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WAIT! I forgot about Munchie getting a trademark!
BUYING OPPORTUNITY !!!
LL
And of course no response from EDIG.
I see even the true believers have not been posting. This sucks. I should have taken my $12k and run. As my chinese wife would say with a smile - "$12k is better than nothing." Of course, to put it in perspective, she would say "One dollar is better than nothing" as well.
LL
Here is at least one long term holder who understands the significance of the trademark.
"and, I am sorry but, a copyright / trademark means very little.
A trademark is not 'evidence' that a working product exists.
Anyone can get a trademark. I got one for a music player. It cost me $250. I had no intention of ever making a music player. But, I was hoping to sell the name. I took a shot.
Nunchi can still be a carrot. EDIG has demoed it. They said people asked if it can do this or that. They never described 'this or that' and to my knowledge there is still no company interested in becoming a partner.
At some point, we will probably stopping talking about Nunchi just like we stopped talking about the 'Elements'.
An honest question for you. How much longer will you wait before you call Nunchi just another carrot? It that years? Is it months? Joe, it's about time for our management to give us results, I don't want to keep hearing that IT IS A WORK IN PROGRESS. I meant to shout that btw.
At some point, EDIG has to say it is ready for sale and more than that, they have to show us that it's a product (if you want to say platform OK) that other companies want to pay off.
Let's hope we get a good report from the patent office. I have enough loss carry over to last much much longer than I am going to last. And that is not a joke."
Like this guy my current carry over loss may well outlive me.
LL
kool,
Are you stain on another board? I see you posted this same information there at the same time.
LL
People have been posting non-fact-based "stock recommendations" showing EDIG as a buy off and on for years. I can't remember a single one that was ever accurate.
LL
Never, agreed. But the old. Magic still works. Put out a PR with some semblance of importance and the believers begin to worship once again.
LL
This is one of the silliest discussions in a long line of silly EDIG discussions. Who cares if they get a trademark or some patents? How much money have any patents made for us? And until someone actually uses Munchie or its technology, and on a very large scale, any Munchie patents are meaningless for the PPS.
Yet another example of the true believers getting excited about news instead of revenues.
Show me the money.
LL
I am shocked to hear that the highly revered and esteemed DOCTOR Nunally received his diploma from a mill. I especially find it hard to believe given the very high bar which EDIG has set in terms of hiring and expertise.
Note - they do have one guy named Kevin Bostenero (or they did have) who really knows his stuff. Probably moreso than Nunally.
But let's not be alarmed - after all, look at what Nunally has done for PTSC.
LL
Never,
Is the E.D.I.G. group the 4 person group or the 3 person group? Or have they let more people go in order to "reduce overhead"?
LL
I like that. The most profound contribution of EDIG management, besides funding their own retirement, is to turn $80M into $1M. Not many people, besides retired pro athletes, can do that.
LL
Let's just say that is a massive understatement.
LL
What a joke. This school is accredited?
LL
If we made a list of all the potential sales and marketing opportunities which they have failed to "monetize" (their language - yet another noun made into a verb) it would be lengthy.
LL
We gave them a sales force of 3 active people; we provided them with an opportunity for an additional team that would work on commission. They never took any positive steps toward availing themselves of the opportunities. I finally saw that their goal was not to have revenues coming in, but to keep the stock alive, create loan/redemption scenarios for their friends, and take advantage of all the free shares they had.
Why do you think Woody is rich and none of his companies have successful stock prices?
LL
AKA "FUNchie" because of the fun that EDIG management must be having at their seemingly inexhaustable supply of names to go with a fully exhausted set of revenue-producing ideas.
LL
So, like I said.
No debt, no income, more shares. Looks pretty ugly from here.
Certainly not an LOL from my perspective.
LL
As I understand it that income was derived from the final nuisance settlements from CO. I am not aware of any settlements or areas of income that are going to hit the most recent quarter. If there are any, there are bound to be quite small.
Even as a seven person "company" they will be squeezed. Unless there are some expectations that Munchie is going to provide revenues? Maybe it's just me and there are a ton of revenues in the pipeline. I'd be happy to be corrected. The stock is not going to trade on the basis of last year's filings.
LL
No debt, no income, more shares. Looks pretty ugly from here.
Certainly not an LOL from my perspective.
LL
that's "why", not that's "by" -
LL
I guess that's by MicroOS is in SO MANY devices on the market. Can someone name a single device which currently uses MicroOS?
Thanks in advance.
LL
It almost seems like the company was designed simply to enrich Woody Norris, Jerry Polis, Jim Barnes, Robert Putnam and Fred Falk instead be a real business that would create returns for investors
ALMOST?
I remember when Sunpoop and I were having a knock-down drag-out about IMS. During an enlightening visit with RP he had been told IMS was a crap company and had nothing going for it compared to EDIG. I did a quick assessment of its locations and biz plan and told him RP had it backwards. I guess he would believe me now.
LL
And Cassandra made the point more fully.
Really, this thread illustrates completely the major theme of the edig experience and the self-justification that we have all employed at one point or another to convince ourselves that we have not been made fools of. As I look back on all the nasty emails that I wrote (aimed at MH and Cassandra for the most part) I realize that I was trying to convince MYSELF more than them that I had not wasted $250,000+. (And I'm just a bit player compared to some I know.)
I don't have any qualms about trying to dissect some of the jokers on the board who attacked me personally, but MH, Cassandra, and a few others did nothing more than make an effort to have me look at myself; really they acted in the same fashion as did my longtime friend and Raymond James advisor who has handled the portfolios of all my family members for more than 20 years.
He finally threw up his hands in disgust and said he'd buy it but only if I signed a waiver of liability, hoping that would bring me to my senses. But I was caught up in the group fervor and, unlike most, had the additional "liability" of having seen and used the EVU product and the wireless prototype. We had a specially-designed suitcase with about 20 EVUs in it that we carried around with us for a while.
I saw how the wireless version could be tethered to a hospital bed and un-tethered to go with the patient anywhere on the grounds; it could order books or ebooks from the hospital library, access the cafeteria menu and order meals, do email, browse the web, and monitor patient vitals with a little work. We envisioned an entire cradle to grave (pardon the language) experience around pre-admission "paperwork", check in, use while in-facility, check out, payment, insurance liaison, and post facility monitoring - we thought we might be able to get insurance coverage for it as part of the total hospital package. We beat out 5 other well known companies to become a finalist for a well-known children's hospital.
So I was in hook, line and sinker. But what was I in? Nothing more than a very sophisticated con game where the company did just enough and spent just enough money to KEEP us on the hook. To come full circle, RP's nebulous, non-pin-downable, you can't hold me to it "announcements,", shareholder alerts, and PRs provided just enough hope to keep me on the hook. I provided the remainder of my EDIG confidence with self-delusion borne out of desperate wishfulness that I had not squandered the equivalent of my son's college funds.
$250k+ is a lot of money and represents a huge breach of trust on the part of people who looked me in the eye, shook my hand, and vowed they would take care of the EDIG shareholders. I thought I could be part of that vow, that trust, and make some sort of contribution to a group of people with whom I had bonded. In hindsight I see that I was probably desperately attempting to do what I could to recoup my losses, but even more importantly, to prove that I had not been wrong in my investment. If I could out-message, out-argue, out-SHOUT, and belittle all those who tried to show me the light then how could I possibly be wrong; how could EDIG NOT come through?
It takes a special kind of person to trade on other people's misery and steal their money. It takes a special kind of person to artfully craft statements such as those promulgated by RP and team. And it is a sad thing that so many of us believed in what he said. And the statement about his relationship to Woody is just one more example of how he did it. It would only have been better if he had said "I BELIEVE I am not related to Woody via blood or marriage." Nothing funny about Putnamese.
LL
I already made my point.
LL
Typical RP email which can be read multiple ways. All it says is AT THIS POINT IN TIME he is not related by marriage. Is there some substantiation that he has NEVER been related by marriage?
LL
DEFINITELY.
LL
kool,
This is a LONG process and EDIG is paying for this out of their own pockets (or OUR own pockets) - not contingency. So I agree with you that as a procedural matter the game can continue, as a practical matter it could be a different story.
Given that this is the ONLY iron in the fire, it will be interesting either way.
LL
Great idea - I'm sure there will be enough to annotate Proust's Remembrance of Things Past with a fourth volume.
LL
I like the fact that you put "invest" in quotes. This was a quarter million dollar lesson for me.
LL
Never - if it "pops" above a dime we will be lucky. My cost basis is somewhere between .40 and .50, so scant celebration frtom me for a "pop."
LL
Kool,
Cassandra is more correct about this than are you. One thing I have learned about Cassandra through the years (though I often times did not like what she was saying). She is overly diligent in her research and has amassed a considerable amount of knowledge in this area. She's been telling it like it is and calling it correctly re EDIG for at least 10 years.
And, as I said, I think the complexity of the ruling will be a hurdle for anyone attempting to challrenge it.
LL
Justin,
I feel ya.
LL
Kool,
I agree with some of what you say and this is not the strongest judge I've ever seen. However, bad law is still law and has precedential (sp?) significance. And I don't think this was necessarily that bad on opinion. The complexity will make it harder for another judge to assess and go in a different direction.
More importantly the scope of potential infringement has been narrowed considerably (see Cassandra's post) and it is questionable to what extent monetary value can be assigned to deendants at this point if a positive re-exam comes our wayu.
I am not an expert on re-exam but did run a group in a large company which digitized and sold file histories/wrappers (largest digital database at the time) in addition to a wide array of IP products and services and officed across the street from the USPTPO, so have at least some experience in the area. I think EDIG is on shaky ground at this point and it will become harder and harder.
So, assuming we prevail on re-exam I think there is considerably less remaining in the pot at the end of the rainbow for us to get excited about.
LL
I think you are correct. I was referring to Woody's attempt to reconcile his original description with his current description in an effort to keep it alive. I don't believe he described the patent in the terms you use below in his original interview - but I confess I have not spent a great deal of time on the subject. Nor do I have the adulation for all things Woody that many of the true believers have - he's in it for the money.
Re y our last sentence, the markman, and the prior art - I agree completely and think it is dishonest of Fred to imply that there will be a successful round of litigation following a validated patent. But it has been dishonest of EDIG to issue virtually every piece of news or update that they have ever issued.
LL
I think it is 50/50 but they have had to alter their claims to such an extent that I think the value for litigation purposes has been considerably diminished.
You are right about the lawyers - they are IT prosecution experts (or so it seems) and hopefully they will accomplish something. Off to take my 5 year old to TBall practice. Yahoo.
LL
No, I think F Troop had a better QC process in place. LOL. It was horrifying. It is in a sense indicative of the process in the re-exam. They had to attempt to engage in revisionist history to try to retain their ownership/rights just like they are doing with the USPTO.
LL
Oh, I understand what you are talking about. I was thinking substance, not the company's business acumen. You are 100% correct. It was a disaster.
LL
1. I'm not sure what more I can add to what I wrote. If you want to email me you can - lawyerlong@yahoo.com.
2. I can say with certainty they will not deliver a product, though I am sure I will be challenged on that statement. Let me go ahead and provide some grist for the mill - "Please substantiate your comment that they will not deliver a product - can you foretell the future?" LOL. In a word or so - "yes I can when it comes to EDIG."
As to the NDA and the IFE litigation, maybe I'm losing my chops but I can't see any way that is relevant to present performance, whether it be post-re-exam or, cough, product related. But I'm always interested in new schools of thought.
LL
I appeal to the posters with deep EDIG knowledge and who have true concern for the shareholders of this "company" to help keep this board on the path that Cassandra, Murgirl, and others have blazed. Let's keep our posts about the company and the management and our (current and/or former) investment) and not about moderators, board policies, niceties, and irrelevant time-wasting comments about secondary and tertiary topics.
Just my opinion.
LL
Did I miss something? Is there information on how the "Nunchi" technology is developing? That's exciting news.
LL
I suspect RP left because he knew there was nothing more he could say about elements, investment funds, etc., WITHOUT getting into legal trouble. Markez can tell you that he has been on thin ice with the SEC before. He should be in jail in my opinion and, who knows, maybe he still has a shot at it.
LL