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I would hope the Administrator of this board would have a bit of compassion since many here have been in this stock for many years have just been greatly disappointed by the litigation loss. Maybe some room to share our sorrow...
Some having lost the dream of acquiring millions I would ask for some space to "talk about it".
Love your heart LMU. You are not alone in wanting wealth to help others. I've designated 20% of my present holdings for Church and charitable contributions and will give more to friends and family.
I;m still a believer in SMME and Chaya. Though the litigation was a big disappointment, I find it exciting to watch the progress of the marketing of The Card.
On a previous post you mentioned owning 1.2 million shares. Like you I've added shares in the time before the appeal. I've borrowed $ to buy more shares and now average about $.40/share. Will try to accumulate more $ to buy in at this level. Though holding only 12.000 shares it makes up the majority of my portfolio in $ .
Look forward to meeting many at the party...never been to Australia. :)
I, too, knew about the change from Constellation to EraStar. Was at their offices when they were in Marin Co, CA. Met the whole team. REALLY nice people. Would trust my wife with them...:).
They are now in Las Vegas. My parents live there and last time I spoke with EraStar and asked to stop in they were very welcoming.
Will do so some time...that's my plan. Would like to meet face to face with other SMME believers. Available any time soon?
Bilboo....who do you talk to at the "old investment group"? Did not know they still existed. Recent PR's listed EraStar.
I'm a 4+ year investor in SMME. Begged and borrowed $ hoping the litigation would be favorable. Now it seems I'll have to wait a bit longer before I can retire....:(
Coffee sometime in Escondido??? Would like to hear why you invested and what your thoughts are for the road ahead!! I'm still a believer in The Card and Chaya.
User12...
1) Not every invention is a winner. Not every idea a success. I understand it took 39 failures before WD-40 was discovered. Some MKR were sold...ask the Auasies who purchased them.
2) You may think you are dealing in facts but you fail in some areas. I've never seen the Taj Mahal but I believe those who say it exists and that the pictures of it are real.
Go to the National Investment Banking Assoc websit--June, 2014, conference and locate Chaya's presentation of The Card--to hundreds of those in attendance. Do you honestly believe any person who attends such a conference would present a bogus product?? IF you need to see and feel the product itself before you become a believer....your message is clearly made. HOWEVER, to continue to make your accusation that the product is bogus makes you sound like LNM and is NOT FACTUAL, only an expression of YOUR skepticism.
3) Only talk of a shareholders' meeting. None scheduled at this time.
I'll be there with a few other investors... Donuts and coffee???
The thought of buying more is enticing but I've begged, borrowed and robbed by grandchildren's jar for all that I can.
Do recall The Card was out way before the litigation.
In the years I've been in SMME I've heard of a progression of improvements and advancements to The Card--in technology and form.
I've heard of wise business decisions made regarding the production of The Card--from in-house to an outside source.
I am glad that in the 10+ years of The Card's existence the improvements were made in the lab and that The Card did not come out into the public domain in any form less than fantastic.
As for the reality of The Card: You Doubting Thomases cannot believe that Chaya would be invited to the Investors Business Conference and stand in front of hundreds of people with The Card in hand; tell the story of it; if it were bogus!!! You can see her presentation of it on line.
Finally, it sounds to me as if LNM has returned. I hope not. There is enough info out there for we investors to be assured that The Card is real and that Chaya is on the road to marketing it.
I remain a believer in Chaya, The Card, and SMME. We will party...just maybe it will be in Spring of 2016, Downunder!!
Thanks Mate, for your concern. I took his comment regarding my knees more as a positive warning rather than as a personal threat...Right Glenc???
As for me...I am a trusting person. I find it difficult to believe someone with Chaya's track record would be anything but honest and forthright. I am willing, and have been so, to give her space to now focus on the marketing of The Card. Reading between the lines on her PR's one can see she has been working on its success===and thus our wealth accumulation.
Cannot be easy to deal with the lawsuit, The Card, her other businesses and a personal life.
I remain understanding, loyal, and a believer in SMME.
IF the patent is being used...and no compensation is received for its use....that is infringement.
God bless you for believing in the system 100%...but bad/wrong decisions have been made and living in an imperfect world only adds to my belief.
My take on 8/8 trial: One judge was so upset at the change in claim presentation that--seeing it as a "new" claim and not as Mr. Bright said, a "clareification" --he could not get past it. What little I heard of the trial leads me to the conclusion that V/MC got away with infringement...Remember their defense at the 8/8 trial was completely new from the prior 3 1/2 years of defense. Talk about a change in presentation!!!!!
Do recall there were "trade secrets" of V/MC they did not want known....maybe they are in the 6 pages...
This may well be my last post. I've gotten well over a dozen people into SMME and some of them tell me they "have connections"...which makes me nervous.
BBS...you do ask a relevant question. I wonder and ask: CAN there be a patent in existence which is being infringed upon by parties who have not paid royalties to the patent holder?????
Seems to be quite the enigma.
I look forward to the excitement of the coming months as we proceed with the marketing of The Card. Though disappointed and baffled at the ruling I hope at sometime due royalties from the patent's use will be forthcoming.
I am resolved at having to continue to work my two jobs 7 days a week...even though at 62, I am finding it a greater challenge.
I am still a believer in SMME...and will continue to hold the shares I have and possibly add to it if ever I find funds to do so with.....
I still looking forward to the Party...just a bit later than I had hoped it would be....
I;m on your bandwagon!!!
LMU...are you a lawyer?? or just sound like one?? :}
NEW YORK, NY -- (Marketwired) -- 08/11/14 -- SmartMetric, Inc. (OTCQB: SMME) -- SmartMetric is moving forward with its release of its fingerprint activated EMV payments cards using a major credit card manufacturer who has the capacity to produce 250,000 cards per week under contract for the company. The contract manufacturer selected by SmartMetric is also able to ramp up its production capacity to provide for a 1 million cards per week production capacity. This will be required to meet SmartMetric's target of 50 million fingerprint cards over the next 12 to 18 months.
On Friday the 8th of August a hearing in the Federal Circuit Court took place between SmartMetric as plaintiff and Visa and MasterCard as defendants in respect of a patent infringement claim against the card payments companies and a patent owned by SmartMetric. SmartMetric is pleased with the presentation of its case before the Court and is awaiting a ruling by the Court which could be anywhere from 2 weeks or two months.
About SmartMetric, Inc.
SmartMetric, Inc. is a technology company that designs and engineers its own advanced products utilizing the company's expertise in miniaturizing electronics. The company has developed a miniature fingerprint self powered fingerprint scanner and reader that fits inside credit and identity cards that are at the center of SmartMetric Inc.'s advanced biometric products. For more information please visit www.smartmetric.com.
Safe Harbor Statement
Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors.
Do not disagree with you at all...:)
Patent was declared valid in previous court case. If V/MC who determine how the card is used are not infringing then who is??
Can one have a patent that is being used by a system and NOONE is responsible for using it??
Keep the faith....and your stock.
How old??
If discussions were taking place the "word" would be out and the price would be rising.
I'm more inclined to believe that the parties are preparing for Friday...with plan B being discussions after all get a sense of what the judges will say.
10am eastern time...7am pacific time...Aussies have to do your own calculations... Give it 30 minutes and those in the court room will be on their cell phones spreading their expectations...
Which means the price will move before the close on Friday... Hey, we can spend the weekend pondering our vacations....
LMU... Nice to hear from you. :} Been wondering how life is going for you. Trust you business trip went well and you still have your job and your SMME stock. I still believe you will be able to purchase that island...and soon.
I've gotten well over a dozen people into SMME. Some as recent as last week. I'm still a believer....looking forward to a trip to the bank soon. Can't but think this week will be exciting for all of us long=time holders/investors.
It's been close to 4 years or so. V/MC defense for the first 3 years and 6 months had been that the patent was invalid. The most recent court ruled it was a valid patent. No damages, thought, because the court said V/MC did not control how the card functioned and thus, the card's use of the patent was not their liability.
So THIS trial they are saying they are not responsible how the works and therefore should not have to be liable for infringement damages.
We say your own witnesses say you do control how the card works....the judges will decide Aug 8th.
As for the price...I agree. Previous times we went to court the price rose on speculation. Perhaps traders, not investors, are tired of the years of trials...??
Welcome to the club!!
You have arrived at the correct time. Some have been in this stock over 10 years and have paid well above $.60/share.
I, personally, have great expectations in this company. I believe the litigation will be favorable for us and that the "card" will, in the next 12 months, add great value to the price of the stock as well.
I have gotten about a dozen people into this stock over the 4 years I've owned it. It is a relief to see this chapter in the story finally come to an end in the weeks ahead.
G'day mate... The hearing is Aug 8. The ruling can take weeks depending on whether the judges agree or need to discuss their different opinions. Last time we were before the this court I believe it was close to 2 weeks before a ruling came down.
I believe no appeal in the court's decision can be made. Only an appeal of damages. However, as I recall Chaya's conference call months ago, if damages are awarded and an appeal is made, monies/stock would be required to be placed in an escrow account.
Looking forward to peace and contentment in retirement!!!
It appears, powerbattles, you are new to this stock.
August 8 is the date of VERBAL arguments, NOT the date of the court's decision. The decision will come weeks later. It is during this waiting period that the stock will react to what people perceive the decision of the judges will be.
A buyout of SMME was raised over a year ago during a conference call with Chaya, the CEO. At that time she said a buyout of SMME was not a probably. Maybe because as the majority stockholder she was unwilling to sell the company.
Just the facts...
August 8 is when the parties go before the court and give verbal testimony for their position. It could be 1-3 weeks after August 8 before the court gives its verdict.
I estimate every $1billion awarded in damages will equate to $2 1/2 per share in price:
$1,000,000,000 awarded
400,000,000 lawyer fees
600,000,000 SMME share
250,000,000 approx. shares outstanding
$2 1/2 per share.
I also believe the $13.4 Billion asked for includes all estimated royalties for the life of the patent.
Bale out...PR of June 24 indicates the card is being offered (marketed) to banks in Europe and tells us we are close to a manufacturing deal.
As for patience...I, too, would like more information about the card, litigation and anything else regarding the company. I am part of those who are frustrated with the lack of info and slow progress of the card's release and litigation progress. BUT, I do believe many of the frustrations are being dealt with by Chaya and the Board of SMME and trust all will come to a good and successful end for all of us.
I am in my "wish I could retire" years--age 62 nearing 63. IF SMME does well, I will be able to retire. If it does not then I'm looking at dying on one of my TWO jobs that I am currently working. I work 7 days a week and my wife and I rarely have the opportunity to "date". You want to talk about frustration!!! The young among us (SMME shareholders) have the time and opportunity to overcome any disappointment SMME may face. I, on the other hand, and those among us who are tiring and wearing down, do not.
If anyone should be shouting "frustration" it would be the latter.
I trust Chaya is doing what needs to be done. I believe that in the weeks ahead we on this message board we will ALL be posting different comments with a different attitude.
It is August 8th as stated in the release...one week from THIS Friday, which is August 1st.
Greetings...I have learned along the way of life that there is a good and proper way of doing things--like asking questions--and an ugly, improper way of doing things.
To point: you catch more flies with honey than vinegar;
kindness goes a long way; and
the 1st time mentioned battle cry: "Remember LateNightMike".
In the almost 4 years I've been an investor in SMME I've come to believe that Chaya, as much as any investor, wants questions answered. And I believe that she shares as much with us as she can. I am sure she is being told to watch what she says about anything until the litigation is over. Reading the recent PR's also gives insight into some of the questions wanting answers.
As for the reality of the product: All Doubting Thomases will, I believe, be faced with the truth soon. It cannot be easy to market and sell a product with cutting-edge technology. There is nothing to compare it to and such an outlay of resources will be high. Time and patience on our part along with Chaya's hard work will serve us all in the near future.
View the presentation of "The Card" at the National Investment Banking Assoc. conference June, 2014.
Nibanet.org--click the June, 2014, event under Conferences.
Scroll down to the presentations listed.
glenc...do read up on the litigation. V/MC's argument for 3 1/2 years was that the "464 patent" was not a valid patent. The most recent court upheld the validity of the patent...as did other court decisions. Thus going into this phase of litigation V/MC now has to change their complete defence.
AND I agree with other posters when they say that Bright is a big reason to hold on to hope of a damage award. He and his firm is doing this on a contingency basis...no win...no money for them or us.
As for the card, changes to improve it have been made along the way. To say or intimate that one does not exist is a personal insult to Chaya and a complete statement of ignorance. In June the product was presented at the National Investment Bankers Assoc. One does not go before such a body with the intent to defraud.
I believe, mate, this is the LAST one...
I embraced at $.16 myself with 1725. Feeling good....
Perhaps....but recall one SMME shareholder who said that her husband was out of work and she maybe out of work in months. She lamented that they may have to sell some of the million or so shares they own just to live on.
It has happened to me and perhaps to others as well...just a thought.
The patent and the biometric card are two different things.
The patent covers how the connection to the network is made/determined from the terminal being used. AND yes, other institutions are also using the patent...however, when we win this battle it will follow that others will negotiate royalties rather than battle a losing fight in court--ie Am Exp, Discover, et al.
The biometric card is the apex in the industry. There are others similar to ours out there but are not as compact or high tech. Throughout the 5 years I've been in SMME the improvements to the card have been amazing. Given the latest reports, though, it seems banks, especially in Europe, have a great interest in using our card....we only wait for the finalization of terms!!!
I'VE LOOKED AT THEIR WEBSITE. NOTHING ON IT YET.
"The company has commenced offering its card to Banks and Financial Institutions with a tremendous level of interest particularly in Europe"
Indeed, Chaya has been working at getting the card out there. She is, of course, limited by the final results of her endeavors by those who would want to buy it...and that seems closer now than ever.
Any news from the NIBA conference??
Any twitter messages in the past few days???
Over the years of chatting on this board we get to "know" something of the character and personality of some of the chatters. You, LMU, are one of those who I have come to appreciate because of your most generous offer years ago to allow my wife and I to "visit your island" after SMME made its move upward. Serious or not the comment told me of your generosity and kindness as a person.
I am saddened to hear of your financial situation. Been close to that myself. It causes such stress and anxiety that all hope can be lost. We came close to losing our home--which is where ALL our financial wealth resides-- and at age 60 it is difficult to believe we would ever have recovered to have a reasonable retirement.
I can only offer my thoughts and prayers to you and Randy that after the many years of being a faithful and hopeful believer in SMME it all comes together in time for you to reap the benefit of your significant investment. It is now clear why some of the frustration expressed here is so constant.
We will know of the litigation shortly...I trust in time for you to still benefit greatly...and that may be what is needed to move forward with the products....
Shine on Shiner!!
My thoughts for a very long time...though you have expressed them in such an eloquent, obtuse way.
Dear fellow shareholders....Why would any of us believe that Chaya is holding back any information that she could share and does not share?? She is without a doubt aware of our frustrations and concerns...which she also, I believe, feels...and would in a heartbeat share what she can with us when and if able to. She is not our enemy...we all stand on the same side with the same hopes...probably more her than any of us.
Timing constantly comes up with references to past statements. Things do change. Promises made on one side of an agreement sometimes go unfulfilled or delayed. Which changes everything downstream. Schedules change due to many circumstances. If we who have been in this stock for very long should have learned long ago is that dates mentioned need to be considered with flexibility...without added assumptions that they were made intentionally to be misleading and untrue.
As for the litigation--would any person or business, especially one with a good and respectful reputation as our legal team has, take on a case like this on a contingency basis without the expectation of winning??? They have fought long and hard for us and we are so close to the end, now, with great hope of winning, that I, for one, am willing to subdue my concerned feelings regarding the products of the future and let this part of our company find its fulfillment.
Let it also be repeated that it has been stated that work is being done away from America to get the products to market and the reach and influence of V/MC around the world may be greater than any of us may know.
And I leave with this thought--AmExp and Discover. Not a part of this litigation. When we win, might they be given access to our technology and have V/MC excluded from it and left to use a more inferior card?? What would that do to the world of credit cards....????
Still a believer....
380,000 here and saving pennies for more...