SmartMetric Inc (SMME)

[Duke]

I would be happy to clarify further.

At the moment the sellers are dominating the market. Unfortunately, it is there turn to shine. The summary judgement hasn't gone our way although, I remain positive on appeal. We still do not know why the Judge ruled against us. Until this becomes clearer, there is no point in making announcements on the MKR. Why? If it spikes back to 40cents based on MKR sales release and then the Judges ruling is released the sellers would send it back sub 20c. No benefit! Sellers are always more aggressive players than buyers. Ask any trader.

The short selling data shows big increases in short positions of late. A short position means a speculator has borrowed stock and sold it into the market hoping to buy it back at a lower price. They like to bash the company and manipulate the price lower (sound familiar?).

At some point they need to become buyers to square.

I'm saying, wait until the dominance eases and they scramble for stock. The ruling needs to be passed before this occurs. Clean the slate, rebuild and then release the MKR / smart card info and spark a short covering rally!

Newsletters are only ever given to shareholders once the info is made public via press releases. To suggest shareholders can log on and receive info is ludicrous and naive. If you are reading this board you don't need a newsletter. They are for passive investors who don't follow the price. What's the point in bashing, ridiculing or undermining the CEO on a public forum? She is dealing with a court case, MKR release and development of the worlds first biometric card. Get busy with that and forget the newsletter!

I too am majorly frustrated by the lack of MKR info but the timing is not right. There is no doubt in my mind that any stock sold was limited in numbers. I'm now calling this a trial release. Let's see how it unfolds but I'm comfortable where it's headed. I have stated that people with medical conditions become very insecure with their health and sensitive towards taking new medications. The MKR is perfect for these people and will sell in great numbers even if buyers don't use it to its capacity. Great gift for someone with conditions too.

We now expect a card trial soon and release next year. great news! It will only take one major player to get involved and send this stock skywards.

I feel too many investors have thrown the baby out with the bath water. We suffered a setback but that's no reason to panic. In the short-term, play the aces smartly!