SmartMetric Inc (SMME)

[Bo_Donkey]

Hmmm, I was thinking about the other potential plays on SMME success. ARM (ARMH) make something on the order of 10 billion chips per year over its various product lines, including various cortex processors. I'm not sure what type of product run SMME might have. Let's say 10 million per year. That would be about 0.01% of their product. I don't think this will have much of an impact.

With regards to MC or V, their "product" isn't unsafe, safe, or safer credit cards. It is money brokering. They give you the consumer a line of credit that they hope you will use and not payback. They collect a fee from merchants to allow them to use the access system to get money from the customers. They also "franchise" this out allowing third parties to pay a fee to have custom cards access their system and keep some of the fee. So, I don't think they will be terribly impacted by SMME.

Overall, I can't figure out what companies might be good plays off of SMME, either in a positive or negative way.

Any thoughts out there?