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rbobby,
I'll take your message as a compliment but alas - no I am not the CEO.
I am someone who whilst being a true believer in SMME does from time to time suffer bouts of doubt as my last post may have implied. I am an investor in SMME not a trader. I have and will continue to take a long term, substantial position in the company.
I continue to remain perplexed given the potential this stock presents why there is not greater interest or as Shamus suggested the other day people unwilling to invest greater amounts or take larger positions.
If you refer to most of my previous posts you would note that for the most part its my intention to raise pertinent questions in the hope that I may receive worthwhile responses. There are other contributors such as Shamus 8 or Ranger 2118 who offer substantive information on SMME who appear to be more qualified than I.
Regards,
LMU
R,
Given the apparent good news story from the Markman hearing and the likely production of cards and other products set to occur any day - so we are led to believe, I remain mystified as to why the share price continues to trade at around 20 cents.
I appreciate all the previous talk and formula's in relation to Revenues and Earnings and how this will ultimately affect the share price however as we witnessed on the day of the Appeals hearing it was pure speculation which took hold which drove the price higher at the time.
What appears to be missing here is why the price isn't moving on speculation and potential of 1)production and revenues flowing from this and 2)possible settlement payout.
It would be hard to imagine, however thoughts are starting to creep into my thinking along the lines of - is it possible that SMME's share price could continue to remain flat if and when production does finally commence combined with or without a possible settlement?
The PR released in September which announced the date for a jury trial for June 2013 was infact set down at a scheduling conference during the early part of June almost 3 months earlier. Therefore the contents of this PR was nothing new. The PR which came out in August which provided the most encouraging news in recent times made reference to production "within the next 60 days" Given the latest 10-K report filed to the SEC in September which appears to cast some doubt on production which you brought to our attention suggests that production may not occur until sometime during late 2013.
I have always appreciated the sensitivities associated with the company's inability or unwillingness to offer their opinion in relation to the ongoing legal procedures however I cannot help but feel that the time may be at hand for SMME to provide an up to date commentary in relation to production and clarification whether production remains on track or not.
I consider any commentary on the outcome of the Markman hearing would be a bonus.
LMU,
R
Disappointing indeed if it happens to be correct.
One would have to believe they wouldn't intentionally mislead the public and authorities given information contained within the PR dated 08/27/12.
If I am correct the reference to 2013 relates to the data card?
Perhaps the 60 days applies only to "a new product" ?
We shall have to wait and see.
LMU
Shamus,
I'm glad to hear from you again. Especially your link to the Medical keyring.
Whilst I haven't yet made my own recording I hope you find inspiration in the attached clip -
R,
Very Clever - play on words.
You never fail to disappoint.
LMU
R,
One can't help but feel SMME are on the cusp of something truly "uplifting".(please feel free to replace with whatever other superlative takes your fancy)
The anticipation associated with the ultimate release of product(s)as stated in the company's Press Release dated Monday 27th is enough to send one's heart racing. Indeed I may need to visit my doctor to have them prescribe something to slow things down.
Leaving aside the legal issues and their ramifications for those companies concerned,the major points which stood out for me in the latest PR was "next 60 days" in relation to production and product release.
Let's not forget the long road which SMME embarked upon 10 years or so ago and the challenges presented throughout this period of time. Those skeptics in the market keen to report on its failures.
One can't help but feel admiration for the challenges and the obstacles placed in the path of Chaya and her team and the tenacity shown by them and their determination to succeed during very difficult times.
It is apparent that SMME are but days away from greatness!
I'll leave the running of the bulls for you to contemplate,for me it's all about the Tango.I'm preparing to dance in the streets just not with the bulls.
R
Thank you so much for your reassuring words. They are appreciated.
It's important to stay positive and remain focused on the task at hand.
You're right and I do believe great things are just around the corner.
Are you sure you're not the Tango type?
LMU
R,
Not feeling so well recently,I decided to visit my Doctor during which time I had my blood pressure taken. To both our surprise it read 130/88. The Doctor described my condition as Pre Hypertension.
I was perplexed. How could I a middle aged woman reasonably fit find herself with such condition. Their response was simple."Stress can kill you". They said one of the most important things we can do for our general wellbeing is to keep a positive attitude.
They said recently they had an abstract patient visit who turned up with 180/110. They described this as a hypertensive Crisis.
Whilst the numbers sounded rather large especially compared to mine I was more puzzled with their description "Abstract". I said nothing, but upon returning home I googled the word Abstract which stated various definitions however I thought the most apt was "existing only in the mind - seperated from embodiment" - abstract words like - "Truth and Justice".
I thought for a while what message was the Doctor trying to convey to me by describing a fellow patient as "abstract". I concluded they were trying to tell me that if I keep a positive attitude and my mind remain healthy that my body may well follow suit.
I've been feeling better these past few days taking things one day at a time and keeping a positive atttiude. I'm working closer towards my goals..............and preparing myself to reap the rewards.
Shamus,
I'd like to point out to our fellow bloggers how astute you are with your general comments and unlike many of us well ahead of the pack.
I refer to comment #2048 and it's relevance in relation to the outcome of lawsuit settled overnight between VI & MC with retailers.
I'd also like to make reference to your question in post #2056 and response in post #2057.
We know the answer to your question which confirms that indeed a Markmann is now required in relation to "contacts" to be heard on the 28th August.
These are but a few examples of your astuteness and whilst some of your comments may appear to be cryptic and often full of sarcasm I believe you remain a firm believer in SMME and it's future???
Shamus you may not be well loved but I'm happy to pump up your tyres.
LMU
Ps: I'd be interested to know whether anyone knows if the parties have set aside monies in their (VI&MC) escrow accounts specifically in relation to the SMME matter.
R,
Given the timetable set out by Judge Fitzgerald leading into the eventual trial set down for the middle of next year, coupled with rights by any of the parties to appeal,only reinforces the fact that whilst the potential financial outcomes for SMME may prove substantial the immediate attention and focus by persons other than the lawyers remains on production.
I suspect that whilst SMME aren't quite there yet with announcing major roll outs (production) of various cards that they aren't far away? There are subtleties in their press releases (reading between the lines)which whilst they may be frustrating to most following the stock they are I believe preparing us for a major announcement.
LMU
R
Thank you
I'm sure the crucial break through is closer than we know.
Ranger
Glad to see you've woken from your slumber.
How was the break?
I understand Judge Fitzgerald has set various dates re trials etc following schedule conference held earlier this month or last.
I believe the patient is far from being pronounced dead and about to be released with a new lease of life with a very bright and prosperous future.
R,
As always I am grateful for your measured responses to the various comments posted.
I wait with great enthusiasm to read a PR in, I hope the NOT too distant future when SMME ceases to be described as a "Development Stage Company" and rolls out the much anticipated production of its biometric card possibly referred to as the "SmartMetric Biometric Datacard. Given this will occur in Argentina I may well do the Tango on the day it's announced.
LMU
N&B
If you go back to a previous message (#2072) posted by Ranger you can read Ms Cluckey's article's contained within the post which begin's with Smartmetric several lines down.
You may have skipped over it when you originally made reference to an article in your post #2073.
LMU
R
I came upon this article some weeks ago. My initial response was one of consternation. I immediately asked myself and my husband how qualified Ms Cluckey might be to draw such conclusion especially her pointed comment "Smartmetric Lost". Yes we all know the rulings - one for (and the bearings it has on Networks), one against, result - Appeal was upheld.
When the SMME PR came out on the 19th April I recall being perplexed at the time and asked myself the question why Smme would have made such a bold claim "Smartmetric,Inc. Wins Appeal before 3 panel Judge in the federal Appeal Court on March 5th against Visa and MasterCard". I thought at the time it contradicts the previous PR dated the 12th April in which "Smartmetric Wins on Major Points in its appeal".
I figured I had understood in part some of the benefits from the ruling by the appeals court to SMME but was puzzled nevertheless by their claim to have won the appeal.
Back to Ms Cluckey's article and I would be most grateful for any feed back from anyone concerning remarks in her article relating to "prior art" "the card companies have options" they have strategies"
"At worst,they have the appellate court's contactless card decision" and what bearing her comments may have for Smartmetric.
In relation to your previous comments regarding manufacturing and production I read with interest the latest 10-Q all 30+ pages and could only find a reference on F-8 a brief comment "Smartmetric has completed development of its card along with pre mass manufacturing cards but has not yet begun to mass manufacture"
LMU
R
I share your hope and remain convinced that SMME may finally be preparing to produce cards and win contracts. After all it was this belief in SMME years ago that led me to invest in the company.
I appreciate the legal story may still have some way to go.
LMU
Shamus, as usual you have your finger firmly on the pulse.
I for one am pleased by your return.
Perhaps the Scheduling Conference set down for the 11th June may be better described as a RE-scheduling conference to take into account the elevation of Judge Nguyen to the Appeals court and possible transfer to Judge Fitzgerald's court assuming it is he who is chosen to hear the matter.
As Patrick Bright points out in his 30 day status report dated the 30th April - "asks whether this case should be transferred to another judge who can preside over this case to completion and before the scheduling conference". This confirm's to me confidence by SMME's lawyers in the strength of our case against MC & VI.
The defendants may consider a change of judge to be to their advantage.
If we are worried that a change of judge could alter the leaning in favor away(rulings from Markmann hearing) from SMME thus far? I doubt it! In any case whilst Judge Fitzgerald may be senior to Judge Nguyen in age he is junior in his court standing and would be mindful of rulings handed down by JJN and the reversal by the court of appeals of one of two points ruled in favor of SMME.
Proceedings are well in train and we shall know soon enough if not before which judge shall preside over the matter.
Discovery is a very excruciating process and may well prove to be a major factor for the parties to consider reaching an agreement. Alternatively they may wish to take their chances before a jury...............
Now, Now everyone let's all calm down.
As my husband likes to remind me "perhaps now Darling might be the time for mothers little helper"
I chose to sign on for the purposes of providing my(limited) opinion and more importantly receiving valuable information regarding SMME.
Wit is a powerful characteristic while sarcasm can be dangerous.
I for one would be sad to see any of my fellow bloggers depart the scene and hope that Shamus will reconsider. There is no denying he/she is well qualified to provide opinion and I for one value their input. I have referred to documents which Shamus makes reference in particluar the 26(F) and am now considering a part time home study course in law.
This is a series of complex procedures and I thank God or his equivalent that we have one of the best Patent attorneys in the country on our side to navigate through its complexities.
As Shamus states in their blog #2056, I too would be interseted to know by those qualified to respond whether the parties can request a another Markmann hearing based on Contact?
R
I thought Warren was heavily involved with Amex not so much with VI & MC.
Nonetheless very well put.
Given WB's interest in Amex and they temporarily being let off the hook for the time being as I understand it to be do you maintain his financial downturn??
I await with anticipation your response
R
Very Mischievous.
Where's Warren?
R,
I concur with you in relation to SMME communicating to the market the status of where they are up to regarding production. As has already been said by various followers of this sight the P is dependent on several factors not least the E. I thank Shamus for highlighting this fact and acknowledge other contributors for their valuable insights as well.
One only has to look back at the various PR's to consider that the information put out by SMME has been drip fed for which they have their reasons. I point to PR's on the 06/15/2011 and the series of subsequent communications the last being 01/03/2012.
I concluded sometime ago it would be difficult for the courts to rule injunctive relief in favor of SMME given the fact they don't have any product currently (yet) on the market.How this might play out in the near future will be most interesting given the duration of any possible trial versus eventual production of the various cards being proposed by SMME.
I have no reason to believe that SMME are not well advanced with production and the timetabling of same and acknowledge the completixities associated with this technology to ensure every aspect of the final product meets their potential customers requirements.
Like you I look forward with great enthusiam on news in the not too distant future on production on a mass scale along with news regarding partnerships in relation to specific products.
Who knows, the outcomes of any positive litigation and probable production may well be aligned just like the planets.
What I do know is that I continue to accumulate shares in SMME and wait patiently although with great anticpiation while the Lawyers and the Engineers apply their specialised skills in the interests of SMME and its shareholders.
N&B
All Good Questions!
Perhaps your questions should be directed towards Ranger 2118????
Shamus
Darling just when I thought I was beginning to understand the P & E & the R you complicate things.
As Shultz would say "I know nothing".
As Don McLean said when making reference about Vincent Van Gogh " this world was never meant for one as beautiful as you".
I look forward to you expanding for us simpletons what the
CAGR & GAAP are?
Dear Bloggers,
Let me say that like many of you I have been encouraged with the debate which has taken place between us concerning the current and future position of SMME and where we believe the share price may go in relation to outcomes regarding litigation as well as production set to take place sometime in the very near future.
It is apparent judging from the comments that we are likeminded believing in SMME and trust that success will come to SMME and it's investors in due course.
It has been my intention this week to ask pertinent questions and hopefully receive some sensible responses which may assist those who believe in SMME to make informative investment decisions. I consider the debate has been extremely worthwhile and whilst we'd all agree that it is difficult to make sensible predictions of where we each think the share price may be in a week or a month or in 6 months time we all agree in our belief that it is likely to be well advanced from where it is today.
Hubby and I have accumulated a sizeable quantity of shares in SMME and shall continue to do so firmly believeing our future is very bright.
I understand that litigation will take its course and look forward with anticipation of news concerning future production.
Good luck to all who share my view.
Dear Nuts & Bolts,
Many thanks for your informed opinion.
We know Shamus thinks the price within the next 6 months may range from 0.3c to $3.00.
I appreciate you think it will be worth a lot more than 0.30c.
How much more and over what time frame?
Dear Nuts & Bolts,
Given the positives which are currently flowing and potential outcomes then I'm not sure that I share your views and question whether SMME's strengths are being maximised by the company you mention.
We know that SMME is considered a penny stock and until such time as the stock price increases to a certain level, that at current levels it is difficult for brokers and other institutions to openly promote SMME to their clients.
I appreciate as you suggest they are not Pump and Dump and ask how much "pumping" have they been doing in recent times in anticipation of any eventual good news stories on the horizon.
I would be interested to know what opinion other investors or SMME have concerning this point.
Ranger
Thank you for your various commentaries they are enlightening and reconfirm what I have thought for a long time about the potential of SMME.
Patience is a virtue and it would seem like you I believe justice will prevail concerning the patently disputation.
Back when my husband suggested we consider SMME was prior to litigation with the focus primarily on the advanced technology and potential and or probable future production.
I appreciate the difficulties and complexities associated with mass production of such technology but hoped that given the PR's on recent times that production might have been more advanced.
I maintain though that it is disappointing that the market has not embraced SMME at this point in time but have bought my time in the belief that the joyride is not too far away.
Being a housewife and mother I don't profess to understand the mechanics of stock market investing so apologies for not commenting on these aspects.
It certainly has been a busy night though of blogging don't you think?
Hi Pots
Thanks and i agree with you.It does however still beg the question given the low volumes of shares being traded by parties who know what's going on why there aren't at this time more volume being pushed through in anticipation of it taking off.
I assume the purpose of the latest PR was to politely let all parties know that whilst the focus has been on the 3 major credit card companies that others are not far from their sights who may wish to also breach the SMME patent.
Can someone out there explain to me why there is a total lack of interest in this baby? Potential large settlement(s)against major credit card companies + licencing agreements going forward + major roll out of biometric card from manufacturing plant within the next several months.
It doesn't make sense this stock is trading at 26 pennies.....
What gives??