e.Digital Corporation (fka EDIG)

[Neverending]

EDIG has been stringing along investors for 16yrs! The only end in sight is as of the last financial report they have about enough money for 3-4 months. I am sure they have squeezed a few more settlements out since then but they seem to be very small these days and not very numerous like in the 50-100k range. I think they have something like 100 million authorized but unissued shares so they could always sell some stock if they had to. My bet is they hobble along for awhile longer until some company takes them all the way in court and effectively kills the NUNCHI patents. In my opinion the reason EDIG gets settlements is they are not asking for much and taking a case all the way to trial can cost over $1 million so companies settle as a business decision. I assume most do not allow a PR as a condition to settle because you can bet EDIG would want one for the publicity. Usually "nuisance value" settlements are far larger than what EDIG seems to get so I assume that means their cases are weak.

As for the "water thingee" EDIG is developing there are already a bunch of products on the market that use sensors and the internet to monitor water usage and other things. From EDIGs PRs they seem to claim that any use of a sensor to send info over the internet means you infringe the NUNCHI patents. If you use natural skepticism when it comes to EDIGs claims you will come to the right conclusion! Sensors have been around for awhile and so has the internet. You actually think this broad concept was not already in use before EDIG came along with their NUNCHI patents in 2011! EDIG is trying to claim a broad interpretation of their patents to sue the most companies when the patents are far far narrower in my opinion. Anyway how has the trust EDIGs claims of huge potential ever worked out for shareholders.

https://www.google.com/#safe=active&q=water+monitor+internet