AudioEye, Inc. (AEYE)

[236tydeaw9542h]

Yes but revenues dropping almost 33% from last quarter is not a good thing and they only generated $1M in real cash revenues? Did I read that correct? And for profits, again you can thank their creative accounting for that false perception. A true profit means you make money, real cash, above and beyond what you spend and they have never done that despite the multiple prs that can only be considered somewhat misleading to most and only valid per accounting rules that allowed them to count almost 35 license swaps as revenues. I think good old Jim Ennis got one thing right and that's the valuation he paid for AudioEye. He and CMGO paid a measly million dollars plus or minus for the entire company. They knew what it was worth when they bought it and I personally don't see where it's worth much more than that today with its still insignificant amount of real cash revenues. CMGO paid $1m and today through press releases, what appears to be some blatant stock promotion and leveraging a rarely used tax accounting treatment for license exchanges claiming it as revenue, they have created an almost $50M fully diluted market cap. God bless...I wonder how all those who bought above a $1 feel and if they would claim they were mislead? I known what I will be doing if we again see a concerted effort to push the shares higher. Based on today's pr and tape action, it appears as though someone is again back at it. ;) AudioEye is still something I just don't see. Just my opinions which rely on filings and history versus the company's continual stream of what I perceive as conveniently selective and self serving press releases. About time for the old gang to show up here I would assume.