Demonstrable proof
2. PR delaying the demonstration
3. Silence
There are good companies with a bad stock and.. bad companies with a good stock. The key for success of either is the management!!
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