A timely dropping of a low volume market order that hits a few price points and stimulates a couple of limit orders and stop losses. Traders playing. Induced distress?
Hey what has become of the Dov? He's been crushed. Took on the Turtle's shares and that was like catching an anchor. Can't believe he's happy. Not how DGC made its fortune. Wonder why he keeps quiet? I think those shares really belong to someone else and DGC is completely disinterested in the investment.
Whose profile would match an investment of that magnitude? I seem to recall another familiar investor with that size of position that went of the radar at some point.
These trader types just seem to know how to hie from sight. It permeates so much of what they do.
Staffords induce distress and bid low.
Welcome to Aware. Our shareholers are very important to us.
We will no longer provide quarterly conference calls and some of our SEC filings will be inaccurate. There will be no opportunity for our valued shareholders to clarify the vagueries presented by the company.
There is actually not much useful information provided here. I think the YMB participants on this board are pretty arrogant and mostly interested in judging the other posters rather than peeling back the layers of the ETAK onion.
There are a few folks who are technical and share their take on the industry, that is helpful. So what we have is a great understanding of the opportunity in front of ETAk, but no real concern for their inability to achieve success however small, early and place themselves on that long road to building on the success.
ETAK has some success but all around it pothole after pothole from bone-headed moves and decisions and yes a few unlucky breaks. What seperates ETAk from the winners is a leadership team that can foresee the risks and make a good plan to deal effectively with them.
1) raise enough cash to take you through your start-up period.
2) set expectations that are realistic
3) plan accordingly once those "real" expectations are understood
(eg - make sure proper resources are employed to handle tough jobs)
4) staff the organization with knowledgeable and talented people, especially in the leadership roles (e.g Mark Nije, CFO)
The above 4 items are all SVV responsibilities. If he did any combination of those better, the company could have a much better standing today with investors and customers - and a much higher probability for success. The consequence would have been a significant reduction in dilution and a higher present share price.
For some reason this post, in response to Radio's comment above, keeps getting deleted from the YMB:
"The Geese are high-fiving each other in Chi-Town. Mission accomplished. Oscurity!"
For a stock like Aware, thinly traded, closely held. Based on observing the actions of the majority owner, we understand that he has no interest to clue the world in on what he owns. So for some reason he perceives it to be in his best interest to conceal the value of this asset. Public Company and federal regulations aside, the value proposition for Aware is a secret known only to the Staffords.
While concealing any hopes for future value realization, the Staffords have been able to show significant sequential decline in the business. As the price of the stock has recently collapsed they can slowly or in some cases more quickly accumulate their ownership. This process has evolved over the last decade. They are experienced traders. They know the drill, plant some bids down low, be patient wait for sellers. If their are no sellers, drive the price down (poor operating results and no strategy for improvement or change) and wait for investors to throw in the towel or get forced into a margin call or whatever. Declining prices are their friend. They revel in the distress.
Seems to be driving a massive run on Aware's Stock.
That was a 277 share lot at the open. Can anyone see any other traders out there.
Hello is anyone there ... Hello ... I think everyone must have gone home early. Seems very much like when Aware was predominately DSL income, oh wait thats right there is no such thing as Aware DSL Income.
Maybe we are in new territory, but its awfully hard to tell.
Aware could manage something better, right here today, to make its RoE 6x better and much like NXPI. Can you guess this one thing that Aware can do better than it does today? Try it girlfriend. Study, Read, call the company. Predominant Biometrics income flowing over all of us, feel the cold hard cash. Hey, was that a shiny penny I just saw ...
Wow Dawg, you are using some pretty fine spectacles.
Aware earned 319K$ this quarter, of that 105K$ comes from DSL legacy royalties and another 33K$ from interest on the cash pile.
So at best, Biometrics generated 181K$ on 54MM$ of shareholder equity. That equates to 0.3% RoE for the qtr or 1.3% return annualized.
I'd call it more like breaking even since the "interest" on the cummulative losses generated by Aware completely wipe away this nearly zero rate of earnings.
Thats what a history of earnings growth, a well articulated plan and good execution will get. Amazing isn't it?
Strong results and strong investor confidence. Two things Aware has never experienced.
So what do you think is the significance of the absence of mention of VS? The one obvious reason is that t is not directly affected by the Re-org within ET. If there is a secondary re-org (as implied by the word "initial" as you point out), its quite possible that VS is affected at that time, which gets to the point of a prior post of mine.
You are nuts. How can you argue against the need for change at Etak. You are more interested to intercept constructive criticism than think about how to improve. You are part of an organization that just cannot fix itself.
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.
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.