Sequiam Biometrics (fka SQUM)

[friendofbuffet]

Your post is VERY misleading.. to say the least..

Sequiam's loss from operations was $1.2M in Q 4 2006.

The only reason it "appears" that they lost only 30k is due to their treatment of interest expense in Q4 (See below). Interest expense for the nine months eneded 9/30/06 was $2.3 million.. and for the Full Year 2006 it was $1.3 million. I've also provided the links to the companies 2006 10k and Q3 2006 10Q for you to verify my information.

Interest Expense

Interest expense was $1,317,923 in 2006 and $1,732,444 in 2005, a decrease of $414,521 or 24%. This decrease was due to the write-off of loan costs of $184,641 during 2005 and an increase in the non-cash charge which resulted from the accretion of the debt discount related to the fair value of warrants for common stock issued in connection with the various loan agreements. The total accretion of debt discounts during 2005 was $625,970 compared to $454,507 during 2006, a decrease of $171,463.

Sequiam 2006 10K:
http://sec.gov/Archives/edgar/data/1123606/000112360607000016/form10-ksb.htm

Sequiam 9/30/06 10Q:
http://sec.gov/Archives/edgar/data/1123606/000112360606000025/form10-qsb.htm