Saflink Corp. (ESAF) Biometric Software Provider Message Board

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

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To: GoingHikin who wrote (4353)	3/25/1999 12:30:00 PM
From: David	Read Replies (1) of 4676

Why would a company with the money to buy 51% want to buy 49%? Spend all that money and not even get control? And this premise assumes that RMS/Santangelo keep 51%, the new company gets 49%, and everyone else is out. Here's what is more likely: This company is now strongly under insider control. It is not generating profits through sales. The present majority owners got the critical controlling stock for about 22 cents per share. Outsiders can buy it for more than $2 per share. The insiders are setting up things so that they can issue themselves more shares (as options or otherwise) at very low prices, so they can then sell off at much higher prices to outsiders. The company is profitable only for the controlling shareholders, and then only as a short-term financial scheme. Their plans do not rely on NRID making money for the outside minority interests.

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