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Aware, Inc. Message Board

fd_rox 329 posts  |  Last Activity: 4 hours ago Member since: Dec 8, 2011
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  • Reply to

    This is all about Sales!

    by sirius_yomama_2 17 hours ago

    You should spend more of your time thinking about what needs to be done to fix a broken company than worry about what my motives are.

    ETAK has performed horribly from a financial point of view and from an operating point of view. How can you deny it? So far, they have not made a convincing change in results or visible action.

    We have words describing change, we have words regarding the pipeline, but none of this has ever proven to be reliable. So, I think the situation is more urgent than you do. You are content to be patient. Maybe you are right. I think the owners of the company need to put some serious pressure to make sure things that need to change do.

    Human nature will cause SVV to use his authority to protect himself at the expense of his company. That is why checks and balances need to be 1) instituted but more importantly 2) effective.

    I am clamoring for number 2, not much I can do except make a big stink of it. If I knew laws were broken I could do other things like petition the SEC, but in this case I don't know that is a valid course of action. So I am trying to draw the attention of rational thinking people to the point where they understand something significant needs to happen here.

  • Aware's involvement is so obscure, that when you study and dig deep, you just end up finding all of the #$%$ thats out there about Aware.

    Questions of fiduciary issues around the Chairman, incorrect SEC filings, secret patent deals and lingering decisions on appeals etc.

  • Reply to

    This is all about Sales!

    by sirius_yomama_2 17 hours ago

    Its all about demonstrating ETAK can survive. So far they have not put up a convincing show - thus 35 cents per share. To say "No Sales" is obviously not right, but "Inadequate Sales" is certainly a fair assessment. They need to grow the revenue that is for sure. Even when they get to the point of showing growth and clearing the break-even point, there will be an SVV discount applied to ETAK's share price for some time until they demonstrate it is not needed. By that time this Co will be sold, IMHO.

    So I still think it is important sooner rather than later, to replace SVV with a trustworthy CEO.

    Nothing significant has happened yet since the loss of the Iusacell Contract. There have been words issued, but not significance has been assigned to words. Actions and measured progress will be necessary. We heard 4 months ago that ETAK was meeting in Feb to help layout plans for the Tier I US wireless provider. An announcement that it is done, in place and subscribers accumulating should be imminent. Remember LOWI was a 3 month inception. This should be the same. ETAK has been working at some level for almost 5 months. Just depends on when the official trigger was pulled, obviously later than Feb, 2015.

  • Did you notice unusual spending (nearly 400K$) on Capital-like items in the quarter including a technology license and other PPE.

    Its rare to see this for Aware.

    Cash provided  by  investing  activities  of  $141,000  consisted  of  $529,000  from  sales  of  investments  less  $320,000  used  to  purchase  a  technology license and
    $68,000 of purchases of property and equipment.

  • Its Russberg, please try to be more careful.

  • Reply to

    Thoughts on todays action

    by neilgerber2 Jul 28, 2015 4:38 PM

    You should not really be confused. Yes the company has issued a reorg plan/update. It is a step in the right direction. Certainly the cost savings are good. But the CEO has lost his cred with shareholders and the street. I think we would have gotten a small boost from SVV's replacement.

    It looks like we are stuck with him for the moment, so we are stuck with a CEO that no one trusts. We also are in desperate need of a significant announcement of new business that will hit the bottom line in a timely way.

    By itself the reorg does not add value. It is simply a plan that ought to provide future success. Unfortunately, future success is getting discounted to nearly zero due to the hardships we have suffered to date.

    I am not bashing, just offering what I think is a reasonable perspective.

  • So there is more than one person asking themselves, what is it that Aware expects to accomplish, with no outward sign of a strategy for growth in the Mobil security space and a couple of years late on the start.

    What is so absurd is that discussion happened right here two years ago. This is why leadership is important. Aware will go nowhere with Russberg, Russ trying to go north and Berg trying to go south, the beast does not move. But alas, I do not think Stafford is as inept as his Co-CEO's. He is playing possum. Why?

    It sure looks as if he is just ushering the patents out the back door and storing them in entities that are hard to trace ownership. With this information before us, all avenues of communication shut down by the Chairman, what are we supposed to think?

  • Check out recent discussions on the IWSY YMB site. Credit Sandy for eliciting and in-depth perspective from what appears to be a well-informed poster.

  • Reply to

    Is a run below 4.00 coming?

    by a_daylate_dollarshort Jun 12, 2015 3:33 PM

    Its not what I wished for. I just know Stafford's M.O.

    He is very transparent in his opacity !

  • fd_rox fd_rox Jul 28, 2015 8:05 AM Flag

    You are barely literate when you get excited. Perhaps you should calm down and maybe you would get some clarity in your thinking. You can ignore me, I am sure I hurts you to think so I don't want to torture you. The rest of us are interested to understand why a seemingly good business idea has gone so far off the rails.

  • fd_rox fd_rox Jul 27, 2015 10:13 PM Flag

    Every body scratching each others back making everyone feel good while the ship sinks doesn't help the cause. Attempting to dispell the bs and expose core problems does.

    Interestingly, today i don't think I was critical of the Company. I was more trying to get some facts straight. When I read Sirius post it sounded to me like he has a different understanding of Etak's current operating point. Different by something like a million in Qrtrly cash flow. Again he was going off on his very optimistic diatribe, which when predicated on flawed logic or assumptions just puts him right bach where he's been for the last several years. No one has benefited from his sales pitch on etak. I am trying to formulate my own realistic view of what is happening. If we all open our eyes to reality, perhaps people that matter will see the sense. At the very least we ll all make better informed decisions.

  • fd_rox fd_rox Jul 27, 2015 4:08 PM Flag

    By the way, the "Time until BK" is a calculable number that simply considers the burn rate and cash reserve to calculate a time until the cash runs out. Whether that time is one year or five years matters significantly.

  • fd_rox fd_rox Jul 27, 2015 4:05 PM Flag

    Sirius and Squirrel are two and too stupid to realize that ETAK is a broken stock. Maybe a broken Co also. The ability to finance this enterprise is at best challenging and at worst a disaster for investors. The question of the cost savings and being precise about it has significant impact on financing this company for the future. Adjusting the burn by a million bucks could be the difference between future dilution and not.

    Both of you rely on hand-waving to explain away all of the BS surrounding this company. Your CEO has done the same. If he would have effectively considered risk and planned for real world difficulties he might have decided to raise capital when his stock was trading a 3 dollars instead of 30 cents. So your joking is not really funny and is indicitive of your immaturity as investors. No matter how much money you or SVV have, you've all exposed your foolish ways and allowed yourselves to be separated from some big sums.

    The smart money is liking their chops. Your blood in the water. ETAK's blood is in the water. Whoever puts in the money is going to extract a very high price from the shareholders. Understanding the balance of cash flow as a result of the cost reduction is important. I believe Sirios' interpretation is wrong, much like all of his analyses provided up until now have been.

  • fd_rox fd_rox Jul 27, 2015 2:54 PM Flag

    If an investor in this company does not think about their investment in ETAK in this manner, they are doing themselves a disservice. This is a very high risk and speculative investment. Certainly the risk of future dilution is real and it can be very significant at these prices.

  • Reply to

    Stafford Rides Again

    by radiofreeframingham Jul 27, 2015 11:42 AM
    fd_rox fd_rox Jul 27, 2015 2:29 PM Flag

    Theoretically, Jimmy, Kimmy, Big John and Little John are all governed by the quiet period limits. I would venture a guess that there could be other trading entities at work too.

    Does it not seem strange the Dov would be a little concerned given that his investment has pretty much tanked. After all he took on a very large and illiquid portion of this company. I would expect he is on the phone with Big John wondering #$%$ is going on.

  • Reply to

    Stafford Rides Again

    by radiofreeframingham Jul 27, 2015 11:42 AM
    fd_rox fd_rox Jul 27, 2015 2:23 PM Flag

    Goose is legally allowed to buy starting tomorrow. If nothing else it seems he has managed to create a little extra volume and a discounted price, so he may be quite happy with the latest quarterly results.

  • Anyone else care to weigh in. Based on the 8K, my interpretation is that they claim the reduction will take place, beginning in the third qtr. So an annualized savings of 5MM$ implies about 1.25 MM$ per qtr in expense reduction. As opposed to 5MM$ in savings between now and the year end. This is an important distinction since it will have a huge impact on the cash burn and even bigger impact on the time to bankruptcy calculation.

    I would expect some of the savings to be evident in Q2 but not likely 100%. Maybe they get half of it in Q2 and all of it in Q's 3 &4. That would imply $3.125 MM in actual 2015 savings.

  • Reply to

    Stafford Rides Again

    by radiofreeframingham Jul 27, 2015 11:42 AM
    fd_rox fd_rox Jul 27, 2015 12:08 PM Flag

    Maybe Pin Cushion knows.

  • Reply to

    Nice read

    by josh4marshall Jul 25, 2015 3:57 AM
    fd_rox fd_rox Jul 27, 2015 9:22 AM Flag

    Actually, I am not bashing on the Stock. I am bashing on you.

  • Reply to

    Nice read

    by josh4marshall Jul 25, 2015 3:57 AM
    fd_rox fd_rox Jul 27, 2015 8:52 AM Flag

    I will not be on the CC, unfortunatley, however, that is a point for clarification. I am quite certain my interpretation is correct. If you are correct, then ETAK has reduced expenses by 10MM$ per year. That is not what the statement says. Here it is for you to read again. You still have not learned your lesson Sirios.

    excerpt from 8K:
    "The plan includes eliminating approximately $5 million in 2015 from its annual cash operating SG&A budget"

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