SmartMetric Inc (SMME)

[StockMedic1]

LM - this is even WORSE for SMME. ZWIPE and MC obviously have a LOT of IP protecting their card and system. SMME shot its wad (at least some time in the past it could) in the lawsuit which had nothing to do with biometrics. ZWIPE did it the right way, partnering with MC and testing the technology. POS terminal manufacturers will completely block SMME's card UNLESS a very valuable distinction can be made to warrant eating crow....and MC....NEVER eats crow. In fact, I have been to MC's Purchase, NY headquarters in 2001 and their entire facility uses biometric door access. Pretty simple. Register when you arrive as a guest, and off you go. Their system has the ability to know where your meeting is and lock you out of areas you are not suppose to be in. Just an example of MC's EXPERIENCE in biometrics. SMME's experience. ZERO

I have been saying this for a while - for CHAYA to do this, she needed permission from the patent holders. I know for a fact she doesn't have permission from one of them. She needs a contract with a major card issuer, or an endorsement from a POS terminal manufacturer. She hasn't disclosed that in her filings or PR, so I can only assume, NOT.