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


To: Sten Frelles who wrote (440)11/8/1998 7:25:00 PM
From: Turs  Read Replies (2) | Respond to of 543
 
Bought this company during the bankruptcy reorg. Got some warrants and was actually able to make a profit by selling at an average price of about 3 1/2 in mid-96. Was going through old files throwing out stuff and wanted to confirm that this company was dead. I will only post once on this board and will not revisit it so don't expect a response to any replies to this post:

This company is done. They are liquidating all of their assets and any proceeds received will only go to pay back creditors (and not in full). So, your shares are worthless and, unlike the last bankruptcy, there will not be another reorg. So, there really is no more news to anticipate. Shareholders will be getting zip. Your next move should be to claim a capital loss on your '98 tax return.



To: Sten Frelles who wrote (440)1/7/1999 6:42:00 AM
From: Green Receipt  Read Replies (1) | Respond to of 543
 
we tested out their 'liquid platen' and found it to be one of the best as it never left a ghost image and the image was very clear, ususally no smudging. However, we didn't use them because at the time, they didn't respond to our RFP (because they were lacking capital and in bankruptcy).

They have good technology, but the company isn't active anymore. For a long time we were hoping someone would buy them out and acquire the technology but that never happened.

I sold my shares last year and took the loss (to offset my gains).