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Re: knowlesmsncom post# 8687

Monday, 05/12/2008 8:03:09 PM

Monday, May 12, 2008 8:03:09 PM

Post# of 8740
On this point you are missing the mark just a little. Annes diary was not Fujitsu's main end user. It was Novell licenses and they did sell 28,000 in the 4th quarter of 2007 for this use.

The problem was that with the crooked hedge funds and incompetent management of Nick and Mark Sequiam did not have the ability to fund the size orders that Fujitsu wanted to have.
Reminds me of a company I saw about 10 years back that one best of show at Comdex. It was called the Qube', the first tablet computer ever invented. They booked $30 Million in orders at Comdex and went out of business because they could not fund the manufacturing fast enough and.....boom Toshiba comes out with a tablet computer 13 months later.

What I find amusing is posters who were banned here are now moderator of BMRX board and don't see the same thing coming. The turn a blind eye to massive debt and dilution. BMRX and Sequiam both have incompetent management and inadequate financial resources to stem massive debt.

More sales at low margins did not solve for Sequiam and it won't for BMRX either.

So the problem was not they could not sell enough of the ScanQ, the problem was as now with BMRX with pathetic finances and management combined with low margins it is a recipe for disaster.

BMRX actually got very litte in the "takeover" of Sequiam by BIL and Crestsewer. They should of focused on correcting the defects in their current product lines and deficient management and finances.

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