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Hey Potts...been a while since you've commented. I wonder if the Big Boys...Visa/MC...are using their influence to dissuade banks in America and around the world from even talking to SMME re: our card. Think a lot rides on the litigation outcome...
So you're the guy in the cell next to me.... I'm all in with SMME. "All in" is not much...but it is all I have... Darn divorces....:(
Glad you're out and about now...still have to wear the ankle bracelet?? :)
If you recall the past, each time we got close to a decision on the litigation the volume and the price rose. I attribute it to "TRADERS"--as opposed to "investors"--who are looking for a quick buck. I predict and expect the same will continue during this final round of litigation. The closer we get to the oral arguments the more the volume and price will increase.
AFTER the oral arguments activity will pick up and the price will travel up or down depending on "TRADERS" perception of the oral arguments.
A positive ruling for SMME with a minimum award of $4 Billion will mean a stock price of around $20 per share....then let the party begin!!! :)
Mattski...My point is this: Give up a portion of the company; dilute the investment of all shareholders OR wait a couple of months and see where the litigation goes.
To my point again: V/MC argued the patent was invalid therefore for their use of it they should pay no royalties. The last judge ruled against this defense. He ruled the patent was valid--WE, CHAYA, THE LEGAL TEAM WAS CORRECT IN THEIR PROSECUTION CLAIM. Why did we receive no money?? The judge ruled that V/MC, though using the patent in their network, V/MC did not control HOW the card used the system. That responsibility/liability fell to someone else.
To the Appeals Court: V/MC now have to change their defense. Our #1 legal team believes strongly that V/MC in their earlier testimony have already admitted they control HOW the card works. A sure win??--No A rather better than 50/50 win??--Sure seems like it to me and I would risk two months of waiting time to see the results. Risk/reward, I think, seems to favor waiting.
If we win, as was stated in earlier releases, there is NO more appeal available to the case. If (when) we win and the court announces the amount of damages they are required to pay up in a rather short amount of time--detail escape me. ALSO, they may appeal the AMOUNT of damages awarded, I believe, but they are still required to make a significant deposit of the award. To the point of your customers--I trust they are not under court order to pay.
Realize, too, that if there is no out of court settlement before the judgment is made the court MAY award punitive damages IN ADDITION TO the actual damage award. This can be up to 3 (three) times the damage award. FOR EXAMPLE: We are awarded $3 Billion for damages and an ADDITIONAL $3 Billion or $9 Billion for punishment.
WORTH THE WAIT???
Why V/MC have not listed this litigation in their reports to their shareholders is an enigma to me. The fact that they are in court, I thought, would have required them to report it--not their belief that there defense was accurate and correct.
Finally, one of the recent PR's I believe mentioned SMME was in contact with banks around the world for use of the card. Difficult for me to believe MC/V would be in a lawsuit with us and at the same time discussions with us for the use of our product. Know, too, that the EMV card has been in use around the world for YEARS... and only recently in use in the USA. We are slow to use new technology...
See you at the party...
What do you know that we don't?? :)
You flatter me... NO, not worried at all.
Months away from final determination of litigation: I just can't believe that one of the best, if not the best, law firms in patent matters takes on our case on a contingency basis without a firm believe that we will win. Also, V/MC can no longer argue the patent is invalid...they now have to change their defense. Were we, SMME, correct in our initial claim??.. Seems so to me. The court has ruled Patent 424 is valid and SOMEONE, therefore, at sometime will pay us for its infringement.
As for funding: My business education is long in the past, but my advice, if asked for, which it was not, but will be given here would have been this: Chaya, do you really want to give up more control of the company or involve more people in the operation of the business just to get the card to market ONLY months away from possibly having enough funds to be self-funding? I hope not.
In addition, as I read between the lines of the PR's, Chaya is, without a doubt, putting things in order and at the ready. When the results of the litigation are known she will proceed forward in the direction necessary depending upon the decision of the Appeals Court, which will be forthcoming in a couple of months. From the comments made here on this board from people who have knowledge and experience with the pin-and-chip cards in Europe and elsewhere our card seems to be generations ahead of them. Thus, I again would advise the Company of SMME, shareholders and officers alike, WAIT until the decision of the court is made.
(Poor spelling and grammar are the results of bad typing skills and not the ability nor state of mind of its author.)
That's how I read it, too.
Gonski...EVERY post and poster is biased... You know, "Is the cup half empty or half full?" How one responds shows their bias.
As for my affiliation: only as a stockholder for about 5 years with my life savings in this company. (Admittedly it is not very much. I am a poor person whose retirement is solely based on the performance of SMME.)
I am also a sensitive person, aware of how constant and repeated questions and comments of the same issues wears upon a person. I've experienced working full board, only to have someone push for more and more. Frustration sets in eventually, and one either makes the decision to give up or just ignore the comments and questions.
I am also reminded of the definition of "crazy": a person doing the same thing over and over again...expecting a difference response. He who has ears to hear, let them hear.
See you at the party...
That would be paragraph 10...of the news release.
Glad to hear the good news!! I knew, Chaya, you were making good use of the 'QUITE' period of news releases. Looking forward to hearing of first sales soon....
You again prove my point....
I remember a comment re: Fantozzi around the idea that he did not meet expectations and left the company....or was encouraged to leave... This was well over a year ago.
Bale out...over 5 years as an investor in SMME;
Purchased much at $.70-.75 range;
Breakeven point: approx. $.55
Reason: technology of the card and the litigation against V/MC,.
What part of my comment do you not comprehend?? It is not the asking nor raising of the questions, issues, concerns and frustrations......IT IS THE CONSTANT asking and raising of them.
Anyone here think that Chaya is NOT aware of what is frustrating we investors??
Anyone here think that Chaya is NOT aware that we as investors want to know more and hope for realization/sales of the products of SMME?
Anyone here think that Chaya does not want to make a success of SMME?
Anyone here think that the CONSTANT mantra of why, where, when...will move Chaya to reveal what she cannot reveal??
Fellow investors...She will tell us what we need to know when she is able to......
AGAIN my point: Give it a rest; Have mercy; Take a long and deep breath.
The fewer distractions from us, the more time and energy there is for Chaya to focus on solving the issues at hand that concern us. I believe she is very concerned about we investors and our monetary investments. We are in agreement that she is working long and hard at bringing SMME to becoming a profitable company.
Just let the echo of complaints be still...for awhile.....that's all.
Gonski...no one is suggesting that questions not be asked; nor that anyone feel sorry for our creator, developer and CEO; nor that frustrations not be expressed. The thought expressed by mrnutsandbolts is only that CONTINUED and FREQUENT and REPETATIVE expressions of the above help NO ONE nor add anything to the company's image and progress of its products.
The message is known and clear; the frustrations are visible and expressed. When there is news to report it will be reported--this has been true and undoubtably will continue to be the case.
The suggestion is only to take a break from the expressions of such frustrations over and over and over again...and maybe spend that time laughing. It will make you feel better than complaining. :}
LMU...Your faith in the company is not doubted...and never was. Adding to your position not only confirms that but will soon put you on the Board of Directors. (And you'll be able to buy 2 islands!! :))
It has also been said here that constant PR's do bring attention to the company. One of the problems is that "dates" are stated and many hold those "dates" as unchangeable. Setting a date 6 months out should be seen as nothing more than an educated guess. You and others are certainly aware of the problems that may arise between announcement and stated date.
And finally to my point...The message is quite clear to Chaya regarding investor questions, concerns, frustrations...which are without a doubt also held and felt by Chaya. BUT to constantly bring them up serves no purpose and may only add to investor concerns regarding SMME. In addition, it can only add to Chaya's own personal stress and frustration levels. I'm only suggesting that we BELIEVE Chaya is aware of investor frustrations and TRUST she is working long and hard at addressing them and making SMME one of the new IPO's on a major exchange in 2014. (OOOPS, that's one of those dates.)
Got to agree whole-heartedly with you.
And,if we as investors are frustrated....imagine what Chaya is going through...
An idea; a plan; dead-end leads; travelling the world to make her idea a reality; deals that fall through; constantly trying to better the product and lower the cost of production; coordinating all the pieces that go into making the product work; overcoming supply-chain issues and production problems; dealing with international laws and regulations; dealing with lawyers; facing personal insults; fighting the world's largest credit card companies (which only a headful of people will ever know what that is like)....and hearing INVESTOR FRUSTRATIONS!!!!
I know many have much more invested in this than me...but NO ONE has more invested in this than Chaya...and I know that she is well aware of the frustrations of the investors...
I think and suggest that we take a break from expressing our frustrations until the results of the litigation is known so all may have some respite from the negativity.
Let me again say, Chaya is well aware of investor frustrations. To constantly repeat it helps nothing....
I'll be in attendance...and let's not forget to thank Chaya for the battle and the rewards... We sit and wonder; She does the fighting; for that I'm grateful and would be willing wait even longer....
Thanks Duke...Gives GREAT hope and comfort that our long wait will be profitable and our leader, Chaya, has fought well with truth on her side!!! I'm maxed out on buying...no more children to sell. !! :) Full disclosure: 11K shares.
glenc... google either name and you will find the answer to you inquiry.
Start up/development companies--ie: SMME--don't have strong looking balance sheets or income statements. Even the IRS recognizes this which is why they allow such companies to write off their expenses for years AFTER they become revenue positive. I guess I also hear in your comment a BIG positive pat-on-the-back for Chaya for her ability to keep the company afloat despite a weak balance!!! Great Leadership!!
AS to your 2nd point...my use of the word "invention" was intended to be understood in the broad sense. She took a good idea and made it better...and better...and better. 11-10 years ago the technology she now uses was not available. Invent; improve...either way it sounds like a winner to me.
Hang, bite, sit on....do what you want with your fingernails...but keep them useful because by Christmas of 2014, I foresee a "party" in the land "Downunder".
Don't know what you have been watching for 10 years, but it seems your eyes were closed a bit during that time.
Google the name and you will "know/see" and have your answer...
As for the "ruling" re: non-infringement"...again I say your eyes must have been closed. The latest "ruling" re: the suit against V/MC was that V/MC were not responsible for the infringement because the judge concluded they had NO control over the card and how it functioned. TO YOUR POINT: V/MC then asked the judge to rule the "patent 464" to be invalid. The judge then ruled the patent to be VALID...YES A VALID PATENT.
I SUGGEST, when you are able to "see" again you review the comments and press releases posted on this board or elsewhere and "see" for yourself what is going on with this company...
And when you become wealthy from your investment in SMME, be sure to thank Chaya for sharing with us her ideas and inventions....
Greetings my fellow SMME shareholders from down-under...Pottsville, Duke, and LMU
News like this could start more chatter on this board...we've all been a bit quite lately. :)
Got to wonder how the District Court passed this issue by. If it is so clear when their own personnel admit wrong doing, why are we even before the Appeals Court???
I, too, am reenergized with the news release and, having just turned 62, am looking forward to a nice vacation in the near future. Any suggestions?? :) :)
could you make it sooner,,, my option expires in June. :)
A reverse merger with who and how would that work if you own the other stock?
It does in the polar regions...depending on the time of year.
Everyone wants "it" NOW. Believe me when I say, None want "it" more than the person who has spent years, time and energy developing it. We wait on the sidelines...They are in the game dealing with the stress and frustrations....
Let's all just take a break and wait....patiently.
Just a thought...
From who do you hear this??
Have you noticed the action in Zeons (Zeon)? Someone is buying its stock too. Granted small number of shares, but the trade today puts Zeons Market value at over $1BILLION!!!!
Have you noticed the action in Zeons (Zeon)? Someone is buying its stock too. Granted small number of shares, but the trade today puts Zeons Market value at over $1BILLION!!!!
Have you noticed the action in Zeons (Zeon)? Someone is buying its stock too. Granted small number of shares, but the trade today puts Zeons Market value at over $1BILLION!!!!
Have you noticed the action in Zeons (Zeon)? Someone is buying its stock too. Granted small number of shares, but the trade today puts Zeons Market value at over $1BILLION!!!!
What about Zeons? There's activity there, too.
It is for many of us
We are more the "quite" faithful here. Many have been in this stock for over 4 years and some for over 10 years. We wait patiently now, for this is the "time" when all good things will come to fruition--the production of the card, the advertising of the Medical Key Ring and the FINAL outcome of the lawsuit against MC/V. (Of course, there is, then, the litigation against other patent infringers like the banks...but during those days we will be enjoying the company of our friends "downunder", perhaps on LMU's island, as we count our "blessings"/dollars.
Thanks for the court update. Always nice to know the timetable.
Nice find Duke. It should add a number of investors to our rolls. More demand means higher prices...!!!
add my name to the "agreement" list. Too many names involved to think this stock is a scam.
Seems to me Chaya has been putting her time to good use...good creative use. Thanks, Chaya, for being ahead of the curve!!!
Well said my fellow investor. Seems most posters are from Downunder. Am I the only American who watches this board????