Sequiam Biometrics (fka SQUM)

[LoanStew]

ToddWh02,
The California Department of Justice, after a review from an independent source, re-reviewed the safety of the BioVault under their very stringent requirements. They agreed that the Biovault was well within their standards as an Approved Firearms Safety Device.
Despite attempts to cause otherwise, the stock is holding up quite well today.
I think people see that the royalties, as previously discussed, were only reflective of what little business they had time to do in the 2nd quarter, and that the next Q will show substantially improved numbers in that department, far more than the 53K offered up by some. I think Black and Decker's quarterly numbers indicate that the SmartScan has greatly benefitted their company, and Sequiam has a hand in that cookie jar. Do I think that the 266 million in revenues in the Security Hardware section are all SmartScans? Nope. But all it would take is a small piece to give a nice bit of royalty revenue to Sequiam.
I also thought it was nice to see that the international numbers as a whole were up. Clearly Sequiam's products are of interest in South Africa...an area not that rich in funds, but apparently adept at the needs for security.
IMO/FWIW