Replies to post #12046 on SmartMetric Inc (SMME)

[kr26]

you are "NOT SURE WHEN THE REVENUES WILL BE REVEALED" .. really?

Heads up.. when operating within the G20, there is a generally accepted accounting principle which must be adhered to..That is, you must report sales and expenses and file a tax return somewhere..

If SMME make a sale, and do not report it, then they would be involved in either:
1) Fraud
2) Money laundering
or 3) Tax evasion
Take your pick.
or 4) (and most likely) SMME just lied about the sale to keep investors happy for a few months while they dreamed more useless, pathetic press releases and announcements.
There is absolutely no excuse for the " university sale" to not be reported and recorded. Every investor will be watching closely, and I can only imagine the response if we find out we were lied to AGAIN.