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Having said that, the sky is DEFINITELY not falling - (it has already done so.)
LL
I was guessing about a year. It will be interesting to see if Duane Morris remains in the picture, assuiming there is a picture for them to fit into.
It is clear to me that Munchie will never generate a dime.
LL
Meanwhile - $150 of shares have traded by noon eastern time. I am giddy with anticipation.
LL
Never, The timeframe between the start of litigation and a markman would be more like 18 months, not 6 or 8. The big question which everyone seems to want to dance around is what is EDIG going to do for revenue during the extended time periods associated with the phantom opportunities which they continue to dangle before us. It may well be that the one thing that the believers cling to (i.e., keeping the doors open) may not be possible for much longer.
By the way, if anyone really wants to have a meaningful conversation how about speculating re the amount of cash on hand for EDIG, monthly costs to keep the highly vaunted doors open, and presumed income over the months until the cash on hand runs out. I'd be interested in some "due diligence" on that. Oh, wait, I know that I will soon be invited to do such "due diligencce" myself since I raised the question and this is the best defense of those who don't want to hear it. Sort of like "can too,", "can't."
LL
Justin, Let it Roll dude! Laissez les bon temps roulez! LOL
LL
The MMs may well be manipulating the stock between .03 and .04. The rest of what you say is, in my opinion, farfetched at best.
Is there a time period in which you may come to believe that EDIG is The Little Engine That Couldn't ? 2 years? 3 years? If the PPS is still under a dime at 5 years? Or will it still be the MMs who are contolling everything?
LL
At one point I thought it was a no brainer it would get to $1 or $2.
But they've tried products, their best efforts at "monetizing" their patents have failed, they have a bad markman ruling, and munchie is a joke. What are they going to do? Take their revised patent, if it gets approval, sue someone for FUTURE infringement, and convince the market they will successfully and profitabLy repeat the process quarter after quarter with built in growth? I don't think so.
Putnam's exit with his tail between his legs tells us the true story.
You're in at .06? I hate you. LOL
LL
I think you mean semantics. And I, of course, disagree. There is a fundamental difference in what we are saying.
I Am certainly not espousing the theory that we would be better off if the company went under. The reality is, however, that for those of us invested at .50 or higher the company HAS effectively gone under. And all the pollyanna plaudits about EDIG's "survival" ignore the reality and the lack of ANY realistic business model to raise the PPS more than a few pennies.
If people are happy debating what makes the PPS move between .03 and .04 god bless 'em. IT's meaningless to most of us except for those making a living off the backs of a lot of well-intentioned, loyal investors, many of whom have lost hundred of thousands of dollars and more. And please - don't tell me "haven't lost til you sell." That was my line 5 years ago.
LL
Anyone who thinks that the MMs are controlling the PPS is oblivious to the fact that the PPS is actually controlled by corporate results. If EDIG had anything of interest to the investment community at large, such as ongoing growing revenues, a patent which had produced a large judgment or favorable markman plus large judgment, with verifiable potential other infringers from which to recover similar judgments or settlements, then the PPS would move of its own accord and the MMs would be powerless to control it.
The fact that the PPS moves up or down a penny or a half penny during the day on total shares worth $800 is not only irrelevant, it is embarrassing.
Just my opinion - but one that has been repeatedly borne out over the years.
LL
Nothing but blue skies - that's blue as in sad.
LL
I see EDIG is expecting again.
LL
Yep. The sky is definitely not falling and the future's so bright we've gotta wear shades.
LL
OK - I got it - EDIG is the "Little Train That Could" (I think you mean "The Little Engine That Could") and they are lucky to be around.
That is a powerful value proposition to take to the marketplace. I suspect the PPS will be rising accordingly.
LL
Certainly everyone is entitled to his or her opinion. . . farfetched as it may seem to others. You always ask me questions when I post my opinion, and I try to answer.
I asked you a question - what's your answer? If you see blue skies ahead let us in on the reason. I'd LOVE to feel great about this investment.
"The "little company" is still around for sure. Too bad that doesn't translate to dollars or a higher PPS - I would be interested in your take on how the company is going to generate enough revenue and market interest to impact the PPS."
LL
Of course they haven't - they can't even identify who potential infringers might be. It varies daily depending upon the state of the remaining patent(s).
And can you imagine telling someone about a great investment you have and then answering the types of questions a potential investor might ask about edig? What have they done? What are they doing? How do you know the patents will be successful this time around if they didn't move PPS last time? What, PPS fell every time a settlement was announced? They lost their markman - AND their re-exam? Who exactly ARE the infringers? Can you describe Munchie for me again? How do they expect to make money off that? Why didn't they pursue the IFE business and healthcare business? No one knows? I'm not sure I understand why this is a great investment.
LL
The "little company" is still around for sure. Too bad that doesn't translate to dollars or a higher PPS - I would be interested in your take on how the company is going to generate enough revenue and market interest to impact the PPS. I can't see any way that will come to pass. Unless that happens the comopany may not be done, but the story is.
As for cheering up, I haven't noticed anyone being sad about anything - if one were to be sad about this company the sadness would have taken place years ago when it became apparent that the patents were not going to generate any revenue and the IFE business was a sham. How many "opening orders" were there? How many add-ons were there to those opening orders?
If I believe the corporate lie once, shame on me. Unfortunately I believed it multiple times so multiple shames on me. But no more.
LL
I think all the knowledgable engineers, IT people and lawyers on these boards agree with this assessment. It is unknown to me what the 737 impact is. I do think it is somehow tied to 774 though - am I wrong on that?
Having said that it makes no difference what we say or think here - the only thing that makes any difference is what actions are being taken to produce revenues by EDIG or its attorneys? I see no litigation being initiated by EDIG; I see no sales or licensing of Munchie; as Schultz said on Hogan's Heroes "I zee nozing!" That's nothing AT ALL!
LL
From another board - I see someone else has figured out that we need only look to the future to see what is in store - and the answer is not much. As the Sex Pistols stated so eloquently
"No future for you no future for me
No future no future for you"
The post:
"If E.Digital does modify the claims as described by the examiner, that will limit what devices are considered infringers to the patent.....
A charge pump is a device used to create higher voltages out of lower voltages. They are used when a power source such as a battery do not have a high enough voltage to supply the power requirements for operation. With respect to flash, many many years ago, it required 12V for programming the cells, thus a charge pump could be used to take a battery voltage of 3V to 12V. In the last 10 years or so, flash no longer requires 12V for programming, and can be powered directly by 3V.
A MOSFET was typically used in a flash application to prevent inadvertant writes to the flash during operational edge conditions, either at power up or power down of a system. In the early days of flash there was no protection from this. As flash technology matured, the data protection was built-in to flash, thus no longer requiring power-up and down control to prevent errors. MOSFETs are quite inefficient, and are not used any longer in portable devices.
So if E.Digital re-writes the claims to include charge pumps, MOSFETs, etc. And if with the new claims , only future devices can be considered infringers, where does that leave us?
Am I missing something?"
LL
I don't think we need to concern ourselves with the "lookback" part.
The rest of what you write is correct. This point was made many times during all the hullabaloo about hundreds of infringers and hundreds of millions of dollars of "settlements". (We once had a year long raging debate over settlements vs. judgments - The majority of the believers wanted settlements, which were all paltry in size.)
So the way EDIG looks at this is it is another two years to keep investors on the hook waiting for the same thing they were waiting for 3 years ago (or longer), during which time they will forget about Munchie just as they have not forgotten about "the elements". That assumes something positive comes out of the re-exam process, which is a big assumption at this point.
LL
What "news" are you "expecting?"
LL
He will NEVER say they are having to drop the former strategy. He will leave it to th faithful to just think this is 'additional' infringers.
LL
They knew there was no money in it. They just wanted to be able to state that they "believed" there were 150+ infringers out there? Remember all the messages on other boards about how many hundreds of millions of dollars were at stake.
And of course they are now careful to state "future" infringers because you can't sue someone for infringing something that was not patented, and this will, for purposes of infringement, be a new patent. But that won't matter to all those who just want to believe in "our little company " - if by little you mean 7 people.
LL
But Cassandra,
Didn't you see Fred's "expectations?" Ha ha.
LL
Note for those who do not know, EDIG also tried to sue for patent infringement a LONG time ago as well. There is no information available on the case and the lawyer who represented Norris refused to talk with either me or the other person who attempted to contact him.
LL
It's absurd - trying everything they can to keep the stock alive with no revenues.
LL
Oh, was there any update on Munchie sales or licenses? I must have missed it in my excitement about how the rejection was actually going to be a good thing.
LL
From EDIG's "PR".
The Company expects, but cannot assure, that the planned modifications will overcome the rejection and further believes the modifications could clarify and strengthen its ability to enforce future infringement of US 5,491,774.
You got to hand it to them - they are still "expecting". And now, not only is the rejection not a bad thing, it is going to be a good thing. Let's see if Duane Morris continues to think so, and, if they do, whether or not they can get any settlements higher than $1M or so (before they take THEIR 40%).
This ought to give them another 6 months to a year with the faithful.
LL
maybe this will be like some of the digecor litigation where they had notes written on the back of envelopes, etc.
LL
It's extraordinarily complex - that's why they are able to go to court and get nuisance value settlement and also why they are able to keep shareholders on the hook. No one can accurately predict exactly what and when will happen. Except that the vast preponderance of evidence and history reveals that no one profits except the management, the BOD, and the lawyers.
LL
Business as usual.
LL
wsj
You are correct in that at least he is not a complete lying sack of ____ like RP. I think Fred does have a sense of honor to some extent and is sort of stuck with this - of course, he had choices not to be, but at times they were on the verge of making something happening. We should be clear that RP called all the shots, as I am personally aware.
It might be time soon to talk with the lawyers (ours) about some of the shenannigans.
LL
That reply just exudes confidence doesn't it?
LL
Never,
I haven't read the patents in a while and I realize that is possible, it may work for PTSC, but, as an attorney, and I think MR. Kool would agree, it's a LONG, and I mean long in terms of time sna odds, shot. And, after about 50 EDIG long shots, I'd say it's akin to no shot.
LL
We've already had a markman, remember? I actually worked for one of the biggest providers of intellectual property materials and software in the world, probably THE biggest, so know a little about this. One of our offices was across the street from the USPTO and we were probably the biggest seller of file histories.
You are right, there is a path that could result in some sort of victory for the shareholders. However, it is an arduous path, I would say the percentages are low, the markman is a huge problem, and the timetable is very long.
It will be telling to see what we hear from DM, if anything, in the future.
LL
That whole sensor thing - makes no sense or nonsense - definitely makes no cents.
LL
Never - are you on the correct board? Just kidding.
I'm sure current "management" will do all they can to fan the flames of hope. After all, a salary and free shares at .02 is better than no salary and no shares at all.
LL
But we can continue to feel good about "out little company" knowing that we've got that trademark.
LL
Yeah - and look how great that has been for PTSC, what are they trading at, a penney, two pennies?
LL
Never,
If 1 million shares traded in an hour and a 50% decline is any indication - I think the word has spread!
LL
Cool. I mean kool.
LL