SmartMetric Inc (SMME)

[LittleMissUnderstood]

The below comments are by a poster on the other Blog site at Yahoo
who goes by the name of alanscorner.
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"Suggestion- SMME hire a New CEO
My Recommendation is for SMME's BOD to hire an effective, experienced CEO who is capable of launching B-to-B and B-to-C products. This should be a person with business Start Up success, rather than a CEO from an established company. Compensation should be small initial Salary, with stock options, and a bonus for Achieving the Goals of Growing Revenues, Improving the Balance Sheet, Effective Cash Flow Mgt., and creating a culture of innovation in the business.

This would help the company focus on new product development (which C. Hendrick really seems to enjoy and is effective at doing). And on growing revenues with the NEW CEO getting the resources (funds, market testing, effective marketing plans), and successfully launching several new products (each needing careful marketing/production planning/sales efforts).

What do other investors think of my suggestion? If you agree, then suggest you contact the company. Otherwise, does anyone think the company will improve?"

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OUCH!!!!!!!!!!!! those comments hurt.

I was reading an article in a magazine several months ago which I put to one side which at the time thought they were relevant to SMME. Have things changed since the article was written back in the fall?

The article was about funding Big Ideas.

" Money will always follow good business, it's very easy for entrepreneurs to complain about lack of capital but maybe it's that the ideas and plans aren't good enough."

"Even if you are the face of an enterprise, you can't do everything yourself. You have to build your knowledge and team".

"Each of us knows very little but collectively we know a lot".

Softness in the share price overnight.

We may need another Press Release advising of more products to be released to spark another rise in the price.

I beg to differ about the share price. It's all about the price. If the market had the confidence that Smartmetric could fulfil half of what it claims it can or will then investors would be falling over themselves to buy up and what may be considered a bargain.

Even at current levels it appears there are a lack of investors, traders and backers willing to make a bet.

WHY?

Unless the company can successfully raise capital then all of the press releases are meaningless.

LMU

Ps: there are 74 days left in Q1.