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Re: Farsis post# 3553

Sunday, 12/15/2019 9:07:18 PM

Sunday, December 15, 2019 9:07:18 PM

Post# of 4031
The current issue is that the Apple lawsuit is causing the major portion of the cash drain to Andrea. I have objected for many years to Doug's exorbitant salary and potential bonuses but that is not the present main reason for the current financial situation. I doubt many question that Andrea's technology is among the best in the market. The problem has always been that for whatever reason, they couldn't make any money with it. Apple pays billions for Beat but doesn't give a nickel to Andrea. Another of my objections has been that Doug does very little to promote Andrea in the investment community. For quite a few years, Andrea was generating positive cash flow but the stock sold for $.05. Companies in bankruptcy were selling for 20 times as much. I have argued that if Andrea actually had a business and financial oriented CEO, the company's bottom line and the stock price would appreciate substantially. Unfortunately, that has not happened. The Apple lawsuit has no doubt prevented Andrea from pursuing claims against other entities, such as Amazon and Ali Baba, for patent enfringement by products sold through those entities. It is now apparent that the animosity of Apple against Fortress has caused Apple to fight the Andrea lawsuit even though Apple could have settled the lawsuit for substantially less than they have spent on legal fees fighting the suit. The Apple suit against Fortress would appear to be without legal substance but presumably was undertaken as a chilling effect upon Fortress to cease its patent enfringement lawsuits. Where this leaves Andrea is unknown. If it ultimately survives, the present price is ridiculous. If it doesn't survive, the present price is exorbitant. Good luck to all.