SmartMetric Inc (SMME): SMME Shareholders would discover the Tru...

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Saturday, 10/14/2017 4:41:43 PM

Saturday, October 14, 2017 4:41:43 PM

SMME Shareholders would discover the Truth with the breakdown of Admin on the Balance sheet on what has been Perpetrated by SMME CEO ... as CEO Salary is on the books

General and administrative expenses totaled $772,962 and $1,860,583 for the years ended June 30, 2017 and 2016, respectively. The decrease of $1,087,621 or 58.4%, in 2017 compared to 2016 was primarily the result of a decrease in consulting expenses.

Our general and administrative expenses consist primarily of expenditures related to employee compensation, legal, accounting and tax, other professional services, and general operating expenses.

The Problem: FAILURE by a CEO in PENNYLAND, is not only an Acceptable Practice, it REWARDS a CEO... It's much EASIER for CEO to make money selling Company shares, than Build a Company.

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