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Mitek Systems, Inc. Message Board

mitk_long 23 posts  |  Last Activity: Jul 20, 2014 9:00 PM Member since: Jan 6, 2014
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  • Reply to

    This guy says Mitek 1000% upside potentional

    by nadullah62 Jul 20, 2014 4:16 PM
    mitk_long mitk_long Jul 20, 2014 9:00 PM Flag

    Nadullah, can you share where you found that? sounds like a "Motley Fool" type article.

  • Reply to

    This guy says Mitek 1000% upside potentional

    by nadullah62 Jul 20, 2014 4:16 PM
    mitk_long mitk_long Jul 20, 2014 8:33 PM Flag

    Anyone on this board ever speak to investor relations? Are they giving out this kind of info now? Should one of us call and confirm?

    "Just recently, I spoke with this microcap company’s investor relations department and here’s some interesting information they give me.

    For every check that’s deposited through mobile capture, this microcap company earns around 12 cents. This ties into the above cited number on cost per transaction on mobile being 10 cents."

    Sentiment: Strong Buy

  • Reply to

    Sudden realization

    by steves528100 Jul 16, 2014 8:23 AM
    mitk_long mitk_long Jul 17, 2014 9:04 AM Flag

    I had forgotten that Doug, good point. So, what happens to a company, who dominates their market, once they turn profitable? Not to mention the massive short position in the stock.....

    Sentiment: Strong Buy

  • Reply to

    Sudden realization

    by steves528100 Jul 16, 2014 8:23 AM
    mitk_long mitk_long Jul 16, 2014 5:35 PM Flag

    I would hope so but legal fees might be up.

    Sentiment: Strong Buy

  • Reply to

    Sudden realization

    by steves528100 Jul 16, 2014 8:23 AM
    mitk_long mitk_long Jul 16, 2014 1:00 PM Flag

    Jorlev1164m, look for 5.25m in revs.

    Sentiment: Strong Buy

  • 07/10/2014 375 Motion for leave to File Sealed Document (Attachments: # 1 Motion to Bifurcate) (Scheper, David) (Entered: 07/10/2014)
    07/11/2014 376 Sealed Order 329 . Signed by Judge Harry Lee Hudspeth. (rg) (Entered: 07/11/2014)
    07/11/2014 377 APPENDIX to 376 Sealed Order Regarding Plaintiff's Motion for Summary Judgment. (rg) (Entered: 07/11/2014)
    07/11/2014 378 ORDER GRANTING 375 Motion for Leave to File Sealed Document. Signed by Judge Harry Lee Hudspeth. (rg) (Entered: 07/11/2014)
    07/11/2014 379 Sealed Motion filed by Mitek Systems, Inc. (rg) (Entered: 07/11/2014)

    Sentiment: Strong Buy

  • Reply to

    USAA

    by mitk_long Jul 1, 2014 8:34 PM
    mitk_long mitk_long Jul 3, 2014 9:38 AM Flag

    kehrimin, I was curious your thoughts about the filing last week?

    Sentiment: Strong Buy

  • Reply to

    USAA

    by mitk_long Jul 1, 2014 8:34 PM
    mitk_long mitk_long Jul 3, 2014 9:36 AM Flag

    I agree that the USAA case is holding back the stock, unjustly. The shorts used that lawsuit to pummel the stock. I encourage all to reread the seeking alpha article where it mentions the worst case scenario if Mitek looses to usaa. It does not mean that usaa now gets half of all revenues. Of course the shorts want you to believe it and my guess is IF we lost the suit the stock would get trimmed in half. Of course once people realize the minimal revenue impact, the stock would then begin to recover.
    Lets face it, the shorts are in control because Miteks revenues have not proven themselves yet. I dont think anyone doubts that its not a matter of IF but a mater of when will Mitek be generating 80 to 100m in revenues? Is it 1 year? 2 years, 3 years? when that day arrives, this will be a 20 dollar stock IMO.

    Sentiment: Strong Buy

  • mitk_long by mitk_long Jul 1, 2014 8:34 PM Flag

    Any experts care to weigh in on the filing made by usaa late last week? Not sure what to make of it. They are trying to use some recent ruling from a big Yahoo case to bolster support for their case is the best I can tell. Desperation or valid points?

    Sentiment: Strong Buy

  • mitk_long by mitk_long Jul 1, 2014 8:25 PM Flag

    Markman Hearing date changed in the tis case

    Court will reschedule the Markman Hearing, which will now be held on 8/5/2014, at 1:00 PM in Courtroom 6A before Judge Richard G. Andrews. Ordered by Judge Richard G. Andrews on 6/26/2014

    Sentiment: Strong Buy

  • Reply to

    What happened to the commoncents guy?

    by monsterstockman Jun 27, 2014 3:05 PM
    mitk_long mitk_long Jul 1, 2014 10:01 AM Flag

    jl945, when you say "the guys who can make the stock fly" who are you referring to? Maybe they should quietly buy a large stake, disclose when they have to, and then be activists and force some changes?

    Sentiment: Strong Buy

  • Reply to

    Lawsuit

    by kehrmin Jun 6, 2014 6:48 PM
    mitk_long mitk_long Jun 8, 2014 3:47 PM Flag

    Here are the last 4 docket entries for the USAA case. If you sign up for pacer you can see more details on each of these entries, as well as every entry for the entire case.

    06/06/2014
    Motion for leave to File Sealed Document (Attachments: # 1 Sealed Document Mitek's Reply ISO Partial MSJ, # 2 Sealed Document Mitek's Objections to USAA Opp. Fact Statement, # 3 Sealed Document Exhibits W-Z) (Scheper, David) (Entered: 06/06/2014)

    06/06/2014
    Unopposed Motion for leave to File Sealed Document (Attachments: # 1 Sealed Document USAA's Reply in Support of Its Motion for Summary Judgment, # 2 Sealed Document USAA's Supplemental Statement of Facts in Support of Its Motion for Summary Judgment, # 3 Sealed Document USAA's Reply to Mitek's Objections to USAA's Statement of Facts, # 4 Exhibit F - Part 1 - Filed Under Seal, # 5 Exhibit F - Part 2 - Filed Under Seal, # 6 Exhibit G - Filed Under Seal, # 7 Exhibit M - Filed Under Seal, # 8 Proposed Order) (Macon, R.) (Entered: 06/06/2014)

    6/06/2014
    NOTICE of Filing USAA's Notice of Filing Additional Documents in Support of USAA's Reply to Its Motion for Summary Judgment by United Services Automobile Association ("USAA") (Attachments: # 1 Affidavit Declaration of R. Laurence Macon in Support of USAA's Reply in Support of Its Motion for Summary Judgment at Dkt. No. 356, # 2 Exhibit A, # 3 Exhibit B, # 4 Exhibit C, # 5 Exhibit D, # 6 Exhibit E, # 7 Exhibit H, # 8 Exhibit I, # 9 Exhibit J, # 10 Exhibit K, # 11 Exhibit L)(Macon, R.) (Entered: 06/06/2014)

    6/06/204
    Unopposed Motion for leave to File Sealed Document (Attachments: # 1 Sealed Document USAA's Opposition to Mitek's Motion to Strike Decl. of Bharat Prasad, # 2 Affidavit Declaration of R. Laurence Macon, # 3 Affidavit Declaration of Michael T. Zoppo, # 4 Affidavit Declaration of Brian J. Doyle, # 5 Exhibit 1 - Filed Under Seal, # 6 Proposed Order) (Macon, R.) (Entered: 06/06/2014)

    Sentiment: Strong Buy

  • Reply to

    Lawsuit

    by kehrmin Jun 6, 2014 6:48 PM
    mitk_long mitk_long Jun 8, 2014 3:41 PM Flag

    Kehrmin, Not sure if this has been posted yet but are 2 recent events in the TISA Case.

    6/03/2014
    NOTICE OF SERVICE of Defendants TIS America Inc.'s and Top Image Systems, Ltd.'s Objections and Responses to Plaintiff Mitek Systems, Inc.'s First Set of Requests for Inspection (Nos. 1-4); and Defendants TIS America Inc.'s and Top Image Systems, Ltd.'s Objections and Responses to Plaintiff Mitek Systems, Inc.'s Fourth Set of Requests for Production of Documents and Things (Nos. 98-101) filed by TIS America Inc., Top Image Systems Ltd..(Struble, Erich) (Entered: 06/03/2014)

    6/03/14
    ORAL ORDER- IT IS HEREBY ORDERED that: the status teleconference set in this matter for 6/9/2014 before Judge Sherry R. Fallon is CANCELED. Ordered by Judge Sherry R. Fallon on 6/3/2014. (lih) (Entered: 06/03/2014)

    Sentiment: Strong Buy

  • Reply to

    Lawsuit

    by kehrmin Jun 6, 2014 6:48 PM
    mitk_long mitk_long Jun 8, 2014 12:01 PM Flag

    I can confirm that the documents are on pacer. kehrimin is not lying OCman, but you already knew that because I am quite certain a short like yourself has an account. Keep sewing your seeds of doubt OCman

    Sentiment: Strong Buy

  • Reply to

    Short interest

    by kehrmin May 29, 2014 9:10 PM
    mitk_long mitk_long May 30, 2014 12:57 PM Flag

    h8ster, if what you say is true, and I do believe you, then that is blatant stock manipulation. Anytime an entity or group of entities controls a stock that is illegal. This needs to be reported. There will be a clear paper trail for the SEC, FINR, etc.. to follow.

    Sentiment: Strong Buy

  • Reply to

    Bank of America

    by mitk_long May 29, 2014 8:29 AM
    mitk_long mitk_long May 29, 2014 9:11 AM Flag

    continued:

    And so all that put together has enabled us to capture the human behavior change, which is this very convenient device they have, it's always carrying and always with and then use it to actually reposition the cost structure of the franchise, and at the same time increase the customer satisfaction. And so, when you put it all together, that is a very strong thing in a retail banking environment, which largely gets its revenue from deposits, largely gets its revenue from deposits and checking accounts, and in a low rate environment it allowed us to take our cost down in our retail. Phones, Internet, people, branches, the whole should match, from 300 basis points of deposits to 200 basis points of deposits across three or four years.

    Sentiment: Strong Buy

  • Reply to

    Bank of America

    by mitk_long May 29, 2014 8:29 AM
    mitk_long mitk_long May 29, 2014 8:42 AM Flag

    John McDonald – Sanford C. Bernstein & Co., LLC

    Can you talk a little bit about what you're doing to adapt to the customer behavior changing in the retail bank and some of the delivery channels?

    Brian Moynihan

    Right. I mean, at this conference we hear from lots of types of companies, but if we'd have been sitting here in 2012, I would have been talking about we're going to bring out the thing – the ability to take a picture of a check and deposit it with Bank of America. In 2014 first quarter, 10% of all deposits by retail customers went through people taking a picture on their smartphone or on their iPad and sending to us. It's an incredible move. It's taken five years or so for the smartphone to do, and the iPad type complex, mobile complex to do what it took 25 years for the ATM is to do in terms of moving transaction volumes. And so, this change is different, because people are carrying a bank branch in a pocket. And so what we have focused lot on is driving our mobile capabilities, had a big investment. So when you go back to things that we're proud of, we are proud of the position we've taken on mobile and computer banking, and computer banking is older now, but we have 30 million computer banking customers, round numbers, have had a number that's relatively stable. These are active customers that used it in the last 60 days, whatever the definition is.

    We've added 15 million plus mobile banking-enabled customers, not computer customers, computing device and have to use it, not just download the app. And the activity on those is about $3 billion a week of payments made off of that mobile platform. 30,000 new customers come in a week, they didn't sign up for the process. That's down as we're getting higher penetration. The deposit activity went from zero to 3.69, 10% now. And so all that put together has enabled us to capture the human behavior change, which is this very convenient device they have, it's always carrying and always with and then use it to ac

    Sentiment: Strong Buy

  • mitk_long by mitk_long May 29, 2014 8:29 AM Flag

    Bank of America's CEO spoke yesterday (5/28/14) at a NYC conference.
    He discussed the "INCREDIBLE" adoption of mobile.

    He said, "In 2014 first quarter, 10% of all deposits by retail customers went through
    people taking a picture on their smartphone... It's an incredible move.

    It's taken five years or so for the smartphone to do.. what it
    took 25 years for the ATM is to do in terms of moving transaction
    volumes."

    SA Author's comments. "Wow 5x faster! At JPM Chase ATM deposits grew by 54% CAGR
    from '07 to '11 (see the article above) and penetration hit 40%!

    I'dtake MITK's revenue growing by 4x."

    Sentiment: Strong Buy

  • Reply to

    This is How

    by ocman201248 May 23, 2014 11:56 AM
    mitk_long mitk_long May 23, 2014 12:09 PM Flag

    ocman, are you saying that miteks stock is being manipulated by naked short sellers?

    Sentiment: Strong Buy

  • Reply to

    Summary Judgment

    by kehrmin May 14, 2014 9:04 PM
    mitk_long mitk_long May 23, 2014 11:52 AM Flag

    Kehrmin, I was wondering if you might comment on todays USAA filings as well as your thoughts of the most recent suit by rothchild

    Sentiment: Strong Buy

MITK
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