About 12months ago I did a study on small cap tech stocks that had delisted, I was disturbed to see how many were starts up from Israel.
If you go back and read some of my earlier posts on SMX, I called out a number of red flags with this mob.
Hope people got out ok.
I responded with the following:
I found one previous post on SMX from June 10th 2021, "Stay away from this scam guys". I held SMX for over 6 months but it struggled to get traction once Covid hit. This is a business that centers on detecting counterfeit gases, liquids, and solids from source to destination so I understood that my shares were unlikely to take off while major nations were locked down. But it is a field that I would think would be screaming out for effective patented tech like SMX has.
Can you let us know what made you think it was a scam? Israel happens to be one of the tech powerhouses of the world so, naturally, you are going to have scams being run but I only know of one dodgy Israeli tech company on the ASX. Happy to be educated though.
I should also add that Israel alone has more tech start-up companies than the rest of Europe. Science and tech R&D spend is the highest per capita in the world.
SMX Price at posting:
27.5¢ Sentiment: None Disclosure: Not Held
