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Microcap & Penny Stocks : Saflink Corp. (ESAF) Biometric Software Provider

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To: Bob Brooke who wrote (2269)10/30/1997 10:42:00 AM
From: David  Read Replies (1) of 4676
 
Bob,

You and I are different types of investors. I'm not willing to put money in startup situations -- or invest in options. Way too high a risk of losing to go with a chance of a higher upside. Too much like Las Vegas. (I wouldn't have been in IDX when it was three, like Brad.) I'd rather buy and hold good bets in growth areas.

We completely agree, though, that the main unknown is the risk of whether there is a commercial biometrics market or not. That is the issue for these stocks. If there is a market (and we think there is, or we wouldn't have money in these companies), I think IDX has a much better chance of succeeding in it than weaker competitors.

IDX is making profits on the two bank deals, and we will see what happens with Sylvan and Oracle. If those two deals don't work out, well, then IDX and the others probably don't work out, at least for the foreseeable future.

I wouldn't be happy with a buyout of IDX. I'd like Brad's prediction of a $200 stock (a $5 billion company) to come true, and I'd hope to still be in the stock to enjoy it. But I'm not aware of lurking potential large competitors with key patent positions. Who do you have in mind, and what kinds of patents?
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