SmartMetric Inc (SMME)

[mrnutsandbolts]

Price sat at $.25 or so for months. When the damage amount was made public it doubled in price. It has held around $.43 for weeks now and I doubt that the price will be much lower than it is now. Word is an out of court settlement could come before the end of June. Rumors of it will send the stock price up quickly. V/MC have stated they do not want their "trade secrets" made public. A trial will make them public....thus the idea of an out of court settlement. The judge has told all parties the trial will take place in Sept, 2013, if no settlement is reached before. Every Billion in settlement talks will give SMME $5/share...figure standard lawyer's fee is about 1/3 or so of settlement. With about 140 million shares O/S $600 million divided by 130 million is about $5/share. This stock could jump to $10/share or more over night.
If you are interested at all, BUY IT NOW. Financials are meaningless at this point. The litigation is what is driving this stock at this time. Once the settlement is complete, the products will certainly enhance the stock price. Winning the suit is about 95 to 5 in my humble opinion. In April of last year the Federal Appeals Court ruled in favor of SMME as to the use of cards and their infringment upon the "patent 464" which is owned by SMME.
The risk/reward is no better in any other stock than here....Good fortune!!!!