OOPS! DID VERICHIP HAVE A "SENIOR MOMENT?"
The
company lays out nearly 20 pages of risk factors in its Form S-1 Registration
Statement, a required document for the IPO. But what the company failed
to reveal in its filing may be even more eye-opening, say CASPIAN privacy
advocates Dr. Katherine Albrecht and Liz McIntyre. The pair, authors of
the "Spychips" series of books, have been vocal critics of VeriChip, dogging
the company in recent years and facing down its senior executives on radio
and national television.
"Potential
investors should be told how a hacker can simply walk by a chipped person
and clone his or her VeriChip signal, a threat demonstrated by security
researcher Jonathan Westhues months ago," says McIntyre, who is a former
federal bank examiner.
"Omitting
the cloning threat from its SEC documents is a serious oversight that
could affect the value of VeriChip's stock. This is materially relevant
information, considering VeriChip's claim that its product could be used
to tighten security in facilities like nuclear power plants," she adds.
clipped from: www.newswithviews.com