Replies to post #5193 on Biokey International Inc (BKYI)

[ash111]

JonQ, Can't agree more. I also believe a buy out possibility also by Microsoft. Edward Schwartz wrote in S.A article a while ago that "the Bio-key fingerprint algorithm is among the most accurate and fastest available. This was validated by The National Institute of Standards and Technology (NIST) (part of the US Dept. of Commerce). NIST is statutorily mandated to verify biometric technologies for performance bench marking and standards compliance". "Bio-key's algorithm is the only fingerprint sensor and operating system agnostic matching algorithm available. This means that it works with any fingerprint sensor...It is also inter-operable between operating systems and server architecture. This combination of attributes makes the Bio-key platform more flexible and less expensive to deploy in the market". 

a/o today we also know that it works well w/Windows (see recent contact),and selling on Amazon https://www.amazon.com/BIO-key/b/ref=bl_dp_s_web_14766363011?ie=UTF8&node=14766363011&field-lbr_brands_browse-bin=BIO-key ;
I also think that past week Wong action (purchased at $3.6/sh) 
is a very strong commitment. awesome earnings and C.C w/several major Catalysts. 

[jonQ]

I’ll take the strategic value of china gold Joy acquiring BIO-key for the NASDAQ listing even one step further.

I have been suggesting for long time that BIO-key has a significant value in its tax loss carry forwards. I would estimate that was to be worth roughly $80 million gross but probably more like $20, million-$25 million net. Although I recognize that some of those loss carry forwards will start to drop off because of time and dating. I still say they’re quite valuable to acquiring company.

I’ve been getting information about this from some pretty savvy CPAs that work for major accounting firms. Tax accountant pros to be specific. Maybe someone else can weigh in on their thoughts on the subject.

Wong isn’t buying up the stock at a significant premium for no reason.

It could happen, wouldn’t be the first time. Several companies have used this strategy before.