SmartMetric Inc (SMME)

[ranger2118]

Duke,

The best position to have is to be long SMME. Even if the result of the courtcase is not favourable for Smartmetric I don t think we will see it very much lower than current levels.
Halcyon should not have had a problem to raise the 5 mio dollars especially with the stock trading at these levels.
Next event should be production of the Keyring. I see the keyring as a side show and hope it will enable the company to raise enough revenue to launch their smartcard technology sometime this year.
I have always seen the smartcard technology as the BIG moneyspinner for Smartmetric.

Let s wait and see. Don t have a strong view on matters legal. A win would propel the share price into stratosphere. Not there yet though. Visa and MC have got a lot to lose so will throw a lot of money at this case to avoid defeat.

If . BIG IF, they win I might be looking at buying puts in the smaller CC companies like Discover who will probably be next in line to get a letter from Patrick Bright.

Cheers
R.