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Microcap & Penny Stocks : FINGER/MATRIX (FINX) -- Ignore unavailable to you. Want to Upgrade?

To: Linda Kaplan who wrote (422)	7/17/1998 11:09:00 AM
From: Richard M. Dopk	Read Replies (1) \| Respond to of 543

I know that there are five or six of you out there who read this thread and who are probably looking to me for answers because you think I might have them. I know next to nothing about the stock market because Fingermatrix is the only company I have bought over the years because I believed in the future of this process, their level of patents and the people behind the company. In 15 years, it has cost me $250,000 in the crash of 1987, and nearly $400,000 since. Nearly all lost. Recently, it has cost me my health as I near retirement age with nothing left. My kids have also been badly hurt. In that context, I can tell you that I have not talked to anyone and honestly don't know what is happening..but I can, like you, speculate (educated guess). Last week as it got down to approximately .04, I did a rough calculation of what it would cost to pick up 200,000 more shares. Not much. But I didn't. I couldn't. The only thing the company has remaining are the patents ( why has nobody been willing to grab the up?) and the loss carry forward of nearly fifty million. Up to now, nobody has been willing to put up even 1 - 2 million to save the company. The price rise of the past few days in troublesome at best. It could simply be someone scooping up large blocks on a wild bet or.. as I suspect, it could be that someone is now willing to put up some money to fund the company...in which case I would bet on another reverse split of the current outstanding shares. If an insider were to have been privy to this possibility, they would scoop up large numbers of shares cheaply so that the reverse split (which will elevate the share price) would insure a continued large block of stock while those of us who didn't know would be left with vary few shares and very little potential of recovery of our investment after the split. I hope that it isn't the latter and that there are not people who jump in and take advantage of the rest of us prior to an actual announcement. It would be very interesting to learn who has been buying over 15 % of the outstanding shares...and what do they know that we don't....and how did they learn it?? The next few weeks will be interesting. Perhaps we should simply be grateful that there is anything going on at all...Perhaps we should ask deeper questions. At this point, we are all fairly beat up. It is interesting that it appears to be fading back this AM.