SmartMetric Inc (SMME)

[The Joker1143]

Sir, I admire your tenacity, misplaced as I believe it is.
Some background on myself so you know where I am coming from.
I have recently retired after a long career in banking and finance at a high level. During that time, I approved or dis-approved funding requirements for many companies similar to SMME. Many succeeded, some failed.
Funding decisions are made on certain parameters, not the least of which is equity involvement.
SMME has, I believe, its main obstacle in the dilution of not only the shareholders stock, but particularly that of the CEO.
It is apparent to me that any offers which MAY (!!!!) have been made would be along the lender taking an interest by way of share capital. The company, unfortunately has no asset backing of any worth to offer, and in any case the CEO has a charge over the entire box and dice. This would of course be an absolute requirement to be removed prior to any funding at all.
I have used the expression "blue sky" in a previous post...I am sure you know what I mean, so...I ask the question....given that the two potentially largest clients are "off-side" (M/V), the market would seem to be greatly diminished.....not a good state of affairs for any would-be lender. There is only blue sky at present.