Sequiam Biometrics (fka SQUM)

[ToddWH02]

I'm not attempting to do anything other than provide the truth.. why do you think royalties will be up substantially next quarter?? They were approx 17k this quarter, and even if you assume this was for only one month, that would place them at a smidge over 50K for the quarter.. and this was after everybody claimed the locks were selling like gangbusters.. don't get me wrong.. maybe the locks WERE selling like gangbusters.. I may even concede that.. but what I'm saying is that Sequiam is not going to get rich because of this..in fact, quite the opposite.. 17k * 12 months = $204k for the whole yaer. That won't even cover the new SVP of Op's salary!!!

Regarding the Biovault.. this product has already been re-engineered once.. they are now constructing them of cast aluminum to save on cost. And STILL their margins are dismal. And it's an absolute crime that they are marketing this product as a gun vault knowing what the tests have shown. By the way, it's also rather sad that their number one selling product is dragging down margins. Not good at all.

Bottom line, with these margins and the outrageous spending on SG&A this company will never make a penny for shareholders.. the losses continue to pile up and management has shown absolutely no ability or interest to reduce either product costs or SG&A costs to bring this company to profitability. It's going to get worse here.. much worse. GLTYA