SmartMetric Inc (SMME)

[ranger2118]

Dear LMU,

Like you, I remain cautious too about latest run up in the share price.
One explanation though could be the limited number of shares on the market.
Of the 130 mio shares ( the shares issued through the recent cap raising will only start trading in 6 months), Chaya owns aprox 50 mio.
That leaves us with 80 mio shares.
Like you, I am a long term die hard share holder ( outclassed by yourself probably and by Shiner who is like you, an ultra die hard share holder). I assume none of the long term holders have any intention to sell at this stage ( before production and sales) at this still low share price.
I guess that there are a fair few of us, die hards, who,combined ,own a big percentage of the 80 mio freely traded shares.
So, not much is left to trade for the masses who are catching up on the news and the potential of this company.

As I said, it might be an explanation for the recent run in the share price.

Anyway, I am happy for you , Shiner and all long term patient share holders.

I will stick to my holding and wait for production of the keyring, the smartcard and the result of the court case before I am thinking of selling any shares.

Good luck to all holders

R.