SmartMetric Inc (SMME)

[StockMedic1]

How about the CEO proving what she says is true? Proprietary? miniaturization? Is that what she told you? And you believed her? Biometric cards have been around for more than 10 years, in various prototype stages, and she certainly is NOT the first one to our biometrics on a card. That was first done in 2004. This is the problem that well intentioned investors have, because a technology and its application appears novel, they wishfully believe what the company says as true. Like I said, there are only 2 CEO's who have done this, and brought actual products to market. This one is incapable because I know this industry, I know every player, every manufacturer, I know every component supplier, and I have been investing in this industry for more than 15 years.

If she had proprietary technology, one of the big tech companies would have offered 100's of millions of dollars. She is nothing more than a technology integrator. I doubt she developed the silicon sensor, because if she did, everyone would be knocking down her door since Apple bought Authentec.

So spin misinformation any way you need too, but you can't BS or sugar coat someone who knows this industry inside and out. Sometimes the best CEO's know when to get out of the way.