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Duke Wednesday, 05/25/16 08:09:41 AM
Re: The Joker1143 post# 9559
Post # of 10343
Joker, if we don't have something descent announced by October, I'll run naked down George Street, Sydney.........that will at least give your shareholders some value for their money.
Duke,
Im not sure what a card demonstration will achieve.
It's been done many times before. Just how will it change our fortunes this time around ?
As for giving HER one more month,
I've given it 6 years already.
I invested in a CEO called Colin who spent my investment on a "snip & tuck".
I owe Chaya NOTHING.
SHE OWES ME, AND SHE OWES YOU.
Do you really think that a card produced by Smartmetric containing a battery, CPU, NFC and a fingerprint reader will have less problems than a Samsung phone?
Based on this company's track record we'll all need to be carrying cash again.
I prefer this paragraph,
"Cards remain the preferred water to buy things and this is why we as a company, have devoted so much time and effort into adding biometric fingerprint scan technology for improved security," said Chaya Hendrick.
Go back to primary school Colin.
I would doubt that a single MKR was ever sold.
I do recall an investor ordering one, paying with paypal, waiting for weeks or months only to have paypal refund the money claiming that smartmetric didnt have a valid paypal account.
Smoke & mirrors.
Apple have sold roughly 400,000,000 iphones since the release of the 6.
100 faults is hardly significant.
The USA has around 10,000 murders a year with a population roughly that of 1 years sales of iphones.
A faulty phone is the least of your worries.
In the last 6 years I have had 3 iPhones and they all still work.
In the same timeframe, 4 credit cards have failed me at the checkout.
If only I had bought Apple shares...they actually a product.
Great idea.
Perhaps we all should provide proof of who we are. Lets start with the scientist shall we.
Next I'll need Dukes identity so I can pick him up after his nudie run down George St in a few weeks from now.
Dont worry, I'll bring him a blanket to cover up his embarrassment.
After that we drive down to Canberra to have a look at colins famous property development. Anyone got the address?
My apologies Duke that we have to drive down but I was unable to book a flight on Australia Air. I believe their server had trouble connecting to the network.
Now, as to shares, do you realy think anyone would waste their time on this forum if they didnt have shares.
There is no need for outsiders to sabotage this company, they achieve that quite successfully 'in-house'.
Anyway, I dont recall a price rise whilst Mike was absent, I think you give his input too much credit.
So, as a shareholder, I invite anyone with relevent information on this company to post that information whether they hold shares or not.
Information is power, not ignorance.
That, is without doubt the 'post of the year'
Well said.
I like the reference to our CEO in the last sentence.
So what you are saying is that Henry Ford should have waited for the airbag to be developed before releasing his first car.
That, by your reasoning would have been a good service to his customers.
With all due respect, I think you need to read the next paragraph in that press release.
Apart from the fact they are comparatively much more expensive to buy, have terrible resale value, mostly have poor performance, short range on a charge, long recharge times, insufficient recharge points, about a 5 year battery lifespan, petrol is still affordable and the questionable environmental advantage when the production of the batteries is taken into account.
No reason really.
For those of you who are fed up with certain posters, I believe that you can block them (and myself for that matter) in your ihub settings.
You will then never need to see their posts again.
I for one appreciate research done be anyone, so I'll keep on watching the show.
So before you complain about someone posting facts, just delete them.
Its much better not to hear bad news right?
I believe you can select this feature by going into ihub settings and selecting the 'ostrich' feature.
I'm sure Colin will have the last retort.
He simply deletes any posts that he doesn't like, like any true dictator. And much like Pauline Hanson, just 'prints more money'
I'll keep my citizenship in the the ihub democracy, where everyone has the right to freedom of speech.
Fair call
The Titanic did suffer from a lack of repeat business though.
Apparently not
LMU,
Firstly, it is not you business as to whether or not anyone here owns shares.
This forum is to allow the discussion of SMME by everyone, not just the '1m share club'.
However simply doing some DD and reading my last few posts would answer your question.
Once again the hard questions are being answered by irrelevant questions. I do applaud you for not resorting to insults though.
I have followed this forum long enough to see LNM shatter the never ending self gratifying posts from the likes of yourself, Nuts, Ranger and Shiner talking about buying pacific islands and huge celebrations in AU. Ive seen photos of lab technicians working away in the SMME factory in South America (whatever happened to that factory and its machinery, and its staff?)
Ive seen fictitious product releases that amounted to nothing, bogus lawsuits,even mining ventures on the side.
Ive seen 6 years of nothing but BS come from this CEO, what makes anyone think the next 6 will be any different.
We should all be on the same side here, ANY factual information about SMME no matter how disappointing, upsetting or repetitious should be welcomed by all.
I wish this board had its current diversity of poster when I was about to invest all those years ago.
Have a look where you all would be now if you had invested in Visa or MC instead of SMME.
I have a couple of questions for the supportive shareholders.
These pertain to your CEO's credibility.
If you dont know the answers to these questions, then you should do some more DD.
Did he really have an airline?
If so, what aircraft were purchased or leased?
When and where did it fly?
How many paying passengers travelled with Australia Air?
Was a single MKR sold, and if so why was that amount not disclosed?
How many patents are owned by SMME? (Not Colin)
Now read the patent/s and demonstrate to us all how any of the claims relate to the card, and how much protection they offer.
Yes, I read 'the' patent years ago and I apart from protecting Colin's right to spam customers, it really doesn't cover biometrics, batteries, low temp laminating or circuitry.
And finally, whats the address of the development in Canberra?
I'd like to stop in there some time and have a look.
Now before you throw insults my way or question the relevance of past activities, who amongst you doesn't want to know the answers.
And as to my earlier Titanic reference, I was not refering to the iceberg but rather to the fact that 3 months before its maiden voyage the first diesel powered ocean liner the Selandia was launched in Denmark, making the Titanic obsolete even before it sailed.
I believe most of the detractors are shareholders and as such, once believed in the company.
Any success however, no matter how spectacular will ever excuse the contempt and deceit that this CEO has shown to the investors who have tried to make his or her dream a reality.
There are two issues here, will the company make us money, and have we been despicably misled for years?
If we keep them separate, I think we all want the first, and all agree on the second.
We are all in the same boat here. I just believe it's the Titanic.
I think I may owe you an apology Nic,
It seems you are not the only one that thinks I am an idiot.
My wife, family, friends and even my accountant think I'm an idiot for investing in smartmetric.
The difference between you and I (apart from the ability to hold a conversation without resorting to insults) is that I have accepted my mistake.
I WAS AN IDIOT.
Hi Nic,
Nice use of insults yet again, very scholarly.
I would now like to draw attention to a paragraph in your last post.
"And regarding the spelling issue - spelling simple words incorrectly takes all the wind out of your sails. It tells the world that you're either stupid or ill-educated or both, and immediately undervalues your work. Take this as free advice. "
Are you seeing the irony yet?
My next questions is,
Who would invest in 1.6m shares in a company run by such a person?
Good luck to you Nic.
Hi Nic,
Well it seems at least one person gives a toss.
So much so that you have resorted to insulting my intelligence.
I'm not upset though, it seems to be your default response.
I don't think I'll even report your other insults as I'd prefer your comments to remain for all to see.
Clearly I've upset a 'believer', those who cannot cope with the thought of this company failing.
Luckily I have only invested what I'm happy to lose, so no mater what happens to SMME, I'll either be laughing at my bank balance, or laughing at yours.
I'd also like to apologise for any spelling mistakes, even though someone of even average intelligence would know that spelling is not an indication of intelligence, but you knew that right?
No,
Colin is pretenting to be Chaya,
who is pretending to be Securityscientist,
who is pretending to be a CEO,
who is pretending to have a product.
Simple really.
Shouldn't you be saving this information for your next press release Colin?
'Fantasia' obviously.
I believe the CEO has an airline operating from there.
See, the company IS in mass production.
Mass production of share certificates that is.
Hey Potts,
Dont forget me in your list of sceptics.
We are possibly the majority of this forum now.
I for one wouldnt buy another share at any price.
Even if these shares hit $100, non of us would owe the CEO the slightest apology.
His/her ongoing deception and contempt for investors is unforgivable, and probably illegal.
I assume from various recent posts that we are now in a 90 day evaluation phase.
I love this 60-90 day stuff. What will the next 60-90 day phase be? Contemplation, followed by procrastination, hibernation and then hopefully incarceration.
For the card to be real, it first must work, for it to work, it must make a secure transaction.
So yes, someone IS asking if a transaction via fingerprint verification has been made.
If not, your'e just holding a $20m piece if plastic.
And as for " who cares what happened in the past", everyone except for the Osteridge.
I dont believe that is an accurate conclusion.
Every investment must be measured in terms of oportunity cost. That is what else that money could do for you.
The benchmark in AU is government bonds that are returning 6%.
If you took your 10 cents and invested it in bonds it would now be worth just over 13 cents. The same as the current share price. Any profit over this is considered a worthwhile investment, anything less would be concidered a loss.
You also need to consider inflation for the last 5 years. This would have reduced your profit by at least half.
So, a good investment so far. Certainly not on paper.
By the way, in the same 5 years Visa, Mastercard and Apple went up 275%, 351% and 249% respectively.
And those unfortunate investors that bought smme a couple of months after you are still down 80%.
I still hope this company can one day turn a profit for my sake, but unlike the person that sold me smartmetric, I have no desire to sell them a bad investment just to try and pump mine up a little.
I do have some morals.
I wish someone had told me to do my DD 5 years ago.
"If something seems to good to be true....."
I dont want to go off 'half cocked', but would I be correct in assuming that as shareholders we not only funded 15 years of world travel but also a sex change a few years ago.
Just trying to understand where my share of the 20 million went.
As a shareholder I dont believe this is off topic.
We can still be fiends Mike, just leave Australia out of it.
Unfortunately I am unable to answer your questions, however I would like to thank you, and the many others who tirelessly sift through company filings to bring such matters to the attention of other investors.
Keep up the good work.
Much more helpful than those who just copy and paste PR links that everyone has already seen.
Thanks again for you're contributions.
Firstly, is that U.S. fraud or global. U.S. is about half that of global.
Anyway, $7b vs $11b won't affect the argument by any significant amount.
Secondly, I don't believe this is similar to insurance.
Why would the bank or the customer pay the 'insurance' when it is the retailer who is most often left out of pocket as the result of a fraudulent transaction.
Once fraud is established, the customer would more than likely not be liable for the losses unless negligence could be proven.
The bank will then often recover the funds from the retailer.
Whilst insurance benefits the policyholder, this will only benefit a non-contributing third party. (Retailer)
I certainly won't pay a premium for it.
I'm not convinced that this is a "no brainer"
A quick Google reveals there are 232m American adults with an average of 2.6 credit cards each.
That's around 600m cards with a monthly cost of 5-10 dollars?
That 36-72 billion a year. I believe CC fraud is around 7 billion in the U.S. annually.
Unless someone can show me where I've made an enormous error in my calculations, I just don't see a market at that price.
You might find the 1% will pay the premium, but that would still leave 99% vulnerable to fraud.
To put it in perspective, $7b in fraud divided by 600m cards = $11.67 in fraud per card per year.
Surely the cost of preventing fraud must be lower than the cost of the fraud to make it viable.
The Ford Pinto case highlighted this sort of cost-benefit analysis decades ago.
Optimistic by name, optimistic by nature.
I'll agree she probably breaths, and the world is round.
Not sure if she's been paid, let alone the staff.
As for testing ...,
"Misled how"?
Misled 5 years ago when told the card was ready for production.
Misled when we were told the patent was relevant to the card.
The patent doesn't mention fingerprint sensors anywhere.
Misled when we were shown pictures of smartmetric workers in a factory wearing white hair nets.
Misled when we were told that mass production machinery had been delivered to that factory in South America.
Misled when the Medical Keyring was in "mass production" then "limited production" then "no production".
Misled by dozens of "this quarter" promises that never eventuate.
Misled that the CEO had an airline. There was never a contract, an approved route, a single passenger and more importantly, never an aircraft. If you don't have all of these you don't have an airline, only a dream.
So, like the rest of you who invested without doing their DD, I reluctantly sit back and watch the comedy show continue.
At least I only invested what I could afford to lose.
And LNM, deep down we all know your right. No one like hearing it though.
Win lose or draw, we've all been misled for years.
Not groundbreaking?
The companies latest press release thinks it is.
"SmartMetric, the Developer of a Breakthrough New Credit and Debit Card"
We've all been led to believe it was.
Perhaps a better word is "misled"