SmartMetric Inc (SMME)

[mrnutsandbolts]

I addressed this issue when it first came out.

Google the business definition of a SALE.

Three things need to take place for a sale to be complete:
1) An offer needs to be made. We did that by offering the SMME Card for the university's use.
2) An acceptance needs to take place. That also took place when the university agreed to the terms of the offer.
3) An exchange of value needs to take place and delivery of the item offered and agreed upon needs to take place. Don't know the details but either the university has not carried through with the value agreed upon; or the cards have not yet been delivered; or perhaps the university was given a heads-up on the future development of the SMME card and decided, along with SMME, to delay acceptance of the card.

Bottom line: The SALE was most likely never completed, only delayed.