Sequiam Biometrics (fka SQUM)

[LoanStew]

Analystslie,
Wow...a 35 million dollar line of credit should easily afford them the ability to get their payables up to date!
I guess that closes down the defamatory statements being made regarding Sequiam in being paid by Sharper Image.
My guess is that the 500K PO that was signed by SI before the BK is going to be in the range of maybe 30% of the revenues for the year, but I guess the filing (the 10K-not the 10Q that was defamatorily posted by some) that will show that will be out by the end of March, so we will see the results there. I'm sure the 10K will have to address the subsequent event of the BK, at least from the perspective of how it affected revenues in 4Q, and what will come of 1Q revenues. One thing is for sure...I'm betting that SQUM has not released any new info regarding the company due to the fact that they have to get the default cleaned up. There could, for all we know, be a few million in contracts just waiting for that to be settled, and be ready to roll.
Guess we'll sit back and see, won't we?
It could be worse. Not looking at a billion to a billion and a half of new shares hitting the market in the next 3 months-5 months. THAT would be trouble.
IMO/FWIW