SmartMetric Inc (SMME): SMME converted 2,570,520 shares between...

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SmartMetric Inc (SMME)

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Thursday, 05/05/2016 3:22:06 PM

Thursday, May 05, 2016 3:22:06 PM

SMME converted 2,570,520 shares between 2/15/2016 and 3/31/2016. Using past conversion rates at .049 as a guide, it should read for 2,570,520 SMME received $125,955.48. Can't be for the company vehicle? LOL

The Company shall provide Executive with the use of an automobile of Executive’s choice at a purchase price not to exceed $60,000.

And with the average losses last two years, not enough conversions for the Last SMME Quarter.

As shown in the accompanying condensed consolidated financial statements the Company has sustained recurring losses of $740,350 and $983,063 for the six months ended December 31, 2015 and 2014 respectively, and has an accumulated deficit of $21,767,902 at December 31, 2015.

Looking forward to 10-q

I am using this forum for it's original intention. It was created to discuss both points of view staying within the guidelines of the TOS. Remember where we are at all times. It is a DISCUSSION FORUM. Let's keep it real! This is not Trading floor on WALL

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