Sales?
Any chance this decade?
Last decade went by without a sale

So you have been monitoring the share dilution...hmmm
It's been going on for over a decade... have you looked at the corporate structure?
Who controls the voting rights? (not a trick question )
Have you looked at the Series B shares and their conversion rights?
And if you control the voting rights.. what can you do with the Series B shares?
Have you looked at the incentive scheme if this company ever accrues any revenue?
No surprises as to why this company has never been able to attract any serious institutional support
Sounds like a great concept pity about the execution

Any contracts or deployment?

Lots of news releases- nothing to show

Down 99% since listing at $1.50

THE CYCLE
Pump us the story, raise cash, don't deliver, find next excuse, raise more capital at lower and lower prices , dilute existing shareholders further
Any chance of a circuit breaker?

DOWN 99% since listing

Seeing more and more people using their phones to pay for items in shops- makes you wonder why banks would pay a lot of money for biometric cards when in the medium term they come to be seen as "old technology"
- then again we dont even know if Smartmetric has a functioning card to sell anyway
What's the latest excuse?

Yawn!

What is the latest excuse?

" As of September 2, 2020, we have issued and outstanding 383,858,000 shares of common stock; 610,000 shares of Series B Convertible Preferred Stock that are convertible into 30,500,000 shares of common stock at the election of the holder; and 117,200 shares of shares of Series C Convertible Preferred Stock that are convertible into 16,901,408 shares of common stock. Additionally, we have 53,280,406 shares of common stock reserved upon the exercise of outstanding purchase warrants. Accordingly, as of June 30, 2020 we are entitled to issue up to 220,477,000 additional shares of common stock, and 4,390,000 additional shares of “blank check” preferred stock. Our board may generally issue those common and preferred shares, or convertible securities to purchase those shares, without further approval by our shareholders. "

From the SEC filing

"our board" ... ??

4,390,000 "blank check" shares... ???

610,000 shares convertible into 30.5 million shares ???

"move aggressively forward"... ....if the company stated the same thing in 2016, 2017, 2018, 2019 then I am sure they have a rather unique way of defining what "move aggressively forward" means

"SmartMetric is ready to move aggressively forward in making available it's new card to credit and debit card issuing Banks around the world, in association with the its global banking partners"

Conference call - CEO to provide update to shareholders- could it happen?
Not likely, haven't had one of those for years
Why?

hmmmm!

The current share price reflects the fact that

a. the company has not managed to deliver any trial/contract/revenue
b. the company has had to issue millions and millions of additional shares

The stock is down 99% , the CEO controls 51% of the voting rights, she can effectively award herself millions of Series B shares that convert at 50:1
And the company which apparently is on the cusp of commercialization in a potentially multi billion dollar industry is worth under $5 million

I think it was the company that was promoting imminent success when there were just 300 million, 250 million, 200 million, 150 million shares on issue

Until she can deliver something the company will just keep issuing more and more shares at lower and lower prices - well it can't go much lower can it?

Extreme Dilution continues, Series B Shares, CEO controls 51% of voting rights, $27 million raised, ten years of nothing and that is why the stock is down 99%
Come back to the forum when they have a real deal

Extreme Dilution of existing shareholders continues
How many more shares will she have to issue in the next 6 months to 12 months?

First stop?

How about first stop the CEO produce something that some company somewhere might buy

It's 2025, has anything changed? have they sold a card?

Where is Chaya?

Any chance the CEO makes herself available for a conference call?
For those investors who have watched the value of their shareholding plummet and have contributed over $26 million across so many years, it would be the decent thing to do
What are the odds?

1.379 million shares on issue
2.26 million dollars raised to date
3.Stock down around 99% since inception
4.CEO controls 51% of the voting rights
5.And then there are those famous Series B shares and if you have 51% of the voting rights locked in....

If the company had a great story to tell, then it should have been easy to attract institutional funding, rather than this never ending dilution

Doesn't seem that long ago the company had 200 million shares on issue
Was told then that the company rejected private equity because they wanted too much....ok so now there are almost 400 million shares ... go figure

What are they raising at now?

That's great - does Smartmetric have a card to sell?

5 million Series B shares authorized - 610,000 Series B shares issued and outstanding

They convert to ordinary shares at 50:1--- that's another possible 250 million ordinary shares

Who owns the Series B shares? Who authorizes the issuance of the Series B shares? ..

340 million ordinary shares on issue.

Oh well, at least I am now more diligent before investing

Stock at 2 cents
Market cap $6.8 million
Issued shares approx. 340 million
To all those unfortunate investors who invested at 10 cents, 20 cents, 50 cents .... $1.50 what more can one say??

I just wonder how the CEO justified the valuation at $1.50 a decade ago?
Apparently, she was not interested in money from big funds because they wanted too much of the company...
That's great to know because in the meantime the company has had to issue millions and millions and millions and millions of additional shares thus dramatically diluting everyone

But wait there is more... if the company starts actually generating revenue, there is that incentive scheme and Series B shares to consider authorized by the only person able to vote it through

Oh well, it's all academic until something actually happens

Hello Shiner
In the fog of all of these releases, it's hard to remember specific dates
What I can recall is that if this company ever does generate any revenue, the CEO has put in place one hell of a generous incentive scheme for herself not to mention those Series B shares
Is it too much to hope that she will first consider the shareholders who have funded her for 5, 10 15 years??

Oh ok the company is still operating- how many dollars left in its bank account?
One could blame Covid19 for a delay in commercialization but then that would be forgetting one inconvenient fact -- the stock has been listed for 13- 14 years

Well at least you didn't buy them at the time of the IPO at $1.50... pity them -- imagine how they feel now

April 11 2020

So we will have an announcement by that day?
No more excuses?

"nearing completion"
Gotta be right one day ???

"nearing completion"...love a dollar for every time I have heard that
I'd be in the black on this trade

RED END TO THE DAY
DOWN 99% SINCE IPO

Long Service leave

Do you think the CEO has qualified for long service leave?

".... now nearly ready for its commercial launch "

the most over used sentence in SMME news releases

Gotta be right one day ??

CORONAVIRUS ?
Is she held up in China and can't get out?
She manufactures the cards in China?

The Smartmetric cycle... promise the world, raise cash, change narrative, find excuses, forget original marketing pitch, share price falls, new promises at "unbelievable bargain" prices and start the process again ….. until you hit one cent

Genius !

1 cent up to 3 cents.. back to 2.5 cents
Is there a market for guessing when this gem will be back at 1 cent?
You have to congratulate the CEO on keeping this stock alive for this long even as the stock fell from $1.50 to 1 cent
How does she do it?

Preferred Stock

As of December 31, 2019, the Company has 5,000,000 shares of Class B preferred stock, par value $0.001, authorized and 610,000 shares issued and outstanding.

On December 11, 2009, the Company filed a Certificate of Designation with the State of Nevada, to designate 500,000 shares of preferred stock as Series B Convertible Preferred Stock (“Series B Convertible Preferred Stock”). Effective November 5, 2014, the number of shares designated as Series B Convertible Preferred Stock was increased to 5,000,000 shares.

Each share of Series B Convertible Preferred Stock has a par value of $0.001, and a stated value equal to $5.00 (“Stated Value”). Holders of the Series B Convertible Preferred Stock are entitled to receive dividends or other distributions with the holders of the common stock of the Company on an as converted basis when, as, and if declared by the directors of the Company. Holders of the Series B Convertible Preferred Stock are entitled to convert each share of the Series B Convertible Preferred Stock into fifty (50) shares of common stock.


Who voted for this?

$25 million later and still no idea of when something will happen

Back down to 0202 Foxy DOWN 98.5% since IPO

10 4 FOXY

MAKIN' A LOTTA SENSE !

STOCK NOW DOWN 98.5% SINCE IPO

NEARING COMPLETION

Would be a good name for the company...

What is the latest excuse being offered by that sleepy chap down in Melbourne?

Then let's be clear
If a stock lists at $1.50 and loses 99% of its value, then people clearly do NOT believe
They will believe in a card if/when a trial/contract is announced--- just a minor detail that has been missing for a decade or so