I consider this to be a significant break through as the financial companies understand the importance, perhaps more than anyone, of being able to secure ID people for electronic transactions. I believe that BKYI is considered to be a more expensive "high end" product, one which these companies know is money well spent. Other applications can get by with cheaper, less effective, products but you know this "company" apparently quite large, did it's home work and then chose BKYI. Reminds why I got in to begin with. Years ago Lockheed Martin did a thorough vetting of all the major players and chose BKYI as the most advantageous of all the products. Not the cheapest. Anyone who understands what's at stake with these large financial institutions will tell you that secure and accurate ID is going to be huge and these institutions cannot afford to buy anything but the best to stay in business. I believe, as Mike would say, that we are "at an inflection point !" (albeit another one)
Just another agreement without any committed business. Who cares that we can POTENTIALLY do business in this new agreement. How many of those do we have now that don't really produce any revenues? Maybe this one is different, but untill we see the numbers a few quarters from now, who knows?
I am not surprised at all by this. If you read the "Combination" deal and how it was structured it was quite complicated and involved a number of (4 or 5) different entities coming together. I can imagine this to be a nightmare for any auditor. Not to panic. We may even be pleasantly surprised to find out we are close to breakeven. (I doubt it but we can dream.)
FWIW - I contacted the company by e-mail last week and got the following response within an hour. It was informal and short but basically says the same thing. "the subsidiaries are still operating. major decisions regarding financials will be disclosed to shareholders through means other than replies to individual inquires.
thanks for your support."
At least they are paying someone to answer their e-mail.
Wouldn't be benefitial for Rickert to follow up with some particulars on this new "patent pending" product ? Surely they have something of a technical nature that would enlighten us as to how this new product works and how they plan to demonstrate/market the new product(s). The statement as made only serves to evoke more questions about it. How about a few nuggets of technology and how they make this new product a huge game-changer in an otherwise mundane world of cleaning and disinfection products? Is there a copy available of the patent write-up? Please direct me to it if known.
I'm not even sure that WE know how to do it. Rickert seems very poor at communication. He sounds very unprofessional and vague regarding this "technology". He needs to get out of the way and let someone with some professional marketing skills write these announcements. I'm sure there is an impressive technical write-up about this patented technology. Why not use that? This just sounds bush-league to me. Some one needs to tell him he's not very good at convincing people that we really have something here!
Please! I'm very disappointed in this new "face" we are painting for the investment community. They will not take us seriously if this continues.
Here's my questions: Can he/she verify anything regarding ABAT activity or not at the facility they are supposedly retooling? Are there any employees still working there? Pictures would be helpful.