Finishes DOWN at 1.4 cents
DOWN 99% since IPO
Where is the CEO?

"Our CEO and Chairman, as the sole holder of our Series B Convertible Preferred Stock, controls our company"


"Voting control by Ms. Hendrick may discourage certain types of transactions involving an actual or potential change in control of us, including transactions in which the holders of our common stock might receive a premium for their shares over prevailing market prices..."

Now how many Smartmetric shareholders were aware of this "gem" when they first put their hard earned into this company?

Voting control may discourage certain types of transactions....yep, can't argue with that

"on no News"

Hmmm, I think that is why the stock is down 99% since IPO- there has been no news of substance
Of course, you will tell me it's coming soon ...like we have been told for 10 years

Let's have open investor presentation with the CEO and allow shareholders to ask her about -
- the company's corporate structure
- voting rights
- Series B shares
- funding issues
- incentive schemes for the CEO and
- why she issued shares at the IPO at a price of $1.50

Chances of her appearing before the shareholders...hmmm

Stock down 99% since IPO
circa $25 mio raised...and still no revenue, trials, contracts after 15 years

Late again!
Not enough money in the accounts to pay for compiling the report?
Put a watch on how much money is in the bank if/when they finally release the report

When this stock listed at $1.50 , this company ( essentially a one person company) must have known it was years and years away from commercialization
So after 15 years, a market cap of $4 million, the question remains what was he/she thinking listing this company at $1.50?

Having fallen from $1.50 at IPO...so it's great to know that the price is climbing towards a penny!

SMME is trying to identify ways to protect consumers.

Been trying for 15 years - have they got anything to show?

A repeat from June 29

WOW !
A one person multinational company

Hello Whale,

I would suggest that you have a close look at the corporate structure.
This is essentially a one person company, that person controls the voting rights.
In particular, have a look at the Series B shares that she controls. There is effectively no oversight re compensation, incentives, vesting of Series B shares etc etc
Once you have a better understanding of the corporate structure, you will realize why no serious institution has ever put money into this company.
I failed to do proper due diligence and now think I have more chance of winning the local lottery than making money from this gem

Looking on the bright side , it was up 40% overnight.... pity it's down 99% since IPO

Price below 1 cent

No pun intended Joker!

DOWN 99% SINCE IPO

Let us know when the CEO is happy to have a conference call with the investors from the last 15 years

.012's loading down

Sucessmetric ?
116 million shares at the time of the float - IPO at $1.50
446 million shares now - price 1.5 cents

15 YEARS

Still no revenue

And the price just hit 1.75 cents!
Essentially, no one believes in the story

Quiz part 2

In what year did you first hear the following... we will be a revenue company within the next few months?

Quiz:
How many US presidents have occupied the White House since the IPO of this company?

What percentage of investors have moved into Retirement homes?

SMME is expecting to have their new card with biometric features completed over the next three months

Talk about a sense of deja vu... how many times have they said this?

DOWN 99% SINCE IPO
OVER $25 MILLION USD INVESTED BY INVESTORS
EFFECTIVELY A ONE PERSON COMPANY WHO CONTROLS OVER 50% OF THE VOTING RIGHTS
HAS NEVER DELIVERED A CONTRACT/REVENUE IN 15 YEARS
WHAT HAS CHANGED?

"The Board and Shareholders of SmartMetric recently resolved to increase the authorized shares of the company"

Translation Ms. Chaya Hendrick recently decided....

The shareholders have zero say.. but they have just kept the company alive with $25 million USD plus over the last 15 years..

Australian Airlines

In the release, Ms. Hendrick ( formerly Mr. Hendrick ) did not mention her involvement in the airlines industry
FYI

From the Australian Financial Review 1996 https://www.afr.com/politics/hendricks-back-and-still-chasing-his-china-flight-dreams-19960529-k6wwe

The self-styled airline entrepreneur whose plans to fly to China foundered in a financial morass two years ago has revived his ambition to secure entry to the expanding Sino-Australian market.

Mr Colin Hendrick, the former head of failed starter operator Australia Air International , has made a corporate comeback in a different guise as a director of a company trading as Australasian Airlines . Earlier this month, Australasian - in the name of MicroMedia Corp oration Pty Ltd - filed a competing bid against Qantas , Ansett and another would-be carrier,

I encourage all to read this document thoroughly - it confirms all I thought
Essentially, shareholders have invested circa $25 million into a company that -
-is completely controlled by the CEO who owns 610,000 Series B shares that convert to ordinary shares at 50:1
- effectively controls her own incentive schemes
- the company has no audit committee
- the company has no compensation committee "our board acts as our compensation committee"
- The CFO earns an annual salary of $15,000 based on an oral agreement

No wonder she relies on that guy down in Victoria to raise all the money..

No matter how much money gets tipped into this company, the CEO always maintains total control whilst the rest of the shareholders are continually diluted

So after 15 years being listed...what more can you say ?

From the latest announcement...

THIS IS NOT A NOTICE OF A MEETING OF STOCKHOLDERS AND NO

STOCKHOLDERS’ MEETING WILL BE HELD TO CONSIDER ANY MATTER

DESCRIBED HEREIN.

And that sums it up...

It might be valuable if they actually commercialized their technology and generated some revenue.
Until then, the company can only be judged as a massive failure

Oh that's great because for the previous 130,000 hours it has fallen 99%

15 years on , market cap under $10 million

DOWN 99% since IPO
Why? because there has never been a commercial card release

When you are one person company where that one person perpetually controls 51% of the voting rights, effectively owns 5 million series b shares that convert at a ratio of 50:1 , what could possibly go wrong when trying to attract funds from major investors?
But you have to give her some credit, she has kept the company afloat( barely ) for 15 years... how ? I have no idea
Probably because she keeps getting money from people like me who did not do their proper due diligence

Approx. $28 million raised over 15 years
Company worth $14 million
But of course in this one person company, total control still rests with..

What are we looking at for revenue?

Not sure, they have been on the point of generating revenue for ten years

HTAWY

20 Years
Will she be getting more Series B shares to celebrate her long service

Where is the latest quarterly report?
Where is Chaya Hendricks?
How about an Investor Presentation for shareholders if she actually has something to sell
Why has the company failed to get the backing of institutions? (hint: have a look at the company structure )

416 million shares on issue
How many shares were on issue when the stock listed at $1.50?
Falling stock price for 15 years, never ending dilution, no contracts, no revenue
One person controls the voting rights and has effective control over those famous Series B shares
Those are the facts

Down 99% since listing over a decade ago