SmartMetric Inc (SMME)

[DCorleone]

Two Major Reasons below along with the 5+ year story of "COMPLETED CARD". SMME CEO gets A+ for how she manages Dilution and doesn't get greedy. Uses smoke screen of deferred salary as most money gets funneled out in Admin Expenses along with CONSULTING FEES. Breakdown on ADMIN expenses IMO would Expose Chaya. She's getting CREATIVE below...
New Note conversions also at .032

Annual Minimum Patent Royalty Amounts - The grant of exclusive rights to the Licensed Patent is subject to an “Annual Minimum Patent Royalty Payment” of $50,000 for the initial one (1) year period commencing upon the issuance of a United States patent in respect of HENDRICK’s United States issued Patents, “Smart card, Smart card with a chip and finger-print sensor, Smart card with a chip and finger-print sensor, Smart card with a fingerprint sensor”, I ssued Patent Numbers D776,664 D786,355 D788,847 D791,772 (the “Initial Term”). The Annual Minimum Patent Royalty Payment in subsequent years shall increase by one hundred (100) percent from the previous one (1) year period. For greater certainty, the Annual Minimum Patent Royalty Payment in the 2nd year will be $ 100,000. LICENSEE shall, at the commencement of the Initial Term and each subsequent one (1) year renewal term (if applicable), make the Annual Minimum Patent Royalty Payment to HENDRICK. HENDRICK shall draw against the Annual Minimum Patent Royalty Payment for any and all Patent Royalties due to HENDRICK for the period for which the Annual Minimum Patent Royalty Payment was made.

During the three months ended June 30, 2017, the Company sold, for net proceeds of $242,157, units consisting of an aggregate of (i) 7,450,000 shares, (ii) warrants to purchase 3,031,250 shares at $0.70 per share, and (iii) warrants to purchase 1,527,750 shares at $1.00 per share. The warrants expire at various times through October 20, 2018.