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

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To: Minos who wrote (4010)11/23/1998 7:29:00 PM
From: bob jordan  Read Replies (1) of 4676
 
Minos,

Seegnomi (Greek for sorry) Anywho, how to get out underneath the spectre of Clearwater is a problem. They can convert at 14.25 a share (the currently have 225k or so preferred shares) OR 85% of the bid price average for the last couple of trading days. So you can see, when there is a great rise up, there will be huge incentive for Clearwater to convert. I think a lot of questions you have will be answered if you read the 10Q. Go here:

freeedgar.com

Then look up NRID.

As for the "it can only go up" prediction, I hope you are right. But don't be so quick to discount the downside potential of this company. Don't forget that as it currently stands NRI does not have enough money to finish out the year. That is five weeks away. One thing is for sure: We are going to know what is going on real soon.

Regards,
Bob
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