SHARE HOLDER| NUMBER OF SHARES| CLOSE PRICE 30/06/2016| MARKET...

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7	Column 8	Column 9	Column 10	Column 11
0	SHARE HOLDER	NUMBER OF SHARES	CLOSE PRICE 30/06/2016	MARKET VALUE	CLOSE PRICE 30/06/2017	MARKET VALUE	LOSS IN VALUE $ FROM 2016 ON PAPER	CLOSE PRICE 30/06/2018	MARKET VALUE	LOSS IN VALUE $ FROM 2018 ON PAPER	TOTAL LOSS ON PAPER SINCE 30/06/2016
1
2	SHARE HOLDER A	6,000,000	$1.875	$11,250,000	$1,455	$8,730,000	-$2,520,000	?0.90	$5,400,000	-$3,330,000	-$5,850,000
3	SHARE HOLDER B	4,000,000	$1.875	$7,500,00	$1,455	$5,820,000	-$1,680,000	?0.90	$3,600,000	-$2,220,000	-$3,900,000
4	SHARE HOLDER C	2,000,000	$1.875	$3,750,000	$1,455	$2,910,000	-$840,000	?0.90	$1,800,000	-$1,110,000	-$1,950,000

From the excel spread sheet, the top 20 are playing a deadly game of who’s the biggest loser?

When you look over the last two years since the August 2016 Conference Call of the century, it makes great reading in dollar value loss on paper due to promises made but not delivered on time to the market as budgeted.
We are still waiting on the second announcement of OEM as promise long ago!
31/01/2017 SMN Update, plus http://www.smsystems.com.au/ Annual Report Mac Equity Partners April 2017.
Go back in time to 23/09/2014.
airlines.org/wp-content/uploads/2014/10/231101-David-P-P2.pdf
This year marks 4 year since SHM validation as an alternative in metal fatigue testing.
It’s very intriguing when you look at this over the last two years, the demise each year in SMN share price at 30 June. I personally predicted that we would at least be back to $1.45, as the business has progress considerably since June 2016.
The share market works in mysterious ways! Especially orchestrated “Pump & Dumps” followed by 2 years of “Dump” I’m starting to believe someone in the top 20 is suffering from constipation. LoL
I'm still very bullish, but you guys need to see firsthand that the smartest guys in town forget that the value diminishes with demise of share price.
Smartest thing now is less talk more action. Deliver the goods!