Fourth Quarter 2012 results-Hybrid Audio LLC a bad joke
Fool me once shame on you-fool me twice shame on me. Fool me for 9 years running-you must be Aware Inc. FD went to Aware website and if you bought 100 shares in 1996 and held for 17 years would have a loss of 39.7%. Of course the Aware investment calculator ignores the fact that I owe 15% taxes on the $2.95 per share on dividends I received in 2012. Today was the cruelest blow of all. Net income of $1.1 million for the fourth quarter for royalties for a patent monetization effort with a third party we entered into several years ago. We may receive an additional $400K-$800K in the first quarter of 2013. Are you kidding me? You sued seven of the largest telecomm-computer firms in the US and the suit took two years and you get $1.1 million. Who owns Hybrid Audio LLC? What was the total patent settlement? Of the total amountpaid out how much went to Hybrid Audio LLC? How much went to McKool Smith. Stafford, Russell and Moberg you should all be ashamed of your behaviors. Sunlight is the best disinfectant. Today was the cruelest blow of all. I have no trust of anyone who is an executive or director of Aware.
Socksdog for your information I have owned this stock since 2004. You tell me to be patient. How many more years do you suggest I be patient? You keep touting biometrics but you ignore the fact the growth rate in biometrics is anemic. Management refuses to publicly acknowledge Hybrid Audio LLC by name as they care about keeping everything secret from the stockholders. I do not believe the press release. McKool Smith would not have taken on the litigation for two years with a paltry few million dollar settlement. FD has been the only one on the YMB who has been telling it like it is. All you do is defend the company when they do not deserve defending. Tell me exactly how many shares of Aware that you own?