SmartMetric Inc (SMME)

[DCorleone]

SMME MEDICAL RING was TOUTED by CEO and RELEASED with ZERO REVENUE 2013,2014,2015, as per 10-K. CEO's STATEMENT saying they were transitioning from a development stage Company!LOL

CEO QUOTE:
Yes the company is a development stage company. Next month it commences sales and will no longer be a development stage company.


CONVERSIONS to accredited investments at .049[color=red][/color] and RECENT PACE of DILUTION per another Increase in A/S to 300,000,000 per Realease.
SMME up to 197 MILLION, you don't Increase AS on a whim. Leading people to believe no more DILUTION coming with the last DOCUMENTED 8 quarters of large tranches, is MISLEADING


Payroll Taxes

The Company has accrued the sum of $436,271 and $240,677 at June 30, 2010 and 2009, respectively, for payroll tax liability, inclusive of principal, interest and penalties. This is the result of the Company’s inability to pay the federal withholding tax, Social Security withholding and Medicare withholding from its employees’ salaries.