I heard the regurgitation of prior press releases. There was some traffic around the booth, but there were no technicals and no demonstrations that I saw. The show was heavily attended, but the size of the convention hall allowed the people there to spread out. As a presenter, she did well, but didn't disclose anything new. So, the verdict is out. She presents well and knows her facts, but there was no way to see the card work. It may, it may not, so I can't comment. Card-LAB was not there but there were some other card-based companies that actually demonstrated cards. So, in theory, what SMME has would be a solution for this market, if its real and if its adopted. Some of the attendee's I spoke with (Banks and a few bank security consultants) said they were looking at other, network based security solutions that puts the finger scanner on a POS terminal, although that has been around for a few years and some other countries company's have adopted that. Systems like those are also intrusive.
I saw the card in the case. I spoke to a few people, and there was some interest. They wanted to see it work, so maybe Chaya will have private show and tells. I know any bank that would be interested would want this company properly capitalized, and in my estimation, thats about $50M to survive 5 years of manufacturing and customer service, at the levels Chaya expects. The banks look for financial stability in a company. Can she get there? She needs a serious reverse split, acquire a company with revenues, and uplift to get her the money and attention this needs. She is not going to do that, or even meet the banks financial requirements just on a few PO's if she gets them.
So right now, I am neither a strong supporter here, or a basher. I personally will give this 2 more months to see if this show provided any traction for her. If so, I'll buy more. If not, it was a gamble to begin with.
