AudioEye, Inc. (AEYE)

[236tydeaw9542h]

"On a sequential basis, revenue for the third quarter of 2014 increased 61% when compared with revenue of $3,013,033 in the second quarter of 2014.The Company's annualized revenue "run rate" in the third quarter of 2014 approximated $19.3 million."

That was from their Q3 press release. Note how today's conveniently ignored and omitted mention of sequential growth and a run rate. Of course because revenues fell sequentially about 33% and current run rate would be now just $13 million, a large decline from.previously reported.

Think about this for a second, out of the entire $12M of approximate revenues they will report, approximately $1.9M or just approx 16% of all of it involves a customer actually paying them with real cash. Almost approx. $10.1M of their revenues is from the exchange of a license involving no actual money trading hands.

Current fully diluted valuation is a staggering $50M plus which is better than 25Xs trailing cash sales. At some point the bubble bursts imo. I'm amazed it has held air this long.