NRID has put out two relatively insignificant PRs that help explain why its market cap has gone up about $5M recently. First, it noted that an NRID distributor (the Australian gold mining company) was buying $500K worth of hardware from Veridicom for present orders over the next three quarters and for inventory. Since Veridicom will use NRID software, this implies some (but not many) NRID software sales. Second, the Iriscan deal . . . assuming there is a market for Iriscan at its high prices, which is quite doubtful.
Next up, perhaps: Some NRID announcement that it has made IDX equipment compatible with NRID software. This will be about the silliest announcement of all, since (a) IDX will not be cooperating in selling anyone else's software and (b) any buyer of this product would have to pay full IDX price, throw away its software, buy NRID software, and integrate the IDX hardware and NRID software. Yeah, right.
On the other hand, all NRID ownership cares about is juicing the stock price enough so it isn't delisted while they go about unloading their $.22 shares.
NRID out of business for good in 2000. |
