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Microcap & Penny Stocks : Saflink Corp. (ESAF) Biometric Software Provider
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To: Bob Brooke who wrote (3429)4/12/1998 9:35:00 PM
From: Michael A. Hursh  Read Replies (3) of 4676
 
Where is everybody? We've had the weekend to read the 10-K. I'm interested to hear from Jaffo and some of the long term holders of the stock who may have a feel for the situation. It looks to me like NRID is running out of money. Nothing new there. Every 12-18 months they run out of money and need to go to the well again but with the payment due Cogent in April and the settlement of the law suit payable in April they could be out of cash in the next 2 weeks. Didn't management see this coming? Or did they see it coming and the well is just dry! Jaffo has always been a big promoter of Mr.G and he has impressed me with the direction he has taken the company and the alliances etc he has put together but if all he did to manage the company cash flow in the last 6 months is to lay off 10 people last fall when this was on the horizon than he screwed up. Has anybody talked to the company? Has the company ever gotten this close to the edge before? What are the companies options? Why settle the lawsuit and pay out $300K now? If they wait and go to court in July at least they keep the money and buy themselves another month to make something happen. Jaffo, you haven't posted since April 1st. Are you still in our did you step out?
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