Apparently 3 or more weeks ago Aware won a significant contract with the Marine Corp.
Great news! But why would Aware not release an 8k to clear the air for fair trading of the stock.
Look closely at what Dov did in trading his account in this period. Non- disclosure of material information is commonplace at Aware Inc. It's clear the Dov acct belongs to Goose. Let's see if he could resist using his priviledge for his personal benefit.
"We are in the midst of a major restructuring of the Company which is progressing on plan and has already begun moving, and which we expect will regain compliance." said Hal Turner, Executive Chairman of the Company. "This notification was not unexpected given the impact of the restructuring and we expect to take the necessary steps to regain compliance. Our shareholders have been very supportive during our transition and we anticipate that the plans that we will share later this month to regain compliance will capitalize on our core competencies and be well received in the marketplace."
ET should have provided the NYSE a plan to remediate the listing deficiencies by 6/27/16. That plan should have been a public matter. ET alluded that it would be a public disclosure when they made a formal public response to the deficiency notice received in early June.
Now they are over three weeks late, which is just too much like SVV. Bad move Hal, your word is worth less than the present stock price.
It's just shocking that an organization can be so bad. Even after a wholesale change in leadership, the character of the company is unch? Amazing!
Turner presents himself as just the same idiot as Gaviltavelden!
Unbelievable gross negligence in running a public co.
Routine to say one thing and do another. Zero accountability.
Hal clearly thumbing his nose at investors at this point. It's shocking how things have not changed despite wholesale swapping of people. Result is identical. Very disappointing. Hal's word no better than the shill, Gaviltavelden. I would think he would do everything to avoid that,even if it were just communication to make good on his word.
Not only is Rusty too cheap to have ever bought a single share of Aware with his own allowance, he sells the gifted shares sufficient to pay his taxes on the freebies. Now that is a CEO that has a big pair of balls. Lets all line up behind him and charge the battlefield together.
What a joke. Kevin Russell is a joke of a CEO. Richard Moberg only marginally less of a joke for two reasons:
1) he bought 250K shares with his own money, albeit while he violated the Corp Code of ethics.
2) I credit him with selling Aware's 40MM$ or so of ARS notes before the market seized in the 2008 credit crisis.
Both men: total ZERO's as leaders, completely blank placeholders in the CEO cubicle at Aware, lap dogs to a crooked Chairman. Russell's only bright tendency is to not buy shares of companies that he works for.
A bold call: "This discount is unlikely to persist as this mispricing gets corrected: shares offer 50%+ upside potential over the next 24 to 36 months"
the "discount" is the one thing about Aware that does persist. It is the Goose Russberg discount. Goose Russberg is to the Aware discount, what carbon is to dating.
What is certain, is the NYSE wanted a response by June 27th. That is public information. What is not clear, is whether or not ETAK provided a response by the required deadline.
Given this company's inability to meet deadlines in the past, I would think that the CEO would go his way to reassure his shareholders that the company is on target and on top of its business. So I am disappointed we did not get this reassurance. Maybe there is a good reason for this, we will find out, but not benefit of the doubt has been earned at this stage and of course the market makes this clear with the 17 cent price.