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Augme Technologies, Inc. Message Board

  • itsahorserace itsahorserace Feb 12, 2013 11:25 AM Flag

    Hussey and the AOL Settlement

    I think this clearly represents a loss for Augme on the legal front. If we decided to go away they would let us keep some of our dignity (the money offered). Have we validated our patents by this? I think not. In short, this hurts and is bad for our IP chances in the future. It sets the bar very low.

    On the other hand, I believe that Hussey had no choice but to end the suit. He's trying to get us to break even. Simply must cut costs. Look at congress. Cost cutting is the impossible part. Cut costs and you are hated for depriving someone of something. We have lost AOL, but we might get to break even without the costs. If we can actually get to break even, maybe we can regain some credibility and have the stock price appreciate. Hussey must be willing to be unpopular now -- make tough calls. This had to be a tough call for him. I don't know his IP strategy long term because he has not told us as he promised. But I forgive him for this -- would you really have wanted him to announce that he had decided to give up AOL?

    I have a tendency to be conservative. Let's take the pain of cost cutting however it affects our ego, and get to break even. When I read this board, I can tell that even the longs are never quite sure if there will be another cash raise. No one will ever really trust this company not to dilute unless they are cash flow positive. Let get there with Hussey and see what happens. We've tried the borrowing money route and it has led to disaster. You've got to bring on the pain to lose the weight. My thoughts and my best.

    Sentiment: Hold

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