SmartMetric Inc (SMME): the CEO on February 11 of this year has...

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SmartMetric Inc (SMME)

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Re: None

Friday, 02/20/2015 4:15:44 PM

Friday, February 20, 2015 4:15:44 PM

the CEO on February 11 of this year has basically put a lein on every current and future asset the company has. This is noted by the security agreement in the filing.

Somewhat odd.

Also one should note how the preferred shared have been treated. And who ownes them. 50 to one splits etc.

Amazing that this legal façade can work and allow a CEO to literally be able to bill the company for over 20 million and not have to produce a single thing or answer any questions.

Seems that as long as you don't say anything concrete and you have investors still believing in this crazy deal, anything goes.

The writing is on the wall, or in the filing.

I sure hope they are not raising any more private money.

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