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Sounds like another breach of patent if they try and sell it in the U.S.
Can I ask that if anyone does come across an article that mentions the 14.3 billion dollar law suit that they post it here. It will be interesting to see who covers it.
Would a media company that receives advertising dollars from the worlds two largest cc companies not promote a detrimental story to their share price ???? Lets see.
Oh I agree 100% Ranger. Buying puts appeals to me on a different level but there is much better ROI being long SMME. I'm really looking forward to witnessing the unfolding of the potential of this company over the next few months.
Not a bad idea. To my understanding, neither MC or Visa have disclosed the lawsuit in any of their filings.
It gets very costly for mc/visa if this judgement goes the wrong way for them.
Ha google translator will suffice.......
Nice find Ranger. Getting a little more exciting now.....
Don't even bother holding your breath on this little spike. It's been a long frustrating journey but with a funding announcement expected shortly, followed by a production announcement and marketing plan. Not to mention a probable positive ruling of a breach of patent on the law suit in May, the company is way under valued.
Good luck buying a descent amount of shares under $2 once any of the above is released. The stock is too illiquid and tightly held to obtain a worthwhile stake on market. You won't be getting any of mine......
I have noticed that Chaya has made several references to it being America's largest lawsuit. So I suggest starting from there.
This information should become public knowledge soon. I'm sure we will also receive some attention from the major media outlets as well.
Getting interesting now....
The way I see it.
The Judge will decide on May 13th whether there has been a breech of patent. If he rules in favour, the jury in September will just decide on the compensation amount.
Chaya has indicated the law suit is worth over a billion dollars. Surely, a settlement would then eventuate.
Previous ruling at the Appeals court where smartmetric lost the contactless card case, was very positive in regards to mcard/vCard having a case to answer to with their contact cards.
May 12, will be very interesting. A company with a market cap of less than 30 million, may the very next day, be worth a billion+.
How much of this will be factored into the share price before the ruling? Interesting times ahead.....
Conservatively done as it should be. The company is hoping on five million sales.
Be that as it may, at $9 per share Shamus, you're invited to my party, if you can climb out from under the stairs.....
They are currently raising capital that will be used to launch the product.
Never been referred to as cute before......thanks Shamus!
The share price (PPS) won't rise until the capital raising ends.
Production on the medical key ring commences when the capital is received. Chaya told us this at the conference call.
I would expect an announcement on the funding sometime soon and if you don't have stock you will miss out. There wont be a lot to buy on market under a $1 once it kicks. We already experienced that on the quick move to 88 cents in recent times.
A result with the law suit sends it further North and then mass production of the biometric card commences and its blue sky from there.
The investment strategy is simple. The risks are obvious and potential endless.
Lose it or clean up. Work within those parameters.
In my mind, there is no way the CEO would put her head on the block at a public forum without good news to deliver. Stay positive!....
SmartMetric Reader Opens Biometric Market
January 21st, 2013 | Author: Stefanie Hoffman
Noise around unsafe passwords is reaching a critical mass. Brute-force password tools are available for download. Organizations, such as Anonymous, and other hacker collectives won’t surrender the notoriety they get by hacking into corporate databases and posting passwords on public online white boards.
Going forward, all that FUD will open a gap for risky passwords solutions supplanted with enhanced identity and authentication solutions.
This trend has spurred the development of a new technology from identity firm SmartMetric Inc.: a biometric fingerprint reader that fits inside devices as small as credit cards.
The technology leverages users’ fingerprints, in lieu of passwords or PINs, to protect transactions on the 1.5 billion global EMV banking cards issued. The solution is one of the manifestations of a ten-year research and development endeavor to create secure alternatives tovulnerable password technology.
The fingerprint technology will manifest in products geared for financial and online transaction sectors, which could pave the way for the channel to introduce biometric solutions in vertical markets reliant on security or tapped to adhere to mounting compliance regulations.
Biometrics haven’t gained the widespread adoption experienced by identity and authentication solutions — for a lot of reasons. As Channelnomics has pointed out, multi-factor authentication solutions, which incorporate biometrics, have been perceived as cumbersome and complicated, requiring too many moving parts.
However, the market is forecast to grow. A Reportlinker research report estimates the biometric solutions market is slated to grow at a CAGR of 21 percent between 2012 and 2014.
The most salient target markets are point-of-sale, ATMs, border security divisions, military contractors and government sectors that require official clearance and top security systems to guard classified and highly sensitive information.
Other reports have projected steady growth of biometrics in public sector arenas as more organizations forego passwords and static mechanisms for more robust security defenses. But with a rash of password hacks gracing headlines, it’s possible biometric solutions — such as the fingerprint credit card reader — could trickle into enterprise market segments, as well as retail, health care and other verticals, ultimately opening new avenues for solution providers to deepen industry ties while expanding compliance and other security portfolios.
If they can manufacture the card the applications are endless. The technology is exciting and revolutionary and will change the way banking and all facets of security is handled.
The law suits are a bonus and I'm sure there will be many more.
Thanks BB, I have always said, the risk in this investment was whether they can mass produce the card
Starting to get very interesting now. The calm before the storm maybe.....
Well I'm not on here complaining about the price I paid and the position I put myself in like you are.
I like the story, i think the technology is revolutionary and the upside is limitless. Whilst I'm frustrated to at the length of time it's taking I'm not about to go bashing the stock on a public chat forum and am irritated by those that do.
I'll hold as long as it takes and as I said earlier you will eventually turn a profit.
The indicators you pointed out are all irrelevant until the company starts producing.
Good luck with it. Don't sell too early!
Really pushes them towards a settlement now.
Whilst I agree 100% with LMU, i Notice Chaya is commenting from London.....The technology gadget show is currently on. Is this a timely coincidence or shall we expect more shortly?.....
Ok very interesting, I always thought, when playing the Wallabies, the Haka was a plea for mercy.....
Good work Badbilly, nice to see word is getting out about the technology.
A news release on when its available to be purchased, a marketing plan. production numbers and revenue forecasts would be nice.
Hopefully soon.
We win, they lose and we make millions!
Interesting read, thanks very much.
Just noticed it, impressive plant. Makes it all seem a little more real now. Can't wait to hear more details.
Production underway first quarter 2013.
The company seems to have a history of putting out PR releases that have been misleading which has disappointed investors. That's is why the share price is still around 0.20!
Speculators won't be sucked into buying the stock until factual information is released.
60 days is nearing and the directors better deliver this time or the SP is at risk of being hammered. It's getting embarrassing.
In saying that, no one believes in the potential of the company more than I do but I too am getting impatient.
Scheduling conference with the Judge of the lawsuit and all the parties involved. It's a process of going through a discovery period and setting the trial date.
Anyone hearing anything on the conference meeting held June 11? I was thinking if the trial date was not stated then maybe settlement talks are progressed?
64 gb on a card, impressive!
Thanks that's great. You can only perceive it as being positive.
Can you send to me too please?