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Gosh, will it be Munchie inside of Samsung or Apple buying EDIG? Or will EDIG be behind closed doors trying to figure out what to do with potential ethical matters? What's next?
LL
I thought that wild speculation had been eclipsed by the revved up speculation that Apple was going to buy EDIG; that being created in response to the furor about the CEO.
LL
Now THAT is embarrassing. Maybe they should have waited until Dec of 2012. Closer to today's date. I wonder what Coyote thinks about it?
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Seems to me that if I had opportunity to create growth and revenues in Patents and in Munchie (whatever it is claimed to be) an if I had websites devoted to both, that I would actually update those websites to reflect these opportunities, or at least what I was doing to capitalize on them.
The EDIG innovations group, or whatever they call it, has not even completed the building of a splash page in over a year.
Needless to say, this greatly increases my confidence in the stories of their going out and doing demos and creating partnerships, for, after all, the first thing such prospects do is look at the website to find out more information.
LL
You will never see EDIG address the markman, or the "non-ruling" as it has been referred to by some. The only way EDIG is able to address the scenario you describe is to admit it is no longer valid as to past alleged infringement, and only then by saying they are focusing on future alleged infringement.
Confusion is their watchword.
LL
I think investors are becoming jaded to the extent that there will be little if any spike in price if either of those events come to pass.
I'm just going to stick with my selling for tax loss purposes absent some heretofore unseen positive surprise.
LL
I am definitely no expert, but I think the claims must be read as parts of a whole, not as individual potential points of future infringement. However you look at it, the patent is effectively dead.
In spite of what EDIG "believes."
LL
"Now that the irrelevant re-exam has declared the useless '774 patent to also be invalid due to additional prior art, "
That is a classic. Sort of sums up the EDIG experience in a single phrase.
LL
Brad, I think your "fear" is as well founded as the fact that the sun is coming up tomorrow! Indeed, the more confusing, the more discussion and opinions, the more real it seems to many shareholders.
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I think it's effectively dead.
LL
I think you meant to say amending - otherwise I agree with your post. They get a prospective, as opposed to retrospective, bite at the apple.
Nice post and thanks.
LL
Nice FACTUAL post. Even while holding out another vegetable to feed the hunger of the faithful, EDIG was forced to "admit" this in their announcement referring to "future" infringement only. As if there will BE any future infringement of this completely gutted patent.
LL
Not only that, EDIG's own public statements make it clear that is the case.
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In the interests of informing potential investors about the true nature of this company I am going to dig into the thousands of documents I have, continue the conversations I had with Parker today, and begin posting FACTUAL real life Stories of EDIG regularly on this forum, naming dates, institutions, companies, trade shows, potential contractual arrangements, and what was really going on behind the scenes.
If things were more laissez fair (sp?) On the boards I wouldn't feel the need to do this, but it seems difficult for some information to be distributed.
Fred, get ready to be uncomfortable.
Stay tuned for the first Story of EDIG - it takes place in Denver and was referred to in an official EDIG PR - with erroneous information of course. Get ready for names like Kevin, Phil, Premier, an artificial disc company, Steve Case, the Pritzkers - oh, it will be interesting. All in good time.
LL
I quit buying individual stocks a LONG time ago - learned my lesson with EDIG! Strictly an asset allocation guy for a number of years now.
LL
Ha ha.
Dan, you got it wrong - instead of
"Accomplishments as CEO: Successfully guided trademark application for Nunchi... " it should be "Accomplishments as CEO: Successfully guided amended second effort trademark application for Nunchi after failing to articulate an understandable message in initial filing ... "
LL
"What would you have thought if they were not able to attain the TM? "
The same thing I think now. It's irrelevant and we will never see a dime from Munchie, trademark or no.
LL
OMG - they partnered with more people than MSFT did. If there was a company out there they were on the partner page. Don't recall any of them ever engaging in patnership activities, but then we didn't have a Partnership Activity page.
LL
What is there to sell? Oh, you mean the types of things that real companies publicly discuss? Licenses, partners, revenues, that sort of thing?
LL
Ha ha. I think you need to look up the definition of a trademark. Pretty easy to get a trademark. Much more difficult to get a valid patent that can be shown to have been infringed. But we already have had that proven to us, right?
I'm more interested in how you think the publication of a trademark is going to help EDIG. How much do you think it will drive the PPS?
If this is the most positive thing we have going for us - well, not much to add.
LL
Wow - that's great. A trademark. I wonder what impact that will have on the PPS?
LL
Given the fact that all litigation to this point has driven the shareprice DOWN I can't see it being driven UP with more of same.
Only if there is a positive markman and a BIG win will that happen. Of course, I said the same thing several years ago while some were going on and on about hundreds of infringers and hundreds of millions in revenue. And, sure enough, no successful markman and no big win - ever.
If this and Munchie is all shareholders have to hand their hats on my 5% positive prediction may be too high.
LL
Doesn't really matter - that ship has sailed. And if EDIG were inside Samsung would not have settled with us for such a paltry sum. Yet another win-win-lose - a win for DM (40% contingency), a win for Fred (cash to keep paying his salary) - a lose for shareholders (PPS continued to sink).
LL
What is her relation to the power structure? Whose relative is she?
LL
What's the statute of limitations on that? My opinion of Fred gets worse every week.
LL
Having spent time with Fred at multiple locations around the United States I would agree with you. However, he has had plenty of time to see the truth and owns his actions at this point.
LL
Easier to be sanguine about "penny stocks" when you're in for pennies. And this has been one of the long time responses to company critics who have lost money on EDIG - a way of diminishing and minimizing their complaints.
I'm keenly aware of the various requirements and, as I said before, first should have been warned when EDIG released their PR about "believing" they met Nasdaq requirements.
LL
I don't cast aspersions on honorable people who are doing their best. However, I have nothing but contempt for those who misrepresent for their own good at the expense of others, or who deliberately lie about facts the truth of which most shareholders have no way of knowing.
As I have said many times (to coin a phrase) I will evaluate at the end of each year my capital gains and see what is the best move to make. Having already sold about 200,000 shares last year I think I'm being fairly true to my word. It's pretty easy to make these decisions if your cost basis is .10 or under. Much more difficult if it's .50 or so totalling 250k - 275k. Even more difficult for my friend who is in at $7 for $3M. That's not buying a penny stock. But hindsight is a wonderful thing.
LL
On the other hand, $525 worth of stock has traded today so far, so things aren't all bad.
LL
Were these REAL orders or "opening" orders LOL? How many units? Oh, I forgot, there must be some NDA or something in place to prevent them from telling us (so the competition won't find out!).
LL
Hard to believe anyone could actually call that a web site. If I were citing that as evidence of hope for the company, I would have to question my own perception of what IS a successful company.
It's just further proof that they have a very limited chance to succeed with any of their current projects and are just throwing stuff out there for shareholders to have something to talk about. At least RP's BS was a higher level of BS.
LL
1. If I look at the edig innovations website, it says
"From the company that delivered such innovations as solid state audio devices, hands-free communications and portable In-Flight Entertainment, comes a new division dedicated to the on-going design and development of technologies which are central to our ever-changing world.
Check back soon as the e.Digital Innovations Group readies its innovations and website for launch."
Nothing else - am I missing something? Is this considered a website - looks like a placeholder.
2. The company can't win? The company can't produce. What are they doing to produce revenue and raise the PPS. If you have been in business as you say you know one thing is true - sales cures all ills. I see no sales and no settlements or judgments that can be considered beneficial to shareholders. What has transpired has benefitted no one but those drawing salaries.
3. So you are saying that your "posotove" outlook will change if activities supportive of the PPS do not take placce before March 2013? That would be, by the way, 2 years after the webcast and Muchie intro, 27 months after "Innovations Group" (LOL) and 16 months after the SHM, a timeframe that would not be tolerated by any group of shareholders of any real company.
4. I am eager for Coyote to speak for himself.
LL
WSJ - one of the great things about being in the courtroom was you could actually get people to answer questions. LOL.
LL
OK, we know you can answer a question with a question. Easily done. How about answering my question then I will happily answer yours.
LL
Danel, I think that's why people are buying more. It's obvious that exciting times lie ahead.
LL
Oh, how's that group doing? Website coming right along?
LL
Here are some examples:
If Apple announced a new product or app, then a year later did a demo, then a year later nothing had happened there would be riots.
I worked for a $35B company for 18 years (started as a $400M company to be accurate). We would "soft launch" by doing selected demos and announcements and always have the product online within 3 months from the soft launch.
Now I work for and have a stake in a company that is between $5M and $10M in revenues. We soft launch by word of mouth updates and discussion about a month or so before updates are launched (all software). Never more than a month between the time we talk about it and the time we can show it in real time.
It doesn't make sense to do it another way because momentum is lost. In fact, the only logical reason to spread it out over such a long period is to placate shareholders - shareholders who are markedly unlike Apple shareholders because we have been fed nothing but empty news for years, while they have, well . . .
Anyway, you should get the idea.
LL
You mean the demo was absolutely real. I've asked before but no one seems to want to answer - how long do you think it should be before we see some revenue results that help the shareholders? As we have seeen, patents and trademarks have done nothing for EDIG except drive the price down.
2 years since announcement, over a year since the demo to shareholders, no known users, licenses or sales. What do you think the timeframe should be. If a year from now we still have no known partners or purchasers is yoiur confidence in EDIG still as high?
Fair question I would think.
LL
Are you serious? March of 2010? 2 years plus? And people still think it is real?
LL
How long has it been since Munchie was rolled out? How long has it been since there was supposed to be a web page for the new "group"?
When is EDIG required to deliver some more public information?
The Roaring Silence - Manfred Mann
LL