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Never a doubt
Very small short position?
Is this endorsement what you've been questioning?
California Department of Justice Website!
This has been an issue with some posters. Any questions?
http://safetydevice.doj.ca.gov/dsearch2.asp
Biovault on California Department of Justice Website!
This has been an issue with some posters. Any questions?
http://safetydevice.doj.ca.gov/dsearch2.asp
Hey Knowles! California DOJ Website you've been waiting for!
http://safetydevice.doj.ca.gov/dsearch2.asp
This has been an issue and now the product is listed.
Now what is the issue?
All Sequiam needs is introduction to some new investors. Float overhang at this level is fairly small. If around $2 million in new buying came into this stock it would be .30 quick.
friendofbuffet: FYI Crestview Capital is the owner of the warrants. In addition, they are restricted and if being exercised an SEC filing would be made indicating the amount which would as a result be included in the outstanding share balance. That is not the case at the present time nor a concern for the immediate future.
I don't understand why all of a sudden you have decided to chose this message board to post when you obviously have not completed much due dilegence about this company.
Furthermore, to incenuate something that is an outright lie is really ridiculous.
Please provide proof where as you say "I see Nick has given the go-ahead to exercise and dump the remaining 60 million warrants into the float" That is a mighty bold statement to make.
All SQUM needs is consecutive buying volume on a daily basis and we can get thru this miniscule overhang.
Next week should be very interesting.
I hope you are taking advantage of the current PPS. You can make a very good return buying below .18 IMHO
Cyberkey deposit forfeited to Sequaim
Other Revenue (Safety and Security Segment)
This was a result of recognizing a customer deposit of $112,500 as revenue during 2007. The customer initially placed a purchase order with us and we collected a deposit from the customer for $112,500. The product shipment for this purchase order was received by us from the manufacturer in January 2007. A sales invoice was then provided to the customer that went unpaid. As a result, the customer forfeited the deposit.
Gross margin increased to $216,411 in 2007 compared to $38,173 in 2006, an increase of $178,238. This increase was a result of the increase in product sales during 2007. Gross margin as a percentage of product sales increased to 46% in 2007 compared to 37% in 2006. This increase was a result of (a) the significant increase in sales of the BioVault™, BioLock, and related components and accessories during 2007 and (b) an improvement in the gross margin on sales by Constellation that resulted primarily from an increase in sales prices. We plan to reduce the costs to produce the BioVault™ and BioLock, and thus increase each item's gross margin, by reengineering these products. The increase in other product related costs during 2007 was a result of the significant increase in sales of the BioVault™, BioLock, and related components and accessories.
The Company had previously made that certain Promissory Note (the "Note") dated July 1, 2004 in the principal amount of $1,600.000 for the benefit of the Lessor for deferred rent and tenant improvements. The current balance of the Note is $1,429,978. Pursuant to Section 5 of the Amendment, the Lessor has agreed to accept $275,000 in full satisfaction of all amounts due under the Note if the Company pays such amount on or before November 1, 2007. The contingency conditions set forth in Section 6 of the Amendment have been waived, as they relate to the $275,000 repayment, in the Side Letter Agreement between the Company and Lessor dated August 15, 2007.
On May 16, 2007, Sequiam Biometrics, Inc. or Sequiam Biometrics, one of our wholly-owned subsidiaries,, and Kwikset Corporation, a subsidiary of The Black and Decker Corporation, amended that certain Cooperative Development and Supply Agreement dated as of September 13, 2005. The amended agreement provides for: (a) current payments to us for non-recurring engineering costs and test equipment; and (b) a fixed royalty payment to us for the BioLock product over a royalty term that began June 1, 2007 and is extended to May 31, 2012. The amended agreement also grants us full reseller privileges for the BioLock product based on terms and conditions set by Kwikset. Kwikset and Sequiam also further agreed to conduct a two phase cost reduction project for the BioLock product. Kwikset agreed to pay us 50% of the Phase 1 cost savings achieved for a period of twelve months following the first delivery of the cost reduced product. Kwikset also agreed to pay us 50% of the Phase 2 incremental cost savings achieved for a period of twelve months following the first delivery of the phase 2 cost reduced product. We may also sell our proprietary technology to Kwikset for use in future versions of the BioLock product.
Effective April 10, 2006, Sequiam Biometrics entered into an Exclusive License Agreement with Tacoma Technology, Inc. The purpose of this agreement is to provide the conditions and terms for the manufacturing and distribution of certain biometric products of Tacoma, including all of Tacoma's biometric sensor modules. The term of this agreement is six years and may be automatically renewed for additional 24-month terms unless either party provides the other with 30-days prior notice of its desire not to renew.
Intel exec joins Sequiam Board.
Jake Smith. Mr. Smith is currently a member of Intel Server Products Group where he helps lead Intel's virtualization efforts. Prior to his current role, Mr. Smith helped lead the launch of Intel's Mobile Processors for both notebooks and handheld computing products. Before joining Intel, Mr. Smith held management and product development roles with IBM and Sequent Computer Systems.
New Sequiam COO
On October 15, 2007, Sequiam Corporation (the "Company") appointed Chris Barrow to be its Executive Vice President and Chief Operating Officer.
Prior to joining the Company, Mr. Barrow served as Executive Vice President of Sales and Business Development for HyperQuality, Inc, located in Seattle, Washington, from 2005 to 2007; served as the Senior Vice President and General Manager for Reliance Corporation of India from 2004 to 2005; and served as Executive Vice President of Sales and Marketing for Webhelp, Inc. in Toronto, Canada, from 1999 to 2004.
Payroll questions?
Our total payroll included in selling, general and administrative expenses was $371,140 for 2007 and $309,096 for 2006, an increase of $62,044 or 20%. This increase was due to (a) the hiring of additional employees in our Safety and Security segment during the last nine months of 2006, (b) the addition of employees during January 2007resulting from the acquisition of Sequiam East, Inc., and (c) the hiring of an employee during the first quarter of 2006 to assist with corporate accounting and financial reporting responsibilities.
How in the world did the lie get fabricated the CEO is paid $700K per year?
Product sales increased by $584,703 or 551% to $690,904 in 2007, from $106,201 in 2006. This increase was due to our BioVault™ and BioLock products coming to market during the last six months of 2006. Sales of the BioVault™, BioLock, and related components and accessories during 2007 were $515,522 compared to 2006 sales of the prior version of the BioVault™ of $2,295. The increase in revenues during 2007 was also a result of an increase in sales from Constellation Biometrics Corporation from $100,250 in 2006 to $165,574 in 2007, an increase of $65,324 or 65%. Constellation's sales consist primarily of sales of biometric products other than the BioVault™ and BioLock to customers in South Africa. The increase in Constellation's sales is the result of improvements made to the business since new management was put in place subsequent to us acquiring the business in May 2005.
NRA endorsed it and licensed the Biovault. Yes
Very interesting as stated: Sequiam is making first deliveries November 15, 2007. Sequiam expects to introduce additional products with The Sharper Image in 2008.
http://www.earthtimes.org/articles/show/news_press_release,213875.shtml
It seems you only read and understand what fits your agenda.
If you would read you would understand they will make first delivery around November 15. Today is the 5th of November. Why don't you find something else to occupy your time and come back in mid December allowing enought time to see how this unfolds going into the end of fourth quarter and come back?
Since the Smartscan is listed as top product on Home Depot website I gather that you now realize the Smartscan is a top seller. Give a little time and we will see how this unfolds with Sharper Image. Unfortunately you will have to wait until the product is delivered.
IT DOES! http://www.nra.org/affiliates.aspx
This is National Rifle Association website. The Biovault is licensed and endorsed and available thru the NRA.
What about this do you not want to understand?
Notice on NRA website I listed below the Biovault listed.
http://www.nra.org/affiliates.aspx
The NRA has endorsed the product. Notice NRA logo?
Additionally, last spring at the NRA convention in St. Louis The Biovault was demonstrated at the NRA booth.
NRA has endorsed the product and the Biovault is a product the instructors use in their hunter safety demonstrations.
Scan Q to be featured in Sharper Image catalog as well!
http://www.earthtimes.org/articles/show/news_press_release,213875.shtml
Biovault;
I see it listed on this website
http://www.nragunsafe.com/
Black & Decker Kwikset wanted to build on the success their PowerBolt keyless entry system and create a residential biometric lock . The lock would need to meet all of Kwikset's standards (weather proofing, durability, etc) and undergo rigorous testing before it could be brought to the consumer market, not an easy task for a biometric lock.
Jack of Stocks: Thank you I agree exactly.
Correct! When the outstanding shares increase we can discuss dilution. Until then everything is complete specultion. In Sequiam's case dilution is not necessarily a bad thing as exercise of outstanding warrant is an alternative to issuing new shares.
The potentially dilutive figure is out for everyone to see. Nothing is being hidden. In my opinion,,I would prefer the stock price to rise and let the warrant holders exercise which in turn would give Sequiam cash.
Better than doing an additional financing deal which would result in more dilution versuse the current dilution currently on the table.
Sequiam's products and endorsements speak highly with the backing of Black and Decker, Fujitsu, Sharper Image and now execs of Intel and Microsoft becoming involved.
The amount of shares outstanding right now is very low in respect to a start up company in Sequiam's position.
The next few weeks should be very interesting!
The newly issued warrants in connection with Biometric Investors have been transferred to Crestview Capital and have resrictions of more than one year.
The remaining warrants which some decide to discuss have exercise prices from .21 up to $1. When they exercise is results into a cash infusion to the company and when they do the outstanding shares will increase. Until then there is not dilution taking place.
Isn't it amazing how some always look at the past and can't see the future?
Fourth quarter is shaping up nice.
Fourth quarter results which we have made very clear is the period which should indicate Sequiam has turned the corner.
I've made that clear in all previous posts as Black and Decker Revenues are paid on a quarterly basis. I'm sure someone will spin this negatively when third quarter is released.
Although third quarter will show very nice year over year comparison versus last year, Fourth quarter will be more indicative of future revenue stream.
Looks like we may be correct in our assessment with two full months to go. Plus $500K plus BDK royalties plus ? over the next two months.
I like the way this is finally coming together.
Yes, They are launching additional product. Not expecting to but actually launching at the present time. Fourth quarter has been the period where Sequiam turns the corner. Everything is coming together.
Very Warm and Cozy to the contrary!
Jake Smith of Intel and Bob Aoki of Microsoft add a lot of credibility joining Sequiam's Board of Directors
$500,000 Purchase Order!
The Sharper Image Makes an Initial Order in Excess of $500,000 From Sequiam Biometrics
Thursday November 1, 3:53 pm ET
ORLANDO, FL--(MARKET WIRE)--Nov 1, 2007 -- Sequiam Corporation (OTC BB:SQUM.OB - News), a leading provider of innovative consumer lifestyle biometric technologies and services, announced today that it has received purchase orders in excess of $500,000 for initial shipments of biometric products to be introduced by The Sharper Image via their award-winning web site, their widely distributed catalogs and their 187 retail stores located in premier shopping malls around the country.
Sequiam's consumer biometric technologies create brand new categories of high-quality mass market merchandise. The new product lines are designed for ease of use and accessibility to a wide consumer audience. The initial products are the Sequiam ScanQ biometric computer access pod and the BioBox, a storage container that unlocks with a fingerprint. Sequiam is making first deliveries November 15, 2007. Sequiam expects to introduce additional products with The Sharper Image in 2008.
The ScanQ creates an easy way for consumers to access their PC and common web sites without the need to remember usernames or passwords by simply scanning a fingerprint. The BioBox is the next step in Sequiam's award-winning line of advanced biometric storage containers. The BioBox is slim, ultra portable (weighs only 6 lbs.), simple to use and is small enough to carry under your car's front seat or even inside a brief case. The BioBox is great for storage of valuables such as watches, currency, passports or anything you need to store on the go.
Sequiam Chief Operating Officer Chris Barrow, said, "These products create a perfect launch opportunity for the upcoming holiday season. We look forward to these initial products having a positive impact as we expose millions of shoppers to our innovative biometrically enabled products in the next few months."
About Sequiam
Headquartered in Orlando, Florida, Sequiam Corporation develops, markets, and supports a portfolio of highly robust proprietary biometrically enabled consumer lifestyle and commercial products and OEM solutions. In addition, Sequiam has invested heavily in research and development to develop unique products and solutions for the biometric industry worldwide. Sequiam's biometric solutions incorporate low-cost, high-volume manufacturing processes targeted at the consumer and commercial market. Sequiam is a global company with offices in Taiwan, China, and South Africa. For more information, please visit http://www.sequiam.com.
About The Sharper Image
The Sharper Image is a specialty retailer that is nationally and internationally renowned as a leading source of new, innovative, high-quality products that make life better and more enjoyable. The Company's principal selling channels include 187 Sharper Image specialty stores throughout the United States; the award-winning Sharper Image monthly catalog; and its primary website, http://www.sharperimage.com. The Company also has business-to-business sales teams for marketing its exclusive and proprietary products for corporate incentive and reward programs and wholesale to selected U.S. and international retailers.
In addition the new COO has excellent credentials and the Nas is down over 60 points today.
Amazing how someone wants to make a negative towards a particular stock when the overall market is having problems.
I was beginning to wonder if I was the only one that received the E-mail as I also received announcement yesterday directly from Kwikset. Hopefully by Kwikset beginning to announce availability we see additional advertising in the coming weeks and leading into the holiday shopping season.
Inclusion in the Sharper Image catalog should also garner some attention. I believe Sharper Image subsciption to catlog exceeds 10 million subscribers.
Nice call on this one. Been following since February
OK, On your mark,,,get set,,,tell me when to go again,
Still watching.
7. Jake Smith Intel exec Sequiam Board member
8. Bob Aoki Microsoft exec. Sequiam Board member
Major names with big named companies. Speaks volume. Funny how some want to play games with the small float of SQUM
Hiring new employees and adding directors from Intel and Microsoft is not indicative of actions by a fraudulent company.