Anyone who does the Math, can match the PPS to the Price SMME shares were sold to an "ACCREDITED INVESTOR". Large QUARTERLY Tranches are documented.
To Portray SMME as not issuing any shares for funds is not exactly an accurate account of what is taking place. SMME shares are being issued at .049. OS went up nearly 6 Million shares previous Quarter and last shares for cash might explain PPS drop last few months.
Would expect the same in next SMME 10-Q
During the three months ended March 31, 2015, the Company sold for cash 4,425,000 shares and twelve month warrants to purchase: (i) 2,375,000 shares at $0.70 per share, and (ii) 1,197,000 shares at $1.00 per share, for net proceeds of $189,557.
During the three months ended June 30, 2015, the Company sold for cash 4,362,500 shares and twenty-four month warrants to purchase: (i) 2,668,750 shares at $0.70 per share, and (ii) 1,345,050 shares at $1.00 per share, for net proceeds of $212,934.
During the three months ended June 30, 2015, the Company issued 1,415,062 shares for consulting services valued at $71,435, based on the stock price at the time of the respective agreements underlying the services provided.
During the three months ended September 30, 2015, the Company sold for cash 2,150,000 shares and warrants to purchase: (i) 2,687,500 shares at $0.70 per share, and (ii) 1,354,500 shares at $1.00 per share, for net proceeds of $214,633. The warrants expire at various times through June 2016.
During the three months ended December 31, 2015, the Company sold for cash 5,242,000 shares and warrants to purchase: (i) 3,276,250 shares at $0.70 per share, and (ii) 1,651,230 shares at $1.00 per share, for net proceeds of $261,477. The warrants expire at various times through October 28, 2016.