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BO,
I suspect product delivery and release is subject to the ability by the company to raise sufficient capital..............
This is key to any future success by smme.
LMU
There's been conjecture in recent times about the release / trial or otherwise of the medical keyring. For those skeptics out there today's PR confirms it was released during August on a trial basis.
Whilst it may not have been communicated up to this point in time as well as it should have been ( in my opinion) it nevertheless now sheds light on the uncertainty surrounding its initial release.
LMU
BO
Are you implying the matter of litigation is concluded?
LMU
As my name implies - I understand nothing!
What I have failed to understand is how Judge Fitzgerald made a ruling / tentative or otherwise that V&MC have not breached SmartMetric's patent 464.
I make this statement based on the facts up to this point in time of proceedings given rulings in our favour in 2 Markmann hearings as well as a determination made by the appeals court in Washington in relation to contact cards.
I am staggered with Judge Fitzgerald's tentative ruling which only reinforces how little I understand of legal matters.
I would appreciate if its possible for anyone with a legal background or someone who understands legal proceedings whether they may be able to respond in a sensible and coherent manner and possibly provide a summary of where things currently are.
I appreciate going forward it may well be heading for the Appeals court however what I fail to understand is how we've arrived at the point we have given the brief of evidence against the defendants.
LMU
Overnight and another encouraging PR however aren't we entitled to receive an update on the status of what's happening with the MKR.
It's been a week since its release and I'd rather hear news with the fact that stock has sold out and the status of production to meet the markets demands and how the product has been received thus far.
I'm not sure how others feel- personally I'm a little perplexed.
I remain upbeat however believe an update a week after its release is warranted is it not?
LMU
OBP,
A very rational statement in response to an irrational statement.
LMU
R,
Is it my imagination or are there subtle changes to the Medical Keyring Website from when I posted my last message?
There remains a large degree of faint black writing on white background however there are some improvements (more color coding) since we commented last.
I note the prominence of 8GB on the site. I'm curious to know whether any models will have greater capacity further down the track.
LMU
R,
I agree with you wholeheartedly.
The website in its current form looks anything but "state of the art"
Faint black writing on a white background doesn't back up the product IMO. That said it appears to be aligned with the main website of SMME which whilst it is color coded has the same basic white background with faint black writing!
Personally I preferred the initial sight which had bolder colors and images.
One can only conclude it's a work in progress.........
What would I know?
As far as capacity is concerned I do suspect there will be some clarification as Chaya mentioned in her post # 3097 that the Medical Keyring is priced - 64G - $89.95.
I do hope that my comments are not taken as criticism but rather a constructive observation.
LMU
OBP,
It's late and maybe I'm just dreaming before bedtime however the thought crossed my mind. What's in a Name?
Then I thought Chaya even though she didn't have a product but new the types of products she was working on had the foresight to include what has become such a pivotal word in the 21st century techno scene - Smart.
Who among us could survive without our smart phones?
Now I don't expect LNM to cuddle up to me now but even he might admit when products are released and we are ahead of the curve regarding the legal case that Chaya was ahead of the pack all those years ago and that the name SmartMetric says it all.
Night All.
LMU
Bale Out,
I'm not able to answer your questions but only add to the uncertainty of the current share price.
Casey Trader stated in their post #3362 that the release of products in August is likely factored into the current share price.I'm paraphrasing what was said.
If so then the current price of 30 cents isn't encouraging or at least that's my take.
Furthermore in a PR out today Smme has announced that their Biometric card shall be released in the last quarter of 2013.
This is fantastic news and yet the market prices us down.
I completely understand that in order for the share price to increase the market needs to see revenues however I would have considered based on intended product release of not one but two products plus the prospects of legal decision in our favor that the price would be siting higher than 30 cents.
For some time now many people have written talking up Smme's share price only to see it amount to little.
I don't agree with much of what LNM has to say however I constantly ask myself the same question over and over again.
Upon release of any positive legal news and actual product release will the share price rise? I hope so!
LMU
Mike
I agree with your first paragraph.
Disagree with your second paragraph.
Acknowledge and remain concerned with your third paragraph.
LMU
King Ranch
Welcome and what a pronouncement for your first post.
With such negativity in recent times from various quarters its promising to hear such positive remarks .
I'd be keen to hear whether you can add anything further to support your claim of $40 a share
Let's be honest at 32 cents it does seem such mammoth proportions to be jumping from 40 cents to 40 dollars.
Not that I disagree with you, though it just seems beyond ones comprehension.
LMU
Lets talk about something positive like today's PR re medical keyring!
LMU
Dear N&B,
Thank you for your courteous reply.
I wish you and your wife the very and believe you'll do we'll in the years ahead.
If your right and I will be able to afford an island then you along with those persons who have supported SMME throughout these challenging times will be most welcome.
It would be funny to propose to meet somewhere wearing our name tags. Would make for some funny moments.
Dear Chaya
I would encourage you not to allow yourself to debate those detractors who may wish you to say something you may regret on a public forum.
That said I know you're too smart to fall into that trap.
You better than anyone know how close we are and I look forward to reading about it via press release when the moment arrives.
Stay focused and stay safe.
LMU
From R&D company to product release during next month as stated in post 3074.
This is or will be a watershed moment for those persons who have placed their faith in this company believing in this technology when it has for 10+ years gone from R&D to an income producing company.
I do hope there will be no false dawns.
I am now banking on product release next month.
To M&B I can only encourage you to increase your holding from 5000 shares. I have in the region of well over 2.5 million and will certainly enjoy my retirement hopefully sooner rather than later.
I'm either very stupid or as I prefer to believe very fortuitous having been in the right place at the right time and having the courage to back Ms Hendrick.
Oh it will be good to be us!
LMU
BB,
May I ask the term "Injunction in tow" and how I might interpret its meaning in relation to the matter before the Judge?
LMU
Dear BB,
I'm sure like me there are many people out there at this time who are counting down the time until the hearing/scheduling conference takes place in LAX in what is now hours not days.
If you're like me and can't sleep you've got various scenario's playing out in your head as to which way a ruling may go in relation to the late presentation of expert reports etc.
I've asked myself repeatedly what if the reports are ruled out? What then and how would this weaken our case against the card companies? (If anybody cares to comment please do so).
Of course I have no idea.........
On the eve of a what may prove to be a momentous occasion I found myself reverting back to previous posts which are listed below and taking some comfort in wiser heads than mine.
Post#2699
"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."
----------------------------------------------------------------
Post#2720
"As I said in an earlier post, the throwing around of claims that we missed deadlines is not substantive to the issues at the core of the case. If they are hanging their hat on a strategy of winning on technicalities then their case us in very serious trouble. Especially when the delays on our part were as a result of their disingenuous manipulation that any Judge will easily see through."
----------------------------------------------------------------
I appreciate the skeptics out there and there are many however for a moment I hope we can pool our positive energy and trust that the rightful decision will be concluded upon during today's or tomorrow's hearing depending on where you're from.
I have never had much to offer this forum apart from my ongoing belief in the product and the eventuality that great things may come to those who've been prepared to invest in SmartMetric.
It hasn't been the easiest of rides.
LMU
Dear BB
Thanks for your most recent posts.
Based on your most recent comments in relation to the change to a scheduling conference, initially I thought it was different to your post 2947. I concluded they are the same are they not?
Unless I'm missing something there are no differences from post last week with post overnight apart from your sombre outlook which I admit to feeling the same.
Following the judges decision last week we were privvy to a sensible summary from HighAlpha.
Given the eloquent manner which HighAlpha described the Judges decision perhaps it would be timely if HighAlpha were to provide a further opinion and whether they see things differently from their original post?
LMU
BO,
Thank you for your insightful post. Your interpretation is encouraging.
May I ask however if you would clarify a part of your post "It is apparent they do not believe this to be such a claim"
Are you implying that they V & MC no longer view Smme's claim to be frivolous?
In case your wondering. Nature called and I'm up. I couldn't help myself knowing there may be some debate from folks Down Under.
LMU
TR,
Well that is a positive and welcome statement!
Are you able to add anything to back up this proposition?
LMU
R,
Thank you for your analogy. Monkeys very interesting. I'm sure the story can be told with things other than monkeys. Or is there an underlying reason with you comparing primates - humans v monkeys?
Penny2dime,
I'm no closer to understanding the contrast in your messages.
You'll need to try and explain yourself. At least to me.
LMU
Penny2Dime,
I can't sleep!
I can't get your mixed messages out of my head.
Post# 2874 0.5 soon
Post# 2886 Will Fall hard.
Are you able to explain?
LMU
Dear N&B,
Lively debate as ever.
Due to the fact that I'm such a simple person isn't the matter before the courts to determine whether V & MC have knowingly or otherwise used a registered patent in the production of their cards?
If its proved they have then once this fact is established it is up to the court/jury to decide the level of compensation/damages to be paid to the holder of the patent.
To determine the amount of compensation the courts have to decide compensation in 2 forms.
1) Lost Profits
2) Reasonable Royalty
I ask - Does SmartMetric's claim fall within both of the above categories?
I don't know!
We know the status of production. There isn't any. Does this affect either category of a Patent claim?
I don't know!
The temerity of our claim may be based on one or more of the governing determinants.
This is where the expertise of Patrick Bright ESQ and his team of highly skilled legal practitioners come to the fore and in whom we trust.
LMU
Bale Out,
Thanks yes I understand. Without wishing to tie myself in knots I read N&B's first post but made reference to his second post(#2852) and was attempting to correct or better still question the accuracy of their figure not your's. I acknowledge in your post it was 5 million dollars not 5 million shares.
Phew I'm glad that's over!
It's way past my bed time.
LMU
R
Confident could be replaced with a variety of other words to describe defendants state of mind.
Precarious is a word that comes to mind!
They are simply going through the motions are they not?
a) motion to dispose based on filings.
I recall comments made in a previous posting which implied if this is the best they have then they don't have much. I'm just paraphrasing what was said.
b) interesting- they are implying are they not that SMME have no intentions to settle at this time.
Confidence is a state of mind and on balance I know which side I'm leaning towards.
LMU
R,
You're not suggesting SMME fits into the category of
"abusive practices by owners of low quality patents"
are you? Surely not?
I agree with your sentiments that it would be a positive if SMME was to release the Medical Key ring especially if one refers to the press release dated January 9 - "Scheduled First Release of its Product - Biometric Medical Key ring".
I hope the latest announcement is not a false dawn!
I appreciate the difficulties that must have been encountered with raising sufficient funds however it's been a long and drawn out process for all those with a financial stake in this company. Especially the size of the stake I hold.
Patience definitely is a virtue!
LMU
N&B
Thanks for your reply which as we know echoes those comments made by Bail Out previously.
I do think though the number of shares to be issued were potentionally 30+ million not 5 million but represented 5 million dollars.
This would have given those putting up that amount of money some sway over executive decisions and a degree of (potential ) executive power??
R,
Given the intentions of our president to introduce / change laws in relation to "combat owners called Trolls"
I appreciate the impact that this announcement had on the share price of Smme during today's training however given how advanced we are and the positive ruling thus far in favor of Smme I am confident that we no longer fit the definition of Troll although acknowledge the sceptics who may think differently.
If its warranted perhaps the CEO could provide commentary of these announcements and whether in their opinion they cast doubt over our case.
LMU
R,
OMG.
You've excelled. I fear I may loose you to another younger and smarter Gal. I'm now looking beyond the teeth. Maybe a chest shot.
It's late up North and I'm about to call it a nite boys. It sounds like you're all popping corks Down Under. I'm a Champagne kind a gal.
I had to google a couple of things to know what you're talking about. Strine, Grange, St Henri. Fair Dinkum I've heard that before?
Anyway let's not get too carried away just yet. There's still some way to go and I'm sure we're in for some twists and turns.
Talk tomorrow.
LMU
BaleOut,
Thanks for your reply.
I appreciate the CEO's total holdings but still some other party with 5 million of equity equaling +30 million shares may have exerted pressure requesting board seats or some other such thing. I don't think her control over the company would have been threatened perhaps just her authority.
I don't disagree with your opinion though that monies are probably coming from elsewhere.
LMU
Guys,
This is very exciting. It's a Bit Holmes and Watson isn't it?
Can I be an older version of Rachel McAdams?
Is there a possibility that the offering was intentionally closed early due to the offered price of 0.16 versus as Chaya suggested in one of her pieces "I refer you to our market price" which as we know when the article was written was and remains in the 40's.
Is it not also possible that given the number of shares to be offered at the price(16c)representing I think 5 million to one broking house that it may well have resulted with a substantial holding by one party which may have exerted undue pressure to the CEO? diluting shares and executive power?
Maybe this thought has already been aired?
LMU
R
Thanks.
I've never professed to be smart and feel compelled to admit how dumb I might be but the news release you refer to. Where the heck is it?
I ask this because the last news release I can see refers to the 13.4 billion being claimed.
I realise it's like pulling teeth for you but give the girl a break.
LMU
Corry
Both Shiner and I are hoping you may be able to point us in the right direction concerning your previous post in which you make reference to "relevance of last 2 releases" and remarks about Vanguard and Morgan Stanley.
I'm intrigued where you located this information.
LMU
Corry
Your previous post in which you made reference to those companies engaged to sell shares. Where might that information be found?
It may be obvious to others but not to me.
LMU
PS: sorry if you already pointed it out.
Dear Mr Bale out
As you put it that was your first post. I suspect the jury's out on your first post.
I'd suggest you consider the collective input of Ranger, Shiner and I'll include myself over many months probing asking and answering many questions and suggest that when you've earned your stripes by way of constructive commentary then maybe, just maybe you've earned the right to criticize otherwise you may suffer the wrath of those willing to support an old gal like me.
Now wouldn't that be a treat.
Don't take yourself so seriously and enjoy yourself like the rest of us.
LMU
R,
Thank you for your poem.
And in return..........
A Lady's Yes.
Yes !" I answered you last night ;
" No !" this morning, Sir, I say !
Colors, seen by candle-light,
Will not look the same by day.
When the tabors played their best,
Lamps above, and laughs below —
Love me sounded like a jest,
Fit for Yes or fit for No !
Call me false, or call me free —
Vow, whatever light may shine,
No man on your face shall see
Any grief for change on mine.
Yet the sin is on us both —
Time to dance is not to woo —
Wooer light makes fickle troth —
Scorn of me recoils on you !
Learn to win a lady's faith
Nobly, as the thing is high ;
Bravely, as for life and death —
With a loyal gravity.
Lead her from the festive boards,
Point her to the starry skies,
Guard her, by your truthful words,
Pure from courtship's flatteries.
By your truth she shall be true —
Ever true, as wives of yore —
And her Yes, once said to you,
Shall be Yes for evermore.
It's a woman's prerogative to change her mind.
Once the work has been completed I look forward to seeing your new image.
Until then we must patiently wait for these things we wish for to materialize.
LMU
R,
Being upbeat and high in spirits at the moment, I've been having a re-think about our possible merger.
Before that though you'd need to consider doing something about your teeth.
I imagine if this baby kicks you'd be heading off to have work done would you not?
LMU
MNB,
Good advice.
I'd be interested to know whether Taste9 ended up buying any shares?
He talked about it long enough.
LMU
Dear Chaya,
I sincerely wish to thank you for your contributions. I am mindful of how careful you need to be in relation to any information or comments that you make on this forum.
What concerns me the most at the present time is my own inability to locate the 8-K which you refer to in your most recent posts filed last Friday?
I have referred to 8-K's filed and can only locate those filed or released 6th May & 14th Mar.
As far as documents filed via Pacer, I have been most grateful to Bad Billy who has been kind enough to provide extracts via this forum.
As I have said in previous posts, there are those among us who need to consider whether they are traders or investors. Once they decide which category they fit, then they can work out the value of today's price versus what it could be in the future and consider whether they are likely to be winners or losers.
There will always be skeptics and believers. It is up to each individual who buys shares of SMME to decide which they are.
LMU(investor)
Sorry Darlings,
You may all be wondering what my last post (2732) has to do with post# 1472. The answer apart from wanting to retire is absolutely nothing.
Too Much Gin too little tonic!
It's late and way past my bed time.
LMU
PS: I should have stated that persons prone to dizziness, scared of heights or who generally has a weak stomach should be accompanied by an adult.
Those strong women among us enjoy the read with a good Stiff - Gin and Tonic.
That said I remain resolute in my belief that we are approaching our Zenith while others may be heading towards their Nadir.
LMU