Replies to post #8113 on Sequiam Biometrics (fka SQUM)

[capttain_marvel]

Hope they were paid.My second preference would be a conditional sales contract or consignment.As a supplier they would be grouped with all the other unsecured creditors waiting approval of plan by creditors commitee and then the court.The anticipated recovery under this scenario would be minimal and not in the immediate future.
VBK has failed to keep shareholders informed.I think that if they have not been paid SQUM will have to file an 8K for a material event.The uncertainty caused by VBK's lack of communication is driving down share price.He has to be aware.What I don't understand is his motive.I am long and getting more p.o.'d by the day.I thought I bought stock in a public corp. not a secret society.My conclusion is that if they have been paid, then VBK and other insiders have a deal that is beneficial to them and not in sharholders best interests and that deal requires that as many shareholders as possible be driven out and sp lowered.I would be leary of any change in majority ownership.