SmartMetric Inc (SMME)

[StockMedic1]

ZWIPE has HUGE contract with MC. SMME has nothing. ZWIPE is using sensor technology supported by a company that is well funded and has sold more than 300 million sensors worldwide. SMME cannot possibly support any large real orders, production, manufacturing or otherwise with relatively no money and can't raise money until 1) they get a very large order, and 2) SMME sensor technology is proven. In fact, while the CEO claims its sensor was developed and proprietary to them, I haven't seen any reports or testing to determine if it is in fact proprietary or Chinese knock off sensor. In fact, I know biometric CEO's, and they do a LOT of puffing, going back to the Sequiam days (2004-2007).

She tells a good story, picked a huge market, but no one on here has any idea how hard it is to develop this technology, test it in real focus groups AND in the field, and deploy it into the market. There are only 2 CEO's who can, and have done that. This one, I doubt it strongly. I was at Authentec, Identix, Atrua, Fingerprint cards, Next Biometrics, as well as most of the Chinese knock off companies. She has chosen the wrong market because there is just too much scrutiny and it will cost $20M just to break into. And if you, as investors don;t know those names, then what the heck are you doing in this stock?