April 4, 2005 interesting email
Good morning to you all
I am able to give you the following information as this has come from neither Peter or John who are as you know are unable to let out any information whilst Smartmetric are still with the SEC
An investor in Smartmetric who has been in touch with a contact stockbroker who is with Bell Potter Stockbrokers in Perth. I personally have been involved with Bell Potter in Perth when the Great Southern Plantations were listed some years ago and they are excellent stockbrokers who have an affiliation with UBS in the U SA and they so will be able to negotiate any transactions for the shares for you. There is a brokerage of 1.5% on the first $50,000 and 1% up to $100,000 up to $150,00 then .5% over $150,000 (Aussie Dollars) We are unsure at this time as to whether they will be able to give any advice and will depend on the capitalisation of the Company. We will keep you informed.
However through this investor her friend has made contact with Bell Potter's in Surfers Paradise. The broker they spoke to was most interested in Smartmetric that he contacted their sponsoring brokers in the States. They in turn were so excited that they personally rang Colin Hendrik in the States (weren't they lucky to track him down!!) and talked to him. Colin indicated that listing could be in about 14 days time (this information goes back to an email my client received about last Wednesday due to her moving)
I feel personally that by working with Bell Partners will be excellent as they have affiliated offices in the USA and will have access to research and recommendation if we fit into that category.
This means that due to an application by Smartmetric to the SEC for an accelerated release of the signed documents and a date for the listing date, I feel that what Colin as said is very highly possible.
Under normal circumstances when the documentation is signed off by the SEC Companies have to wait anything up to 60 days to get together and complete an IPO.
Under an accelerated date of release and registration an IPO could immediately be released say for 72 hours and then listing 2 - 3 days after that.
Smartmetric are so anxious to get this finalised as further orders for the chip are in the pipeline and they are anxious for the I P O to get up and running to be able to complete production and the orders for the chip.
Regards to you all as always
Colleen King
