You may say that I whine. But the equity market, comprised of millions of potential investors has consistently voted to Value the intangible asset value of Aware's operating business at Zero.
My whine has a very substantial basis. The track record of Stafford, Stafford, Russell and Moberg is abysmal, with shareholder value destruction, disingenuous disclosure of information, violation of SEC rules, violation of their own Corp Standards.
The Equity markets have judged these individuals as losers. Shareholders need to take action like the shareholders of Xencor and have these executives and directors removed from their positions.
Why would any customer be willing to move forward with a long-term plan to use EtAK platform when the company is on perpetual life support. First step in acquiring new business will be sustainability.
You are correct. None of the ET pipeline will have value until ET demonstrates it is on firm footing. THat is job one with Hal Turner. Following up the likes of Steven Vandervelden must make a man sick to his stomach, that such ineptitude is accepted for such long time by so many presumably capable people.
The negotiator on the Verizon deal was Susan Slagle. She was a contractor for ET at the time of her dealings w/ VZ.
Educated at the AirForce Academy and Creighton U and MBA at U of Wash and prior experience w/ ATT, Hutchins and SAP she appears to be the only one in the food-chain with a presentable resume and she was not even an employee of ET.
They did employ a consultant that had a good resume and was a hottie, maybe she carried the day.
I had noticed he was a guy with a high rank and zero pedigree. Could have been an auto mechanic with his resume, no offense to any mechanics out there. Perhaps he was deemed not to be a fit. It's amazing how inept the organization is/was.
He is not the CEO, went back to ETNA, I believe. That was part of the Dec announcement on SVV's removal.
I would not say this has been a rapid pace. Often when there is a change in command of a completely dysfunctional company, the top guys are dumped pretty quickly. THis guy was a known zero, much like the nephew and Steven. I am surprised at how long those two have lingered. That said, if the date really is 12/31/15, that is better, but you have to ask, WFT is going on of we find out more than a month after the fact that a president of the company was fired or resigned that long ago. It's all just too weird to be comfortable about anything.
And of course the whole disposal of stock by SVV has mess written all over it. These guys ran there personal lives and this company completely into the ground. What does this say about the board of directors, I am sure Hal Turner knows there is nobody on the inside that he can trust.
How did we ever have any customers? How did you ever have such a loyal backing of SVV? How did ET ever manage to develop something of value?
Very surprising it has taken this long before the Bozo's have been ushered out of the building. The nephew is still on the payroll, or is he a 12/31/15 departure too? Strange that the effective date is 6 weeks ago.
No interest in the stock either. Zero shares traded. Stafford has placed Aware on a Journey to obscurity.
I just re-read the USPTO's page describing the procedure around Ex-Parte Re-Examination.
I am pretty sure the USPTO has made its official statement regarding this patent, so I do not think there is any further USPTO-related procedure that we are waiting for. The USPTO certification came in early December, 2015 so it was a part of the Q4. At a minimum, Aware should have an update on the patent status in its 10K. In my opinion, they should also have issued an 8K since this event has a direct impact on the value of the settlements reached from the IP infringement case with Hybrid Audio.
Seems like Aware has more going on in the patent monetization area than in its operating Biometric Business, contrary to all communication from the Company itself.
How long can they get away with this big-time misdirection play? Can you just say you are widget A company, when in fact you are a widget B company? Misleading shareholders, customers, regulators, employees???
Why? To what advantage? And to whom??
The Staffords take control to secure their advantage over the rest of the marketplace. They perceive it is their privilege to have superior information. Federal regulations be damned.
How does exiting every aspect of the DSL business square with filing for new patents in the DSL area? How is it that Marcos Tzannes is still authoring patents for Aware?
There is nothing straight forward about Aware.
How is it that Managment states on on 10K/Q that the primary focus of the company will be to pursue high value government biometric contract work instead of commercial biometrics, only to indicate otherwise 3 to 6 months later?
Aware is a rudderless entity, no direction, no leadership (temp CEO's since 2011) and zero accountability.
Tyler TX, but same court I think. Eastern District of TX. It's DSL stuff, and lot of it newer. I guess Marcos is still working on behalf of Aware via TPM. Didn't Aware formally exit this business. Nothing ever as it seems at Aware! Oh, except for declining revenues and break even PL.
At least we keep priming the pump with lottery tickets.