SmartMetric Inc (SMME)

[optimisticbutpatient]

It is a legitimate investment in the company

While shares are normally traded from buyer to seller acquiring them direct from the company is a legitimate way of acquiring them and it has been practiced and accepted for as long as companies have been traded.

For a start up such as SMME it is often better for the company as the funds used to purchase the shares go directly to the company to support it in it's infancy rather than to traders.

Yes it increases the number of shares out there which some would view as a negative but how else do start ups raise money other than issuing shares.

And there is nothing "underground" about it. It's legal, the trades are listed and the purchaser is recorded on the books as having purchased and owning the shares.

As to what price the buyer paid it is generally at market in my experience. But I don't blame anyone for not providing details of what they paid as that is his own business and no one here should think they have the right to demand such information.

OBP.