SmartMetric Inc (SMME)

[SecurityScientist]

Another green day. Great for SMME shareholders. I thought I would offer some insight into a company that has a patent for basically a fingerprint lock on pill boxes. It is my understanding that this company approached SmartMetric regarding doing a cross licensing patent deal. After researching their patent SmartMetric declined. SmartMetric viewed their patent as having no relevance to the business of SmartMetric.

It has been interesting to watch some supporters and people deeply involved in that company use various methods to attack and spread misinformation about SmartMetric.

This pill box company is in bad shape in my opinion. It has funded itself through taking on what is called structured debt. Loans by way of convertible notes. Called in the industry toxic debt. It looks like this company funds itself by rolling one convertable note loan into another. Problem is for this company is that it is now in a law suite with one of its lenders so in my opinion it will be very difficult for it to continue rolling into the next debt deal.

As a side note. I know from talking with SmartMetric that they get offered structured debt funding deals almost every week. They most recently turned down a million dollars from a debt funder out of New York. Simply the company has been very careful in my view to protect the interests of its shareholders and not take on a funding deal that would see huge dilution for the existing shareholders.

For me this is a testament to the wise and careful management of SmartMetric. Yes it could have taken in lots of money from financiers and this money could have made things happen a lot sooner. But the company management has always had an eye on the long term and has never wanted to overload it's balance sheet with debt that would then be converted into equity at outrageous conversion ratios that would see a disastrous dilution of ownership by the existing shareholders.

So getting back to my opening comment. It's great to be seeing the green upward movement in the company share price. A great sign for all concerned.

Have a nice day.