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Technology Stocks : Identix (IDNX)
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To: brad greene who wrote (6120)1/11/1998 12:09:00 AM
From: David  Read Replies (1) of 26039
 
This EOSC deal can't be evaluated from the press releases . . .

We don't have any information on the quality or type of the product (i.e., minutiae or non-minutiae, etc.). We don't know how many total shares of stock exist in the new company, although I suppose that can be discovered with a little more effort. There have to be more shares somewhere, beyond the 15 million plus issued to the private company with the biometric product -- otherwise, what interest does the public company get in acquiring?

As we all know, in this particular business the easiest thing to do is write a press release. And as a new "development" stage company, they have vaporware.
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