SmartMetric Inc (SMME)

[pottsville]

When I took up stock with this company I was reminded clearly to only spend what I can afford to lose... And THAT is the essence of it all. If you did otherwise then fool you. No-one held a gun to your head and made you buy...It was (is) a penny stock and if you look at the odds they ain't good.

Lets face it when we heard about this company and it's prospects, I am sure we all had visions of riches.

Bale, Gonski and a few of you others I bet you wanted to payout the kids mortgages. I bet you wanted to take your Mrs off on a first class round the world trip and buy a house on Sydney harbour....and, and, and.

Well it ain't happened, at least not yet and the probability of making money is not that great. Statistically speaking when it comes to penny stocks, this is generally the breakdown of your chances.

'Roughly speaking, you can expect a total loss of your investment 95% of the time, a two-fold increase in your investment 4% of the time, and a ten-fold increase in your investment 1% of the time.'.........And, your DD that you did at the time would have revealed all those details before you invested, right?

So based on that, the reality Bale, Gonski and others, you've probably done your dough. So yes sit back, suck it up and hope like hell something will come of all of this sometime soon. and Bale don't ask me when 'soon' will be...I have no idea....All I have is hope

And now I need to go fishing while the tide is coming in....oh and as doctor Shiner ordered, a tincture.