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Thanks pinkslipjunkie...glad to know l'm not alone here
Well hopefully something will come of it.
Yes but someone bought A LOT weeks ago which is not uncommon a timeline before an event.
30 day average shares traded...1.2 million shares. Someone is buying this stock.
anyone know why the increased activity here?
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.
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