LogicMark Inc (LGMK)

[StockMedic1]

There are already electronic wallets incorporated inside of iPHONEs and Galaxies, and both have wireless payment options after biometric authentication. The Wocket appears to be designed for those who don't trust those devices. However, current management has NO CLUE what the consumers will actually buy, and they have ZERO experience in the consumer markets, especially with this technology. Conceptually, the Wocket is an interesting product, practically, it probably will not be adopted by enough people to justify the expense and investment of developing and selling it. Just take a look at SMME, that actually had claimed to develop a credit card with actual biometrics built into it. They think the card issuers will adopt that technology. I would guess that the SMME card would first have to be adopted, and then 5 years later, maybe, the Wocket has a chance. I think this company needed a new story, and it was born from government tech heads who have NO CLUE about the consumer biometric market, but raised a lot of money for an experiment. IMHO.