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

To: brad greene who wrote (4091)	12/18/1998 9:10:00 AM
From: Minos	Read Replies (2) \| Respond to of 4676

Yes, it appears that there are now 16 million shares....but I'm confused. Do the 9 million additional increase the float...or are the shares privately held or a different class of stock? Anyway, who's selling the news and who is on for the longer-term ride...and can we now expect P&Ders?? good luck all... -Minos

To: brad greene who wrote (4091)	12/21/1998 1:21:00 PM
From: David	Read Replies (1) \| Respond to of 4676

Number of NRID common shares outstanding . . . Based on the PR link in Brad's post, and a little arithmetic analysis, after the 100,000 warrants are exercised by Clearwater, there will be a total of 16,773,024 common shares, give or take 5590 shares. To get to this point, I established ranges for total common shares for each of the three percentages given in the PR (to six significant figures), and determined what sub-range of the three ranges was held in common. Yeah, we IDX people have time on our hands these days. Don't say I never did anything for you.

To: brad greene who wrote (4091)	12/21/1998 10:47:00 PM
From: David	Read Replies (3) \| Respond to of 4676

Has NRID fallen into the hands of vultures? I mean, this thread is quiet, IDX is quiet, we have nothing better to do, right? Here's the thesis: Look at the PR link in post 4091 and start going through the arithmetic. The new owners paid $2 million and in return got 9,055,848 shares of stock and control of the company. (According to my calculations, they already owned 666,667 shares before this deal.) In other words, in addition to majority interest, they paid 22 cents a share at a time when the stock was selling for 62.5 cents a share. Furthermore, they and existing stockholders give out 100,000 62.5 cent warrants to Clearwater to make them go away. In return, the existing stockholders get: (1) a quick runup in the stock price and an opportunity to sell (but I assume Sheldon, Bob, etc., are still in -- so we don't have to include this one); (2) the elimination of the Clearwater deal; (3) the promise that the new shares cannot be sold in the US; and (4) the hope that NRID will have time to hang on until the biometrics market arrives to save the company. Now, I'm no expert on this -- and I'm sure you will correct me if I'm wrong -- but what is stopping these new guys from selling stock to foreign ownership just as long as the price stays above twenty two cents a share? True, you don't face more dilution a la Clearwater, but this latest deal is pretty darn dilutive, and has the potential to drive down the stock price again and, I think, for the last time. Because if the new owners are not interested in the long term health and well being of the existing stockholders, but are only in it to skim some more money out of this operation (and that is my thesis here, please let me know if you agree) . . . then they just need to find new believers offshore or in Canada. How many shares do they need to sell at $1 or so to recoup their investment? Not all that many. That would take care of benefits (3) and (4). We'll know pretty quickly after January 1.