Sequiam Biometrics (fka SQUM)

[knowlesmsncom]

Quoted by some as the stock of 2008!!!!!!

Burned to the ground on On April 17, 2008, when the Court entered an order granting relief from the automatic stay to the Company’s secured lender, Biometric Investors, LLC. (“BIL”). The order further allows BIL to exercise all available in rem possession against its collateral and foreclosure against all stock pledged and all Trademarks and Patents owned by the Company.

http://www.secinfo.com/d1298p.t1.htm#1stPage

"Its rival bioMETRX Inc. argued, however, that Sequiam has burned through too much money without producing enough results. "The reality is Biometrics Investors has loaned Sequiam all that money, but Sequiam has no real means to pay them back," said Lorraine Yarde, chief operating officer of bioMETRX, which is based in Long Island, New York."

http://hsdailywire.com/single.php?id=5818

All assets of Sequiam are now transferred to its rival bioMETRX Inc.

Sequiam is now the toilet stock of 2008.........