Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jaffo who wrote (2504)	12/14/1997 9:50:00 PM
From: Jaffo	Read Replies (1) \| Respond to of 4676

To All: From a secondary source, I've been told that NRI's phones have been ringing like crazy since last week's HAAPI presentation in San Jose. Seems like HAAPI times are here... Jaffo

To: Jaffo who wrote (2504)	12/15/1997 4:35:00 PM
From: GoingHikin	Read Replies (2) \| Respond to of 4676

Jaffo, I am very excited about the API and what it means for NRI. But I am still concerned about earnings reports for the next year. NRI may bring in increasing revenue, but it could be all wiped out on their 10-Q by the "deemed dividend" to the preferred stock holders. Could you ask Mr. G to explain the preferred stock "deemed dividend" in the last two quarter's 10-Q's. 1. How did they calculate the deemed dividend recorded in the 10-Q's from 1997 and the refiling of the 10-K from 1996? 2. They had to change their bookkeeping to report the "deemed dividend", and knowing that it would way overshadow the growing revenue, why didn't they forsee that their stock price would take a dive as investors looked at the bottom line. 3. And..how could they choose to change their bookkeeping method (And report the "deemed dividend") at a time when they would need to raise revenue through an equity offering. 4. Is there any funny business going on? Thanks, DLevitt