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Microcap & Penny Stocks : Saflink Corp. (ESAF) Biometric Software Provider -- Ignore unavailable to you. Want to Upgrade?

To: Gutterball who wrote (2328)	11/10/1997 1:20:00 PM
From: Gutterball	Read Replies (1) \| Respond to of 4676

Things don't look good for NRi near term, and I do mean "i". They have enough cash to finish the year. After that, it's more S-3 financing. Look for more preferred stock to be issued before years end--how's that for a Christmas present? Their latest 10Q indicates 106,250 shrs of the Series C Preferred Stock (350,000 shrs aggregate) were converted in September. Not even 1/3 the pain has been experienced and NRID is down to 5/8. Folks, it time to be thinking about reducing positions. Note: you'll be able to buy your position back much cheaper before all this is over--this is very important point neophytes often over look. One piece of good news in the 10Q is that Shevel was removed from NRi's board. I've long argued that consultants should not serve on the board--it appears Santangelo agrees with me as he took Shevel's place. Appears Santangelo has stepped in to protect his interests and RMS's. Between Forstmann and Santangelo, they control NRi--which means all you little people don't have to bother with proxies. My call to reduce NRi's HQ to a phone booth on the corner is in line with their earnings. Something they ought to be thinking seriously about as it is about the only thing that will keep this company alive. BTW, Anybody take me up on AKLM? It's getting away. Ahh, to ride a winner for a change. More later, maybe. I'm out of here!

To: Gutterball who wrote (2328)	11/10/1997 2:50:00 PM
From: Gutterball	Read Replies (1) \| Respond to of 4676

THE NATIONAL REGISTRY INC. CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) (IN THOUSANDS) NINE MONTHS ENDED SEPTEMBER 30, 1997 1996 ------------ ------------ Cash used in operating activities: Net loss $(5,548) $(4,985) Adjustments to reconcile net loss to net cash used in operating activities: Compensation applicable to stock option grants 45 119 Depreciation 420 359 Changes in operating assets and liabilities: (Increase) decrease in assets: Accounts receivable (198) (532) Prepaid expenses (57) 79 Deferred charges (3) 125 Inventory (355) 143 Other assets (28) 12 Increase (decrease) in liabilities: Accounts payable and accrued liabilities (243) 283 ------- ------- Net cash used in operating activities (5,967) (4,397) ------- ------- Cash used in investing activities: Purchase of equipment (462) (727) ------- ------- Net cash used in investing activities (462) (727) ------- ------- Cash provided by financing activities: Issuance of common stock for services 323 -- Issuance of common stock -- 244 Issuance of preferred stock 6,397 7,134 ------- ------- Net cash provided by financing activities 6,720 7,378 ------- ------- Net increase in cash and cash equivalents 291 2,254 Cash and cash equivalents at beginning of period 914 178 ======= ======= Cash and cash equivalents at end of period $ 1,205 $ 2,432 ======= =======