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No but don't know that would matter to Lazar. Not saying BTGI will resurrect BUT there is a chance. I hope so since I own 600,000 shares at well over 1 cent.
Thanks for sharing the information. However, are you aware of Lazar? He involves himself in companies like this, cleans them up, gets them current, and then sells the shell. Had one (QUTR) that was dead for years. It is now worth around 20 times what it was when he took it over. Hope and pray and keep an eye on it...he may do the same here.
Anyone know when the quarterly comes out?
Wife and I hold 1 million...waiting for 1 cent to recoup some of our money. Will hold some for the future
Do appreciate your insight here. Thanks for sharing your knowledge and insight to someone like me, a first time Lazar recipient.
Anyone know when the financials come out?
Any ideas about volume? 100,000,000
Let's have a contest to see who can guess the high for today: my guess is $.0035
Wish someone knew and would tell us...but Life is better than Dead.
Interesting that one side of the .14 transaction was a sale the other a buy near. 04. How does that happen.
The. 14 sale was for 315 shares according to the Ihub "trade " section
Appreciate the comment...gives hope for we who thought all was lost.
Any updates on the Roche JV?
Appreciate the information. Thanks for looking into it.
Thanks...been in it for some time. Might get something out of it. Hopefully it's a Lazer play.
Any idea why this company is so active? Thought it was dead due to the lawsuit.
Still why do you think a R/S is likely?
Authorized shares. Max shares available to sell. I got the numbers from the Ihub site
Why do you think a R/S is a consideration with less that 200 million shares O/S and 15 million share float?
You are talking 2 different things...What people believe about the existence of the company's product and the truth of the existence of the company's product.
1) The price of a stock is reflected by many factors...belief in the company; product; management. Don't disagree with you there...many--not all--investors do not believe in the company or an aspect of it.
2) The REALITY of the existence of the product of the company...The Card...has NOTHING to do with whether or not people believe in it. It exists or it doesn't. What people BELIEVE about it has nothing to do with the reality of it.
Advertising IS promotion.
You do not know that The Card does not exist.
#1 That is what you THINK and BELIEVE. You do not KNOW that to be true. If what you say is true then Chaya has deceived more than a few hundred stockholders....she has deceived a whole industry.
#2 Advertising a product is an essential part of any business.
I have been a stockholder in SMME for well over 15 years. I've paid as much as 75 cents a share some 9 years ago; I have recommended this stock to over 15 people, at least 12 who themselves have become stockholders; I have been through the ups and downs, the promises and explanations. So I do count myself among those who "understand" the negativity, frustrations and disappointments of stockholders.
Rule #1 in investing is: DO NOT INVEST MONEY YOU CANNOT AFFORD TO LOSE. It applies to penny stocks and Big Board stocks. Years ago I invested in Grant stores...it was a Big Board stock that went bankrupt. My father invested in American Motors...it was on the Big Board and one of the Big 4 automobile companies which was swallowed up by Chrysler Motor company for pennies on the dollar...Chrysler also tanked over time. A well known and respected investment company suggested to the church I attended at the time to invest the proceeds of a land sale in General Motors bonds...just before it went bankrupt.
I wonder if anyone knows how long it takes and how much it costs to bring the "described" Credit/Debit; security card SMME says it has developed to market? If one does not KNOW then why does one complain about the time and the cost? The time and the cost associated with the SMME card may (does) lend reason for frustrations and disappointments to many. Yet, no one else in the field as come close to developing what SMME says it has. And I would venture a guess that Swipe, associated with a big monetary backer, has invested much more than we and they are not even close to having a card as SMME described it has. And don't tell me don't have a card...that is only a belief expressed by the frustrated. There may be a belief among many that a card does not exist...but that does not mean that a card does not exist. Only a few people know the truth....and those insiders are saying The Card exists.
As for what Chaya has been allowed to receive as compensation, with board approval, I don't care if her personal wealth surpassed $100 BILLION, as long as my small investment rewards me with wealth beyond my dreams.
We all make choices.
For some the wait to capitalize on their investment here may have run its course. Loss of faith in the CEO and product is a probable factor. If however, the time to market the card is close it is foolish to get out now at around 1 cent.
For those continuing to wait for the product to come to market will bring a reward for their patience.
Frankly, it would be nice to have had that happen years ago...but with the existence of a card as described in PRs, I believe, as do others, it will happen. So wait and hold we do....
As others bale out in frustration and disappointment.
I guess that means they are part of the conspiracy and fraud...or that a card DOES exist.
Thank you
How does one access the Lazar board?
Is it confirmed that he succeeded in his quest for custodianship?
What exactly does Lazar do once he has control of a company? Does he fold it into a similar company; find a buy for the "assets"; sell the company to the highest bidder; revive the company and move forward with the business?
Given the history of such moves...is it better to hold shares until after the merger/folding into another company or sell shares before it?
After over a decade of hope and disappointment this is exciting. I was a young man when I started to accumulate shares in QUTR...now as an old man I'm hopeful to have a return on my investment.
And Form 15 is what and means what?
I would direct you to my comments on the ACCRUED METHOD OF ACCOUNTING.
View the Liability section of the Balance Sheet. You see the amount of Officer's Salary under the Liability section--Liabilities are amounts due to be paid but NOT YET PAID--increased by $130,000 year over year. (And given the amount due the her she has not been paid in years.) The remainder of the $60,000 the CEO is paid--which would be for taxes, possible health insurance, SS taxes--would be listed elsewhere.
THE CEO DOES NOT TAKE HOME THE AMOUNT OF HER LISTED SALARY...Very little of any goes to her.
See post #13031 for a logical and reasonable understanding of the CEO's financial situation in SMME.
The decrease of $105,573 or 15.4%, in 2019 compared to 2018 was primarily the result of a decrease in consulting expenses.
Our general and administrative expenses consist primarily of expenditures related to employee compensation, legal, accounting and tax, other professional services, and general operating expenses.
The above is from the MarketWatch website referring to, and perhaps copied from, the most recent SmartMetric 10-K.
REGARDING THE DOLLAR AMOUNTS FOR GENERAL AND ADMINISTRATIVE EXPENSES:
In the world of accounting there are two ways of reporting a company's financial situation: 1) the Cash Method--the company writes a check (a credit or reduction from a Balance Sheet item) and the account to which the check is written, let's say Salary, gets charged (a debit or increase in an Income item.) That seems to be your thought here.
2) the Accrual Method--here the company incurs an expense or cost to the company--such as salary. However, there is NO check written, perhaps there is no cash to pay the salary. Under this way of reporting a company's financial situation, which is required for all or many reporting companies, the Salary amount (General and Administrative Expenses in the case of SMME) gets charged as in the Cash Method. The Income statement thus shows an increase in General and Admin Expenses. But since there is no actual payment, the amount due for the salary becomes a Liability and is then Credited on the Balance Sheet as due to the employee.
BOTTOM LINE: SMME is NOT spending as you state. NO ONE is living on $1500-$1800 a day. And much of the amount stated as General and Admin expenses goes not to the CEO but to lawyers--you know what they cost-- accountants and other professionals.
You get my vote of logical and reasonable deduction of thought.
again...the card of 2015, is NOT the card of today.
This will be my last and final attempt to describe the distinction between what I hear you saying and what I am trying to describe with this issue:
You see a car dealership. It has hundreds of cars on its lot. They are ready to drive, completely finished in their development. What each car needs is to be purchased and driven away. The FACT that they sit on the car lot and have not yet been purchased and driven away IN NO WAY affects their status of completion nor availability for purchase.
It seems to me you are blurring the lines between availability; product ready and useable; AND the fact that no one decided to purchase the item at that time. AND non-purchase could be for many reasons other than disinterest in the product.
Enjoy the profit you make from your investment...I know I will.
I still trust you will enjoy the money you make off of your investment in SMME.
And though your words regarding "pennyland" and the money one can make off of selling shares may hold true for some it seems to me one can do much better and make more money building a company and reap the benefits of doing so.
I addressed this issue when it first came out.
Google the business definition of a SALE.
Three things need to take place for a sale to be complete:
1) An offer needs to be made. We did that by offering the SMME Card for the university's use.
2) An acceptance needs to take place. That also took place when the university agreed to the terms of the offer.
3) An exchange of value needs to take place and delivery of the item offered and agreed upon needs to take place. Don't know the details but either the university has not carried through with the value agreed upon; or the cards have not yet been delivered; or perhaps the university was given a heads-up on the future development of the SMME card and decided, along with SMME, to delay acceptance of the card.
Bottom line: The SALE was most likely never completed, only delayed.
I addressed your idea of "complete" in a previous post. But I'll try again: There could have been a 'completed" card ready for production...NOT the card of today but a useable card. What needed to take place was the OK of a network company which would allow the SMME card to be used on its system. That took more time to complete.
I really can't be more clear that this. The card could have been complete and ready for mass production. There is nothing false or incorrect about saying that. Perhaps you are hung up because no sales were generated...
It seems reasonable to see that a card could have been ready for use on our end needing only the OK for its use on a network.
That would be your opinion...and the opinion of others.
I choose to understand that in business success is not a straight line, but rather travels a curvy road. Decisions made don't always turn out the way one might believe they should turn out or are expected to turn out. (Case in point: the newly installed policy of China to have batteries certified before exportation. That UNEXPECTANTLY added over half a year to any time line projection.)
Nonetheless, I hope you are happy when your investment returns to you more gains than you ever expected.
NO...If you have ridden the "train" of SMME for the last 15 years as I have you would know that the completed card of years ago is not the same as the completed card of today. Years ago the card ready for production--but not yet authorized for use on a network--required a charger at home to build up the power to use the card. So, while the CEO was diligently working to negotiate the use of our card on a credit/debt network, there was also foresight on her part to continue to improve the card.
AND if anyone believes there were fraudulent statements made either on PRs or SEC filings then rather than taking to posting their views and criticisms on boards such as this one--and possibly making false statements themselves about the company and the CEO--they should have contacted the SEC and filed proper paperwork for an inquiry.