SmartMetric Inc (SMME)

[PoorP-S]

Trust you understand

a card will not work until the bank or other entity taking it on actually does its magic behind the scenes.
We've been down this road before..

When you have an expired card the bank creates a new one for you. Blanks are sent to the clever people who do the magic of uploading and linking all your information and the bank's information so the card will work when you stick it in a hole or swipe it in a hole or tap it over a machine. The bank sends it to you or tells you to go to the bank and sign for it. Until then it has all the working bits but it will not work will it? No. Not until all that other stuff happens.

So how then do you think smme can demonstrate a 'working' card to the world until a bank has done its bit of the puzzle? It can only demonstrate a proto-type or demonstration model, with flashing lights and goodness knows what, sufficient to hook a partner to take on working trials. Only then will that 'partner' do its magic with the blank cards they get delivered by smme, issue them to customers of various demographics, and monitor results and opinions of those customers. It would not surprise me that even more modifications are made to the card before we're all wealthy. And if CCH is to be believed at all (!!!!!) we are up to iteration number 7? 8? more? of the card, 'cos each time they get to where they thought they wanted to get to, they decide on another improvement.

Not saying I'm happy about all this mind you, just saying...

Have I missed anything?