SmartMetric Inc (SMME): $50,000 cash as per the latest SEC filin...

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SmartMetric Inc (SMME)

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Re: Bale out post# 6131

Tuesday, 02/17/2015 5:46:27 PM

Tuesday, February 17, 2015 5:46:27 PM

$50,000 cash as per the latest SEC filing... another cash burn of $400,000 in Q4.. love to know the breakdown of the administrative expenses.
Who monitors the spending?
Voting Rights: What level of control over the company does the CEO have?
Is that what scares would be investors?
I am still hoping but this is looking decidedly unsustainable and at present it looks like a company which cannot stand up to scrutiny by professional investors.. otherwise the money would be already there given the company is on the cusp of going into production.... supposedly

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