Replies to post #6407 on Sequiam Biometrics (fka SQUM)

[ToddWH02]

LOL It's a gig that's been going on since the first monetary system was introduced.. skimming cash off the top my friend..I already told you where to look but I'll tell you once more for good measure.. pay careful attention to the products costs and SG&A.. Nick is creating a case study as we speak!!

[LoanStew]

Analyst,
Precisely. Reading the 10K you will see how much the officers are paid for their services. Obviously they are paid a high amount, but that's par for today's CEOs, no matter what the company. Until the big boys were making big bucks they were overpaying CEOs too...just takes time to validate. Unlike some companies, revenues now are exceeding any salary they get.
R&D costs can be computed, or at least estimated, subtracting salary from the expenses in that section in the quarterly.
As for the bank account for Nick and the other officers, none such activity exists. Unlike other companies like Sequiam's former reseller Cyberkey, no legal action has been taken even accusing their officers of such improprieties, and no proof of any bank account will ever be found, because none exists. Filings show that Sequiam's accounts are not overdrawn. There has been ample time for people to file requests with the SEC, and the SEC to have found any improprieties. Unlike their former reseller, none have been found.
Off to work-have a good one.
IMO/FWIW