SmartMetric Inc (SMME)

[1NVEST0R]

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.