AudioEye, Inc. (AEYE): Well they did issue almost 1.1M shares j...

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Re: BlindSquirrelFindsNuts post# 6552

Wednesday, 10/08/2014 4:54:06 PM

Wednesday, October 08, 2014 4:54:06 PM

Well they did issue almost 1.1M shares just in Q2 alone for "services". It would be interesting to know who and what they did to earn that many shares in just a single quarter.

Did you see their release yesterday...What's the old saying...more things change, the more they stay the same?

AudioEye to Report Profitable Third Quarter on Record Revenue of Approximately $4.7 Million

Deja Vu! “Cross-license related revenue in the most recent quarter amounted to approximately $4.1 million and cash-related revenue approximated $600,000”

So once again, devil is in the details. At least they mentioned it in the actual release this time. Reality is that once again, approximately 87% of all revenues in Q3 are again non monetary, customers paid just $600k of the total $4.7M. Everything else is again coming from the exchange of a license.