RealNetworks (rnwk)

[Detached]

Welcome Georgie18 & SeatonBM.

Nice to see some activity on the board. I've been checking it periodically. Hoping to find some signs of life. I've been out of the Market for some time now. But I made a promise to myself if some occurrence ever happened causing the Market to capitulate I'd consider getting back in. As a result of Covid-19 the opportunity arose. This was one company I was eye-balling really hard. The facial-recognition industry is suppose to experience hyper-growth going forward and I also considered it to be a segment that wouldn't experience a significant downturn as a result of the Covid-19 effects on future spending. According to the news being released RealNetworks has a real edge in the area of biometric facial recognition algorithm technology that has a high level of accuracy. Plus, they've been around a long time and I like the other areas of service they provide. I feel they're fairly well insulated from any negative ramification related to the slowdown of economic spending.

Towards the end of March I started accumulating a core position--(wish I would have reacted sooner and bought shares on March 18th) and as a result I have a nice total tucked away at an average price of .69 cents.

I like the fact their market cap is well below their annual revenue totals. I'm hoping based on potential revenue growth of facial recognition product line and in-house cost refinement touched on in their last quarterly conference call will result in profitability in the near future. If that happens the share price will increase significantly due to it being way undervalued. As it stands now a $4.50 share price equals a market cap of one times annual revenue total. Who wouldn't take that bait?

Look forward to sharing with the two of you over time.