Autobytel Inc. (ABTL)

[GeronimoApacheWarrio]

Should not be a stand-alone public company

The management compensation, bonuses and relocation expenses vs Net Income earned for the whole year of 2012, and even EBITDA, just prove once again, that ABTL should not be a stand-alone public company. The numbers will not work. The company is worth much more as a private enterprise or a division of a larger public company. Management has done a good job with the turnaround, but the numbers do not work as a public company. What these compensation figures versus stock price action in last 3 years prove is that the company is being run to pay management. I do not believe that management has done so deliberately, but these are the facts. If the stock had appreciated to $10 a share during this time period, we would have all been happy and would not complain. Large shareholders hold the cards here, let's see what they do. And hopefully management does the right thing soon.