Novateqni CEO accepts shares in lieu of loan repayment

NovaTeqni Corporation has reached an agreement with the company’s CEO and largest shareholder, Gerhard Mynhardt, regarding a $380,302 loan advanced to the biometrics and secure payment technologies firm. Myhardt has agreed to accept 2,535,347 common shares in the capital of NovaTeqni at a deemed value of $0.15 per share in lieu of the repayment of the above-noted loan. Assuming the closing of the shares for debt settlement, Mynhardt would own 45.9 percent of NovaTeqni’s outstanding common shares. The closing of

Biometrics industry stocks this week

As the biometrics industry continues to grow, Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each week for a rundown of the financial news and interesting ideas from the week that was. Are stock indices ready for a pullback? As markets continue to trade near record highs some suggest there are signs the trend could be at an end. One analyst pointed out the S&P 500 recently

BIO-key to host Q3 2017 investor conference call

BIO-key International will issue its Q3 2017 results after the market closes on November 14 and will host a conference call to review its Q3 2017 results, business progress and outlook on Wednesday, November 15 at 10:00 am ET. Chairman and CEO Mike DePasquale, CFO Cecilia Welch and COO Barbara Rivera will be participating on the call. Yesterday, BIO-key announced that its line of TouchLock biometric and Bluetooth enabled padlocks and bicycle locks is now available for purchase in the

Biometrics industry stocks this week

As the biometrics industry continues to grow, Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each week for a rundown of the financial news and interesting ideas from the week that was. Markets continue to trade near record highs. Why this continues to be the case was the subject of an interesting letter released this past week by controversial, high-profile New York-based hedge fund manager David Einhorn,

Biometrics industry stocks this week

As the biometrics industry continues to grow, Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each week for a rundown of the financial news and interesting ideas from the week that was. Thursday was the 30th anniversary of the Great Market Crash of 1987 when the Dow registered its largest single-day decline ever. Markets sold off sharply the day before the anniversary, as well as Thursday morning.

Biometrics industry stocks this week

As the biometrics industry continues to grow, Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each week for a rundown of the financial news and interesting ideas from the week that was. Stock markets continue to trade at record highs. Financial analysts point out that broad market indexes have not suffered a decline of more than 3% since November of last year. The last time there was

Biometrics industry stocks this week

As the biometrics industry continues to grow, Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each week for a rundown of the financial news and interesting ideas from the week that was. On Tuesday Google held a showcase to introduce its latest hardware. The company hopes to create a space for its products in the burgeoning ‘home IoT’ sector. Among the devices is a tiny camera, the

Biometrics industry stocks this week

As the biometrics industry continues to grow, Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each week for a rundown of the financial news and interesting ideas from the week that was. -U.S. stock market indexes sold off earlier this week. The declines were led by fairly sharp plunge in technology shares. One of those tech companies selling off was Apple. It seems investors were spooked by

Biometrics industry stocks this week

As the biometrics industry continues to grow, Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each week for a rundown of the financial news and interesting ideas from the week that was. What a weird couple of weeks. Stock markets continue to hit record highs. The Dow Jones Industrial Average, the MSCI All Country World Index and the S&P 500 all continue to arc into uncharted territory.

Biometrics industry stocks this week

As the biometrics industry continues to grow, Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each week for a rundown of the financial news and interesting ideas from the week that was. -Gemalto N.V. reported earnings this week. Management blamed weak demand in the U.S. and a slowdown in its removable-SIM card market for the non-stellar results (goodwill on the SIM business was written down, registered this