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I, too, appreciate your info. Many of us do not have the access to Pacer and do welcome the news.
Interesting and informative....but statistics look backwards. The future of each case determines those statistics and there are always exceptions to the general conclusions of the statistics. AND IF SMME loses/receives nothing from this endeavor...what does that say regarding the US patent office? IMO it would say that patent 464 is meaningless...then what conclusion does that lead to regarding the US Patent Office??
AND again, what affect does the Appeals Court decision of last year mean as well?? Taking this case on its merits...IMO we will do well with our investments....
thank you...
website please
I have always been confused regarding the Federal Appeals Court decision...as it relates to the trial ahead. Has it been determined by the Appeals court that there was patent infringment and therefore ONLY damages need to be determined in the Sept trial? OR does the trial ahead determine whether or not there was infringment and if so determines damages; or if not no damages are to be awarded. AND if the later...what effect would the Appeals court decision have on an appeal??? In short...what is to be determined in the Sept trial and how does the Federal Appeals court decision matter to it????
In English please...
thank you
My vote is with you....
Please define/describ DTC
I see nothing that connects Smartmetric with the investment firm you show....
I heard the CC and must disagree with you. She was forthcoming in explaining that things are in the works for distribution via a national drug store chain and possibly a Fortune 500 company. She mentioned that a sales force, in the traditional sense, is not part of the game plan. Sell a million of these to a CVS or Walgreen and let them do the individual sales...or to a Unitedhealth or Humana and let them distribute them. Makes a whole lot of sense to me..... And the radio ads need to be no more than informational with an "800" number to call or a website to link to. Glad she's running the company...
Some of the highlights...
--Medical key will soon be available in the UK and USA. Major drug store chain, to be named later, is in talks wih SMME to sell/distribute. ALSO Fortune 500 company in talks regarding the medical key as well for use in their network. Price in UK: $100, in USA: $89.95 Tt will be easy to use and usable in all PC's which all medical offices have. The gross profit margin will be around $45/key. Est of 1st year sales: 1 million to 5 milliion
--Biometric Card will have multiple uses from credit cards to security cards. No pin number is needed, only a swip of the card holders finger which the chip will read and then, if acknowledged, active the usage of the card.
--Production of the Medical card, if I heard correctly, will begin soon. The Biometric card will come to market when more funding is available...either with the funds from the medical card or the lawsuit.
--Lawsuit damages asked by SMME will be announced within a week or 2 weeks. It will be over $1 billion. With approx. 130 million shares outstanding the PPS (price per share) will make all those of us believers with meager means a rather comfortable retirement. There are no offers from outside to buy SMME; V/MC appear NOT to have mentioned this pending lawsuit in their annual reports; Patent "464" is a US patent only--however, prior intellect property rights may prevail worldwide...
Those are the highlights of the Call that I remember. AND the reference to a Merry time by Christmas means, appart from the obvious connection of the words, only means that our money will certainly be in the bank.... BUY ALL....
Good question. I knew no more that what was made public. I am aware that property in America and I believe in Latin America was owned by the company...don't know about what happened to it. This activity could well be in regards to the disposition of those assets....I wish someone would say something about the activity....
Conference call was informative. News out regarding amount of damages SMME will be seeking in a week or two. Chaya was very positive and open in the remarks she made. By Christmas we will be quite merry campers...
My broker at the time told me to take some profit at $.60 I should have listened to him. My breakeven is about $.02...hope to get my money out.
I owned it when it was La Forza, before John took it over. Ran with it the whole time, believing and hoping it was all true...
How long have you been in it?
Wondering who owns this stock? I ran with it from the lows to its discinagration... Anyone out there who has been in this stock through its storied life?
Thanks for the legal information. I am surprised that the papers were handed over...anyone else surprised??...rather than talk of a settlement. What kind of "trade secrets" are in there that V/MC want to keep secret? If that is true re: the "trade secrets", do you think they will go to a public trial for all the world to see them??? Wonder if SMME will return to the courts and ask to allow Chaya to review the papers...???
NOW is the time. There is thought their lawsuit against Visa, Masterdcart, et al will not go to trial in September but will have an out of court settlement before summer. AND the product they are soon to begin to produce WILL capture the credit card market around the world... Every time I can save $100 I buy more of SMME...
I've been in since July, 2010. I've learned patience...but it's not fum...
Thanks for the clarification... :)
Which month?? Feb 15 and 22 are Fridays...March also...
As I understand the situation over the last almost 3 years of ownership and interest in Smartmetric the Federal Appeals Court in April, 2012, I believe was the date, ruled that the patent "464" WAS INFRINGED UPON by the card issuers.
Discovery now taking place, if I understand it correctly, is to determine whether or not defendents INFRINGED knowingly, not good for them; to what extent they continued to infringe once they did become aware of their infringment. And what compensation will be given to SMME for the infringment; what actual damages were suffered by SMME by the infringment...What lost royalities there were.
Recall the case against Ford, GM and other automakers over the intermintent windshield wiper...made into a movie sometime back. The BIG guys think they can outlast the little guys...but this time the BIG guys were wrong.
If you were on the jury and heard the case as you know it....what would you do??? Offer SMME a few million?? hundreds of millions? V/MC have net profit of $Billions each quarter... AND remember, if it goes to trial, there are "punitive damages" which can also be given to SMME, up to 3 times the actual damages....
Look for an out of court settlement before June, 2013.
If you think that discovery in the near future is about determining whether or not V/MC are in violation of patent 464, then explain to me what the Federal Appeals court's decision of last year determined. Is not discovery about the extent of the violation and the determination of damages for that/those violations??
Thanks for posting the facts. It seems to me a no win for V/MC and SMME. SMME can approach the court later and this decision/no decision may be reversed. I would still be surprised if V/MC produces ALL the documents requested by SMME by the March due date. Hope reigns eternal...
Thanks for posting the facts. It seems to me a no win for V/MC and SMME. SMME can approach the court later and this decision/no decision may be reversed. I would still be surprised if V/MC produces ALL the documents requested by SMME by the March due date. Hope reigns eternal...
Better to sign contracts than to TALK about signing contracts.
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SmartMetric Reader Opens Biometric Market
January 21st, 2013 | Author: Stefanie Hoffman
You only have to look at news headlines to know that noise around unsafe passwords is reaching a critical mass.
Brute force password tools are readily available for download. And organizations such as Anonymous and other hacker collectives are not about to surrender their notoriety they achieve by hacking into corporate databases and posting scads of user passwords on public online white boards.
Going forward, all that FUD will likely open a gap for risky passwords solutions to eventually be supplanted with enhanced identity and authentication solutions.
It’s a trend that spurred the development of a new technology, developed by identity firm SmartMetric Inc., in the form of a biometric fingerprint reader that fits inside devices as small as credit cards.
The technology emerges as a bit of a disruptor by leveraging users’ fingerprints, used in lieu of passwords or PIN numbers to protect transactions on the 1.5 billion EMV banking cards issued globally. The solution is one of the manifestations of a ten-year research and development endeavor designed to create more secure alternatives to increasingly vulnerable password technology.
The fingerprint technology will manifest in products geared for the financial and online transaction sectors. And that could, in turn, potentially pave the way for the channel to further introduce biometric solutions in those and other vertical markets heavily reliant on security or tapped to adhere to mounting compliance regulations.
Now in general, biometrics haven’t gained the widespread adoption experienced by identity and authentication solutions – for a lot of reasons. Historically, as Channelnomics has previously pointed out, multi-factor authentication solutions, which often incorporate biometrics, has been perceived as cumbersome and complicated, while requiring too many moving parts.
However, the market is forecast to grow. A Reportlinker research report estimated that the biometric solutions market is slated to grow at a CAGR of 21 percent between 2012 and 2014.
Perhaps not surprisingly, the most salient target markets are Point of Sale, ATMs, border security divisions, military contractors and other government sectors that require official clearance and top security systems to guard classified and highly sensitive information.
And other reports have projected steady growth of biometrics in public sector arenas as more organizations forego passwords and other static mechanisms for more robust security defenses.
But with a rash of password hacks gracing news headlines, it’s possible that biometric solutions – such as the fingerprint credit card reader — could trickle to enterprise market segments, as well as retail, healthcare and other verticals
That ultimately could open up a few new avenues for solution providers, who could deepen industry ties while expanding compliance and other security portfolios with a new crop of biometric value-adds.
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Posted in Channel Business, Compliance/GRC, News, Security, Software | Tags: Anonymous, biometric, fingerprint reader, identity and access management, multi-factor authentication, SmartMetric
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I've been in SMME for about 3 years. I've rode it up and paid $.75/share and down and paid as low as $.15/share. Wonder what the price was 7 years ago???
The product is a winner. But with the product, as I mentioned, will be competition. And for now, Samsung and others have deeper pockets than SMME.
The lawsuit will certainly allow SMME the necessary funds to put this aray of products out into the market. I believe that is one reason it has taken so long to get it out there. Why borrow funds when you can use the money from the lawsuit. Ms. Hendrick has always believed, and now proved correct, that the patent was valid and valuable. 2013, will show just how valuable it is. For me the lawsuit has always been the catalist for buying. I believe we are talking $6-$10/share of funds going to SMME. Remember, the patent was issued in 2004. That's 9 years of infringment at BILLIONS of transactions per year. In addition I would not be surprised if there are talks, even now, of a pre-trial settlement or a buyout after the lawsuit is settled.
I believe, as I have said, that once the suit is finished the funds will allow SMME to take to market the products of the company OR possibly be bought out by someone. With both the lawsuit and products we will all be kicking ourselves for not mortgaging our homes to buy more stock.
For me it is first and foremost the lawsuit which they have already WON. The Federal Appeals Court has ruled the SMME patent was and continues to be infringed upon. What is left to decide is the monetary damages to be awarded to SMME.
Also, the product has unbelievable potential. I remember reading about a year ago that Samsung was going to invest about a Billion dollars to create what SMME has already developed.
I wonder if SMME has ever been approached regarding a buyout/merger?? Perhaps after the lawsuit we will hear about such action. By then SMME and possible buyers will have a better idea about the value/price of the company.
Thanks for the information
That's how I read it.
It seems to me it is nothing more than a trademark of the phrases mentioned. With the abandonment of the trademard on those phrases, others are now able to use the phrases without fear of legal recourse.
Those who have the least to say talk the most...
I remember reading somewhere that the agreement you mention, though expired, will be supperceaded by any and all aggrements and contracts to license the product. In short, it is a moot event. I, for one, don't think the CEO would spend all this time and money to build up SMME only to take away the company"s sole product.
Also, it was mentioned some 3-4 months ago that SMME receive a Million dollare funding to complete the plant for production.
As for the suit, I think the legal firm is working on a contingency basis...we win, they win; we lose the battle, they lose any monetary compensation. Can't believe it would be any other way. When the suit started, SMME had no funds....
Some, like me, don't have the time or skill in looking up information that may be easy and available to others, like you, who are able and skilled in doing so. So my thanks for the information shared which comes from the public forum is a reflection of my upbringing to show my appreciation to others who do good and kind deeds for those beyond themselves.
As for SmartMetric, my experience over the last 2 plus years in following them is reflected in my comment in a previous blog. They are not always forth coming to the public forum with information and on many occasions information comes via others like you who glean it from multiple sources.
As for your "show" of vocabulary...it does not impress me at all. A few, like myself, do understand what you are saying. However, it is my experience that those who over compensate in some area of life, be it the use of vocabulary, the vehicle they drive, or outragious behavior, shows that they are trying to make up for some other deficientcy in life. ?? I have been taught and do believe that if you want to say something that is vaulable, say it at a 5th or 6th grade level. Then people will understand you and you won't come off as some arrogant show-off.
Finally, I do appreciate the valuable information shared via blogs. I for one, though, don't value the negitive and/or sarcastic, demeaning comments by others toward others. It's just my upbringing. Long ago I learned that when I look in the mirror, my negitivity towards others is reflected in myself as well. Do enjoy the day and the money you will make on SMME
Thanks for the information. It appears you are more fothcoming with information than SmartMetric. The information is always welcomed and appreciated. I, too, see this as a WIN for us and with the comment about all materials becoming open to the public eye if we go to trial may encourage an early out of court settlement.
At my online broker you cannot sell penny stocks at "market". You have to put in a price and sell as a "Limit" order. Perhaps he wanted to sell for a time and kept reducing the limit price or just to sell all shares quickly put in a ridiculiously low price to sell all of them because he needed the money fast. Putting in a "limit" price of $.001 meant that the seller could have gotten more for his sale than the $.001...but appearantly didn't.
On the other side, buying with a limit price, for example, $.005 still allows the buyer to buy at a lower price. All depends on the "market-makers" eagerness to get rid of the shares.
Remember, some people HAVE to sell for personal financial reasons. The fact that they had to sell at $.001 tells me the sale was a desparate move. Why else would someone sell this stock at that price?
I believe the announcement was that instead of starting production in the 4th quarter of 2013, as originally stated in the PR, production would begin in the 1st quarter of 2013.
See 10K released in Sept, Part 1, SmartMetric Biometric Datacard, lines 5-6.