SmartMetric Inc (SMME)

[optimisticbutpatient]

WooHoo 15.18% Nice and Green this morning!!!

We had this exercise a few months ago when spurious and laughable claims of increases being made were posted on this board so I thought I'd copy some info from a previous post.

Now the info below is from when we were trading at .035 (thats three and a half cents) so last nights close of .012 will effect the results so I'll do the new percentages in red just to make it easy.

Below is the old post in black with updated percentages and other details in red.

Before we get too excited though lets look at some history..... I'll truncate it a bit so it won't take too long.

Jan 1 2019 close at .05
So from here the .035 cent quoted for yesterday with such excitement is a loss of 30% since Jan 2019. Now at .012 cents its a loss of 77.6% from this date.

Jan 1 2014 close at .19
So from here the .035 cent quoted for yesterday with such fervour is a loss of 81.6% since Jan 2014. Now at .012 cents its a loss of 93.6% from this date.


Jun 1 2006 close at $1.00
So from here the .035 cent quoted for yesterday with such joy is a loss of 96.5% Since Jun 2006, and there a re a lot of investors who have been in that long. Now at .012 cents its a loss of 98.8% from this date.


Now just to clarify, that sale of 113,250 shares at a rise of .0025 generated the massive profit of just over $283.00. But that's assuming that all the shares were purchased at the preceding days close. Now last night SMME traded 309,000 shares for the massive lift in price of 3.57% or .0004 cents so assuming someone bought them the day before and sold them with that profit they made just over $123.00 profit.

Now this is a bit of a reach though, given that the sum total of shares sold last week, for the entire week, was only 104,600. I doubt one person bought all the shares last week and then unloaded them all last night. It's just not that likely.

More likely no-one made any money out of last nights trade, not even the massive sum of $283.00.

We don't need to have spurious figures quoted to us as if we are all of a sudden doing well. It's a waste of our time to read it. Until we actually show a card to the Market the shares we all hold are worth more in hope than dollars.

It's a shame that we are paying people to remind us of the fact.

The most telling thing is that since we have started paying people to promote the stock, the price has actually gone down by about 80%.

OBP.


I still think we have a product, a market and that it will sell. I just hate having my intelligence insulted with this sort of dross. I really hate the fact that my money is paying for it.