OT: Jagman - Thanks for your comment on Keystone: Brief summary:
DENVER -- id-Confirm, Inc. (OTCBB:IDCO) announced that Keybase Management, which previously had invested $1.0 million in IDCO, has purchased additional shares. Keybase exercised 800,000 warrants at $1.25 per share, thereby investing another $1.0 million in id-Confirm, Inc.
The warrants were part of the original January, 2005 financing of id-Confirm, Inc. by Keybase. After this exercise, Keybase has remaining 1,200,000 warrants to purchase shares of IDCO at an exercise prices of $1.25 per share until January 9, 2006 and then at $1.50 per share until January 9, 2007.
The shares issued in this private placement have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements of the Securities Act of 1933."
Breif comment: Warrants offer an insignificant overall dilution, and at prices that can only be profitable at a much higher than current price. In discussion with CEO next week the matter of Keybase will likely be addressed. But no concern there .
Regarding my "split FASC/IDCO personality" they say it ain't over till the fat lady sings. Well, the fat lady brought herself to the ballroom. And so far you have been the only one to ask her to dance!!. Popularity is limited when involved in alternative directions.
To my FASC friends, I am still 50% with you. Just am a guy who can't wait as patiently as you. As they say about seniors in my classification - "I'm so old it ain't even safe to buy green bananas." - Waitedg
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