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Microcap & Penny Stocks : Delsecur or Grandeur (GDER-OTCBB) DEL-ID for Ecommerce

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To: GERBER who wrote (338)2/26/1999 11:46:00 AM
From: Rob S.   of 384
 
I don't expect any news to come out until around May. This company has been naive about what it will take to get the product into the market. CRIM recommended to them that they build several units and have an independent authority, such as the University of Michigan, do a study on them. They need more than a few prototypes and their own evaluation. So far CRIM has not come out with their findings. They haven't said why but probably because they do not feel comfortable with delSecur's data. The only way to prove that this device works in field situations is to test it independently.

They also are naive in thinking that OEMs will pay up front and commit easily to production. However confident they are that the product will prove out, it will take field trials before they are likely to get commitments for production. Be prepared for further delays and a drop in the stock price. If the product proves viable, then and only then will the agreements follow. The stock will either be worth nothing or several dollars per share. For the next few months it is a gamble.
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