SmartMetric Inc (SMME): Some reality checks. 1. Quarterly fil...

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SecurityScientist

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SecurityScientist

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Wednesday, 04/13/2016 11:12:12 PM

Wednesday, April 13, 2016 11:12:12 PM

Some reality checks.

1. Quarterly filings called 10Q's are rear view looks... It does not show Actual Cash On Hand Now.

2. The company would not be going through the approval process with a major card networks if it didn't have a working card.

3. At times legal fees are converted into shares rather than the company paying cash. These are done at a discount to market. It is not debt financing and the company does not issue shares for debt to debt funders.

4. Anyone with a basic understanding of how cards works on a network knows a card issuer has to have the card's licensed by one of the payments networks. It has been publicly stated that the company now it has a working card is going through this very licensing process.

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