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Alive and well
What Happened?
Divine Madcat: Correct they PR'd the order expecting the order to be fulfilled.
If Cyberkey continues to operate then no issue and good for them. If they go out of business then Sequiam no longer has them as a customer. It is as simple as that.
Life goes on for one company while another dies.
As said before and a lot didn't pay attention, if Cyberkey investors believe in Cyberkey's products, the best course of action would to be looking at the companies making the product they want to resell. Killer cutting edge technology
Again, Life goes on
Fujitsu sounded like some good things may be in the pipeline besides primarily locks and vaults.
I'm sure in due process someone can give you the breakdown of your revenue questionsl. However?
At this point it is like Cal's Sporting Goods going out of business and all of the products being sold continue to be sold thru other retailers. In this case lets assume Cal's Sporting Goods sells Remington firearms. Remington products continue to sell all the while at Walmart, Dick's Sporting Goods, Cabela's etc.. although Cal's is out of business. In this case Cyberkey taking the role of Cal's while being much smaller in comparison.
How Cyberkey did/had advertise in the past was solely at the discretion of Cyberkey. While Cyberkey would have been the one that spent the money. While asking questions you should ask Cyberkey how much they actually spent in advertising over the past 3 months. It had nothing to do with Sequiam. Cyberkey simply advertised the Keepsafe which is different label than Biovault. Cyberkey and Sequiam were never partners! This may be why you are confused.
Cyberkey was just a reseller like the other distributors, Except that CKYS placed an order to private lable the Biovault under their brand they called Keepsafe. BTW, I imagine with Cyberkey's problems the brand name Keepsafe has been tarnished now as well.
One of the issues I tried to ask a few months agao was the price discrepancies available from the other Sequiam distributors for the Biovault. They basically all offered the Biovault at a discounted price to the Keepsafe brand.
It is my conclusion that I would pay less for a Biovault brand versus the higher Keepsafe.
That is not hidden. No never saw any announcement of a split. Basically, Cyberkey paid up front for product. If they were fulfilling the order my guess would be 1/12th of $2.2 million order got filled or approximately $200K. Sequiam 4th quarter was approx $1.2 million. The difference in my opinion was made up between the other resellers. Just an educated guess.
I agree that another reseller will more than likely pick up the loss of business due to Cyberkey misfortunes. It is like if one convenience store goes out of business that sells BP gasoline. I'd bet you can still buy BP gasoline right down the road.
Basically because Cyberkey isn't answering any questions that is why.
Sequiam has more irons in the fire than Cyberkey. If Cyberkey isn't answering questions why do you feel it is Sequiam's responsibility to answer questions about Cyberkey.
I'm pretty sure Sequiam is more concentrated doing business with the likes of like Black and Decker, The NRA, Fujitsu etc. just to name a few. Why do you feel they should be consumed with Cyberkey's problems.
Sequim didn't mention Cyberkey in recent presentation concerning partners and distributors. That in itself should tell you something.
They just raised a measley $220,000 at .035. So does someone else come in and finance further at a higher price?
Too Funny, If you could only record it and maybe the mods could put a player right under JPFinger and he could sing it.
Imagine the traffic that would come to this board if you could see the JPFinger mug with sing-a-long SEC song. Maybe you could record the SEC Song in Bart Simpson voice. LOL!!!
LOL! Woke me up this morning. You could maybe make some money of that version. You better copyright it before someone takes off with it.
Could be a good cartoon ad with Jim/Fingers Mug Shot singing the tune in the IBox
What is company worth?
Correct. So I assume the inventory was being used to finance the advertising and marketing arm of BA?
Yeap, but who supposedly supplied the $2 billion in inventory?
No doubt they were about to fill some orders.
Private placement
Held up well. What do you do when it hits your target price? LOL!!!
I agree some of the revenue was from CKYS in fourth quarter as well as BDK and some of the other Biovault distributors.
However, the PR and order you keep making reference was over a 12 month period. If you broke the 2.2 million order down on a monthly basis you could assume they probably fulfill approx $200,000 a month towards the entire order.
So based on Sequiam's 4th quarter revenue of approx $1.2 million I would assume $200,000 of this coming from Cyberkey as the bulk of 4th quarter revenue all came in the month of December with the balance coming from Black and Decker and other Biovault distributors.
First quarter results should shed more light on this unless payment on delivery is not being made.
It is obvious that Sequiam did not receive cash in hand. Basically, Cyberkey placed an order for a specific quantitiy of product for immediately delivery over a 12 month period.
In addition Sequiam has already filed 4th quarter financials and in no way does it imply in the filing they received the entire payment for the order.
Cyberkey's problems are isolated within Cyberkey.
I understand CKYS received a shipment in December but will probably not be receiving any future shipments until they clear up some issues.
It is really sad J.P. got you guys in this mess the way he did. It seemed the marketing strategy and advertising on the Keepsafe could have been a hit. Now, another distributor will take over and I suspect it won't be called Keepsafe.
Heenster; The third party rumor is bogus. What is coincidental is the fact that Sequiam files an 8-K with new credible investor and J.P. gets thrown in jail the day before.
Yes I did. Notice P.R. today concerning internal investigation. They are gone. Never had anything in the first place.
Gabeh: Yeap, no Google Search on BI LLC
I wouldn't try to predict the price action in the stock right now. You need to research more and post less until you get a grasp on what is going on and the share structure.
As far as calling the direction in the stock price. How is NFI treating you? LOL
Everything I'm holding are free chairs.
From the 8-K filing
The total number of common shares that would be issued to the Lender would represent 40% of the of the number of shares of common stock that the Company would have if all warrants and conversion rights were exercised
Yes 25% plus 15% = 40%
New Managment/Board Representation.
The Company will increase the number of seats on its Board of Directors from three to five, and two Lender representatives would be elected as directors of the Company.
Biometric Investors LLC. Looks like a new investor and managemement could be coming on board.
Nice two day volume. 1.7 million today. Record no doubt. Anybody have correct sharecount and structure on this?
Good Luck reverse the 0 in the 8 and I'm lighter. .08
They can have some of mine at .08
2nd day Volume Surge
Maybe the real deal this time?
RRR, I wish I could help but if you have an account with Charles Schwab I do know they show bid and ask on Level 2 for free with market makers.
I'm not promoting Schwab and don't trade much in Pink and penney stocks. However, I do see actual bid and ask size with market makers in SQUM.
Some of the other penney stocks I notice thru Schwab info is not available concerning Level 2.
Wish I could help more but just wanted to give you the respect for a reply on your question.
CKYS placed an order. Sales are not recognized until product is shipped.
That is correct. Order was to be shipped over a 12 month period. Sales are recognized when product is shipped.
Just listened to Black and Decker Institutional presentation at Raymond James in Orlando this morning. They highlighted Smartscan and restated product will be available in the coming months.
Gadgets for graying set- Sequiam Kwikset biometric lock mention.
Baby boomers demand - and get - big-button TV remotes, no-frills cell phones and computers that start with a touch
By Clint Swett - Bee Staff Writer
Published 12:00 am PST Monday, March 5, 2007
While conducting a computer seminar recently at Sun City Lincoln Hills, Terry Rooney heard murmurs of approval when he showed off a Windows Vista feature that allows users to magnify selected portions of a Web page.
"They were very impressed," said Rooney, president of the retirement community's computer club. "Being able to easily read the screen is a concern for a lot of people."
Indeed, as the aging American population increasingly peers through reading glasses, fumbles with keys and begins to ponder life with hearing aids, technology companies are gearing up new products or adapting existing ones to capture a potentially huge and profitable demographic -- baby boomers.
The gadgets include oversize TV remote controls, simplified cellular phones and computers that ask for a thumbprint instead of a password.
"Baby boomers have driven the economy and consumer demand for about every decade they have existed," said Andrew Carle, director of the Assisted Living/Senior Housing Administration program at George Mason University in Fairfax, Va. "As long as they continue to control the money, they will continue to drive the products that are being developed."
Baby boomers, those born between the end of World War II and 1964, represent a formidable financial force with an estimated buying power of $2.1 trillion a year, according to the MetLife Mature Market Institute. A boomer is turning 60 every eight seconds, and by 2030, 71 million Americans will be 65 or older.
That graying population could motivate electronics manufacturers to diverge from their path of cramming more features and functions into increasingly smaller packages.
They might consider consumers like Ron Niemi, a retired engineer in El Dorado Hills, who's become resigned to donning reading glasses when he pulls out his cell phone or some other high-tech gadget.
And he has no use for text messaging, watching videos or downloading ring tones on his cell phone.
"I'm an engineer and very technology-oriented," he said. "But for me, a cellular phone is for talking."
Niemi represents a target market for the Jitterbug, a no-frills phone developed by Samsung that features a bright screen, large type, a keypad with big numbers and even a dial tone to indicate signal strength.
The $147 device eschews such cell phone extras as ring-tone downloads, text messaging and a built-in camera. And its operators can remotely program phone numbers into the customer's phone.
Arlene Harris, chief executive of Del Mar-based GreatCall Inc., which developed the Jitterbug phone service, said many older consumers are frustrated by miniaturized cell phones with features they find irrelevant.
"The (cell phone) industry has been focused on making handsets into little desktop computers," Harris said. "They've been focusing all their investment and development on people under 35."
Susan Ayers-Walker, who writes on technology for AARP, said most cell phone makers aren't likely to follow Jitterbug's lead anytime soon, at least until cell phone sales begin to flatten out.
"They are still playing to the 12- to 26-year-old market. But the tide may be turning," she said.
Even youth-oriented companies like Nintendo of America may start cashing in on the aging market. Its Brain Age software for the Nintendo DS hand-held console is popular among the silver-haired set, with more than 1 million sold since last April. Brain Age, created by a Japanese researcher, poses puzzles and other mental challenges designed to "exercise" the brain.
Some older Americans also are gravitating to Wii, Nintendo's popular new video game console, which lets users swing the controller to mimic swinging a tennis racket or golf club, for instance.
Hoping to tap the senior market, Nintendo recently featured a Wii booth at an AARP conference in Los Angeles, said Nintendo spokeswoman Amber McCollom. "It was a slow trickle at first, but by the afternoon we had people bringing their friends to show them how to play," she said.
Carle, the George Mason professor, said the range of motion required by Wii video games also appeals to physical therapists, who want to keep older patients mobile. One retirement community near Chicago has a Wii bowling league in its clubhouse.
For aging couch potatoes, a Chicago-area company has developed a massive TV remote control with buttons that measure nearly an inch across.
Donna Bastien, product manager for Hy-Tek Manufacturing, said the company sells about 50,000 of the Big Button units a year, primarily through catalogs and Radio Shack stores.
"Just to figure out what's on a remote control, a lot of people have to get out their reading glasses," she said. "That seems to be the reason a lot of people are buying this."
Remembering computer and Web passwords is a challenge for anyone, but for those increasingly affected by forgetful "senior moments," it's even tougher.
That's why Larry Ciaccia, president of AuthenTec Inc., a Florida-based fingerprint recognition technology company, thinks his technology will appeal to older users.
AuthenTec fingerprint readers are showing up on computers, where users can sign on and enter password-protected Web sites by swiping a finger, instead of typing a password.
"We want to make interfacing with the Internet more convenient," Ciaccia said.
Fingerprint recognition also is being used in a deadbolt lock coming to market in June. The $200 device by Kwikset lets people unlock their door by swiping a finger across a reader, said spokeswoman Cheryl Kramp. Older folks who don't like fumbling with their keys are one potential market, she said, but Kwikset, a subsidiary of Black & Decker Corp., is not marketing to them specifically.
Finally, newer computers have features intended for those with impaired vision. Those little-known features are expected to become more popular as computer users grow older and their eyesight naturally dims.
The newer Windows and Macintosh operating systems allow users to enlarge type, icons and cursors and even read text aloud when the cursor rolls over it.
But many older users are unaware of these features, said Bill Gould, Web manager at Sun City Roseville. "And even if they are aware of it, they don't remember how to do it," said Gould, 73. "One of the fundamental aspects of computer use is that you remember things. With seniors, you can't assume they will remember."
--------------------------------------------------------------------------------
Go to: Sacbee / Back to story
This article is protected by copyright and should not be printed or distributed for anything except personal use.
The Sacramento Bee, 2100 Q St., P.O. Box 15779, Sacramento, CA 95852
Phone: (916) 321-1000
Gadgets for graying set- Sequiam Kwikset biometric lock mention.
Baby boomers demand - and get - big-button TV remotes, no-frills cell phones and computers that start with a touch
By Clint Swett - Bee Staff Writer
Published 12:00 am PST Monday, March 5, 2007
While conducting a computer seminar recently at Sun City Lincoln Hills, Terry Rooney heard murmurs of approval when he showed off a Windows Vista feature that allows users to magnify selected portions of a Web page.
"They were very impressed," said Rooney, president of the retirement community's computer club. "Being able to easily read the screen is a concern for a lot of people."
Indeed, as the aging American population increasingly peers through reading glasses, fumbles with keys and begins to ponder life with hearing aids, technology companies are gearing up new products or adapting existing ones to capture a potentially huge and profitable demographic -- baby boomers.
The gadgets include oversize TV remote controls, simplified cellular phones and computers that ask for a thumbprint instead of a password.
"Baby boomers have driven the economy and consumer demand for about every decade they have existed," said Andrew Carle, director of the Assisted Living/Senior Housing Administration program at George Mason University in Fairfax, Va. "As long as they continue to control the money, they will continue to drive the products that are being developed."
Baby boomers, those born between the end of World War II and 1964, represent a formidable financial force with an estimated buying power of $2.1 trillion a year, according to the MetLife Mature Market Institute. A boomer is turning 60 every eight seconds, and by 2030, 71 million Americans will be 65 or older.
That graying population could motivate electronics manufacturers to diverge from their path of cramming more features and functions into increasingly smaller packages.
They might consider consumers like Ron Niemi, a retired engineer in El Dorado Hills, who's become resigned to donning reading glasses when he pulls out his cell phone or some other high-tech gadget.
And he has no use for text messaging, watching videos or downloading ring tones on his cell phone.
"I'm an engineer and very technology-oriented," he said. "But for me, a cellular phone is for talking."
Niemi represents a target market for the Jitterbug, a no-frills phone developed by Samsung that features a bright screen, large type, a keypad with big numbers and even a dial tone to indicate signal strength.
The $147 device eschews such cell phone extras as ring-tone downloads, text messaging and a built-in camera. And its operators can remotely program phone numbers into the customer's phone.
Arlene Harris, chief executive of Del Mar-based GreatCall Inc., which developed the Jitterbug phone service, said many older consumers are frustrated by miniaturized cell phones with features they find irrelevant.
"The (cell phone) industry has been focused on making handsets into little desktop computers," Harris said. "They've been focusing all their investment and development on people under 35."
Susan Ayers-Walker, who writes on technology for AARP, said most cell phone makers aren't likely to follow Jitterbug's lead anytime soon, at least until cell phone sales begin to flatten out.
"They are still playing to the 12- to 26-year-old market. But the tide may be turning," she said.
Even youth-oriented companies like Nintendo of America may start cashing in on the aging market. Its Brain Age software for the Nintendo DS hand-held console is popular among the silver-haired set, with more than 1 million sold since last April. Brain Age, created by a Japanese researcher, poses puzzles and other mental challenges designed to "exercise" the brain.
Some older Americans also are gravitating to Wii, Nintendo's popular new video game console, which lets users swing the controller to mimic swinging a tennis racket or golf club, for instance.
Hoping to tap the senior market, Nintendo recently featured a Wii booth at an AARP conference in Los Angeles, said Nintendo spokeswoman Amber McCollom. "It was a slow trickle at first, but by the afternoon we had people bringing their friends to show them how to play," she said.
Carle, the George Mason professor, said the range of motion required by Wii video games also appeals to physical therapists, who want to keep older patients mobile. One retirement community near Chicago has a Wii bowling league in its clubhouse.
For aging couch potatoes, a Chicago-area company has developed a massive TV remote control with buttons that measure nearly an inch across.
Donna Bastien, product manager for Hy-Tek Manufacturing, said the company sells about 50,000 of the Big Button units a year, primarily through catalogs and Radio Shack stores.
"Just to figure out what's on a remote control, a lot of people have to get out their reading glasses," she said. "That seems to be the reason a lot of people are buying this."
Remembering computer and Web passwords is a challenge for anyone, but for those increasingly affected by forgetful "senior moments," it's even tougher.
That's why Larry Ciaccia, president of AuthenTec Inc., a Florida-based fingerprint recognition technology company, thinks his technology will appeal to older users.
AuthenTec fingerprint readers are showing up on computers, where users can sign on and enter password-protected Web sites by swiping a finger, instead of typing a password.
"We want to make interfacing with the Internet more convenient," Ciaccia said.
Fingerprint recognition also is being used in a deadbolt lock coming to market in June. The $200 device by Kwikset lets people unlock their door by swiping a finger across a reader, said spokeswoman Cheryl Kramp. Older folks who don't like fumbling with their keys are one potential market, she said, but Kwikset, a subsidiary of Black & Decker Corp., is not marketing to them specifically.
Finally, newer computers have features intended for those with impaired vision. Those little-known features are expected to become more popular as computer users grow older and their eyesight naturally dims.
The newer Windows and Macintosh operating systems allow users to enlarge type, icons and cursors and even read text aloud when the cursor rolls over it.
But many older users are unaware of these features, said Bill Gould, Web manager at Sun City Roseville. "And even if they are aware of it, they don't remember how to do it," said Gould, 73. "One of the fundamental aspects of computer use is that you remember things. With seniors, you can't assume they will remember."
--------------------------------------------------------------------------------
Go to: Sacbee / Back to story
This article is protected by copyright and should not be printed or distributed for anything except personal use.
The Sacramento Bee, 2100 Q St., P.O. Box 15779, Sacramento, CA 95852
Phone: (916) 321-1000
What is the spread today?
Additional news like the Walgreens P.R with revenue numbers attached speaks volume!
In The same manner an honest person would steal a briefcase and take away. If I was concerned about someone picking it up I would have it hid or secured.
It all depends on the items stored and your individual security needs.
If I was concerned about a fire in the house I would sleep everynight outside on the concrete versus the grass if paranoid about being inside lying on my bed.
Some people install smoke detectors...Then again are they fool proof?
The convenience of locking something up with easy access is the issue. If you need something secured that can't be stolen then take it to the bank lock box!! Convenience is the issue.
Some things are convenient to some as others have different needs.
This product satisfies my needs. What do you do with your car keys when you come in the house?
hattrick. The 2.0 model is bascially a convenience model. Basically designed to keep honest thieves out of your property. I have one and basically use it to keep my kids out of some of my personal property and keep it located on a table in my office for quick access.
I understand higher end reinforced steel doors will be made available and offered for greater security needs if requested.
Black and Decker which makes tools and also owns Dewalt could use the biometric technology for toolboxes which could be another produt similar to the Biovault/Keepsafe for example.
Thanks I haven't seen that one.