SmartMetric Inc (SMME)

[optimisticbutpatient]

CCH's remuneration.

Now in all honesty I haven't bothered researching CCH's remuneration arrangements from SMME, either as the CEO or as the Patent Holder for whatever technologies we may use in the future. I've just looked at some of the previous posts.

Now there seems to be a lot of concern, such as amount the back pay and the interest accruing on it, along with the royalties she gets, and the shares she owns.

There are also issues about the lack of sales to date and that we have all thrown our money away along with statements the Company is just one long con. I won't even try to post links to these as a quick look at the Board and I'm sure Blind Freddy could find one.

Having the Company owing her hundreds of thousands in back pay is not logical, nor is owning millions of shares or a share of the Royalties that producing cards would generate if in fact she is trying to run a con or acting dishonestly.

If SMME does go belly up there will be no back pay for her as we have less than $10,000 in the bank as of the last set of Financials. As for selling her millions of shares and making cash out of them lets be serious, at three cents each and the Company only trading 3,000 shares a day that equates to $450.00 a week, she'd make more on Welfare. That's assuming we would still be trading which would be unlikely.

It would seem that if it were a con that the aim of the exercise for CCH would be to milk every single cent out of the Company as quickly as possible. Thats what crims do and I don't believe she has actually made that much to date from SMME into her own pocket.

A more likely possibility is that she also is hoping for a sale, then she gets her back pay sorted and can actually sell her shares once we are trading properly with volume on the NASDAQ or similar, and do what we all want to do and make a lot of money.

We are all here because we are greedy and hope to make a profit. The difference is that my employer has continued to pay me for the past 15 years, whereas hers hasn't as shown by the pay owing to her. She has been running for the most part on faith in the saleability of the product in the long run, and I've no doubt that this applies to a lot of the other SMME employees as well.

I've got my house deposit tied up in SMME which is close enough to $100K, but its nowhere near investing 15 years of my life into the Company. With regard to the total amount of wages, shares and percentages of royalties she will get when we have a sale I believe that that is just a cost of doing business, no matter what business you are in. Staff and CEO's need to be paid but there will still be cream in the Company for the rest of us.

Perhaps the Company could have been run better, certainly the communication should have been better but CCH has more to lose if we go belly up than the rest of us put together.