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If I may chime in here...the past is not always a predictor of the future. If it were Apple never would have been selling for under $10/ahare. It created a "new" course after it developed a proprietary product or three wanted by many, many through out the world.
Does that story sound familiar??
One of a kind products used by millions around the world... life changing products to better people and business.....
POTTS....I feel the surge!!!
Not so, glenc....I heard the radio ads more than once on an LA station, KNX I believe, and some were able to purchase the MKR.
As with all new products, suggestions on enhancements were offered and the CEO wisely decided to direct limited resources to the development of the biometric card....which is now complete, has been shown to the industry at at least two major conferences, and now we wait for the world to catch up!!
Blessed to have been the buyer at $.0039. What a God send!!
Really needed it.
For those new to this site:
SMME NEVER offered a "5 dollar thumb drive" for $100.
SMME's card technology is proprietary because it includes a fingerprint reader imbedded into a credit card. NO OTHER COMPANY has such a product.
Last month's conference was NOT for selling the "one-of-a-kind" credit card but for introducing it to the industry's decision makers. THAT was quite successful says those who were there.
SMME's booth was next to two of the world's largest network companies in the industry. (Those who have eyes to see, let them see; and ears to hear, let them hear.)
SMME's existence on it's current exchange and it's price under $5/share limit the market for purchase, not to mention many of us who own the shares are unwilling to let go of them. Also, its exposure to the investing world has been limited until recently since the working card has only been available beginning after April's conference and not available for use until a network allows its use.....That is when the truth tellers will be separated from the naysayers...
DO YOUR OWN DD!!
There is no reward without risk....
I'm guessing because SMME has a one-of-a-kind product that someday will impact the world of finance and security. But that's just my thought....
Help me understand the details....why would CYCA rise because they gave away 2 million shares?
Any Twitter activity??
Waited over 1 1/2 minutes to check out at the grocery store as the lady in front of me tried to pay with her IPhone....no go.
So she pulled out a CREDIT CARD to pay.....no issues with it and off she went.
The MKR was produced and sold then evaluated in regards to improvements suggested by buyers. Resources being limited the CEO decided to use the resources to advance The Card's development. GREAT DECISION!!
: You CANNOT claim "nobody" wants The Card because it is NOT available for sale. When The Card becomes available for sale....well we'll see about who and now many want The Card.
: The limited number of cards produced was distributed to potential customers who evaluated it and made suggestions of additions to it--such as an "on/off" indicator light.
: The information allowed and necessary for public awareness is out there...what is not known to the public--call it secret if you want--is no different from other technology companies: it is proprietary and MUST NOT be made public/it must be kept secret. You think APPLE or MICROSOFT have "secret"/nonpublic information??
DO YOUR OWN DD!!
And why would that be??
UPDATE INVESTORS AND WANT TO BE INVESTORS....
There is no card plant and LNM is aware of that. Don't know why he continues to mention that there is or was one. Probably an eye into his knowledge of this company.
As to the SMME Card...it has only become available for sale in the last 4 months. Sale of The Card for use in ATMs and credit purchases must first be allowed for use on a network...which one provider is now evaluating for use on their system.
DO YOUR OWN DD !!
GREAT THINGS AHEAD....
If the technology is "old" why did a company seek out Chaya so they could incorporate it into their product???
Seems new and maybe even proprietary to me.
AGAIN....you misread and misstate.
I did not say, "WELL"...I SAID "ALIVE".
AND you keep bringing up "ZERO REVENUE". [color=red]THE CARD[color=red] in ANY OF ITS FORMS has only been available for sale for some 3-4 months.
Looking forward to your posts in the year ahead!! :) :)
READERS---DO YOUR OWN DD!!
SMME is alive and moving forward.
AND WHAT'S WITH THIS "ZERO REVENUE" ALL THE TIME???
If you have followed the story you would know why there have been no revenue YET..[color=red.
Executive decisions needed to be made and since a major network in the credit card industry is evaluating The Card I think shareholders are sitting in a nice position.
LOOKING FORWARD TO YOUR COMMENTS.........IN 2017.
Company stated that the plant would NOT be build because it would be more cost efficient to have an outside source manufacture it.
YOU should know this since you read all the PR's.
Radio Show: Doesn't matter if it was Bloomberg or not: SEVERAL RADIO INTERVIEWS ON BUSINESS SHOWS WERE GIVEN AND MULTIPLE NEWS ARTICLES HAVE BEEN WRITTEN ON SMME----IN AMERICA AND ELSEWHERE.
Interviews can be heard linked from the SMME website.
DO YOUR OWN DD!!
Final development of The Card took place within the last 6 months or so....Previous announcements of an available card were delayed because of advancements in the card.
Limited resources required an executive decision to redirect resources away from MKR toward never-before-developed aspects of the card.
The above are my understanding from company PR's, comments from company officials and reason.
Don't change the subject:
You said if O/S increased so would the market value.
I said market value would not change because of an increase in the outstanding shares....
I said you were wrong in your statement and I am correct...
As for a market value of $10 million.....I could list a few companies whose market value is A LOT LESS...
Though SMME has no revenue yet, it's products have only been available for sale for about 4 months. And one stream of revenue requires a long time of evaluation before sales are even possible.
I know of another company whose product has been on the market for quite some time; loses millions of dollars every year; and the market cap is about 20% of SMME's.
Everyone has an opinion on which company might be the better investment........
See post 9961...and think about it.
You are WRONG...
The market would see an increase in shares much similar to a Reverse Split. The market value will not change significantly if more shares are added...
IF that were the case every public company would issue BILLIONS AND BILLIONS of shares to increase their market value.
SM...you are smarter than to play the "if" game. ANY change in the factors would not change the Market Value of the "other" company any more than it would SMME.
Bottom line: Investors VALUE SMME much more than the "other" company.
For those who are unaware of the question posed...
Market capital (Cap) is the value investors place on the company. It has nothing to do with selling the goods or service the company is in. Therefore, the accompanying statement regarding how the market cap helps sell a company's produce or service is moot...the two have no relationship to each other at all.
Market Cap of R&D companies, in some small way, does reflect the hope and potential that investors see in the future of the company. The PPS of such a company can be misleading due to the factor that PPS alone does NOT reflect the number of shares outstanding. For example, a company may be selling at $1/share with only 5 million shares issued and outstanding....While another company may be selling at $.05/share with 200 million shares issued and outstanding. Though company #1 has a higher PPS...of $1...than company #2...of $.05...Investors see company #2 as a better investment because its (company #2) market cap is twice that of company #1.
So don't be mislead by PPS alone.
DO YOUR DD!!
I believe the highest cost one paid for SMME stock was $1.50/share. Current price is about $.05/share. Current market value: Near $13 million
I am aware of another company whose cost per share was near $7.00. It is now being quoted at or near $.15/share. Current market value: Near $1.5 million
Neither stock has done well.....but the former company seems to be better for investors than the later one...and then there is the whole issue of market potential....
You can deny that Chaya was asked to do the interview....but the truth is she was.
You can state the interview was "worthless"...but as the saying goes, there is no bad publicity.
You state "some AM station" with the implication that it is a nothing station, in a nothing town, on AM radio...truth is it was a BLOOMBERG radio show, on an AM station, which is where talk shows exist, in HOUSTON, TX, which is one of the top 10 populated cities in America.
DO YOUR OWN DD!!
Market cap on SMME is around $13 million.
Other touted stock: Market Cap $1.6 million.
PPS is a factor---Market Cap is a value. Which company do investors believe is a better company???
AND let's just take a look at the risk/reward factor:
BUY FOR PENNIES....SELL FOR DOLLARS
BUY FOR PENNIES....LOSE YOUR INVESTMENT. (Which the US federal government allows the loss to be deducted from one's tax liability...so it shares in the loss.)
Worth a few dollars in a Roth IRA???
LET ALL DO THE MATH!!
For those who really care:
The following are SOME of the interviews and articles talking about SmartMetric and The Card created by Smartmetric:
Bloomberg Radio, Houston, TX, 4/20/16--interview
Best of Investing Radio Show, 4/30/16--interview
NorthBay Biz, 6/16--article
Innovative Retail Technologies, 5/24/16--article
It is nice to have some many be so interested in something one develops....
Keep it up Chaya!!
Apart from some shareholders' eagerness to see the success of SMME tomorrow...it is going very well.
Radio shows, news articles, interviews....know of any other penny, start-up companies with so much exposure?....free advertising?
Apart from some shareholders' eagerness to see the success of SMME tomorrow...it is going very well.
Radio shows, news articles, interviews....know of any other penny, start-up companies with so much exposure?....free advertising?
Nice of you....believe Duke might be responding in thankfulness as well..:)
What is your experience in building a business from the ground up to allow you to tell anyone what belongs in a employment contract? It is my understanding that contracts are negotiated between the parties. If Chaya was able to do such a "unreasonable" thing it only SPEAKS TO HER FINE ABILITY TO NEGOTIATE really good contracts. THAT would be a good thing for this company.
YOU constantly bring up the time SMME has been in existence. How long do you think such a product should take to be developed? I believe the idea may have been in the minds of some well before that. Seems to me no one has done it in 70 years or longer. So 14 or even 16 years doesn't seem to be so bad to develop The Card. AND I said this before but it bears repeating...Some 4 or so years ago a multibillion dollar company announced a $1BILLION investment (Samsung I believe) to accomplish what SmartMetic has done with less money.
As for execution: The Card is in the pipeline. It is out of the hands of all but the network evaluating it. And I must say it is truly REFRESHING to have you make a non-negative comment: "CEO IS CORRECT, DEALING WITH PROCESSORS TAKES TIME..." Can't say it's positive, but it is the closest I remember you coming to a positive comment. :)
Finally, It is ONLY reasonable to expect many forms of usage of a product. Numerous articles have been written about the disadvantages of Cell Phone use for payments. As well as eye recognition and other forms of biometrics. The Card will not be used by all....But it will be used by many. And the patents alone ought to be worth Billions in their own right....
It seems there are many comments regarding PAST statements which held future promise of action and reward.
ONLY those who sat in the seat of decision-making can fully know what options were available at the time.
Point of FACT: The reference re: the building a manufacturing plane in South America was scraped when Chaya located a company in Asia that would do the same manufacturing for FAR less money than it would have taken to build the plant. GOOD DECISION?
BAD DECISION ?
I'm going with GOOD decision. The funds?? Probably used to do what no others have been able to do: miniaturize the components needed to make a functional Credit Card size ATM card; credit card, ID card, etc .
Does it exist? It seems some large credit card network will let us know some time in the future. WHEN? Not up to Chaya or anyone else....just the network company. ESTIMATES of timelines should not be set in stone.
(I'm willing to give Duke a few weeks grace, too.)
If she is as devious and self-serving as some (LNM< YD< you) claim don't you believe she would have found a way to get what she is allowed??
Your comment only proves that when the funds WERE available, she chose to use them for the benefit of the Company and its shareholders RATHER than receive her due.
Do believe the CEO of SmartMetric has paid herself LESS than she is allowed to. I have heard that though she MAY have a new vehicle every 3 years she has NOT done so.
And I am aware of other companies, PCMB for example, where investors claim that numerous officers have just given themselves a raise, to over $1million in salary per year. Revenue of the company: ZERO.
So, though Chaya does benefit for her work...it is FAR LESS than she could take and CERTAINLY recognizes her cognitive welfare of the Company and its shareholders.
Wonderful...then we will count you among those who see Chaya as honest with a high degree of integrity.
Welcome to the club.
Few people know how close SmartMetric was in the R&D to realizing the present day card.
IF the R&D people were telling Chaya they were close to success in the reduction of the components to be able to fit it into a credit card, even though she had announced a card was developed and useable, then it would have made no sense to release an inferior card and later the more advanced card even though there was a usable card developed.
Had Mr Ford been close to developing the air bag and delayed its introduction to entice car buyers to repurchase a car in the not to distant future then, yes, I believe he would have done a disservice to his customers.....Which I believe Mr Ford was capable of having done.
Some come by their wealth honestly and with integrity....some not so much....
LNM...following your "logic" there would be no cars, no WD-40, we would all be living in caves and at best riding horses to get around.
I know of NO product that was successful on its first try. Also, I think Chaya was wise to delay further R&D on the MKR and put the funds into developing The Card....If I were a board member I would have advised her to do the very same.
YD...you have been a follower here for sometime. Therefore YOU should know that there was a completed card sometime ago. NOT as technologically advanced as todays card is, but one that would function at a POS terminal.
Since R&D continued to make The Card what it is today, I believe Chaya was wise and magnanimous NOT to go forward with a 1st generation card--a card that, for example, required to be recharged for continued use. Unlike many corporations which bring out a product then continue to upgrade and improve it--how many Apple phones or Fitbits have you bought--it seems to me Chaya did the consumer a good service by waiting for the Best to be sold.
Potts....glad you are still alive and keeping abreast of the company.
Enjoy the days ahead!!
Thanks...Been a reader rather than a commentator. :)
I had a buy in for 95K@$.003. To my pleasant surprise I got them at $.002. There is a God and He was good to me!!! Never expected to execute at $.002. Puts me at 1.1million shares.
YD...It's called an AUTOBIOGRAPHY...and there are many out there.
I'm still wondering about the purchase of your RX safe and how it is working for you and your family.
My concern is true...
There has got to be an adage about people who look backwards instead of forward and them falling off a cliff...but I cannot recall one.....
SM...I neither like nor dislike the questions you ask. My points are these:
1) You've asked many, many times on this board and have gotten NO answers to your questions. Why continue to repeat yourself? Why do you think anyone on this board has the answers to your questions? What is your purpose in constantly asking the same old questions? Don't care if the questions you ask derive from "official statements by the company" or not otherwise....ASK THE CEO!! ASK THE PEOPLE WHO HAVE THE ANSWERS!!
You are well aware of the adage: Crazy means doing the same thing over and over and expecting a different result...
2)Do your own DD. Why do you expect others to do it? I will summarize from my "don't know why it was deleted" message: Who would stand before hundreds of "in the field" people and present a fraudulent product? Why would such a person be INVITED to make a presentation of such a product to people "in the field"? You are an educated person....deduce the EVIDENCE FROM THE FACTS and the TRUTH will be set before you.
Speaking of unanswered questions: Still waiting for an answer to how "Surplus Capital" can increase by millions without any shares sold. When I was in school one: DEBITED cash or the asset received and CREDITED the capital stock at par value with the surplus above par value being CREDITED to "Surplus Capital".
Has accounting practices changed in the last 30 years?