SmartMetric Inc (SMME)

[optimisticbutpatient]

You are putting the cart before the horse.

No, we can't start production now as we have no cash to make cards and we have no customers to buy them.

Even if I gave the Company $100m today we would still not be in a position to make cards as we have no orders. Production of a card involves making the card for the specific customer with their particular logo laminated onto the card. Whose logo would you suggest we laminate? No one makes up a million cards or any other bespoke product without a specific order for the item.

What is occurring at this time is getting customers. Whether this is by showing them the video that is being spoken about or by using a card from the limited run that they are currently raising funds for.

Once you have an order raising the capital to do a run of 500k or 1m cards will be easy. Walk into a bank and say I have a factory, I have an order of 500k cards from Visa/Master or whoever and the cards will cost 10.00 to produce and sell for 20.00 and they will bend over backwards to lend you money.

Getting a loan will be all the easier as the simple fact of a signed contract will lift the share price significantly.

For what it's worth I too am annoyed about the way that things have gone to date. But show a little common sense folks. We all knew it was a startup company, we all knew it was new tech and we all invested as much as we did because we wanted a dividend.

If you seriously think it's going to tank then logically you should sell your shares and be out now while they are still worth five cents. If you think it's going to happen then sit and buy more while they are cheap. If in doubt weigh the potential profit versus the loss of the final five cents if it does tank.

Either way don't bleat as all it does is further reduce confidence. The only ones who make money out of "the sky is falling attitude" are people who are supporting other firms or who have shorted the company.

I'm still here because I am still optimistic and I have a lot invested and believe it will still be an earner.

OBP