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05/25/04 8:58 AM

#148 RE: cmf #147

CMF/Paul...re SFLK

1) re Pres/CEO...You're correct...he bought only 10K shares....but he spent his own money. His annual salary is in the neighborhood of 200K. When was the last time SKS or GF bought any shares?
2) re buying in regarding a big contract potential...I agree...I wouldn't go buying on the hope that they will win a portion of that contract...but I WOULD keep an eye on them just in case they are a sub to the major players.
3) SSPX/SFLK merger....Initially, I was against the merger....but as a result of the DD I have done...it has become apparent to me that the future is combininh Smart Card tech with biometrics....and that is what this merger allows.

Sincerely,

Jas