Did ex-Sequiam employees cause this??
"I feel sorry for CEO Mark Basile and bioMETRX for having to endure all the badness generated by ex-Sequiam employees and investors."
From BMRX latest 1st quarter of 2008 financials:
Cash on Hand: $622
Revenues:$2,743
Losses: $1.4 MILLON!!!!AGAIN!!
"The Company though optimistic about internally generating cash flow sufficient to meet recurring expenses remains dependent upon raising additional capital These factors raise substantial doubt about the Company’s ability to continue as a going concern, though the Company has raised additional funds.
There can be no assurance that sufficient funds will be generated during the next year or thereafter from operations or that funds will be available from external sources as debt or equity financings or other potential sources. The lack of additional capital could force the Company to curtail or cease operations and would, therefore, have an adverse effect on its business. Furthermore, there can be no assurance that any such required funds, if available, will be available on attractive terms or that they will not have significant dilutive effect on the Company’s existing stockholders."
What happened to all the fantastic Masterlock business?? BMRX has less revenues than when Sequiam went bankrupt!!People with rose colored glasses can post all they want about what they heard from a "phone call" from the company or puff PR pieces.....the financials filed with the SEC tell the REAL STORY!!
