Replies to post #8830 on SmartMetric Inc (SMME)

[Duke]

SecurityScientist you're are a welcome addition to this forum.

[Nicrob]

Members of the public, shareholders outside the inner sanctum of the company and all other punters are unlikely to see a working card until they get their own issued. If you wait until you observe the card in action personally before being convinced, you will have missed the boat.

The take home for me from the conference and what I read here and elsewhere, is that interest has been shown, in fact a great deal of serious interest has been shown by a number of major players in the space into which Smartmetric would like to get a foothold. The media has taken notice. Additional opportunities now exist amongst a much wider potential customer base to directly pursue contacts, arrange meetings and other commercial engagements as leads are followed up. I guess this is what competent sales people do.

It is my understanding that the CEO has already given a 20 minute radio interview on a major Florida network station, with a Bloomberg Radio interview apparently scheduled for Monday. THIS IS SERIOUS STUFF PEOPLE.

I don't care if there is no result this week, next week, next month, two months or whatever. The rabbit has been released and the hounds are running. In the clear absence of a credible competitor or competitive payment/banking solution, sooner or later an institutional customer will commit. Smart metric is ready to go as soon as the right button is pushed.

[StockMedic1]

Let me answer those questions for you, maybe you will understand:

The bank approval process, with testing and pilot program will take about a year before you see any substantial order. There is a tremendous amount of work that is needed, not only from the technology side, but training, marketing and distribution. And thats just on the bank. We don;t even get to SMME contract manufacturing yet.

I have over 25 years in biometrics and 10 of those years in a biometric/smartcard based system. A licensing deal is relative, because it still has to go through a process for approvals. No major bank will license something new, especially a new technology, until its certain it will perform within stated parameters that the banks need to comply and conform to. So again, maybe 3-6 months for a licensing deal, then another 6 months to implement.

I don't expect results in a few weeks. Not the results YOU seem to be looking for. I expect to see movement on a few weeks if the convention was successful. For instance, maybe some buy-side guys will have heard about SMME and our volume will increase along with PPS. Maybe some independent trade research will be done and SMME will get much needed coverage. maybe she will email or put out a PR that she is in negotiations with XYZ. Some movement. Thats exactly what I meant by a couple of weeks.

I agree, if true. It was a coming out party and hopefully got some attention. Thats all you can hope for from these things. Remember, there are other card companies, ZWIPE, Card-Lab, Card-Tech and others trying to do the same thing, and they are all at various stages of growth and technology development. SMME isn't the only one, but it seems close enough.....if the card works as stated. But you still need market adoption. Just because something does something what we thnk is great, doesn't mean it will be adopted.

That could be true, but there are other, more well funded companies tat are biting at SMME's heels that already have relationships with VISA and MC. Remember, suing MC for patent infringement may not bode well for SMME in the future. It may have no effect, but these companies have memories like elephants.

Not true. Card-Lab has a rechargeable on board battery as well. At least, thats what they claim, same as SMME.

The last 2 statements are opinion, which in your estimation, may or may not be compelling or true. They may be, but I am not sure what you're thinking.

I think that if Chaya can get this past bank review and testing, her then biggest challenge will be consumer adoption, and thats a whole other set of factors the banks will consider. I hope she does.