Ming Hsieh founded the biometric company, formerly known as Cogent Systems(COGT) in 1990. He was the majority shareholder and assumed the roles of CEO and COB. He was born in China and he transferred to USC's engineering program at age 24. The man struggled to speak English and his shareholders struggled even harder to understand him. But despite that, he presided over conference calls and subjected himself to the onslaught of analysts and shareholders every quarter. Cogent was purchased by 3M in 2010. Ming Hsieh has courage.
In addition, for years, I have mocked the management of a biometric penny stock company of much lesser calibre known as BioKey (BKYI) . Despite the mockery, I must admit that the long time CEO Mike DePasquale, does summon the courage, or some may called it audacity, to face the wrath of his beleaguered shareholders quarter after quarter.
Why did Aware Mgt choose to end conference calls and leave it's minority shareholders wandering in the dark? I believe we can only draw one conclusion, they are cowards.
Only a coward would hide behind ambiguous pap like this and not make themselves available to questions from the minority shareholders of a publicly traded company. Five sentences, when read individually say nothing but 'FORNICATE YOU'.
Rick Moberg, Aware's co-chief executive officer and chief financial officer, said "Quarterly revenue and earnings fluctuate based on project wins and the timing of delivery of licenses and services for those projects. Financial results this quarter are a reflection of these fluctuations. Moreover, we are moving through a transition in which we are working on lessening our dependence on government markets by moving into new commercial markets. Commercial biometrics markets represent a potential area of growth for us, but it is too early to predict whether we will be successful in these markets. We are optimistic they could develop into meaningful sources of revenue."
Another one of the 'Baghdad Bob sisters' Wrote...Savedoneamen writes."Look FD you are raving mad in your Chronicle theory. Enough is enough. You were outvoted hands down. Move on and sell me your shares!"
Socksdog(one of the 5 sister handles that really is one company shill) writes..."The vast majority do not agree with you. You are on thin ice. Are you aware of how easy it is to pursue you in costly discussions? You think you can spread your agenda much longer wHineBoy?"
Sentiment: Strong Buy
Just for the sake of clarity in the upcoming SLAP lawsuit you're threatening FD with, could you please define 'the vast majority' that disagrees with FD? Because the ThumbsUp/ThumpsDown voting system on this YMB seems to contradict your claim. TIA
I have Cascio's contact info. Can you post Rosenthals?
Perhaps Brian Cascio, who is handling the 'Review of Aware Filings' at the SEC, can get the answer to these questions if we ask him to.
A simple keyword search of 'TQ Delta, LLC' has really got me steaming. Turns out they are suing Comcast, Verizon, Dish TV, Time Warner, Cox, Direct TV and 2Wire.
Another poster on this board has been alerting us for years that the only patents TQ owns are the ones they bought from Aware for $16M. He contends they were they crown jewels of the company.
TQ Delta LLC is a Delaware corporation and according to “How can I file a Delaware LLC without listing the owner's name in Delaware public records?” We will never find out who the beneficial owners are.
Given the secretive history of this company and the scant but negative information available on the web about the business practices of the COB, I can't help but suspect that the 'other poster' was right about the value of those patents and whether or not minority shareholders were treated fairly.
Lots of FP software claims to store an algorithmic representation of the enrollees FP rather than the FP itself. But legacy FP cards scanned into a searchable digital format do have the actual FP's. If the hacked OPM database contained such images this could be devastating.
Imagine what our enemies, or 'friends' for that matter, could do with a 3D printer combined with the actual FP images of powerful USG employees. Blackmail? Criminal forensic evidence? Imagine the most horrid, lurid rape/torture/murder with indisputable FP found all over the crime scene and murder weapon?
US law enforcement is already in trouble for using questionable forensic evidence such as fibers, to convict suspects. Imagine if it got out that FP evidence used primarily to convict in past cases could come into question?
Just composing this post makes me wonder if this hasn't been done already to some poor blastard.
Cheeky answer Sister but since you seem to be the technology expert on this board, why don't you offer a real answer? This patent accomplishes exactly the same tasks Aware's offerings? Why would a customer buy one rather than the other?
SAN DIEGO, CA--(Marketwired - Jul 1, 2015) - ImageWare Systems, Inc. (OTCQB: IWSY) (ImageWare), a leader in mobile and cloud-based, multi-modal biometric identity management solutions, has been awarded patent number 2,588,078 by the Canadian Intellectual Property Office and patent number 2005307863 by the Patent Office of Australia for technology used in the company's multi-modal biometric ID and authorization system. This technology is marketed by ImageWare as the IWS Biometric Engine®. Imageware had also been previously awarded the patent on this technology in the United States.
Listen here sister. I posted in detail many months ago about my personal experience at an immigration center in Elizabeth NJ. I know first hand what a piece of garbage the MorphoTrust enrollment/search hardware and software is. So the problem I have isn't recognizing how bad the competitions products are. Rather it's the complete and utter failure of Aware to capture not only any of this business, but any other business.
Management offers no solutions to declining revenue, operates in secret, and offers no opportunity to shareholders to question their strategy. They've been stagnating for almost 4 years with interim co-CEO's who at this point appear to be nothing but Stafford yes men.
In the meanwhile, your job is to throw excrement on the YMB to see what sticks. I'm sick of it.
I am so sick of the sisters pathetic attempts to defend the obvious strategy of the Staffords to keep minority shareholders in the dark. I suspect this multi-alias troll is sitting in Ronins office.
Article on Business Insider today...
• There is strong evidence that companies experience lower financial performance when choosing an interim CEO compared to companies that immediately choose a permanent one.
Companies with an interim CEO at the helm for four quarters or more had a market cap 19% lower than those using non-interim successions.
Similarly, companies with an interim CEO for two quarters, three quarters, or four quarters earned on average $110 million, $148 million, and $278 million less net income, respectively, compared to companies that underwent a non-interim succession.
Ballinger and Marcel credit this to the limits often placed on an interim CEO. Such executives are typically tasked with addressing short-term problems plaguing the company — but without implementing any long-term strategies that could otherwise hinder their replacement.
As former Radio Shack interim CEO Claire Babrowski told the Wall Street Journal in 2006 after replacing a CEO who lied on his résumé, "I needed to calm investors, employees, and customers ... I was determined not to do anything that might force the board's hand to choose me if they didn't want me ... I didn't want to stick the company with expensive talent or commit millions of dollars ... before someone permanent was named."
On April 1, 2011, Edmund C. Reiter, President and Chief Executive Officer and a director of Aware, Inc., informed the Board of Directors that
he was resigning from Aware and the Board of Directors, effective April 1, 2011. On April 1, 2011, the Board of Directors of Aware
appointed Richard P. Moberg, Aware’s CFO and Kevin T. Russell, Aware’s General Counsel, as co-Chief Executive Officers and coPresidents
on an interim basis while Aware searches for a successor.
DEFENSE LOGISTICS AGENCY
Blackbox Biometrics Inc.,* Rochester, New York, has been awarded a maximum $9,371,520 firm-fixed-price contract for concussive force monitoring devices. This was a sole-source acquisition using justification commercial Federal Acquisition Regulation part 12. Location of performance is New York, with a June 9, 2016, performance completion date. Using service is Army. Type of appropriation is fiscal 2015 through fiscal 2016 defense working capital funds. The contracting activity is the Defense Logistics Agency Land and Maritime, Columbus, Ohio (SPE7M9-15-C-0034).
When asked in writing in 2011 about Aware's relationship with Daphimo, Richard Moberg responded that "Daphimo is an unrelated third party. To the best of our knowledge, no current or former director, officer, or employee of Aware has a financial or other interest in this entity."
I forgot all about that FD, I still don't understand why it wasn't disclosed publicly at the time of the transaction, how an unrelated third party would arrive at a fair market value, or why the only patents Daphimo owned were Aware patents. It doesn't add up.
The reason I even have a theory about Daphimo is because management has chosen to disclose very little other than the amount of the transaction. They did not issue an 8K about it, nor did they ever make a statement as to whether the patents were sold to active employees of the company. All circumstantial evidence points to Awares counterparty, Daphimo, being at least partially owned by then CEO Michael Tzannes and his fellow Aware employed brother Marcos. Either, if not both, of their names appear as inventors on each and every one of the patents in question. Additionally, these were the only patents owned by Daphimo. Who, other the Tzannes Bros, would have any idea what these patents were worth ,or how to prosecute a case seeking redress for infringement?
If my theory is correct one question is, how do we know if Aware shareholders received fair value from Daphimo? Another is, what other Aware employees or board member may be beneficial owners of Daphimo? A simple statement from management could have avoided this speculation but, like everything else, they made a decision to keep it all secret. Theories like mine are the result, especially when dealing with someone having the business reputation of our current COB.
Hey, the Aware YMB has it's own 'Baghad Bob". I just had to re-post this gem before he took it down.
Savedoneamen writes."Look FD you are raving mad in your Chronicle theory. Enough is enough. You were outvoted hands down. Move on and sell me your shares!"