I don’t mean to burst your bubble Ash but debt is not the problem with BIO-key. We have solved our debt problems very effectively for the past 18 years by issuing more stock and diluting the share value, Reverse splitting the stock and illuminating debt.The real issue is sales. We need to actually sell stuff and that has been the problem for as long as I have been around.
Really boils down to reoccurring sales and orders and that is where our failing is. We secure a small order but I am hard-pressed ever see a follow up order. For this company to truly survive and thrive for that matter, we need to have a consistent Q over Q increase in sales growth.
That’s the bad news, the good news is we have an insider that has committed to buying shares at $3.60 per share. What I don’t get is why the stock can’t even get close to $3.60 a share given an insider that has put his money where his mouth is. That to me is incredibly powerful and very bullish. Unfortunately the invested community doesn’t seem to believe it.
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