Some of your information is confusing. According to the filing by Crestview they have been given all assests, patents, stock, and etc. Here is Edgar filing. I feel like you have been badly injured in this situation and for that I am sorry. I also lost a fair amount of money and perhaps you lost more than just money in any case you have given out the information you feel somehow obligated to post. Now it is time to let this thing do what it is going to do. I really hope things work out for you.
Form 8-K for SEQUIAM CORP
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22-Apr-2008
Bankruptcy or Receivership, Financial Statements and Exhibits
Item 1.03. Bankruptcy or Receivership
On March 15, 2008, Sequiam Corporation and its wholly owned subsidiary Sequiam Biometrics, Inc. (the "Company") filed a voluntary petition for relief under chapter 11 of title 11 of the United States Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the Middle District of Florida (the "Court") (Case Numbers 6:08-bk-01984-ABB and 6:08-bk-01985-ABB).
On April 17, 2008, the Court entered an order granting relief from the automatic stay to the Company's secured lender, Biometric Investors, LLC. ("BIL"). The order further allows BIL to exercise all available in rem possession against its collateral and foreclosure against all stock pledged and all Trademarks and Patents owned by the Company.
After BIL has taken possession of all of the Company's assets, it will cease to operate its business as a "debtor-in-possession" and liquidate under the jurisdiction of the Court and in accordance with the applicable provisions of the Bankruptcy Code and the orders of the Court.
Copies of Court Orders are attached hereto as Exhibit 10.1 and 10.2 and are incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(a) Financial Statements of Businesses Acquired.
Not Applicable
(b) Pro Forma Financial Information.
Not Applicable
(c) Shell Company Transactions.
Not Applicable
(d) Exhibits.
Number Description
10.1 Order Granting Motion for Relief from Automatic Stay of Biometric
Investors, LLC Case No. 6:08bk01984-ABB
10.2 Order Granting Motion for Relief from Automatic Stay of Biometric
Investors, LLC Case No. 6:08bk01985-ABB
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