SmartMetric Inc (SMME): DW, I guess it depends what is at sta...

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Re: DrunkenWookie post# 2456

Monday, 03/11/2013 5:49:09 AM

Monday, March 11, 2013 5:49:09 AM

DW,

I guess it depends what is at stake. By now it is not a secret to anyone what Smartmetric is after. At least 500 mio per company was my impression from the conf call. Top that up with ongoing royalty fees for another 7 years ( I vagually remember that the patent expiring in 2020). Don t hang me up on that please as I m only half certain about that fact.
All in all the CC companies might be looking at losing 1 billion dollar each.
So it all depends what is worth more to them I guess . Going public with some numbers, supporting their case or risk losing 1 billion dollar each?

Best is that they get producing ? selling keyrings and cards and if they manage to take home a big amount of money from this infringement case, it would be a dream come true making us all very very wealthy :)

R

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