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LMU,
Great to see you back. Good feedback on the website ( under construction ?) coming from a stakeholder.Should not go unnoticed :)
Keyring production and sales is an important step for the company but IMO the shor term direction of the share price will be dictated by news on the infringement issue.
The Judge has been pondering about the case since June 24.I hope to see any news soon.
R.
P2D,
Website probably still under construction. The way it looks now is very "last century". Hope it will be updated to a modern 21st century site with all the bells and whistles.
A state of the art product can only be sold on a state of the art website IMO.
Noticed that the key only holds 8GB of memory. I remember reading that it was made to hold 64GB or 128GB.
Good to see that the company is on the move.
R.
Shiner,
As always, a joy to see your name on the forum. Hope our patience will be rewarded.
Have to let you in on a massive windfall I might be entitled to.
Your helpful advice always appreciated.
Received this email this morning:
From the Desk Of
Sanusi Lamido, Sanusi
New Executive Governor (CBN)
Central Bank Of Nigeria
Samuel Akintola Street,
Garki 11, P.M.B. 187, Garki,
Abuja- Nigeria
ATTENTION: ARE YOU AWARE?
Are you alive or dead? The reason for this question is that i received an email from Mr.John Green. He said that you are dead and you have given him Letter Of Authorization during your ill period to claim your your funds before your death.
Furthermore,we told him that what is holding the release of your fund($27,000,000.00) is the fee of the sum of $95 dollars only and that the fund have been approved for released to you via an ATM MASTER CARD with your name on it, in your favour and we asked him to call back on Monday, so we can confirm from you first. Are you aware of this or you are indeed dead?
He also promised to pay the released fee of of $95 dollars only on Monday on his arrival. If your are alive, Please quickly get back to me to this email by contacting the regional remitance officer in charge with details below
NAME MR. RAYMOND GOLD
EMAIL :( goldmrraymond@yahoo.com.hk )
This will let me know if you are alive or not.
Thanks for your co_operation.
Yours sincerely,
MALLAM SANUSI LAMIDO SANUSI
GOVERNOR CENTRAL BANK OF NIGERIA
Promising
The medical keyring website has undergone an update.
http://www.medicalkeyring.com/
R.
PS Thanks for all the constructive posts.
PS A$ well under 90 cents, great news for all investors Down Under. Investment in Smartmetric has appreciated 15% just on USD gains.
Good news for US investors too. 15% extra spending power when coming over for the Big Party
Pin or Pin?
PIN or PIN? Visa, MasterCard seek ban on credit card signatures
Date
July 23, 2013 - 2:58PM
PIN or PIN? PIN and wave may be the only credit card confirmation options if issuers succeed in having signatures banned.
Shoppers and diners will have to remember even more secret numbers if credit card companies are allowed to ban them from signing for purchases.
In a bid to reduce millions of dollars of credit card fraud, Visa and MasterCard want 90 per cent of in-store credit card sales verified by personal identification number [PIN] by the end of this financial year, according to a joint application lodged with the competition regulator.
The ease of forging a signature, and sales staff failing to double-check signatures, are cited as reasons for high fraud rates. The companies want to see signatures banned by June 30, 2014. The move will affect consumers who prefer the traditional signature method. The remaining 10 per cent of transactions do not require a signature.
Banks and the Australian Retailers Association support the move, particularly as Visa and MasterCard have offered to help fund a consumer and business awareness campaign.
Advertisement
However, in submissions to the Australian Competition and Consumer Commission, small businesses have raised concerns about the cost of the changes. They say restaurants and cafes may have to buy portable eftpos machines or ask diners to walk to the counter to pay, rather than delivering a slip of paper to the table for signature. Another concern is that customers would not have the chance to leave a tip, or verify prices on screen before they pay, as they do on paper.
The changes would not affect other payment methods, such as proximity payment at eftpos machines such as Visa's payWave and MasterCard's PayPass, online digital wallets and mobile app payments.
They have sought approval from the competition regulator to co-operate with banks on the proposal and plan to launch a PINwise website and PIN@POS [personal identification number at point of sale] advertising campaign in September, or after the federal election.
Visa and MasterCard estimate that 45 per cent of credit card users still sign for purchases. They want 90 per cent of sales approved through PIN because "it is much more difficult for a fraud perpetrator to ascertain a PIN than to forge a signature".
"Historically, signature was one of the main types of cardholder verification ... over time, merchant acceptance practices have become increasingly lax when it comes to verifying the signature on the transaction receipt," Visa and MasterCard's application to the regulator says.
"Often, the card is already returned to the customer's wallet before the receipt is even signed . . . requiring the use of PIN removes the option of verification by signature".
Fraud on stolen cards declined substantially in Britain after PIN@POS was introduced in 2006, according to the application.
But stolen or never-received cards which facilitate signature forging accounted for about $23.5 million worth of fraud on Australian cards last financial year, compared with $235 million lost through skimming and card-not-present sales.
Australia's biggest banks, including the Reserve Bank, support the move as a way to combat fraud. But the Reserve warns that the campaign must include all credit card providers or may be interpreted as a promotion for Visa and MasterCard being more secure than other cards.
Visa tried to introduce PIN-only transactions in 2009 but banks were concerned that customers would be confused if they could still sign for other credit cards.
MasterCard agreed in 2011 to introduce an identical PIN@POS mandate under pressure from banks. Visa then formed a steering committee to co-ordinate the move to PIN-only sales.
Other credit card providers, Diners Club and American Express support the proposal. But American Express said it pulled out of the steering committee because it was concerned the meetings could breach Australia's competition laws, which forbid cartel behaviour.
The competition watchdog will accept submissions until August 9 but has not revealed when a decision is due.
Read more: http://www.theage.com.au/digital-life/consumer-security/pin-or-pin-visa-mastercard-seek-ban-on-credit-card-signatures-20130723-2qgf4.html#ixzz2ZqObHD7x
SS,
AAA contributions.
Thanks
R.
Thanks Groundhogrock,
FYI Investors Hub offers another fine feature.
If you feel a message is in violation with the rules set by IH, just press the link " Report A TOS Violation ".
You will find this link in red, in the right hand corner under the message.
It gives you the opportunity to explain your grievances and objections.
From experience I can tell that the Admin people are listening and have been most helpful to me in the past,
Take care
R.
Potts,
No probs. FYI. Investors Hub offers wonderful features.
If you don t like what I write, don t think the jokes are funny or if you think that I incite anger or try to bait you, there is a simple solution.
Just click on my username, ranger2118, on top of the message . You will be directed to my profile.
On the left hand side of the screen you will find an option: Ignore this member.
Click it or if you appreciate my contributions, Please DON T !
Another nifty option is that you can manage your ignores.Go to settings( next to log in/off in the right hand corner of the site) and manage your ignores.
Take care
R.
Potts ,
Please,listen to your good friend .
R.
Dear Chaya,
Edward Snowden is the most recent proof that it only takes one disgruntled employee to expose how vulnerable national databases can be.
A recent article below on vulnerabilities
Healthcare Interrupted - Top Five Vulnerabilities Hackers Can Use Right Now To Shut Down Medical Devices
Monday, June 24, 2013
Contributed By:
Matt Neely
As medical science advances, so too does the equipment used to deliver care. In a modern-day hospital, more and more medical devices, such as IV pumps, ventilators, MRI, CAT Scan and X-Ray machines are attached to hospital networks. Putting medical devices on the network provides a large number of benefits, such as supporting telemedicine and the easy transfer of test results to electronic medical records (ERM) systems. However, putting these devices on a network also introduces a number of risks.
Networked Cat Scan
By performing penetration tests on hospital networks and medical devices, SecureState has found that many commonly used devices are insecure and can be easily compromised.
Top Five Vulnerabilities in Medical Devices
1.) Denial of Service Vulnerabilities - Among the most serious weaknesses found in these devices are flaws which allow attackers to crash a device or cause it to disconnect from the network. These devices are often very delicate, so basic denial of service attacks can crash them. We’ve seen cases where a flood of traffic, which any modern day desktop or laptop could handle, crashed a medical device. A device susceptible to this form of attack may simply disconnect from the network or could stop functioning all together, interrupting the care being delivered to the patient. Denial of Service attacks can be an inconvenience in many other industries, but when we’re talking about the healthcare industry this could directly impact a patient’s health depending on how badly the medical device fails.
2.) Weak and Default Passwords - Medical devices commonly have weak passwords set on them or have built-in back door passwords which cannot be changed by the hospital managing the device. This means that attackers can easily guess the passwords used to protect the device and gain access. Vendor built-in default passwords pose a special challenge because these credentials often give attackers access to diagnostic and configuration information which can aid in more advanced attacks.
Networked Medical Device
3.) Missing Security Patches - Medical devices running on Windows or Linux operating systems are often missing critical security patches. Medical devices are often not patched once they are deployed, and are commonly years behind on critical updates. Compounding this issue, many devices are still running Windows NT and Windows 2000, which are no longer supported by Microsoft and therefore no longer get security patches for new vulnerabilities. Often times these missing patches leave these devices vulnerable to computer viruses such as Conficker, which downloads additional malware like keystroke loggers to a device and traditionally adds infected systems to a botnet. Additionally these missing patches allow attackers to easily break into these devices using readily available tools such as Metasploit.
4.) Unencrypted Management Traffic - Management interfaces used to remotely administer and sometimes operate the device are frequently unencrypted. Similarly when these devices send data to a central monitoring and ERM systems, this traffic is often not encrypted. This means that attackers who are monitoring the network can steal passwords used to log into the device, hijack connections and view and alter patient information sent to and from the device. This is of particular concern for devices using WiFi networks.
5.) Web Application Vulnerabilities - A growing number of network attached medical devices have web interfaces used for status updates or remote management. Often times these interfaces are not securely coded and contain web vulnerabilities such as cross-site scripting (XSS) and SQL injection. These vulnerabilities vary in the type and complexity, but could allow an attacker to log into a device without providing a password. That person could then change settings on the device or access private information.
Many Risks and Insufficient Guidance
As you can see, these vulnerabilities pose a number of risks to patient care. Most concerning is that many of these devices can be taken offline, shutdown or infected with a virus when an attacker isn’t even targeting them. When SecureState has investigated infections of these devices, we often find the virus was accidentally introduced into the network. Also concerning is the idea of attackers targeting on one of these systems, using these common vulnerabilities to crash medical devices, change settings, and view and manipulate patient data.
Recently the FDA released draft guidance for hospitals and device manufactures to secure medical devices. Although this guidance is a good start, it is too high-level FDA Medical Device Securityto be truly useful and does not provide actionable information hospitals and device manufactures can use to improve security. As an example, the FDA guidance mentions encryption, but does not provide any guidance around selecting secure algorithms or performing key management, which are critical to properly implementing encryption. Additionally, the agency does not recommend types of security tests that should be performed on devices, which can be used to verify that implemented security controls are actually working.
Shiner
As we are preparing for , maybe, another stressful week ,waiting for Judge Fitzgerald to have his say, it is now time to relax and enjoy our weekend.
My story:
The Lone Ranger and Tonto went camping in the desert.
After they got their tent all set up, both men fell sound asleep.
Some hours later, Tonto wakes the Lone Ranger and says, “Kemo Sabe, look towards sky, what you see?”
The Lone Ranger replies, “I see millions of stars.”
“What that tell you?” asked Tonto.
The Lone Ranger ponders for a minute then says,
“Astronomically speaking, it tells me there are millions of galaxies and potentially billions of planets.
Astrologically, it tells me that Saturn is in Leo.
Time wise, it appears to be approximately a quarter past three in the morning.
Theologically, the Lord is all-powerful and we are small and insignificant.
Meteorologically, it seems we will have a beautiful day tomorrow.
What's it tell you, Tonto?”
“You dumber than buffalo manure. It means someone stole the tent.”
Thanks Chaya,
Always encouraging to have a " view from the top"
Can see many applications for the keyring. It could be of great benefit to Intercontinental and interstate travelers . Sold through travel agencies , travel insurance agencies ore health funds.
The possibilities are unlimited.
R.
Shiner,
Where would we be without you??I think everyone agrees with me that you lighten up this forum.
Hope this one makes you smile
Adult Scrabble...
Rearrange the letters to spell out an important part of the human body which is even more useful when erect.
P N E S I
People who wrote SPINE became doctors...
The rest are all my Investorhub friends...
Shiner,
Good to see you back. You were a bit quit there for a while.
Hope some humour will get you back more regularly.
A man was sitting in the bar at Sydney Airline Terminal and noticed a really beautiful woman sitting next to him.
He thought to himself, "Wow, she's so gorgeous - she must be an air hostess. I wonder which airline she works for.
"I still call Australia home," he says to her.
She pulled away from him and gave an ice-cold glare. "Obviously not with QANTAS, " he thought.
Still hoping to pick her up, he leaned towards her and uttered the Delta Airline slogan, "Love to fly and it shows?."
She gave him a blank stare and he immediately thought to himself, "Well, she obviously doesn't work for Delta."
A moment later, he leaned towards her again and said, "Something special in the air."
She gave him the same look, and he mentally scratched Singapore Airlines off the list.
He thought, "Perhaps she works for Thai Airways...." and said, "Smooth as silk."
This time, the woman turned on him and said,
"What the &%*# do you want ?"
The man smiled, slumped back in his chair, and said, "Ahhhhh, Jetstar !!"
Great idea count me in
Potts,
On one condition . He has to tell us when he is selling :)
Fastlane,
I much appreciate your contribution
R.
OBP,
Compliments, shows you know what you talk about and what you are doing.
Thanks for sharing.
R.
Dear Chaya,
I forgot to mention my source as I often like to do when I state facts.
http://www.nasdaq.com/symbol/smme/interactive-chart
Best is to use candlestick charts.
November 15 2010. The share price traded at 88 cents.
R.
Dear Chaya,
You are spot on . In the last quarter of 2010 it trade well above 80 cents. If I remember correctly, 88 cents.
R.
I can save you that effort :)
Et voila
If you have a look at hotstocked smartmetric market depth ( yesterdays trading), you will see that N&B is a dead honest contributer.
N&B , I welcome your contributions, your enthusiasm and your honesty.
Hope to catch up some day.
R.
Moderator
With the company going from R&D stage to production stage on top of a lawsuit that is getting to the business end I expect more investor interst in the stock and as a result more contributors posting on this forum.
We need a moderator on this board.
R.
Electronic medical records
Digital Health Records’ Risks Emerge as Deaths Blamed on Systems
By Jordan Robertson - Jun 26, 2013 2:01 AM ET
When Scot Silverstein’s 84-year-old mother, Betty, starting mixing up her words, he worried she was having a stroke. So he rushed her to Abington Memorial Hospital in Pennsylvania.
Enlarge image Digital Health Records’ Risks Emerge as Deaths Blamed on Systems
When it comes to electronic records, the most dangerous time for patients appears to be immediately after a facility installs the new technology. Photographer: Reza Estakhrian/Getty Images
Enlarge image Digital Health Records’ Risks Emerge as Deaths Blamed on Systems
Digital medical records, a cornerstone of U.S. President Barack Obama’s push to modernize the nation’s health-care system, are increasingly common at the doctor’s office. Photographer: Javier Larrera/Getty Images
After she was admitted, Silverstein, who is a doctor, looked at his mother’s electronic health records, which are designed to make medical care safer by providing more information on patients than paper files do. He saw that Sotalol, which controls rapid heartbeats, was correctly listed as one of her medications.
Special Report: Medical Technology: Electronic Health Records
Days later, when her heart condition flared up, he re-examined her records and was stunned to see that the drug was no longer listed, he said. His mom later suffered clotting, hemorrhaged and required emergency brain surgery. She died in 2011. Silverstein blames her death on problems with the hospital’s electronic medical records.
“I had the indignity of watching them put her in a body bag and put her in a hearse in my driveway,” said Silverstein, who has filed a wrongful-death lawsuit. “If paper records had been in place, unless someone had been using disappearing ink, this would not have happened.”
Abington Memorial is vigorously fighting the allegations and doesn’t comment on pending cases, said Linda Millevoi, a spokeswoman for the hospital.
Electronic health records are supposed to improve medical care by providing physicians quick and easy access to a patient’s history, prescriptions, lab results and other vital data. While the new computerized systems have decreased some kinds of errors, such as those caused by doctors’ illegible prescriptions, the shift away from paper has also created new problems, with sometimes dire consequences.
Drug Doses
Dangerous doses of drugs have been given because of confusing drop-down menus; patients have undergone unnecessary surgeries because their electronic records displayed incorrect information; and computer-network delays in sending medical images have resulted in serious injury or death, according to a study published in 2011 based on reports submitted to the U.S. Food and Drug Administration.
According to a study published in December by the Pennsylvania Patient Safety Authority, the number of reports about medical errors associated with electronic records is growing. Of 3,099 incidents reported over an eight-year period, 1,142 were filed in 2011, more than double the number in 2010.
Digital medical records, a cornerstone of U.S. President Barack Obama’s push to modernize the nation’s health-care system, are increasingly common at the doctor’s office. About 69 percent of U.S. physicians said they used these electronic records in 2012, according to the journal Health Affairs. That number is likely to grow as the government dangles bonuses for early adopters and imposes penalties starting in 2015 for those who don’t upgrade.
$24 Billion Market
The electronic-medical-records market generated an estimated $24.2 billion in revenue globally last year and will grow an average of almost 10 percent a year through 2015, according to Accenture Research. The biggest providers of these systems are Epic Systems Corp., McKesson Corp., Cerner Corp., Allscripts Healthcare Solutions Inc. and Siemens AG.
Digital records have dramatically reduced some common medical errors. More than 17 million medication mistakes are now avoided in the U.S. each year because of hospitals’ use of computerized prescription-ordering systems, according to a study published in February in the Journal of the American Medical Informatics Association. In such systems, sloppy handwriting is irrelevant, and doctors get pop-up alerts when attempting to prescribe dangerous drug combinations.
“I would never go back to paper charts -- clearly electronic records are better,” said Leora Horwitz, a doctor and assistant professor of medicine at Yale University School of Medicine. “But while they’re good, they’re so far from great it’s astonishing.”
Nurses Complain
Last month, nurses at Marin General Hospital in California complained about an electronic medical-record system made by McKesson that they said was causing medications to be ordered for the wrong patients.
Jamie Maites, a spokeswoman at Marin General, said the hospital has made “significant progress” in dealing with the issues. The rollout has been “challenging,” yet “has resulted in a safer hospital for our patients,” she wrote in an e-mail. Kris Fortner, a spokesman for McKesson, said the company is working with Marin General to address the concerns.
"Aside from some initial issues related to changes in nursing workflow, feedback from Marin’s leadership to McKesson about the implementation has been positive," Fortner wrote in an e-mail.
Epic Systems was the target of criticism last year by nurses working in Contra Costa County, near San Francisco. They complained that glitches in the county’s $45 million system, such as medications disappearing from electronic files, were endangering patients’ lives.
Human Error
In one month, 129 complaints were filed by nurses at county detention facilities, where the problems were most acute, according to Jerry Fillingim, labor representative at National Nurses United.
Some problems in Contra Costa arose because of human error -- medications were entered incorrectly into the Epic system when it went live, said Rajiv Pramanik, chief medical information officer for the county. There has been “dramatic improvement” among staff members in using the technology and the system’s “strengths are tremendous,” he said.
Barb Hernandez, a spokeswoman for Epic, declined to comment.
Records Exempted
Unlike U.S. medical-device makers, which must report all malfunctions, serious injuries and deaths involving their products to the FDA, software companies that make electronic medical records are under no such requirement.
As a result, little is known about the risks of their systems, since there is no central database of error reports and makers of electronic records often prohibit customers from discussing unsafe processes. That practice creates “unacceptable risks to safety,” according to a 2011 report from the Institute of Medicine of the National Academies.
One of the most comprehensive studies on the topic examined adverse-event reports submitted to the FDA from January 2008 to July 2010. Of 899,768 reports, 436 unique events involved health information technology, including electronic records, and 46 were associated with patient harm, including four deaths, according to the study, entitled “Patient Safety Problems Associated With Healthcare Information Technology.”
“People are still in fantasy mode that just by putting technology into health care it will make it better -- and that’s not real,” said Enrico Coiera, professor at the University of New South Wales in Sydney and co-author of the study.
Voluntary System
Much of what is known is through voluntary reports.
“The emphasis on doctors self-reporting errors is ludicrous,” said Ross Koppel, adjunct professor of sociology at the University of Pennsylvania and co-author of a 2005 study that found a widely used electronic prescription-ordering system contributed to 22 types of medication errors.
“When a locomotive crashes into two apartment buildings, we know about it,” he said. “When a patient gets the wrong med, we seldom know about it.”
Cerner, one of the industry’s big players, voluntarily reports problems with its technologies to the FDA even for unregulated products such as electronic records, said Megan Moriarty, a spokeswoman at the Kansas City, Missouri-based company. Customers are permitted to disclose safety issues to “appropriate entities” or in “professionally appropriate venues,” she wrote in an e-mail.
Government Oversight
Siemens, based in Munich, submits required adverse-event information to the FDA and doesn’t prohibit customers from disclosing problems, Matthias Kraemer, a spokesman, wrote in an e-mail. The company is assessing how to appropriately submit voluntary reports to the FDA and already has a "mature" system in place for customers to report problems with its regulated and unregulated technologies, Kraemer said.
Claire Weingarden, a spokeswoman for Allscripts, declined to comment on the voluntary reporting system, as did McKesson and Epic.
While the FDA doesn’t regulate the electronic records, the Office of the National Coordinator for Health Information Technology, part of the U.S. Department of Health and Human Services, is overseeing the rollout of the systems and sets the safety standards.
“So far, the evidence we have doesn’t suggest that health information technology is a significant factor in safety events,” said Jodi Daniel, director of ONC’s office of policy and planning. “That said, we’re very interested in understanding where there may be a correlation and how to mitigate risks that do occur.”
Dangerous Time
When it comes to electronic records, the most dangerous time for patients appears to be immediately after a facility installs the new technology.
At Children’s Hospital of Pittsburgh, mortality rates increased after the implementation of an electronic records system from Cerner in 2002, according to a study published in 2005 in the journal Pediatrics.
During the 18 months examined, the mortality rate increased to 6.6 percent in the five months after the system was installed, from 2.8 percent in the 13 months before, according to the study.
Delays in treating patients may have contributed to the deaths, the researchers said. Those delays were caused by several issues, including the number of clicks required to submit prescription orders and by restrictions imposed by the software on when doctors could order medications for incoming patients.
The study examined only a small sample of patients over a short period of time and was “fundamentally flawed,” said Wendy Zellner, spokeswoman for the University of Pittsburgh Medical Center, which owns the hospital. Since the system was implemented, the severity-adjusted mortality rate has decreased by 35 percent, she said.
‘New Problems’
The hospital, one of the most automated in the country, has since corrected issues such as delays in getting medications for incoming patients, she said. In response to a request for comment, Moriarty, Cerner’s spokeswoman, referred to the hospital’s statement.
“Any time you computerize a process, it can create new problems, and it typically does,” said David Bates, a doctor and chief quality officer at Boston’s Brigham and Women’s Hospital, who has studied errors associated with electronic records.
Betty Silverstein’s case came to light because her son Scot, who is also a health-care informatics professor at Drexel University, has for more than a decade been one of the loudest voices urging caution in the adoption of electronic records.
He said he is suing the hospital in part to find out how his mother’s heart drug disappeared from her file. The omission of the vital medicine led the hospital to give her corrective medications and perform emergency surgery, which ultimately led to her death, he said.
Still, he said his goal isn’t to stop the spread of these systems.
“My mom would be around right now, bopping around, if they had simply not forgotten to give her $2 of medicine,” he said. “I want to fix the technology. The technology can help. But it has to be done right.”
Bale Out,
I agree with you. Marketing is crucial to success. It will appeal to people dealing with chronic illness.Your father is someone dealing with chronic illness by what you describe and would greatly benefit from the keyring.
I hope Ms Hendrick can make it a success so the company can move on to the smart cards.
Should get some news about the legal action soon. Let s hope it s a positive .
Take care
R.
Bale Out,
I would be more than satisfied if they manage to sell 100.000 keyrings this year. It would give them enough income to get the smart cards up and running. The smart cards has potential to be a big earner IMO.
R.
Very happy to see the new and revamped website of the medical keyring.
http://www.medicalkeyring.com/
R.
General
As much as I enjoy Ms Hendrick trying to keep us up to date through IH, I would prefer to see her direct all her energy towards the Production, Marketing and Sales of the Keyring and raising funds to get the smart card in up and running later this year.
Keeping investors informed and dealing with their grievances and queries is best done by the Investor Relations people ( Constellation ) IMHO. They are paid to do so I believe.
R.
P2D,
Ms Hendrick is a major shareholder and I don t think selling the company is on her mind. My guess is that she would prefer to be embedded in a credit card rather than sell out at this stage with so many potentially exciting developments just around the corner .
R.
Another positive might be that this ruling makes it easier to raise funds for the production of the real thing, the smart cards.
The lawsuit which appears to be still very much alive might work as the big carrot to attract funds.
From press release early June:
Ms. Chaya Hendrick also said that the company has sufficient cash reserves to proceed with the launch of its MedicalKeyring™ and that it may seek further funding to launch this year its Biometric Fingerprint Activated Credit, Debit and Identity Card.
Almost weekend.
Time for some relaxations
Shiner ( Le penseur)
A great observation and I admire you for remaining bright and optimistic despite the long wait and an unfortunate entry position.
It feels really good to have people like you around on this forum.
Rodin
Highalpha,
An excellent post,Thanks for all your efforts and research.
R.
BB and Shiner,
In an earlier post Chaya had this to say about missing deadlines:
" Regarding meeting timing deadlines it was one of the Card companies that played dirty pool by dumping 1,000,000 pages of our documents on our desk one week before the deadline of reports. It is they who misrepresented to the court in saying that the withheld documents were confidential when we know they weren't. Dirty tricks that the Judge should see through. Relying on dirty tricks because they don't have a tenable defense in our opinion."
We will be filing our response to their filing shortly.
R.
Honestly copied from yahoo bull board
Very quiet here considering the court room action coming next week. Pre Promotion Trades just put out a buy today at 39 cents as well.
R
P2D,
Have to disappoint you. In the absence of any news just thought I would put something up for entertainment purposes.
I share your enthusiasm for the company but at this stage, it is all wishful thinking IMO.
The patent lawsuit is not a clear cut case. If it were or if Smartmetric had a better than 50% chance to be awarded damages+future royalties, you would not have a chance in the world to be buying at 40 cents today.
Visa and MC are big institutions and I can t see them giving in without a fight.
A win/settlemt would be a dream come true. I wish....
What looks like the only certainty, is the production of the keyring in August. Let s hope it is a success and that it allows the company to move on to the production of the smart cards.
SHINER, my best man. Feedback I received was that contributors have to play the ball and not the man.
R.
LMU,
Let me comfort you.
Penny 2 dime is obviously a bit confused about the way the stockmarket works.
Let me explain it to you before you go to bed.
Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for $10 each. The villagers, seeing that there were many monkeys around, went out to the forest and started catching them.
The man bought thousands at $10 and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at $20. This renewed the efforts of the villagers and they started catching monkeys again.
Soon the supply diminished even further and people started going back to their farms. The offer increased to $25 each and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!
The man now announced that he would buy monkeys at $50! However, since he had to go to the city on some business, his assistant would now buy on behalf of him.
In the absence of the man, the assistant told the villagers; "Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $35 and when the man returns from the city, you can sell them to him for $50 each."
The villagers rounded up with all their savings and bought all the monkeys.
They never saw the man nor his assistant, only monkeys everywhere!
Now you have a better understanding of how the stock market works.
To SHINER S RESCUE,
I am a big fan of SHINER and all his views and his often hilarious postings.
I noticed that , for no reason, someone appears to be sabotaging his posts.
I notified IH admin and hope they reinstate his deleted posts.
Anyone who feels the same please contact IH admin.
R. :( not happy
BB,
MC/V must be pretty confident to take such risk.
Potts,
Not a bad option but why now? If a smaller roll out would have been an option, it would have been much better timed to do so six months ago.
It worries me that we the short term direction of the share price is dependent on the result of the lawsuit.
As we have witnessed overnight, that might result in extreme volatility i e 48 cents paid and 31 cents given.
Not a pretty sight, certainly taking into consideration that the company still needs to attract new investors to fund the biometric card.
But having said all this, maybe there is more to the story.
R.