Autobytel Inc. (ABTL)

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I don't see that the earnings were anything but terrible. At four cents per share, that comes out .8 cents per share presplit. Horrible. It was supposed to come out about five cents per share presplit. At this rate, they'll only come out about 4 cents per share presplit for the year. That's ridiculous.

I did see, however, that Jeff gave bonuses as soon as they got shareholder approval to hand out many thousands of dollars to employees. Nice move, something the shareholders will never get.

Cash on hand...well, Jeff sure handled that well. He doesn't know what to do with the cash, but one thing for sure...shareholders aren't getting any of it back as a dividend. Jeff's probably going to pay some hyper-inflated price to one of his friends for some garbage with the cash.

Now, something critical that's worthy of SEC action. It seems that when I voted my shares the way I did, somehow the votes were changed....in favor of ABTL requests of course. I don't know who or how my voting was changed, but that's a serious issue worthy of some follow-up. I'm doing that now, and if it turns out that there's something illegal going on, ABTL's going to be in very big trouble.

The only thing Jeff did on the positive side was to give some guidance for the coming year. Right now, I don't see that doing that is going to over-ride the crap that's coming out of this company.
That's it for today.
stockdoc68