is thinking, therefore he still is.
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Good to see you here, ammobox. Thanks for the news.
Ant-sized battery shows technology catching up with SMME.
There are several ways a fingerprint-by-wire system might work when you purchase something online. The simplest is bluetooth connection to the device through which you are making the purchase. An installed app would wait until you have activated your card before permitting the purchase to go through much like the "captcha" box you often see while making purchases now.
I'm near Disney myself, Bilboo. Got into SMME as a trade, then bought into the product and have been here more years than I ever planned. Perhaps we can discuss this over a drink sometime. Best…
This is a positive, not negative, sign for SMME if they are hoping for fingerprint biometrics to gain generalized acceptance. The biometrics in the article use a smartphone, while SMME is contained physically within the card. The smartphone (iPhone) fingerprint has been shown to be hackable by lifting a fingerprint from the screen. JMHO
Chart diving to Oversold territory on a few early trades of large blocks. Seems those in for the legal outcome aren't willing to wait or have the confidence in the outcome. Still very high historical Accumulation remains. SMME has a mix of very loyal shareholders and opportunists that appear to be leaving.
Closing at .12 or above on the bloodletting today would be a victory for long-term holders. My opinion only. GLTA
SmartMetric Had Its Case of Patent Infringement Against Both Visa Inc and MasterCard International Heard This Morning in the Federal Circuit Court
2 hours 29 minutes ago - DJNF
SmartMetric Had Its Case of Patent Infringement Against Both Visa Inc and MasterCard International Heard This Morning in the Federal Circuit Court
NEW YORK, NY--(Marketwired - Aug 8, 2014) - SmartMetric, Inc. (OTCQB: SMME) is pleased with the hearing of its patent infringement case against both Visa Inc. and MasterCard International this morning before a three Judge panel of the Federal Circuit Court.
The attorney representing SmartMetric at trial, Mr. Patrick Bright of Wagner Anderson and Bright presented oral argument and was then questioned on points of law and aspects of interpretation of points in the SmartMetric patent claims. SmartMetric is very pleased with the insightful questions of the panel of Judges as well as the answers on points of law and logical interpenetration of the wording of our patent claims dealing with matters of interest to the Court.
Visa Inc. and MasterCard International were jointly represented by Jones Day law firm in this morning's hearing.
After flurry of PRs, company's gone quiet, Duke, which just might mean discussions are taking precedence. JMHO. Best...
Interesting observation, TL. I've been noticing the Accumulation line topping the +3M mark quietly in the background, the highest level it's been at in a long time. And the downward trading pressure is with very low volume. Someone seems to be convinced we're going to see higher highs soon. Best...
Adding more on Monday. Breaking through resistance with relative ease, and indicators are tightening. Also, PR blitz has begun leading into court hearing. GLTA...
Away for a bit. Good to see new names expressing interest. Would love to hear more from new posters and lurkers giving their take on many things we've begun to take for granted...
Galaxy s5 fingerprint login is hacked. Don't panic, though.
We already know about the previous hack of iPhone fingerprint using the same technology, but as the article points out, there is a further key-encryption linking to the PayPal account. Chaya addressed this (either here, or on Reddit thread), also mentioning the key encryption contained within the card, which allows a replacement key tied to the user's fingerprint in the event of a loss. And, of course, there's the picture (newest promise) that will be an added security feature on the card connected to fingerprint authentication..
I'm inclined to believe it's Chaya's refusal to give up control that is relegating investors to the back seat at the moment, Shiner. Otherwise, why would there be the continued vigorous, many times angry, pursuit of recompense from MC/Visa. Were it strictly a ponzi scheme, she could instead continue issuing shares & collecting from a new cache of "believers." This is surely the sign of someone emotionally invested, as well as financially.
This does not serve our concerns well in the short-term, and perhaps even in the final outcome. I agree, though, for investors, Hub chat should be a non-starter.
Yes, it does actually influence some penny stock prices when the chatter gets amped up, but there's usually a lot of noise and misdirection being driven by people with the means to drive the volume and speculation until it's on everyone's radar in penny land. Then the usual sell-off occurs leaving the bag holders, etc. If you're invested, though, that noise disappears and you'll find prices level off and stability returns. At best, you can use those opportunities to decrease/increase some of your holdings.
Those movements come with penny stocks, and are only controlled by sustained news, which brings us to the observation of fluff vs. real news. Someone observed earlier that by keeping good and not-so-good news flowing, Chaya builds more credibility over issuing tangential and repetitive PRs. I agree whole-heartedly. Her messages need to be for general consumption, therefore complete each time, but targeting her investor base since there is little to no direct communication any longer.
And therein lies the rub and the answer: Talk to your investors directly and at regular intervals, then you will erase the need to vent publicly. Engage.
As always, my opinion only, and the best to all here...
Your faith in purchasing here is well-founded, in my opinion, LMU. There is very strong support in the .13-.17 range, and if we can punch through the SMA at .19, we'll be back in a narrow range of consolidation between the SMA and the Weighted Moving Average (.20). This will pinch the indicators together and should draw the attention of traders.
Of course, there is a trade off in that it creates volatility in the short run, but the desired long-term outcome is increased eyeballs on SMME for investment consideration. With that in mind, and to FromDownUnder's point, it doesn't hurt for all of us to continue the frank and open discussion, all the while keeping in mind the overarching goal, and giving balance to our public comments.
Personally, I think this board is one of the finest on I-Hub I've ever followed/moderated/commented on. Save for the occasional outbursts now past by LNM, most discourse has been civil and supportive, even during the most frustrating times. Sharing those frustrations is not necessarily a bad thing, especially when it helps the group to endure. No one seems to be a neophyte with little understanding to the meaning of the risk involved in a start-up, and we all--those that invest--accept those risks.
That so many remain after so long is testament to the true faith in SMME's long-term prospects underlying the sometimes vocal frustration. I am pleased to be a part of a community not content to be parasitic traders on a company's good fortune, but instead be one that is willing to endure for the greater returns that come with actually creating something. (And THEN reap our buttload of returns!)
These, of course, are my own personal observations and reflections. My best to all here...
Safe journeys, LMU. Crossed fingers are de rigeur these day! Best...
Hi LMU,
I apologize for the delay in replying.
Regarding the other company's ability to attract 19 million, I don't find that a fair comparison. Wearable technology is to today's venture capitalist what mobile smartphone technology was 10 years ago, and largely continues to be. 10 years ago, wearable tech was "neat" and "something to keep on the radar," but scaling wasn't there yet for a reasonable ROI.
For SMME and the like, security--or lack thereof--of one's personal information is beginning to arc in interest, and the articles, blogs, reports are beginning to toll the death knell for security devices like passwords in favor of biometrics. SMME needs to continue beating the drum that its (importantly) *self-contained* model is the most secure. It offers a large amount of memory with the security of a fingerprint.
Still, they are the little fish in a big ocean and being beaten to the trough is what concerns me most. I think Chaya is concerned, too, as she brought up the Bitcoin thing. And I think she got ahead of the more controversial parts of that well when she pulled back to confirm her commitment to the payment card & MKR before moving ahead w/BItcoin.
Regarding the share price, I'm not altogether concerned. I think I've stated before that I entered as a trader & decided to stick as an investor, following from hill to trough and back. In the process, I've accrued shares at opportune moments (and some not-so-opportune!), and sit relatively safe at the current price. As long as we continue trading between .18 & .23, I see this as healthy consolidation that will build for the next break. (Today's close that dropped us below .18 barely registered, and the day's volume was 1/3 average volume. No worries here.)
All that said, I'm not in the "disappointed" mode yet because I have no intention or need to sell at the moment. In fact, I'll be fine sitting here for the next year or so, if necessary, therefore I don't worry too much about these price fluctuations as long as they conform to normal trading patterns/responses to news, etc. We know the value sits at @.20 for the expected release of a good product, and at @.40 for a potentially favorable response in court. The other runs both up and down were driven on emotion and speculation, in my opinion, and should be ignored.
In short, I believe we will get there if the pieces fall into place. And like it or not, that will rely largely on Chaya's abilities as the CEO of a company, not her abilities as a tech genius.
My Best to you...
Wearable medical info gathering device a potential partner?
Saw this article and thought of MKR fingerprint as possible technology partner vs. competitor...
I'll stick my head up for a moment...
Where trading is concerned:
There is a really nice consolidation going on right now, with a channel between the SMA (50) and EMA (200). We settled closed right at resistance a couple of times, and since then only low volume bouncing off of .20, which is 2 cents above the SMA support--already a penny higher from last week at 18 cents. As EMA & SMA pinch with higher volume in the buys and lower volume sales, we're looking at growing pressure to push through and stay above that stubborn .23 resistance.
Where investing is concerned:
This is the category I fall under for SMME, using the charts to take advantage of buying opportunities. I also sold well-behaving stock to buy more during the dips, and am underwhelmed with follow-through thus far. However, I knew the risks going in and have maintained a teetering point between gains and losses. It won't kill me to lose it, but would be quite fantastic to see some returns. And even nicer to know I've been a part of building something of substance. Best...
Duke, I find this quote interesting:
Closed at resistance, which I follow conservatively as the 200-day EMA, after crossing today. Should begin forming new support at .23, while only light resistance exists at .26 & .28, then it's up to .38-.40 range, in my opinion, before next serious resistance. Support will follow. Best...
Agreed. Slow and gradual growth adds to the stability, removes overall speculation and volatility. Here's a little news today on the BitCoin realm and security:
http://gizmodo.com/somebody-hacked-into-silk-road-2-and-stole-all-the-bitc-1522447611?utm_campaign=socialflow_gizmodo_facebook&utm_source=gizmodo_facebook&utm_medium=socialflow
Good day of consolidation. Green all day, excepted "painted" close.
Just need a close above .23, and we have new support w/resistance a long way off :)
Wristband unlocks Bitcoin wallet using biometric security of heartbeat
Found this in my afternoon readings...Best...
Support is at .17 (SMA) and resistance is at .23 (EMA). It wasn't broken, but really good consolidation on high volume. Pushing hard on that resistance, and once broken, there's a lot of space until next level of resistance.
This has been dead money to me for so long, I'm just gonna hold and wait. Nothing to lose, really. And a big pop could give me a place to exit with something of value to buy in elsewhere. JMHO, GLTY...
No safe harbor statement. No apparent tie-in to SMME's PR machine. Very nice find, Duke. Thanks for sharing.
Also, we're seeing really nice consolidation happening between the SMA and EMA, which bodes well as the SMA is tugged upward. It's good to see price movement responsive to news independent of the court cases. Best...
I'm in the US, mn&b, though my cousins in Sydney may have led me here :)
Good news, Bale. That's the kind I've been looking for…Best...
Hi Agent, and welcome. I've been invested here for several years slowly accumulating, which is by no means the wisest and least risky choice as your questions make clear. Fortunately, I've managed to add during troughs in the price.
As for your questions, there is only one I feel comfortable answering solidly is the existence of at least one of the three offices they have listed. They do, in fact, have a presence at the Bay Harbor Island, FL address, which is found in North Miami Beach, should you decide to travel there. I've not personally been to Argentina or Israel, though, so I cannot verify those.
As far as their devices, the MKR just came out in a test market last August, so until then, it also publicly existed as a rendering in the virtual world. This tells me they are making progress, albeit slowly.
Chaya's use of Wix for the website is most probably attributed to simplicity, and once begun, it becomes all too easy to let slip in priority. There have been several of us--myself included--who have recently called this into question, and made it known we would like to see more attention paid to packaging of the company, as perception is at least equally as important as content when it comes to making money, if not more.
There is a strong likelihood she may be holding the lion's share of cash to fund the litigation against Visa & Mastercard for patent infringement, and is being as frugal as possible, making for much slower growth than many of us would like, but growth nonetheless.
This is all, of course, my own humble opinion, and highly speculative. All the best...
Two very relevant, week-ending occurrences for SMME, in my opinion:
The news release was a statement on an action taken by the company, and the next step to follow. It clearly explained the reasons behind it, which included why SMME and Bitcoin make sense as partners going forward. These comments were made with substantial trends supporting their claims, rather than made in separate news releases. The company has seen an opportunity beyond their current work and leap-frogged over the banks into the future of digital currency. Well done, Chaya.
The second relevant event today was when the share price finally punched back through the Simple Moving Average ($.17) for the first time since falling through it back in September, and did so with exceptional volume. The next resistance sits is the Exponential Moving Average at 24 cents. That's a pretty good range between the two, so if you missed the chance to grab some more on the drop, there should be time to collect within this range as the price consolidates. This is all just my humble opinion, of course.
Best to all...
Truly, it is an honor to be nominated, and in such good company! I'd like to add to your accolades bestowed on all the contributors of late, and the wish for a wonderful Christmas with a 2014 full of health and wealth is returned likewise to all...
My Best...
Thank you, OBP, that captures my intent. In the category of "odd coincidence," upon arriving at work, I received a widely distributed Outlook message this morning from an executive in my company sharing the latest tech to get us thinking outside the box. At the top of the list was Coin.
Without sharing my employer name (the occupation listed in my profile is adjunct), I don't work for your run-of-the-mill operation. It is a multi-billion dollar international media corporation, and the gentleman sharing the link is one of its top global execs.
Regardless of Coin's weaknesses, it now has proponents that can help to address those during a process that has seen it build revenue exponentially, a goal any publicly traded company should have.
While still supporting Chaya's decision to continue litigation, I ask you: Do you think it would be in our better interest to be suing Visa and MasterCard, or receiving an internal memo endorsing SMME's product?
The environment is perfect for SMME, but only if it hits now. The case of whether or not this is a viable product is best won in the public, and Potts' posts are dead on in the estimation it is owed to those who have invested so much in this project.
Need more funding? Try Equity Net, Indie GoGo, Kick Starter, to name a few.
There are, of course, multiple video outlets to create SmartMetric channels, or better: Channels that speak to this technology, which would attract more eyeballs.
SmartMetric should be leading the story, not becoming a footnote in it, especially if it is so ensconced in the technology to be filing a lawsuit protecting a years-old patent.
FWIW: Coin is being sold a year before its promised delivery date. No trials, just proof of concept. With delivery dates promised in the next few months, shouldn't we be dressed for the show?
Nice reply. While there are a couple of things that Coin and SMME share in this article that worry ("Card issuers may not take kindly…", "Stores & other points of sale may not accept…"), I wonder if there is opportunity to double down on the secure & self-powered aspects of SMME's offering in contrast, or even partnership...
Here is an article about Coin that I posted earlier:
Coin Device That Consolidates Credit Cards Is Selling Like Hotcakes
Are we keeping abreast of the competition? Are we even aware of it?
The simplest exposure is many times the best as it takes us through a simple description of why you need this product. I've been in media production for 25 years, and this fits the model of efficient message delivery:
Coin
What are we doing?