SmartMetric Inc (SMME)

[John_Vallay]

I think it is a precarious move on behalf of SMME to issue 4 press releases in July, all of which are for the sole purpose to attract new investors to buy stock on the open market, all of which is based on SMME's registration statement to sell millions upon millions of shares being declared "EFFECTIVE" by the S.E.C. on June 27


Mast Hill sells shares usually a week after the filing is declared effective because SMME has to place a PUT ORDER or DRAWS DOWN on a dollar amount they want to get from Mast Hill.

Mast Hill gets the shares from SMME
Mast Hill sells the shares on the open market
Mast Hill keeps a percentage and SMME gets a percentage.

The price that Mast Hill sells the shares at on the open market is inconsequential because they get a percentage and SMME gets a percentage.

This type of a transaction always (100%) drives stock price down because the financier (Mast Hill) and the public company (SMME) are guaranteed money. The stock can keep going down because the price doesn't matter.

write this into your calendar - SMME will be doing a reverse split within 2 months and they will continue to do these types of financings.

It's called a DEATH SPIRAL because the stock price keeps going down, just like the feces in a toilet bowl.

The price just goes down and down as long as retail investors keep buying