AudioEye, Inc. (AEYE)

[236tydeaw9542h]

I'm amazed they were able to convince any investors to put more money in, basically throwing good money after bad in my opinion. Another $2.6M in cash resulting in yet more dilution just confirms they were yet again out of money. It's likely not going to buy them more than an extra quarter if lucky. If and when this stock is trading at new lows in the future, anyone who read the financials and who understands the difference between real cash revenues and non monetary revenues should not be surprised. I see this financing and dilution as little more than trying to put a band aid on a gaping wound. It will be interesting to see if the promotion soon again starts. Going to need some excitement and liquidity for all those news shares to be able to sell into. Wash...rinse...repeat.