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Technology Stocks : BIFS ... Patented Environmental Cleanup and Low Float Co. -- Ignore unavailable to you. Want to Upgrade?

To: Douglas Simpson who wrote (206)	11/6/2000 8:53:30 AM
From: scion	Read Replies (1) \| Respond to of 381

Incompetent though they may be, both Keyser and Knabb have made a lot of money, and I suspect Harding Asset Funds may have made a great deal more. SWOMI is not their own technology, if it really exists at all.... Biofiltration Systems (OTCBB: BIFS) FinancialWeb's initial Suspicious Stocks report, published August 25, exploring BIFS focused on the source of the company's "breakthrough wireless Internet technology." The issue of "who controls the technology" is extremely important in establishing an "economic value" for BIFS stock. If BIFS or its subsidiaries do control access to this technology through patent protection, and if the technology is substantially preemptive in this industry segment, then BIFS stock could have substantial economic value as a result of its potential future earnings, both direct and through licensing. However, if the SWOMI wireless Internet is really based on a technology that is under the control of some other entity, then BIFS is merely a distributor. That would mean that the company's potential future revenues are much lower and the likelihood strengthens that other entities also will begin distributing the same technology to the same customer base. Although the company has issued several press releases since August 25, none have answered this question in any way. The only other issue is whether the SWOMI technology really offers a significant improvement versus its competition. BIFS would regain credibility if the various claims made by the company about its capabilities were confirmed through third party testing by a recognized independent authority. Statements from casual viewers who have only seen SWOMI in a staged "product demonstration" do not adequately answer this question financialweb.com financialweb.com