SmartMetric Inc (SMME): As I mentioned in a previous post, MC in...

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SmartMetric Inc (SMME)

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Re: ranger2118 post# 2027

Friday, 05/04/2012 11:33:23 PM

Friday, May 04, 2012 11:33:23 PM

As I mentioned in a previous post, MC in 2009, or 2010, annual report, in the footnotes, set aside $400 million for future legal losses. It was done/announced shortly after the SMME suit was brought. When you add even half of that amount from at least four major credit card companies plus banks, substact 50% for legal fees--$540 million seems conservative to me.

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