Sequiam Biometrics (fka SQUM)

[purrfectcalm06]

I was somewhat surprised at the low level of revenue. It is not clear to me if the royalty is paid on a per lock produced or a per lock sale. In most cases of this type of technology use, since kwikset is the producer it should be per lock produced, which leads me to believe that the rollout is being done very conservatively. I think this is a critical time for squm. The R&D has been very costly and significant sales must kick in soon.

I doubt they can continue to with these types of financial maneuvers indefinitely. I admire the determination and ingenuity in dodging these bullets, but no company can go on like this indefinitely.

I am long in this stock. I have watched it closely and posted my views from time to time. Clearly the exciting developments spoke of in the press release need to begin to bear fruit. I think the drop in price reflects the disappointment in revenue. IMHO.