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One of many multi-million and multi-billion dollar OEMs with which we signed contracts, but which somehow never came into existence.
The saga continues.
LL
Let's see if DM is still on board after all this re-exam stuff is said and done. All they have accomplished thus far is to take nice contingency fees, get some nuisance settlements, and drive the PPS down with each one.
LL
Dinkie went downhill fast - had a lot on his plate. Very sad.
A lot of those guys deserved to be in jail - somne others still do.
LL
The book makes it clear that she was a full time day trader. I was trying to find her on LinkedIn - that's her - a JP?
I still have her email and phone number by the way - (smile). LOL.
LL
Never, well said. My broker told me when it was at .75 the last time to get out and I didn't. Then when it started falling he said again, get out, wait till it hits bottom, then, if it starts to go back up wait and see if it's really going up before you buy. I was too smart for my own good.
Speaking of that, either you or someone else (Kool?), asked about those who had lost or gone bankrupt in EDIG. Here's a good story. One of our traders was highlighted in a published book called "The Guts and Glory of Day Trading: True Stories of Day Traders Who Made (or Lost) $1,000,000". This is public information in a published book so is a valid post and there is no reason to remove it. She "outed" herself.
Go look it up on Amazon, then scroll down the left side to "search inside" - type in Mary Pugh. It will take you to chapter 8 which you can read in its entirety. I don't think she had lost the entire $6M or $7M yet, but she was down to $1M or so when this was published. I assume she eventually lost it all.
Nice reading. I bet Putnam didn't lose a minute's sleep over it.
LL
Never. Agreed. About 5 minutes of "research" should make clear that EDIG has about as much chance to foot with these guys as I do with Usain Bolt.
But as long as they keep throwing breadcrumbs out there enough believers will remain that there will be some continuing to follow thenm through the forest.
LL
Chipper, sort of a sad kind of success Don't you think? Trading on the hopes And dreAms of others based on false promises to achieve an income.
I continue to be amazed at the lengths people will go to in order to avoid. Discussing the merits of EDIG's shell game. Still waiting for answers on projected timeframes for success and personal expectations from our positive brethren. Looks like at least one is in the 20 year range.
LL
That's really good. A possible timeline. Only 20 years or So to wait.
LL
Glad YOU'RE still thinking about it. Let us know when you think Fred has done something, other than not finish college, which would make him a worthy addition to that list.
LL
I agree completely. Only difference between all those guys and Fred is that they all have many great achievements and he, well, not so much. Of course, he's still getting paid nicely, unlike the shareholders.
LL
Never, no worries. We are told The Little Company That Could can keep the doors open for another year or more. I see the process you describe as 2 years or more before a Markman on the 737, that is, if a law firm will handle it on contingency.
So the two camps will continue to debate the value of each new PR, each patent and trademark nuance, each demo for shareholders, and each quarterly report telling us what EDIG expects to monetize. I personally feel better knowing we can put Falk in the same class as Honest Abe.
LL
Same language, same lack of transparency, same nebulous, non-specific references to activity with big prospects. This is the detritus of the EDIG past, the legacy of RP, the inheritance of Fred Falk, the gift that keeps on giving (to EDIG, not to the shareholders).
LL
I don't think we agree about much. And in EDIG's case, how long ago was this demo? A year? More?
A demo to shareholders is NOT part of the selling process. It is part of the carrot process. Do we know how many, if any, demos have been made to prospects? And if there were any next steps?
In my company a sales cycle can be as short as a month and as long as 2 years depending upon whether they want a cloud or enterprise solution. In EDIG's case we have no idea how long the sales cycle is for anything, because there ARE NO SALES, only promises.
So if there is a demo to a prospect, which IS part of the sales process, and there are identifiable next steps, I'd love to hear about it.
A question no one will ever answer: how long will it be before you, Coyote and others have concerns that the demo and Munchie are going to produce zero revenue? It's been a year. Will it take another 6 months? A year? 2 years? Love to know that.
LL
Never said no one cares about a demo. But as someone who actually, currently, presently SELLS IP and software, withactual results, to F50 companies and law firms, I can only share MY experience which is : a bad demo gets you nowhere. A good demo is a small first step toward a real world trial and generates no revenue in and of itself.
I can point to numerous next steps, customers, sales and revenues. When EDIG can do the same I'll be happy to give them credit. Until then, to paraphrase Freud, sometimes a demo is just a demo.
LL
To paraphrase the Oracle's words to Neo "There is no road."
LL
Plus, it's much less expensive to retain customers with that approach than to constantly be seeking new ones.
For instance, if EDIG had kept even a few of those so-called "opening order" customers it would have been much more fiscally responsible than continually spending money for ne business.
LL
Please be sure to let me know when EDIG turns a supposedly successful demo into anything that generates revenue. Being a lawyer who now has a stake in a machine learning software company which runs on Hadoop/H-base and uses Latent Dirchelet Allocation as a primary algorithm among 50 difference Ensemble Reference Points I regularly hear "that was a good demo. How can you convince me it will work in the real world?"
When EDIG is working in the real world and generating revenue this conversation will be moot. Until then, a great demo is meaningless except to placate the shareholders.
LL
Right. I would definitely put Fred Falk right up there with Abraham Lincoln and all the others. Great information.
LL
From Forbes
Eric M. Polis
41 Years Old
Eric M. Polis was appointed a Director in October 2008 and Secretary in December 2010. He has been employed as an asset manager for privately-held Davric Corporation since 1997. He was Secretary, Treasurer and a Director of ASI Technology Corporation, a publicly traded specialty finance company, from July 2000 to May 2010. Mr. Polis is also a private investor and serves on the board of several Las Vegas non-profit organizations. He obtained a B.S. in Business Administration from the University of Arizona in 1993.
Don't think Polis is going broke anytime soon.
James "Jim" Barnes - Co-founder of Airscooter Corporation and associate of Woody Norris on other public and private ventures according to public records. Barnes was also a founding investor in both e.Digital Corporation and American Technology Corporation and has participated in numerous loans or equity financing deals for e.Digital.
Jerry E. Polis - Founder, Chairman, CEO and majority shareholder of ASI Technology Corporation, and associate of Woody Norris on other public and private ventures according to public records. Polis is a greater than 5% shareholder of both AirScooter Corporation and e.Digital Corporation. He has participated in or been the sole source of numerous loans and equity financing deals for e.Digital.
LL
Our Leader: From Pastebin
Alfred H. "Fred" Falk - Began his career in 1978 working for one of Helmut Falk's earlier start-ups, DH Technology, and stayed until its sale in 1988. From 1988 - 1995 he worked at Personal Computer Products, Inc. and Resources Internationale. He joined e.Digital (Norris Communications) in 1995 as VP of Corporate Development. He was appointed President and Director of Norris/e.Digital in January 1997 and CEO in July 1998. On July 1, 2004 Fred Falk stepped down as e.Digital’s President and CEO to serve again as VP of Corporate Development. He was reappointed President and CEO in January. Falk took courses at two California community colleges, Palomar College in San Marcos and Foothill Collegein Los Altos, but did not achieve acollege degree.
LL
Just giving you a hard time. You seem like a good soul. The whole thing is a shame. There are 7 Million stories in the naked city. This is but one.
LL
Kool, do not destroy the dream LOL.
Besides, I am listening to that little ole band from Houston Texas, ZZ Top, and they have just finished blowing through Just Got Paid Today and Got Me Under Pressure - can't decide which is more apropos for EDIG investors.
LL
I'm not sure I understand the post except that it is somehow supposed to undermine my post.
I profess no knowledge of the LV real estate market other than that it is part of the US real estate market. I also suspect that if you thoroughly researched the Polis family net worth you would find they had no real benefit gained by selling their EDIG shares, at least insofar as it saved them from any real estate losses.
I also think you could deduce that they had plenty of money to scrape by until they reaped all the rewards of EDIG ownership. Unless, of course, as we all know to be true, they had already been "reaped" - so to speak.
LL
I am not sure Murgirl was there - but who cares about a demo. Anyone in the technology business knows that a demo means absolutely nothing. One can make anything happen in a video.
And it is great to have an eyewitness to the facct that these guys are as full of it as FF and RP. The real estate market was not good to anyone - and they evidently didn't think EDIG was going to rescue them from their financial woes either short term or long term. And they were right.
LL
Let'a be honest - no one really believes it. At this pointit's all about wishin' and hopin' and dreamin' and prayin'. And saving face.
LL
Thanks for defending the right to differing opinions.
And if people want to think that EDIG has finally gotten some true revenue-creating application/device/software after 10 plus years of misleading their shareholders about their expections and elements and results which would be forthcoming "soon" - that is their right as well. Not hard to see which result the odds and history favor.
Inn my world, people/customers are not impressed with demos, only with real world results. One can make anything happen in a demo. It is not possible to discern from a demo what will happen with a live product. So far EDIG has failed to deliver on every promise associated with Munchie, in fact, they can't even put up a web site over a year after forming the supporting "group."
LL
You are correct. Every postive legal prediction I ever made never came to pass. Thanks for reminding me.
LL
We have experts on patents, hardware, software, middleware and apps coming out our ears. Too bad none oF the hypotheses have ever led to anything that benefits shareholders.
Anyone can get a trademark. When that language becomes reality in the form of an enforceable patent or a product or a piece of technology which a lot of people buy, anf the PPS goes up, it might have some meaning. Until then? Just words.
LL
Cassandra, heybrad and others can cite numerous individuals and financing entities that have made large dollars off of large quantities of EDIG stock, associated loans and other shady dealings. It is obvious in hindsight that some have made a lot from shorting the stock. I am not that astute to understand it all but have seen the stock do so many inexplicable things with huge volume when nothing was happening that it defies logic and good conscience. I couldn't sleep at night either.
What am I saying? I have a 6 year old - don't sleep anyway.
LL
We all hope, all evidence and history to the contrary, that it goes up. I had about 3,000 shares back in the heyday of the bubble when Nortel and WorldCom and all the others were going wild and never even noticed it had gone to $24 since my whole portfolio was going up - one day I glanced at it and said holy crap, by then it was on the way down. So I wisely started following the boards, learned all the GREAT stuff that was going to happen, it was a "can't miss", developed a relationship with some of the EDIG guys, got close to a stockbroker in San Diego and a guy who introduced Cocumelli to RP - heard nothing but great stuff, and started buying again I think around .75, can't remember. Cost basis was around .50 or .55 when I had my largest number of shares.
I hate you. LOL.
Seriously, we all hope it goes up.
LL
Yeah - you are at .06. I hate you!
LL
Never - much more succinctly put. LOL. Nice job.
LL
kool,
How long have you been here? No offense. There were investors who were touting EDIG going to 200 dollars. there was one investor (written about in the paper) who had shares worth what $6M and didn't sell. Not sure if she got out. I have a friend who is a Dr. in the midwest (a personal friend) who has $3M invested in EDIG at a cost basis of $7. Didn't sell because he, like me, like murgirl, like dozens of others who are in my email contacts, believed the BS put out by Robert Putnam and they did just enough to keep hope alive.
One investor was advising others to take their kids' college funds and invest in EDIG - and some did. These are true stories. If you want a compendious listing go to Raging Bull and ask HeyBrad to dig into his archives and pull out some stories. They are too many and too tragic to count.
This is a company that never came close to meeting any of the three basic requirements for Nasdaq listing who put out a public PR that they "believed" they met the requirements and were filing for listing. This when the stock had started falling from its high and it kept it up enough so that RP and others could sell their stock. This was the first negative posting time for me as I thought they must just be brain dead since it was patently obvious they did not make the requirements. As a former officer of a public company on Nasdaq I found it hard to believe. But I was naive and continued to buy the hype, trash those like Cassandra who pointed out the many, many, many shady dealings and financial chicanery of this company.
Meanwhile, the cult (as they were referred to by either falk or putnam, I believe the latter) continued to hype every new carrot put out there. The list of supposed partners, OEMs, products, alliances, technology, etc., is almost endless. One guy has been hyping that we are going to sue Apple and PortalPlayer for at least 10 years.
So yes, people have gone bankrupt and lost their savings on this stock. That's happened with other stocks as well, but here we have a coterie of believers that refuse to face reality. I was one of them. And some of those are mean-spirited, finger-pointing, heartless purveyors of the dream that has become a nightmare. I was one of those as well. Some of us are just not as bright as others, particularly when we have made a BIG financial mistake. The doctor can afford his mistake though his retirement is not what it should have been. Pam and I can afford our mistakes though $250k and $300k are nothing to sneeze at. And we are reviled for not selling our stock and "moving on" because we don't "believe in the company." I hardly know how to respond. I've already screwed up by not following the advice of my broker to not buy it (had to sign a letter releasing him from liability LOL), by not selling at two previous break-even points. Now what difference does it make?
Some use the ploy to sell for tax purposes to get us out of here. OK, I had a good cap gains year and sold some stock - maybe I'll be able to do it again. In the meantime, what does it matter to anyone what I do with it, what Pam does with it?
You have not even witnessed the tip of the iceberg. I could start listing names and the message box would cut me off before I got in everyone who was screwed by this company.
LL
FYI - I can't post private messages. There has been some question on PMs to me about the number of shares I had. I had 400,000 for some time and added another 100,000 a good while back. Sold 200k now I have 300,000. Some of course may not believe that. Some of course don't believe I am a lawyer either. I would say that is my least important accomplishment in life. Next to owning EDIG shares LOL.
LL
I know that Nuchi will not be a producer. It is not clear is Nunchi will be a producer, but given the fact that there are a thousand products from real companies that already do what they do, I'd say the odds are against it. And I suspect anyone who has any understanding of technology would agree.
LL
I think your last sentence tells the story. But we don't know if they still represent EDIG.
LL
I would agree with that - at least now EDIG just calls them one of the top 100 law firms in the world. At one time the hype on another board was that they were hiring 400 lawyers or something like that to litigate the Samsung case. Boy, that was really a big win for DM. And the Markman! Man, they killed it for us on the Markman.
LL
Coyote, I'm always happy when you end your posts with one of your penetrating questions. First, let me say that I don't think it makes any difference if DM is here or not and it HASN'T made any difference to the PPS. I take that back - the PPS has steadily dropped since DM came aboard, but Fred's income has remained the same.
That being said, to coin a phrase, how do we know that DM is still involved with EDIG? And let me answer your question with a question. On what do you base your belief, if any, that Munchie WILL ever generate a dime? Unless something radical has changed with EDIG they are much better at talking about meetings they are having seeking partners.
Having said THAT, what happened to their partners page? I can't find it. And the EDIG innovations group? When was that announced? When you go to their web site it says "Check back soon as the e.Digital Innovations Group readies its innovations and website for launch." How long do you think that should take? Hasn't it been a year?
So I reiterate my question. On what do you base your belief, if any, that Munchie WILL ever generate a dime?
LL
As evidence of the good times we have now moved about $650 worth of shares today. There is electricity in the air.
LL