This company costs its shareholders dearly. Their lack of ability or willingness to provide a clear strategy around their growth plan and core value proposition causes the market to place little or no value on the company beyond its cash holdings.
If this was a fleeting condition, it would not be such a big issue. However, this condition has been in place for many years and covers many aspects of Aware's business including IP monetization, and Biometrics. Not only does Aware not provide relevant information about its business. They have been known to provide inaccurate information. The company apparently mis-led when they appointed the current Co-Interim-CEO's almost 4 years ago. They lied about the existence of off-balance sheet entities for at least 3 SEC reporting periods. They have withheld any information about new contracts in biometrics such that the only folks who have any clue about what to expect are insiders.
There is suspicious trading in the stock that gives appearances of improprieties, especially in light of the apparently unnecessary tight-lipped policy on business plan discussion with shareholders.
How can anyone take what Ed says seriously, as long as this condition prevails? Aware has had zero material new contracts occur over the last 12+ months! How can that be, in this growth industry?
You are a JackAsss, If you think anyone on this board puts a french lick of credence into anything you say.
Oh, you mean the patent arrangement that was, and then was not , and then was again! They spend more time double talking then they do trying to say something tangible and meaningful. As a consequence, the market places nearly zero value on Aware's future money making potential. Shareholders pay dearly in present market value because of the incompetence of Stafford, Russell and Moberg.
Merger? Combined earnings would be something like : 8(Aware) + (-4)(IWSY) = 4
25x4 = 100M$
To answer your original question, "Apparently nothing much". No follow through. Yesterday seems to have been a decent opportunity to sell. Thank you very much!!
Another lightning strike! Doubtful dog. There are greener pastures, especially in light of recent market softness. Good luck to you though.
Today is a great example of why Arial would not have bought in with only a small percentage gain in mind.
Whoever is buying today is moving this stock several percent just on a couple hundred K shares. Arial's position was about 6 times today's volume so the cost of moving the price is quite high.
The buyer obviously expects a sizable move if he is willing to allow price to move 10% on his trading.
Given the very light interest on the buy side for any multitude of reasons, a few forced sales are driving big price change. Judging from market conditions, classic time for some margin calls on anyone over-extended.
Might pick up a bargain. Put your bid in below the market.
Have I ever complained about my return? No! I have done quite well. Why? Because Aware is a well-managed Company? No, because I have traded my position well? Apparently, Yes!
I am lucky, because over its history, Aware is a loser for its shareholders.
I have pointed out that over its history, Aware has not produced much if any value for its investors. I have pointed out that Aware has not delivered any value from its operations. The only saving grace is 100+MM$ in patent sales, without which shareholders of all time-frames would be left with little or no value and mostly deep losses.
Aware's strategy is to sit tight and wait for a lightning strike. Its a pretty lame business model. I am critical because for now, I have some capital at risk here. The opaqueness of Aware's business model has all but turned investors away. The stock trades with little or no value placed upon future earnings because the market does not anticipate any from this company. Why would any reasonable investor be satisfied with this company. Recognizing that you are focused on the past, while smart investors are looking to the future, and looking for real evidence of future prospect.
Imageware meanwhile fighting to raise money to grow its business. Just today tapping additional 2MM$ from one of its investors. Even though this company has lower revs and very negative earnings, the market gives it over 150MM$ of valuation over Aware. That is almost $7/share higher price for Aware if we equitably priced.
THat is the value differential made by the respective management teams.
Sox Writes: "I must admit I do like the doorstop that on 5/25/12 paid $1.15 per share. Paid $1.80 per share on 12/17/12. And paid $1.75 per share on 7/24/14 for a total per share paid to date of $4.70. I also like knowing you did not reinvest and have not shared in this because a person like you does not deserve to share in the proceeds at any level because of your unfounded defamatory activity. "
Of course she refers to the three large special dividends paid in '12 and '14. What she is too dumb to realize is the following:
1) None of that cash came from biometrics. Over the 2012-2014 the Biometric Dividend might have been 25 cents, not $4.70 a nearly 20-fold difference.
2) Aware gave the cash back after deciding it had no productive use for the cash. Aware has been sitting on relatively large sums of cash for decades. They are a small biometrics company and it appears they will stay small given that they are not doing anything to grow the business. Nor do they present a plan to do so. The decision to not invest in their own business just helps to prove this.
3) Aware's Biometric busienss is a break-even front that enables Stafford to do whatever his real mission is. We have been trying to figure that one out. I assume it Stafford's mission is to exploit Aware's patent value either for himself or on behalf of shareholders.
For some reason, Aware refuses to level with the investing public about what its real objectives are. When folks are not honest with me, I immediately assume they are crooks, given they have to break the rules in order to deceive. The Aware business model is predicated on investor deception and this is the reason they have cut off all ties to public investors.