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Microcap & Penny Stocks : IDID Alternative! (Biometric Indentification)
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To: RONALD H. RUST who wrote (178)8/15/1996 10:51:00 PM
From: Dennis Shiley   of 181
 
RON: Before I provide opinion on FINX, I should advise you that I own the stock. However, I also own IDX. I consider them to be at opposite ends of the risk/reward spectrum. FINX is the higher risk, but I am expecting a much better rate of return.

If the EDS and IBM tests of FINX's equipment go well, I expect orders to follow soon. I really do not expect the tests to produce any serious problems since FINX has been building on it's experience with wet-platen technology for many years. It is a sad commentary, but FINX was the industry leader in the 80's because of their superior technology, but they had incompetent management. The result was Chapter 11 reorganization.

Since FINX only has a small number of shares outstanding (approx. 5 million), it will not take much interest to move this stock. I have already seen it go from under $2 a few short months ago to just shy of $5 on very light volume. Recently, it has retreated to the low $3 range. That seems to be the result of a pullback for the whole sector.

FINX's new management is producing some excellent results and I think this is going to be a great turn-around story. Those that get in early will profit the most. There is risk, so the faint of heart should watch from the sidelines or invest only what they can afford to lose.

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