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When is a price drop a success?
When you are promoting the Company and getting paid for it.
Some months ago SMME was trading at .035 and JediJazz was excited.
Now SMME is at .012 and Wensky thinks they are looking good.
Seriously folks, why do paid promoters put this sort of stuff out there.
A more accurate statement would be that since FrontPage stocks got involved with and started promoting SMME the price of SMME has plummeted.
OBP.
When is a price drop a success?
When you are promoting the Company and getting paid for it.
Some months ago SMME was trading at .035 and JediJazz was excited.
Now SMME is at .012 and Wensky thinks they are looking good.
Seriously folks, why do paid promoters put this sort of stuff out there.
A more accurate statement would be that since FrontPage stocks got involved with and started promoting SMME the price of SMME has plummeted.
"$SMME GOOD LOOKING CHART HERE?????" Seriously????
My reply to a previous post gives a more accurate picture. Seems that the real slippage of share price started with SMME paying people to post and promote the company.
OBP.
I still think we have a product, a market and that it will sell. I just hate having my intelligence insulted with this sort of dross. I really hate the fact that my money is paying for it.
WooHoo 15.18% Nice and Green this morning!!!
We had this exercise a few months ago when spurious and laughable claims of increases being made were posted on this board so I thought I'd copy some info from a previous post.
Now the info below is from when we were trading at .035 (thats three and a half cents) so last nights close of .012 will effect the results so I'll do the new percentages in red just to make it easy.
Below is the old post in black with updated percentages and other details in red.
Before we get too excited though lets look at some history..... I'll truncate it a bit so it won't take too long.
Jan 1 2019 close at .05
So from here the .035 cent quoted for yesterday with such excitement is a loss of 30% since Jan 2019. Now at .012 cents its a loss of 77.6% from this date.
Jan 1 2014 close at .19
So from here the .035 cent quoted for yesterday with such fervour is a loss of 81.6% since Jan 2014. Now at .012 cents its a loss of 93.6% from this date.
Jun 1 2006 close at $1.00
So from here the .035 cent quoted for yesterday with such joy is a loss of 96.5% Since Jun 2006, and there a re a lot of investors who have been in that long. Now at .012 cents its a loss of 98.8% from this date.
Now just to clarify, that sale of 113,250 shares at a rise of .0025 generated the massive profit of just over $283.00. But that's assuming that all the shares were purchased at the preceding days close. Now last night SMME traded 309,000 shares for the massive lift in price of 3.57% or .0004 cents so assuming someone bought them the day before and sold them with that profit they made just over $123.00 profit.
Now this is a bit of a reach though, given that the sum total of shares sold last week, for the entire week, was only 104,600. I doubt one person bought all the shares last week and then unloaded them all last night. It's just not that likely.
More likely no-one made any money out of last nights trade, not even the massive sum of $283.00.
We don't need to have spurious figures quoted to us as if we are all of a sudden doing well. It's a waste of our time to read it. Until we actually show a card to the Market the shares we all hold are worth more in hope than dollars.
It's a shame that we are paying people to remind us of the fact.
The most telling thing is that since we have started paying people to promote the stock, the price has actually gone down by about 80%.
OBP.
I still think we have a product, a market and that it will sell. I just hate having my intelligence insulted with this sort of dross. I really hate the fact that my money is paying for it.
Woohoo
On June 1 2009 it closed at $1.00 a share. Now it's at .0112 a share.
That's a 98% drop.
I am quite happy to post how much we are down if people post how wonderfully we are doing when we are just about to hit .016 or .014 or are so many percent up.
Now I am still keen on the Company but I like to have some balance, and realism, in the posts here.
Seriously.
obp.
WooHoo 7.69% UP!!!
Before we get too excited though lets look at some history..... I'll truncate it a bit so it won't take too long.
Jan 1 2019 close at .05
So from here the .035 cent quoted for yesterday with such excitement is a loss of 30% since Jan 2019.
Jan 1 2014 close at .19
So from here the .035 cent quoted for yesterday with such fervour is a loss of 81.6% since Jan 2014.
Jun 1 2006 close at $1.00
So from here the .035 cent quoted for yesterday with such joy is a loss of 96.5% Since Jun 2006, and there a re a lot of investors who have been in that long.
Now just to clarify, that sale of 113,250 shares at a rise of .0025 generated the massive profit of just over $283.00. But that's assuming that all the shares were purchased at the preceding days close.
Now this is a bit of a reach though, given that the sum total of shares sold last week, for the entire week, was only 104,600. I doubt one person bought all the shares last week and then unloaded them all last night. It's just not that likely.
More likely no-one made any money out of last nights trade, not even the massive sum of $283.00.
We don't need to have spurious figures quoted to us as if we are all of a sudden doing well. It's a waste of our time to read it. Until we actually show a card to the Market the shares we all hold are worth more in hope than dollars.
It's a shame that we are paying people to remind us of the fact.
OBP.
I hope we get a discount
This video is years old. I hope we get a discount if Frontpage Stocks cant find anything recent to post about.
Welcome to the board.
Hows things at frontpage stocks.
Lunch, yes...
On the Spanish Riviera when the first contaract is signed.
SMME Shorts.
No they are not a fashion item..........
This are the figures of the SMME Short Selling from the past few weeks. Apologies if it doesn't format properly. The webpage is here if you want to bookmark it for future reference.
Date..........Volume....Short Volume..% Vol Shorted
Oct-02........6,266........2,166...........34.57
Oct-01.......12,500.......10,000..........80.00
Sep-30........1,000........1,000..........100.00
Sep-26........2,000........1,000...........50.00
Sep-23.......75,250.......43,250..........57.48
Sep-20.......82,109..........500............0.61
Sep-19.......12,250........2,250...........18.37
Sep-18.......59,000.......55,000...........93.22
Sep-17.......32,345.......31,250...........96.61
Sep-16.......68,047.......28,300...........41.59
Sep-12.......51,700........1,500............2.90
Sep-11......132,000.......35,000..........26.52
Sep-10......142,045.......53,200..........37.45
Sep-09........1,500..........500...........33.33
Sep-05........1,707..........300...........17.57
Sep-04........7,900..........500............6.33
TOTAL.......687,619......265,716..........38.64
So over a third, almost forty percent, of shares sold over the past month have been people shorting the Company. Believe it or not this is a low percentage. The last time I did one of these posts the shorted percentage was much higher.
For anyone unaware of what "Short Selling" is, here is a bit of a guide. Basically you sell something you have borrowed or don't own in the hope it will go down in price so you can buy replacements then return them to the owner, or pick up some cheaper to supply to the person you have sold it to at a higher price.
It all goes well if the price goes down as you can make a profit when you replace it for less than you sold it for. The problem is if you borrow it at five cents then it goes up to ten cents you make a loss. In theory the potential loss is unlimited as you can borrow it at five cents to sell and then it goes through the roof due to good news.
Much the same as betting on a horse to lose. It helps if the shorter can drive down the price somehow as this has the effect of nobbling the horse before the race. Ways to do this would include false statements about a company, it's management or staff, spurious statements about it's products or inaccurate comparisons to other supposedly similar products. Basically just trying anything to make the company look worse than it really is. That is why it is always good not just to do your due diligence on the company, but also on the people that are trying to sell it to you or put you off it.
I post here as I own a substantial amount of shares in the Company and may be getting more. My payday is when we sign a contract and the shares go up (Yes, I've been waiting a while). My posts are generally positive. If someone is talking the company down and it seems like they are almost working towards a negative image, chances are you need to ask why they may be doing it.
OBP.
Why not?
I have simply referenced three posts of other posters, the Companies financials and my opinion on what seems the best and most logical way for the CEO to get the money that is owed to her.
Could you please clarify which part of my posting was innaccurate?
CCH's remuneration.
Now in all honesty I haven't bothered researching CCH's remuneration arrangements from SMME, either as the CEO or as the Patent Holder for whatever technologies we may use in the future. I've just looked at some of the previous posts.
Now there seems to be a lot of concern, such as amount the back pay and the interest accruing on it, along with the royalties she gets, and the shares she owns.
There are also issues about the lack of sales to date and that we have all thrown our money away along with statements the Company is just one long con. I won't even try to post links to these as a quick look at the Board and I'm sure Blind Freddy could find one.
Having the Company owing her hundreds of thousands in back pay is not logical, nor is owning millions of shares or a share of the Royalties that producing cards would generate if in fact she is trying to run a con or acting dishonestly.
If SMME does go belly up there will be no back pay for her as we have less than $10,000 in the bank as of the last set of Financials. As for selling her millions of shares and making cash out of them lets be serious, at three cents each and the Company only trading 3,000 shares a day that equates to $450.00 a week, she'd make more on Welfare. That's assuming we would still be trading which would be unlikely.
It would seem that if it were a con that the aim of the exercise for CCH would be to milk every single cent out of the Company as quickly as possible. Thats what crims do and I don't believe she has actually made that much to date from SMME into her own pocket.
A more likely possibility is that she also is hoping for a sale, then she gets her back pay sorted and can actually sell her shares once we are trading properly with volume on the NASDAQ or similar, and do what we all want to do and make a lot of money.
We are all here because we are greedy and hope to make a profit. The difference is that my employer has continued to pay me for the past 15 years, whereas hers hasn't as shown by the pay owing to her. She has been running for the most part on faith in the saleability of the product in the long run, and I've no doubt that this applies to a lot of the other SMME employees as well.
I've got my house deposit tied up in SMME which is close enough to $100K, but its nowhere near investing 15 years of my life into the Company. With regard to the total amount of wages, shares and percentages of royalties she will get when we have a sale I believe that that is just a cost of doing business, no matter what business you are in. Staff and CEO's need to be paid but there will still be cream in the Company for the rest of us.
Perhaps the Company could have been run better, certainly the communication should have been better but CCH has more to lose if we go belly up than the rest of us put together.
Probably not.
But they'll take the profits.
They managed to sell
A lot of shares.
Or people could check themselves,
And then they can verify what I stated can be confirmed on the Nevada Secretary of State website.
My posts have always been concise, factual and rational too.
I can relate to what you are saying.
Nothing to report on anything apart from the so called merger I'm sorry. At the time it was the only thing I was worried about.
Seriously though, I do believe there is a product and I do believe that we are on the way to getting it out to the industry. But having said that I too wish that we were there already and will say that I had set my hopes on being very rich quite some time ago.
I have been throwing money into SMME for over 7 years and I can empathise with Duke, Potts, LMU and all the others who have been in it for twice that long and who are probably even more impatient than I am.
With regard to Chaya and SMME in general though I can understand the issues at hand. Jumping through the required hoops and trying to get the card just right is something well above me, and probably most of us on this board. But the only thing that would be worse than the dicking around we currently seem to be experiencing would be to go to market with a product that didn't stand up in the real world.
We will only get one go at this. It will be done right and it will sell and we will all make a bucket of money, or it will fail in the real world and we will never sell another card again and be locked out of the market forever. I still feel we are on the right track.
As much as it annoys us all we really do need to put our faith in her and the product. Doing otherwise gains us nothing and risks us all losing our investments.
OBP.
Re the Mergers button on the SOS site.
The mergers button for Genufood on the Nevada Secretary of State website lists a pending merger with Smartmetric, however if the same search is done for Smartmetric it states "No records to view."
Given this fact, as well as the Smartmetric CEO being unaware of any merger, it appears that there is no merger.
OBP.
SMME & GENUFOOD ARTICLES OF MERGER.
According to the Nevada Secretary of State website documents were filed on 14/8/2019 with reference number 20190096584 titled "Articles of Merger" for SMME.
On the same date Genufood also had documents filed with reference number 20190096584 titled "Articles of Merger".
The Nevada SOS site does not enable links to be posted to their pages but clicking on their link and entering Smartmetric or Genufood, also a Nevada company, will take you to the page which lists their Company details. Going to the filings link at the bottom of the page will take you to a list of all their respective filings.
At the present time the Nevada SOS site is having issues with displaying their documents so they cannot be viewed but this will hopefully be corrected next week.
I am a long term investor in Smartmetric and was taken aback by the sudden announcement on IHub and tracked down the Nevada SOS details and have queried the CEO about them.
At 23:55 on the 18th (Australian Eastern Time) she replied back to me with as follows;
"I am confirming that SMME is not merging with ANY company. This is an obvious attempted fraud.
Could be a criminal attempting to sell stock at a higher price in the supposed merger entity"
I have also spoken to the Company secretary and he is also unaware of any merger.
Given the fact that there are no similarities between Smartmetric and Genufood it seems highly unlikely that there would be any reason for a merger now or at any time in the future.
OBP.
SMME & GENUFOOD ARTICLES OF MERGER.
According to the Nevada Secretary of State website documents were filed on 14/8/2019 with reference number 20190096584 titled "Articles of Merger" for SMME.
On the same date Genufood also had documents filed with reference number 20190096584 titled "Articles of Merger".
The Nevada SOS site does not enable links to be posted to their pages but clicking on their link and entering Smartmetric or Genufood, also a Nevada company, will take you to the page which lists their Company details. Going to the filings link at the bottom of the page will take you to a list of all their respective filings.
At the present time the Nevada SOS site is having issues with displaying their documents so they cannot be viewed but this will hopefully be corrected next week.
I am a long term investor in Smartmetric and was taken aback by the sudden announcement on IHub and tracked down the Nevada SOS details and have queried the Smartmetric CEO about them.
At 23:55 on the 18th (Australian Eastern Time) she replied back to me with as follows;
"I am confirming that SMME is not merging with ANY company. This is an obvious attempted fraud.
Could be a criminal attempting to sell stock at a higher price in the supposed merger entity"
I have also spoken to the Smartmetric Company Secretary today and he is also unaware of any merger.
Given the fact that there are no similarities between Smartmetric and Genufood it seems highly unlikely that there would be any reason for a merger now or at any time in the future.
OBP.
Could you provide details?
What news of a merger and where?
OBP.
Dates have changed........
It was:
"CorporateAds, LLC was paid $3,000.00 a month cash for Social Media, affiliate posting and advertising for June & July 2019 from the company"
Now it's:
"CorporateAds, LLC was paid $3,000.00 a month cash for Social Media, affiliate posting and advertising for July 15-August 15, 2019 from the company"
With Smartmetric being "the company".
So another few weeks to go..................
OBP.
So you are stating you saw the SMME display?
And Henry Ford used to ride a horse..........
Does that mean that the need for the automobile was disproven?
Ford has been quoted as stating “If I had asked people what they wanted, they would have said faster horses.”
People don't know what they want until it is there in front of them and commonplace.
Prior to the automobile the horse was acceptable.
15 years ago no-one wanted a smartphone that you could use for all manner of things because it wasn't even thought of and your Nokia candy bar was the standard.
Today Brees doesn't know he wants a biometric credit card as a Tap and Go is the standard. Back in the day he probably used a Visa card that was run through the original click-clack imprinters and he was probably very happy with that level of technology as it was the standard. He probably used to write checks and post them to pay bills at one stage too.
Tomorrow who knows what Brees and 100,000,000 other cardholders will want.
OBP.
It's good to compare the two
The "My Health Record" MHR has a number of issues that have been noted publically.
It may not actually keep your health records, and if it does it may not be complete or accurate.
You have no guarantee of privacy. The database can be accessed by a number of parties legally including any Government department in an attempt to overcome fraud against the Government, the Police and who knows who else. In addition to the legal access there is access via hackers or medical staff who may be selling the data.
As of two months ago 900,000 people had opted out of the MHR, myself included.
Compare that to the MKR. The MKR lives in your pocket, it can have as much detail on it as you want. The data can't be hacked or sold.
OBP.
It will have 30 days.
Apart from that no one really knows.
The age of entitlement.........
If a statement like that was made to BP, KMart, Apple or any other major company about it's upcoming contracts or other business arrangements it would be clearly seen as ridiculous. Here we think that as start up investors who know the CEO's name that we should be privy to every facet of the companies commercial in confidence details.
Is she rude for deleting difficult questions on the board - possibly. Maybe she should leave them up unacknowledged or simply put a response that for legal reasons she cannot advise the details requested. The trouble is that this response would simply breed more comments such as we get on this board so deletion is possibly the best option. I'd agree that there are some people skills issues on her part but it's her board and she can do with it as she likes.
A result has been a long time coming. Longer for some of us than others. But as the old saying goes if you can't take the heat stay out of the kitchen. I'm in for probably a lot more shares than most and am down considerably dollar wise but I came for the profit and am still a believer.
As a shareholder I have no rights or entitlement to be advised of anything that is not available for the rest of the world to see as much as I would like to have this information. If I don't like the arrangement I have the right to sell up and leave.
OBP.
There is nothing to indicate that.
Either stream of business would be good to get into, and in all honesty I'm a bit of a tart and I'd take money from either source.
The credit card industry whether it's Visa, Master or the smaller ones such as store cards will be good but the hurdles to jump over to get into them are substantial.
The security card industry while appearing smaller offers an easier market place to enter. And while it's not the companies original focus it is a valid opening for our technology to generate sales and income.
As an aside to my comment above "The security card industry while appearing smaller" I would stress the word appears.
If I open my wallet I have two (2) cash cards. One is a credit card and one is a debit card. On the other hand for security type cards I have one for work, one for the gym, a medicare (Govt health provision), a card from my health benefits provider as well as a drivers licence.
All of these cards could be replaced with a SMME security card with significant benefits to the organisations that supply them.
The added security for my health fund of me being the only one who could access the services paid for by them.
The building I work in which is reasonably secure becoming more secure.
My gym being able to avoid litigation from the non insured person using my fob for after hours access.
The Police when pulling me up being able to ensure its me and not someone who looks like me using my licence simply by me pressing my thumb on the reader and showing a green LED that the fingerprint matches.
The possibilities are endless.
Ultimately what anyone who is holding shares wants are sales and revenue. I'll happily say yes to easier dollars while I wait for the credit card to happen.
OBP.
I work with electronic access.
What you are proposing would cost significantly more than utilising the SMME card.
We will assume that you are dealing with a building that is moderately secure to highly secure and with 1,000 access points. Each of these access points already has a card reader in place as well as the Maglock to secure the Point. Yes, the card works to an industry standard where holding the card in proximity to the lock activates the RFID loop in the card to trigger the lock, but the loop only works once you have activated the fingerprint sensor in the card.
To change the card reader to a fingerprint scanner would cost about $900.00 a point for the hardware as well as the labour costs.
The cost of the SMME card is limited to its initial cost, and for the sake of the exercise we will put that at $50.00. This is the total outlay to upgrade the system to SMME fingerprint verification as the card will work with existing RF card readers. But now we can get into value adding.
Alongside opening the door to get you into your office you now want to sign on to your PC which is secured to a higher standard than your home PC. You have previously had to have a dongle to allow you to have access for an additional layer of security (it defeats those people who leave passwords laying around or have had someone find it some other way).
Finally no company installs finger print readers on car-park or external doors as they are too easy to vandalise and difficult to access from a vehicle or while wearing gloves. For this you still need an old fashioned pass which you also wear inside the building to show that you really belong there.
Now here is the value adding..... Instead of the pass to get you in and show that you are in fact a pass-holder, as well as the dongle to get you onto your secure PC you can use the SMME card for both. As the card is able to be made to suit various frequencies it can be sold to suit the readers in your building. All this for the one of cost of $50.00(?) without the need or expense of fitting fingerprint readers to the existing points. And while I have only put down an estimate of $50.00 for the SMME card (that figure is more than your current access card in common usage) I believe that the SMME card alone will be cost neutral compared to the cost of a traditional access card plus a dongle, without the need to upgrade infrastructure at a significant cost by installing fingerprint scanners to each access point.
The above is in reference to a secure building (Government or Corporate) but the points apply to other areas as well. From the obvious such as access to banks electronic cash transfer or cash storage can be strictly controlled; to the more mundane such as limiting access to 24 hour gyms to the person who has actually paid for the membership rather than whoever he gives the access fob to.
The other upside to the SMME card is that your fingerprint is stored solely on the card and not on the network which removes any possibility of hacking and the theft of your fingerprint details.
OBP.
Agreements with Representatives (Hogier and Protec).
I had a wander through the SMME website tonight looking for the agreements we have to date.
There are two agreements currently in place. The first with Protec and the second with Hogier Gartner CIA. To get to them you will need to go to the Smartmetric website and then to the Investors / Sec XBRL filings page. Both agreements appear to be the same at a cursory look. Both list Smartmetric as “the manufacturer” and Protec or Hogier Gartner CIA as “the representative” in the relevant contracts.
It appears that Protec/Hogier Gartner CIA will not be manufacturing the cards, but acting as sales agents. I’d say this as Smartmetric is listed as “the manufacturer” in both contracts and that paragraph 9d of both contracts states the contract can be cancelled “By Representative if the Manufacturer fails to supply or fulfill orders for its biometric cards on a reasonably timely basis providing such orders are within the normal stated production capacity of the Manufacturer.” Given the type of business Protec and Hogier are in I had personally assumed they would have been manufacturing the cards also but apparently this is not the case.
The Agreement with Protec is attached to the 8-K dated 12/26/17 as Exhibit 10.1.
The Agreement with Hogier Gartner CIA is attached to the 8-K dated 2/23/18 as Exhibit 10.0.
The Agreement with Protec gives the rights “to promote and sell the security access control and identity biometric cards and all credit/debit biometric cards” (paragraph 3) in "the United States and other regions/areas by written mutual agreement” (paragraph 2).
The Agreement with Hogier Gartner CIA gives the rights “to promote and sell the security access control and identity biometric cards and all credit/debit biometric cards” (paragraph 3) in “All countries in South America excluding Brazil and Argentina (other territories to be added by mutual agreement)” (paragraph 2).
Interestingly it appears that the representatives may also sell outside their territories as paragraph 4 goes on to state "Order shall mean any commitment to purchase Manufacturer’s Products that calls for shipment into Representative’s Territory or which is purchased outside of the Territory through sales by the Representative."
Furthermore, paragraph 4 gives the impression that Smartmetric may already have some customers lined up in one of these territories as the agreement states "Any person or entity already being solicited or that has previously purchased Products from Manufacturer outside of the Territory will not be a Customer hereunder."
Protec/Hogier Gartner CIA will receive 5% commission based on the invoiced value of the product (paragraph 4). Smartmetric will forward compensation to Protec/Hogier Gartner CIA within 30 days of payment being received by them, or interest will be charged at 5% per annum (paragraph 5a).
This seems quite reasonable as Smartmetric are only responsible for supplying "samples, catalogs, literature and any other material necessary for the proper promotion and sale of its Products in the Territory" (paragraph 8h), while Protec/Hogier Gartner CIA are responsible for "all expenses of any and all kind including any expenses directly related in efforts to sell Products under this Agreement" (paragraph 8b).
Smartmetric is responsible for all collections and may at it’s discretion or it’s credit department decline a customer order (paragraph 6). While Smartmetric is responsible for collections Smartmetric may require Protec/Hogier Gartner CIA to assist in the collection of overdue accounts and provide details of credit rating of customers (paragraph 8e).
All Products shall be sold at prices and upon terms established by Smartmetric, who can vary the price as they wish (paragraph 7).
Protec/Hogier Gartner CIA "will maintain a sales office in the Territory and devote such time as may be reasonably necessary to sell and promote Smartmetric’s product within the Territory "(paragraph 8a).
The cards shall be "sold, marketed, presented by the Representative (Protec/Hogier Gartner CIA) as a SmartMetric branded product" (paragraph 8j) and "products shall bear Manufacturers trademark and patent marks as stipulated by the Manufacturer" (paragraph 8k).
The agreement can be terminated by Smartmetric if Protec/Hogier Gartner CIA "fails to conclude one sales order for a minimum 1,000 cards within the later to occur of (i) six months from the date of this agreement or (ii) six months from the date which production capability begins". (paragraph 9c). It can also be terminated by Protec/Hogier Gartner CIA if Smartmetric “fails to supply or fulfill orders for its biometric cards on a reasonably timely basis providing such orders are within the normal stated production capacity of the Manufacturer.” (paragraph 9d).
Yeah, too much time on my hands in the middle of the night.
OBP.
Hogier website back online.
The Hogier website is back up again.
Hogier Gartner, who are they?
Unfortunately their website is offline but here is some info on how many cards they produce......
The Nilson report of 2016 gives the following figures for sales in 2015;
10.8 million Payment cards
The Nilson report of 2015 gives some info on their financial cards as listed below from 2014;
Total payment card shipments 18.1 million, made up of;
14.4 million Visa and Master cards
1.0 million Other high security cards inc ATM and PIN
2.8 million Other payment cards
The Nilson report of 2013 also lists financial cards but also lists other cards that Hogier produced from 2012;
Telephone prepayment and non payment cards
2.5 million Prepaid/gift cards
280 million Prepaid phone cards
6.4 million Non payment cards
They are not even lose to being the biggest in the world and rank 45th according to the 2016 Nilson report, with the number one Gemalto being 26 times larger and the number two Oberthur being ten times larger. They seem to sell largely to the South American market. It's a shame we aren't in bed with one of the more major players but it's a start.
Also, a couple of non-English websites that have been translated by Google here and here.
Tongue in cheek
I would be inclined to think that the number of investors miffed would be a lot be a lot higher than two, where the number of banks wouldn't be that much higher than the seven mentioned.
But who knows. We are a vague sort of a company when it comes to figures.
Interoperable.... works with or alongside
SMME Shorts
No they are not a fashion item..........
Date Close High Low Volume Short % of Vol
Volume Shorted
Sep-06 NA NA NA 24,870 3,000 12.06%
Sep-05 NA NA NA 243,272 10,000 4.11%
Aug-30 NA NA NA 42,788 18,684 43.67%
Aug-29 NA NA NA 102,240 6,140 6.01%
Aug-28 NA NA NA 5,900 5,900 100.00%
Aug-25 NA NA NA 41,650 19,000 45.62%
Aug-24 NA NA NA 63,124 14,500 22.97%
Aug-17 NA NA NA 267,300 57,800 21.62%
Aug-16 NA NA NA 26,600 20,600 77.44%
Aug-14 NA NA NA 181,922 75,585 41.55%
Visa won't be using Mastcard's technology!
Even if M/C develop a card Visa won't be allowed to use it. M/C will not allow it as it will be too good a selling tool for them.
This means that Visa will need a card of their own to compete, and we have one that is available. Would I be upset if M/C didn't buy from us but Visa did................ no, not really.
Apart from that there are the myriad other uses for the SMME card; access control, medical benefits funds, national ID cards and so on.
That is assuming that the M/C card that is being spoken of actually works, or if it does work that it works as well as ours. AS PoorPS stated ours has a battery and it's a matter of swipe, watch the lights, insert the card and go; and ours is almost ready to go.
Even if the M/C card does come off there will be some banks that will prefer a different product to the one everyone else is using. And the bonus is that any other product will directly or indirectly promote not just the concept and the tech but also our SMME card.
Sorry Mike, we missed it.
But a belated
HAPPY BIRTHDAY
To You
At least when she speaks........
You can't see the spelling mistakes.
We use it at our work
We have been using biometric finger scanning for ten years now, I'm at one of the key buildings for our Federal Government. Prior to this I was at Woolworths, the largest retailer in Oz which also used biometric finger scanning.
It is the way of the future.
OBP.
And if there was any proof to the bad
then you would also post it. Like where you can buy an equivalent drive with biometrics for $5.00 as you so often state.
OBP
It is a legitimate investment in the company
While shares are normally traded from buyer to seller acquiring them direct from the company is a legitimate way of acquiring them and it has been practiced and accepted for as long as companies have been traded.
For a start up such as SMME it is often better for the company as the funds used to purchase the shares go directly to the company to support it in it's infancy rather than to traders.
Yes it increases the number of shares out there which some would view as a negative but how else do start ups raise money other than issuing shares.
And there is nothing "underground" about it. It's legal, the trades are listed and the purchaser is recorded on the books as having purchased and owning the shares.
As to what price the buyer paid it is generally at market in my experience. But I don't blame anyone for not providing details of what they paid as that is his own business and no one here should think they have the right to demand such information.
OBP.