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Robtff

08/13/07 10:46 PM

#79669 RE: LoanStew #79667

Additionally, Sequiam is pursuing collections from CyberKey related to the contract, purchase orders and the invoice. Existing KeepSafe inventory will be sold by Sequiam.

Please show evidence other than a dated PR that SQUM is actually pursuing collections. With tools like PACER and other it shouldn't be a problem.
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iscozman

08/13/07 10:52 PM

#79670 RE: LoanStew #79667

Loan Stew, as usual you are correct, the PR clear states the facts. CKYS didn't have the money to pay for the product, doesn't sound good.... Knowles, who's paying for the high powered law team that is supposedly paying for the defense of the indited CEO? Anyone have any guesses?
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knowlesmsncom

08/13/07 11:42 PM

#79677 RE: LoanStew #79667

LoanStew I don't deny that the invoice went unpaid......

and a contract breach.

It's the reason why it went unpaid that is unclear and unanswered and why SQUM stated they were entering into

Some say it was because of lack of money but I am doubting this theory because the CyberKey has and is still operating, "busness as usual. Where has that money come from?

But......

If it were actually breached due to inferior construction and libel issues that arose would Squm word there PR any differently? Regardless of what they think CyberKey does or doesn't have isn't it there obligation to shareholders to first and foremost recover damages, if any?

It is common knowledge that a contract breach had to be made public and that reasons like non payment is vague and ambiguous unless SQUM actually filed a suite for collections which coses very little money to file. A 2.2 million dollar contract is not chump change for the small cost in legal filing and to be more compelling, especially if you are wanting to show stockholders who is the real crook.......... By CyberKey not filing or pursuing it only makes SQUM look more suspect at having something to lose than CyberKey who by your own set of standards has nothing to lose, JMHO but two wrong don't make SQUM's actions right.