Ha love your work Ranger.
Looking forward to seeing the defendants rebuttal sometime soon.

Just over a week away before we hear visa/MCard's rebuttal of our opening brief. Expected march 7th I believe.

From the quarterly report...............We expect to begin mass production of our product by February 2014, however this is dependent on a number of factors including the supply of specific silicon based components that may require a modest longer lead time then original planned.

Thanks Casey. I expect the share price to gyrate back towards the 40c mark as the court appeal nears.
I believe we are waiting for the defendants brief which is expected shortly, then it's our rebuttal followed by the decision hopefully April/May.
The case seems strong to me.

http://blog.expertpages.com/in-the-news/expert-witness-testifies-in-high-dollar-patent-infringement-case-against-visa-and-mastercard.htm

http://www.smh.com.au/tv/Business/show/Financial-Review-Sunday/Bitcoin-in-the-ATOs-sights-4351243.html

Nice find. I know where I'd point some of that cash..

Very much agree but one thing is for sure, you would not want to holding too many bitcoins without this form of security. Therefore, whatever the future it has there will would be demand for that period.
The overheads for this product would be low too and transacted online as the customer base are all tech savvy and obviously comfortable with online purchases.

The share price is severely affected by traders playing it from the short side but one gets the impression they are all about to get squeezed forcing the price higher.

One positive announcement regarding either production commencing, the court case or a announcement of a contract will be enough to trigger a massive rally.

Happily sitting well long the stock!

More press...

http://www.manhattandigest.com/2014/01/27/smartmetrics-bitcoin-biometric-card-brings-bitcoin-mainstream/

Biometric Bitcoin

Bitcoins have been gaining in popularity recently with the need to have a global currency for peer to peer transactions. Security of the transactions and savings of the virtual currency are one of the things that are holding back the use of bitcoins. Recently, an anchorman on Bloomberg TV was robbed when he showed his bitcoin gift card on television for ten seconds. That was long enough for someone to scan the QR code on the certificate with their phone.

Now a company called SmartMetric is bringing out a biometrically secured bitcoin payment card. According to the attached article from MENA financial network, offering a secure way to store and use bitcoins will greatly aid in the growth of bitcoin as a global currency.

SmartMetric to Launch World's First Bitcoin Card With Biometric Fingerprint Protection
NEW YORK, NY, Jan 10, 2014 (Menafn - Marketwired via COMTEX) --SmartMetric, Inc. (otcqb:SMME), a developer of patented biometric products, announced today it has developed and will soon launch the SmartMetric Biometric Bitcoin Card, the world's first biometric, fingerprint secured, off-line storage platform for bitcoins.

"SmartMetric's bitcoin card can significantly accelerate the growth and rate of adoption for bitcoins as the new global currency. By applying our patented biometric technologies to a bitcoin payment card, we offer the world's first fingerprint-secured method to safely store and use bitcoins," stated SmartMetric President and CEO Chaya Hendrick.

The SmartMetric Biometric Bitcoin Card uses the Company's patented biometric fingerprint technology, the world's smallest fingerprint reader. The card offers the benefits of bitcoins such as peer-to-peertransactions and card-to-card direct bitcoin sending anywhere in theworld, while enabling real-time, in-person standard payment transactions at merchants and compatibility with standard ATMs around the world. Advanced patented fingerprint technology uses the cardholder's unique biometrics to lock and unlock the SmartMetric Biometric Bitcoin Card, providing safety and discrete portability.

Bitcoins are becoming more widely used around the world, driven by government non-intervention and merchant and consumer demand. In the U.S., Federal Reserve Chairman Ben Bernanke recently sent a letter to the Senate noting that bitcoin may "hold long-term promise... if the innovations promote a faster, more secure and more efficient payment system." Japan, Germany, and Singapore have also recently taken an open stance on bitcoin, choosing to keep the digital currency unregulated for the time being.
http://www.menafn.com/baa26eb2-3f82-410c-a597-2ca546cdcf80/SmartMetric-to-Launch-Worlds-First-Bitcoin-Card-With-BiometricFingerprint-Protection?src=main
Posted by DTTO-eNews at 3:31 PM
Labels: biometrics, Cashless
Reactions:

Las Vegas casinos adopt new form of currency: Bitcoins on USATODAY.com: http://usat.ly/1ds8sLi

The importance of a secure bitcoin card grows by the day.

Ha most of the early capital raising was done in OZ. You could look at it this way, Mr Nutsand bolts could be the smartest person in America!

Yes, we have all been very, very frustrated. To my understanding, from speaking to the powers at be, is it just a matter of completing the capital raising and the switch to the production line will be flicked to ON.

The bitcoin application is very exciting and brings a whole range of tech savvy people to the table. I suspect online sales could easily be made to this market resulting in instant revenue and low costs. I heard a story of a colleague in my office spending a $1,000 on bitcoins only to have them electronically stolen recently.

Irrespective of your opinion on the future of bitcoin, one thing is certain, you won't want to be holding too many without protection. Hendricks seems to have the solution here.

Once production starts you won't be able to buy shares under $1.00

Fortune favours the brave....little more patience required here.

Check this out! It's hotting up....

http://www.paymentssource.com/news/smartmetrics-secure-bitcoin-storage-card-has-payments-potential-3016569-1.html

Get the feeling this is really about to pop higher.
It's heating up again nicely.

Ha well done Shamus, I was wondering who would be the first...

Judge Fitzgerald is also not your typical, stereotyped, middle aged male being the first outspoken gay judge appointed to the bench.
His incompetently should not be confused with bias.

This was his first patent law suit and should never have been appointed to such an important landmark case.

I am confident his rulings will be overturned. The brief that was recently released seems favourable to SMME. We should get the hearing date soon.

Notice on the website they are also targeting the bitcoin market with a bio metric security card. Could be an ingenious move.

Here it is! Court Papers outlining the appeal.

http://smartmetric.blogspot.com.au/

Dec 23rd the papers are lodged for the the appeal! Hopefully this is the year. Six months is all it should take from here.
Merry Christmas or happy holidays whatever is appropriate for you! Bring on 2014....

I notice the website www.smartmetric.com has been revamped.

I know German and can translate for you.

Where is the product?
Why is it taking so long?
Why is it hard to raise capital?
Why was the Judge so erroneous?
What happened to LateNightMike ?

Time for a Stein!

Good work BillyBob....

I think you need to read up on what a private placement is compared to a public offering.
this opportunity is a private placement. It's offered to a small number of investors privately. The offering price is at a discount to market price to make it seem more appealing for future investors.Private placements are announced to the market when they are completed.

By announcing it publicly the discount to market price was immediately removed. 24cents to 18 cents. You’re right, in the larger scheme of things it means very little but now future investors have lost their incentive to purchase at a discount. It may well make it harder to raise capital and will certainly limit any gains until it’s completed. The issued price may even need to be lowered further now.

Well, this certainly became a bigger deal than what it was meant to be. Nonetheless, I know your heart was in the right place
Mr PS. Good luck to you.

Duke, Nine year investor.

Firstly, by publicly announcing a PRIVATE PLACEMENT and encouraging immediate sales, you have removed the discount to market new investors are offered. This will only make it harder to raise the capital. Did you not think why the offer price was lower than the current market price? I fear it will take twice as long to complete now.

Secondly, if it is a public announcement, it needs to be announced as such. There is thin line here and I hope you are correct that PoorP-S is not an employee as it may well be a breach of SEC rules.

The price won’t move much higher now until the raising is over.

I think investors should leave this type of announcing to the company itself.

The engineer demonstrating the MKR is not a marketing piece and I hope it is now not perceived as one. Happy to watch it though and a professional marketing piece needs to be completed as soon as possible.

If investors want to help then go and contact friends and family and fill the raising, privately.

I strongly suggest you take it down immediately.

The same court ruled against a motion by Visa and MasterCard to have the patent ruled invalid. So it stands that SmartMetric's "464" patent is a valid patent.

Now for the short squeeze!

I would not want to be one of the short position holders now as they scramble for stock to square up.

If I held a short position I guess I would be out bashing the company as much as possible.....sound familiar?

I would now like to hear more on the MKR sales, when the card will be trialled and by whom.

Seems like we lost the battle to win the war with the lawsuit.

Regards
Duke Soapbox

Appeal within 30 days but I'm sure Patrick is ready to go and we will probably hear something soon.
Glad to have it out of the way. Next week we can focus on the technology, manufacturing and marketing of the products.

Confirmed trial release. Not surprised but still disappointed we did not get to see the numbers. An Improved product and national launch soon is a real positive. It's also a strong indication that the product was in demand. Glad to read that a large retailer is in the pipeline and marketing to health care companies that could result in massive sales. Buy a policy, get a biometric secured memory stick!

I still prefer to have the ruling finalised before any attempts to push the price higher.

Looking at the numbers further funding would be required buy it will only take one large partner to love the story like the rest of us and this stock will fly!

Your post is copied below. I fail to see how my posts are inaccurate.

All the press releases and company filings are available on the website already. It is not hard to find, its under Investor Relations. That is public information. Any information outside of that would be inside information. Therefore, I am confused as to what you are asking for? a newsletter? really? The info is on the website! I interpreted that you're requesting the ability for shareholders to log on and receive information independently. That my friend, is requesting inside information....

I have pointed out numerous times now that they SHOULD NOT release the information until the Court Ruling is finalised. Did you notice the documents were released last night and the PPS fell?...... it makes sense to wait and not provide higher levels for the sellers to simply sell into.... There is not enough liquidity for the PPS to hold up in those circumstances. Shareholders should stop presurring the CEO to release the MKR info until the time is right!

Let the storm clear before commencing the clean up process...

There is no doubt in my mind the MKR was simply a trial release in August. Of course, SMME have not stated that publicly but its pretty obvious to me. They went from talking of using a retailer to selling direct. Maybe the retailer wanted wanted it trialled first. who knows?.... Furthermore, I note that the Card will be trailled first before being released next year. This adds to my suspicion the MKR release was purely a trial with limited stock.ONCE the Summary Judgment is completed I hope to hear more.

I have sensed the frustration of shareholders and have only offered my opinion on how to proceed from here and attempt to defuse some of the recent negative vibe with common sense. There is a lot to be positive about and no need for panic selling.


LETTER TO CHAYA - from Bale Out.

I remember the Smartmetric Newsletter. Is it in existence? Can we the investors have current information on the products, either posted on the website or the Newsletter posted to our emails (as originally planned).
I understand this is not the forum for CEO's to address current situations with company and stock but I do believe investors (potential or existing)should be able to access information on current matters on the companies website and not iHUB or Marketwired. Maybe even a special subscription section for current share holders.
Thank you

I would be happy to clarify further.

At the moment the sellers are dominating the market. Unfortunately, it is there turn to shine. The summary judgement hasn't gone our way although, I remain positive on appeal. We still do not know why the Judge ruled against us. Until this becomes clearer, there is no point in making announcements on the MKR. Why? If it spikes back to 40cents based on MKR sales release and then the Judges ruling is released the sellers would send it back sub 20c. No benefit! Sellers are always more aggressive players than buyers. Ask any trader.

The short selling data shows big increases in short positions of late. A short position means a speculator has borrowed stock and sold it into the market hoping to buy it back at a lower price. They like to bash the company and manipulate the price lower (sound familiar?).

At some point they need to become buyers to square.

I'm saying, wait until the dominance eases and they scramble for stock. The ruling needs to be passed before this occurs. Clean the slate, rebuild and then release the MKR / smart card info and spark a short covering rally!

Newsletters are only ever given to shareholders once the info is made public via press releases. To suggest shareholders can log on and receive info is ludicrous and naive. If you are reading this board you don't need a newsletter. They are for passive investors who don't follow the price. What's the point in bashing, ridiculing or undermining the CEO on a public forum? She is dealing with a court case, MKR release and development of the worlds first biometric card. Get busy with that and forget the newsletter!

I too am majorly frustrated by the lack of MKR info but the timing is not right. There is no doubt in my mind that any stock sold was limited in numbers. I'm now calling this a trial release. Let's see how it unfolds but I'm comfortable where it's headed. I have stated that people with medical conditions become very insecure with their health and sensitive towards taking new medications. The MKR is perfect for these people and will sell in great numbers even if buyers don't use it to its capacity. Great gift for someone with conditions too.

We now expect a card trial soon and release next year. great news! It will only take one major player to get involved and send this stock skywards.

I feel too many investors have thrown the baby out with the bath water. We suffered a setback but that's no reason to panic. In the short-term, play the aces smartly!

Ruled in favour of SMME with Contact Cards!
Ruled against with the Contactless Card which only made up 10% of the claim.
The case continues.....

so the tentative ruling was given before any oral aruguents were heard.... Far from over...

Very good update thanks Techno....
The lawsuit was also just the icing on the cake. I bought this stock for the technology.

With respect, anyone selling at .70c on the back of a favourable court ruling should have their head read.

Buyers will struggle to get any shares on market below $1 and probably as much as $2....

I can elaborate on a few points.

We may well get the decision on the Summary Judgement on Wednesday. Any appeal will be heard within 30 days.

It's worth noting that the last time SMME went to the appeals court they won! I'm sure this will be clearly noted to the Judge.

Who will settle on a multi billion claim first? Well, Visa's 10k filing due mid November. MC due mid February both companies have enjoyed exceptional growth in recent times. I'd imagine they would want the numbers coming out of this year's reports and also avoid further scrutiny and explanation as to why the lawsuit has not yet been disclosed.

A settlement could be sooner rather than later.

Looking forward to watching it unfold....

yes, you would most definitely see a pull back in share price but would be a knee jerk reaction and the dip short lived. Especially once we hear details of the MKR release and the launch of the Card over the next few weeks.

I really don't think the court case has been reflected in the current share price as much as it could be or should be.

An appeal would be expected from either party within 30 days. A SMME win would increase the likelyhood of a settlement. The defendands have already failed twice in having the case dismissed.

A SMME win would spark tremors thoughout the credit card world and force Directors into explaining and disclosing the size of the suit to its shareholders. Imagine the headlines.....

Remember, Chaya alluded to the fact that one company could settle and have the rights to the technology and thereby forcing the other one out. It gets real ugly on their side of the fence if they lose this one!

Looking forward to an exciting week with the court case commencing Wednesday and possible Summary Judgement going our way.

There does seem to be a descent seller at .40 but once that has been absorbed it should pop higher.Positive Summary Judgement would see it propelled through $1.00

Good times ahead!