Sequiam Biometrics (fka SQUM)

[gabeh]

A Google search turns up nothing. It appears to be a new entity just created for this investment.

They're going to receive 104 million shares for that 2 year loan. Since they get 12% on their money, they can borrow the funds, make a couple of percent a year for two years and then get their money back in addition to the 104 million shares for $1 million.

Nice deal. Sequiam must have been really hard up.

I see this dropping to well under 15 cents before coming back perhaps in the summer.