Hello Ken,took a quick look at NRID. Interesting technology,of which I don't know much about (have heard of the retinal scanning-infact,I heard on the radio not to long ago that someone was trying a biometrics system in Boston ,can't remember who though).
Obviously being ICSA certified is a plus and probably a must in that business.
The only thing I don't like(or don't understand) is, the company reported(last Q) a a net loss from operations of approximately $261,000 and a net loss attributable to common stockholders of approximately $335,000, or $0.01 per share.
Why did the company also report,an increased preferred stock dividend of approximately $74,000 for the 1st quarter of 1998 and a preferred stock dividend of approximately $61,000 for the same period of 1997." ????
Is the dividend a requirement? Doesn't seem as though they should be issuing dividends? Unless it was mandated in the placement of the perferred shares...
All in all,it looks like they are getting ready to turn the corner,where did you get the info on the possible new contract?
DD |
