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

To: Minos who wrote (4393)	4/22/1999 12:53:00 PM
From: bob jordan	Read Replies (1) \| Respond to of 4676

Minos, Yes, the authorization of new shares has me on alert as well. It seems most probable to me that they would be needed to make some kind of crappy financing deal. If I am wrong, however, and they get a good financing deal (say from RMS), then I would be a lot happier, but I still don't why they would want the authorization of more shares if they are not planning on issuing them... Maybe they want management bonus stock option plans?? (More than they currently do...) Until I hear what is going on with financing, I am going to be on hot coals with NRI. Maybe I will be in worse shape after I hear about financing, but that is besides the point... But lack of financing has happened before with NRI, so I am not terribly worried. In fact I am kind of optimistic about NRI: They have a new pricing scheme, which works MUCH better, they are now going to have whatever API is accepted integrated into their product, and hopefully they will get cheap hardware (fingerprint scanners) soon, which would complete the puzzle, and allow for sales and the end of stupid financing that kills stock price. That having been said, NRI is a risk stock, as it has always been. Hence, you should only invest risk capital, and expect a lot of up and down. I agree there is a point where the downside appears too high to risk continuance in the stock, but I don't think we have reached it yet. But, then again, if I had a dollar for every time I was wrong about NRI, I could finance the company until 2032. Regards, Bob