SmartMetric Inc (SMME)

[Penny Hopeful]

12 years on , $24 million dollar later, apparently there is a card that works but the company struggle to raise enough money
So you list at $1.50 and then do placements at 20 cents , 15 cents, 10 cents.... finally?? you are about to commercialize and you need money and you are now raising at 5 cents.... go figure
Who were the unfortunate people who plunged in at $1.50??? I thought I was on a sure thing at 20 cents.
Are shareholders allowed to see a breakdown of all of the expenditures?- serious question folks!
My guess is the CEO will not be rushing back for a conference call anytime soon or visiting Australia or the US to meet with the large number of investors in person. Has she ever done that??
Best thing to say about the stock is that once you have written off the investment in your mind you leave yourself open to the possibility - however remote - of being pleasantly shocked one day.