Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
It does sure seem wrong that all the EDIG players could be involved in this company they are in back in 2016 while still involved as EDIG employees. ESPECIALLY if they get into the same "business". Maybe that is why Mary Fales left. I am sure they probably covered their tracks legally since you have Poli(s) (it was possibly misspelled in the Cali filing so it might not in fact be Eric Polis but some guy named Eric Poli), Warden, MarDEE, Packer, Cocomelli and Falk all involved. Basically it looks like the EDIG shareholders got dumped left holding an empty bag. To me it looks like they started a new parallel company which might have a license for all EDIGs patents while getting rid of all those pesky shareholders! It might very well be totally legal. In my opinion!!!
Nunally's twitter feed sure seems to hint he is thinking of trying to resurrect the EDIG junk. The problem is THEY NEED MONEY. Who on earth would pump good money after bad into this POS! Nunally is perhaps a quack who writes junk method patents seeking money from EDIG shareholders to pump himself back up. I would not trust him! In my opinion! Below from his twitter feed:
https://twitter.com/nunally?lang=en
Patrick Nunally? @Nunally 22h22 hours ago
More
To colleagues that have taken care of themselves alone - there are others standing by to right the ship. Stop fighting us and let us fix it.
Patrick Nunally? @Nunally Sep 12
More
Like we haven't been Zombies for years. I think we can do better.
Patrick Nunally? @Nunally Sep 7
More
Tomorrow night we'll have their opposition ...
Patrick Nunally? @Nunally Sep 6
More
I assume a vigorous defense is being concocted to protect the few and destroy the rest of us. I for one will not go quietly into the night.
The problem is EDIG is still broke according to the bankruptcy filings they have about 60k. Is the bankruptcy judge going to pump money into EDIG to bring it back to life? or approve a chapter 11 reorganization done by who with what money? Did Falk make them broke or were the lawyers that worked for them simply not able to extract any more decent settlements. My guess is they made sure they are legally in the clear. Hard to tell at this point but I do not see EDIG coming back unless maybe somebody like Nunally submits a reorganization plan and they maybe try to sell those 50 million shares which are outstanding but unissued by EDIG. What person in their right mind would buy them? Maybe the other board folks. You would have to trust Falks implied potential in the value of the patents. I would NOT! I thought they were BSing the potential for years. In my opinion.
If it was just Falk I might think it possible he did not get a lawyers advice or good advice if he did but with so many of them involved in Illia Technologies you know they must have made sure it did not cross any LEGAL boundaries. Of course it may have crossed moral or ethical boundaries. IN my opinion. Sure seems to stink especially if they sold themselves a license to all of EDIGs patents and seek to engage in EDIG like tech! In my opinion!
Oops! Mr. Falk did start Illia Technologies. Their articles of incorporation filed 6/2/2016 say "Alfred Falk" is the "incorporator" (I am assuming it is the EDIG Falk and not some other Falk). What is odd is all the EDIG people are listed on a subsequent "statement of information". Cocomelli, MarDee, Renee Warden, Eric "Poli" (I think it is a typo and they meant "Polis"). They were listed on this document filed Sept 6 2016. So it looks like they all were working on this "side" venture separately from their EDIG "jobs". If they get into the "water thingee" biz or something like what EDIG was claiming to try to be doing how can that not be a huge conflict of interest? I imagine they probably made sure lawyers reviewed things and are in the clear legally. Still is sure seems odd. If EDIG shareholders were to have any benefit from it I imagine EDIG would have had to file some disclosure with the SEC.
IN MY OPINION!
You can read the articles of incorporation here. Search "Illia Technologies"
https://businesssearch.sos.ca.gov/
Mr.Falk.got.a new.job at "Illia".he.did not start.the company. Why cant Mr. Falk simply get another job nothing wrong with that.
Mr. Falk.landed.on.his.feet! Good.for him.he built.EDIG up into the intellectual property gem it is today with over 1 dozen patents issued! We all know patents mean big MONEY! So he goofed with the chapter 7. ONE mistake in an otherwise successful near 20 years of dedication to shareholders wile at EDIG. Once EDIG converts to a chapter 11 and reorganizes with possibly DOCTOR Nunally the inventor at the helm the sky is the limit! Time to dust off the rally monkey! In my opinion!
IF.folks.ask Mr.Falk.NICELY.maybe.they.can be investors.in.his new company! Just don't act sore about EDIG which appears to be doing just fine as the stock surges forward. The chart gap just might fill today which would be a monster gainer. Then if EDIG can start cranking out the PRs again the results could be spectacular! Many EDIG shareholders are on the sidelines waiting for a glimmer of hope to buy shares with both hands and never let them go! This is fertile ground my friends! In my opinion.
Good to see.these.lying.bottom.dwellers go down soon! That stupid article says EDIG had tons on munny....as of Dec 31 2016 financials! Now they are broke. Falk walked away legally and the shareholders are DONE!
Possible Google.or.Apple EDIG.buyout.or.merger? Hey.ya never.know!!!!
Anything is possible with EDIG. Its good to see Mr. Falk landed on his feet maybe a merger with his new company? YA GOTTA BELIEVE! EDIG is up almost 80% TODAY on YUGE volume! The train is leaving the station! In my opinion.
EDIGs.CEO.is irrelevant.the.patents.are JUNK and not defendable in court beyond extracting some very small settlements as demonstrated by YEARS of financials. The lawyers might have been working on EDIGs behalf but they were not EDIG employees and worked to extract the maximum they could in settlements as part of their compensation was based on a % of the settlements. Fred Falk did a darn good job bluffing shareholders that there was greater value in EDIGs patents than there turned out to be.
EDIG should have been gone after they lost the Markman ruling on their flash memory main patent in January of 2011 but Fred Falk came up with a new "business" and technology to keep them paychecks a coming. Be happy for himself the EDIG employees, lawyers and financiers as the real investors in EDIG did quite well.
Maybe EDIG converts to a chapter 11 from a 7 but an actual plan of reorganization would be required. EDIG would need financing and so on. It might not be a bad risk to buy a few shares to see if that happens. The EDIG longs would go wild once again buying and holding shares. MAKE SURE YOU SELL THIS TIME FOR GOODNESS SAKES if that happens. The bankruptcy trustee only said a chapter 7 might not be the way to go as there are not much in the way of creditors and not much to liquidate to pay them. I do not know if this becomes a case where there is a simple dissolution of EDIG or if somebody needs to step forward for a chapter 11 or if it goes to court as Nunally is fighting for the patents and claims they have minimal worth without him.
In my opinion.
EDIG did not invent flash memory just a way to use it with only a minimum of RAM resources which were extremely expensive in the late 1990s and EDIGs solution worked only with a certain type of flash memory called NOR. EDIG was getting a lot of legitimate attention back then from real players. Unfortunately for EDIG RAM got way cheaper and NAND flash memory ended up getting used. EDIG sure had patents and there were certainly lawyers around who would sue and be paid on a contingency fee arrangement but EDIGs patents were for nothing the industry needed any longer and they were dumped. EDIG has been just a pile of BS ever since. EDIG was a pretended after they were dumped for years buying flash memory players from other companies and slapping their brand on them and developing a few hard drive players.
Flash forward to NUNCHI EDIG portrayed themselves as owning the entire technology of using sensors over the internet to inform decisions. Very broad and not likely as years of lawsuits proved. Just as it was shown that EDIG did not invent the flash based music player so too did they prove to be full of BS with NUNCHI. But hey they made an entire career out of it so good for them! The company is out of business with no employees or board members and folks still believe in their BS!
In my opinion.
The.momo.play.may be real but EDIG.is.junk as an."investment". "NUNCHI" has been around since 2011 and not one legitimate tech journal wrote a word about them. If the "technology" was so valuable then how come it went completely unnoticed?
The only thing I ever saw about EDIG other than as a PR from them or a message board was from a stock tout website called "SeekingAlpha" that accepts articles from anybody and decides which ones to print where a 20 year old kid who bought into every PRs claim from EDIG recommended the stock BUT only if the financials proved their settlement with Apple was not a junk nuisance value one. Sure enough the financials proved the settlement was likely less than $100k. We never heard from the kid again. A settlement is not a "win" regardless of what you may think. No PR was allowed of course in the Apple case because I assume EDIG would have wanted one. Settlements happen because lawyers cost hundreds of thousands over time.
The lawyers were independent contractors paid partially on contingency fee and you think they would not have sucked more money out of EDIGs patents if they could? Do you actually think the lawyers are in on some conspiracy to dump EDIG into chapter 7 so their valuable patents would be scooped up on the cheap? If they were valuable they would get auctioned off to the highest bidder. The bankruptcy trustee said EDIG had tried to sell their patents for months before bankruptcy and got no results.
EDIG is a legitimate play based on momentum trading but that is it!
In my opinion.
SO all.you.did was.cut.and.paste.EDIGs.and the NUNCHI logo.onto a stock.image.Mexican.type hat? I guess that is more work than most folks put into EDIG and their "pattens".
EDIG.has.60K.in cash.&.about.130k.in liabilities. They have almost NO recurring revenue and are totally dependent on deals with lawyers who need to be paid to file lawsuits to obtain nuisance value settlements for their revenue. EDIG has no products they sell. Dissolution makes the most sense. EDIGs only hope to continue being able to file nuisance value law suits and get tiny settlements is to sell their 50 million authorized but unissued shares. I think many of the current long term shareholders could be induced to buy those shares as they absolutely believe EDIGs patents are worth millions if not billions. Either that or outside financing but that seems unlikely. I am certainly not against making money on the momentum but sticking around for any results with EDIG has always been a losing proposition. In my opinion.
Fred &.EDIG.ALWAYS.exaggerated their.potential. Sure.the.NUNCHI patents COULD be world dominating but they were not as evidenced by what companies were willing to pay for licenses. I got a chuckle out of the trustee saying shareholders had written to him that the NUNCHI patents are worth millions when he could find so such evidence.
None of this means the momo traders can't pump up the share price over 1c.!
Just make sure to get off the EDIG cho choo this time.
IF you.drew.the.hat.yourself.its,ok. I assumed.you.used.a stock.image.and cut and pasted the EDIG and NUNCHI logo on.
The.judge.said.NO.LAWYERS.AND.THE.CASE.IS DISMISSED.SEPTEMBER.14TH!!! LESS THAN 12.DAYS.FROM.NOW. Its over folks. No lawyers appear to be willing to take PTSCs case probably because they know they is no way to win against the fatal markman ruling. IMO that is why all of their lawyers filed to quit the case. PTSC only got out of 1 of the 2 fatal interpretations of this ruling changed. That is why the appeals court judges said the ruling would not effect the outcome. The district court judge will simply follow their opinion as it is LAW. You lost. It is over. The german currency arbitrage situation (it is some kind of scheme in my opinion to take advantage of differing US EURO exchange rates) is no help to the actual share price in my opinion but it can allow you to sell for a good price. It is over folks take the penny a share before it goes to zero. IN my opinion!
There was this guy, mR "dandiamond" that I tried so hard to help back in the day but he would not listen! He lost all his money. A true sad sack. He left the stock broke. Try'N to help the peeps!
There.is.still.YUGE money.to be.made.on.EDIG!! The stuckholders are buying with both hands and the momo players have moved in! Make sure sell the pop! Don't be played forever. EDIGs patents are junk else Falk and the lawyers would have kept playing them. In my opinion!
DISCHINO-You must know EDIG is done. If Fred and the ever money hungry lawyers could have played the patents into more money they would have. They have been playing that game to their own enrichment since 2008. If they have some other motive to say sink EDIG with bankruptcy and scoop up shares on the cheap only to build it back up again then that would seem like some kind of fraud for tanking all those EDIG shareholders. I am sure it would get litigated by some money hungry lawyer if EDIG got rebirthed to riches. Anywho I think it is momo players making some coin off the backs of shareholders faithfully averaging down yet again that the players know will loyally hang on to the shares no matter what to back stop their trades. I would make sure to trade the stock on the gains. They may seem like little for those stuck at a $1 a share average but it is big money compared to what EDIG is actually worth. IN my opinion.
Those.momo.traders are.smart!They.know EDIG.longs.are.averaging.down.yet AGAIN! and.will.not sell no matter what! They still totally believe in EDIG even though they hate Falk who sold them all the lies about the patents world dominating potential! It should backstop their trading. IN my opinion!
EDIG.shareholders.always.grab onto any hope...AND.NEVER.LET.GO!!SELL.THE.POP! for goodness sake. Have you learned nothing!
Even the.20.year.old.SEEKINGALPHA.KID.knew.to.stay OUT.OF.EDIG until they actually showed concrete financials results. A lesson to us all from the young.
What now? This.junk.will.need.a.cash infusion if it gets out of chapter 7 because lawyers and peeps to "run" it do not work for nothing. I would expect Nunally as the "inventor" of the easily worked around junk patents will need to lay out an optimistic plan to get folks to pony up some cash to keep the junk bus running. If he does round up some cash I would make sure to sell on any optimistic buying! Still a chance to make some coin then as long as people do not actually try to stick around this time waiting for any results. In my opinion.
He.achieved.his.goal! Riding.this.junk.to.retirement. Be happy for him! He provided well for himself and his family. Like a vampire sucking on the dreams of overly optimistic investors. They even made a "Nunchi Hat". Shareholders seemed to be the only promotors of this junk because, other than THAT 20 YEAR OLD SEEKING ALPHA KID", I never heard a word about it on the internet other than the message boards since it was introduced in 2011. IN MY OPINION!!
Six TENTHS of 1 PENNY! ITS OVER FOLKS! The stock is not even worth one cent. Why stick around for the inevitable case dismissal and bankruptcy? No lawyer is going to take their case and I suspect this is because they cannot find one who can honestly say they have a chance in hell of winning. In my opinion.
JUDGE.SAID-NO.LAWYERS.BY 9/14 CASE DISMISSED!! PTSC.has.never.failed.to fail and I suspect they cannot find lawyers willing to take their case. Oh and they are running out of money and bankruptcy cannot be far away. I expect PTSC will miss the 9/14 deadline the judge in the case set for their new lawyers to appear (if they even bothered to read the legal filing and know about it!!! They are incompetent!). Not only did PTSCs lawyers all file to quit the case at once but now they cannot seem to get anybody to represent them. If those are not bad signs I don't know what is! Sell ASAP my friends. Try EDIG it looks like a better speculative bet. In my opinion.
I think.fReD.knew since at.least.2002.that EDIG was total BS! I think he thanks his lucky stars that the company hobbled along this long essentially based on hype losing money almost every single quarter. No one will be able to prove what was in Fred's head but anybody should have known after the last financials were filed that EDIG only had about 360k in cash as of Dec.31 2016 and about a 110k a month burn rate. They actually should have run out of money in March or early April but the few settlements must have brought in enough to keep them hobbling along until July.
Of course the legal cases were dismissed at that point! It was not a conspiracy to sink precious "valuable" EDIG. EDIG could not pay their lawyers to continue litigation. EDIGs garbage patents simply could not troll enough money out of target companies to sustain the effort. I am sure the companies they were suing read EDIGs financials and knew their burn rate and that they would be bankrupt shortly. That probably did not help their negotiations.
In my opinion!
EDIG.is.insolvent.they are.done.FalK.is not coming.back.and they.have.no money. There patents are WORTHLESS. They tried to sell them according to the bankruptcy trustee and the only offer was 10k from Nunally. Only fools would pump the money back into this junk to float its miserable corpse back to life to torture them some more. No money is pending to come into to EDIG. Their patent troll play is done or surly the money hungry lawyers and leech EDIG employees would have continued to string shareholders along as they have done forever.
It would be entertaining though to see them try to prolong their suffering. Why are EDIGs patents so valuable? Because they said so? Snicker. They are flim flam artists who have exaggerated their potential forever and always come up empty! It is not fraud it is simply playing naive overly trusting folks for all they got. Suckers. In my opinion.
Sure but that was 2 months before the bankruptcy happened and legal cases were still pending that COULD have resulted in money to keep them going. I am sure their declining cash position probably did not help getting those settlements. Falk could have legitimately HOPED things would still work out at that stage. That does not make him guilty of fraud LEGALLY. I absolutely wish it would because I think EDIG is scum who have played shareholder with false hope for almost 17 years! I think it is better to just let this monster go because it cannot be caught and will only catch you/shareholders more. They were full of junk forever. I think they should be in jail but technically I think they made sure that could not happen with their vague forward looking statements probably vetted by lawyers first. MORALLY they should go to hell. Sad but probably true. In my opinion.
ram- I KNOW it sounds very positive but that is what EDIG has always done. They HOPED and EXPECTED it would work out and it did not. Their defense is simply that they had bad judgement and ran out of money. Even if the Chapt 7 does not go through they are still insolvent with 60k in money and 136k or so in obligations according to the bankruptcy trustees most recent legal filing. They are still broke and any kind of reorganization will require people who will want to be paid. Maybe Nunally can take it over but he will still need money. EDIG has 50 million authorized but unissued shares they could sell to raise that money but who would buy them and how much would they pay? It would take some serious person with money to show interest to get anybody else to pony up in that case. Then there is the issue the trustee mentioned in the filing of a contested patent ownership between EDIG and Nunally which might have to get fought out in court taking more time and money. I think it is hopeless and the patents have questionable value at any rate. Most patents issued are actually worth nothing because nobody is willing to pay anything for them. There could be some opportunity to make money on the stock because most people do not bother to read the legal filings and maybe it doubles from here based on the optimism. I would use that possible outcome to sell. In my opinion.
ram- That might happen if anybody has the money to take them to court. Unfortunately EDIG was always very careful to say they only felt the patents had "value" which they did only very small. Shareholders imagination took off from there to assume world wide domination. In my opinion they are in the clear legally.
So Zack made that video using Simbrisks pathetic floating image to the woeful rendition of "somewhere over the rainbow"? I though the image of Fred Falk blabbing his BS while he hovered up more and more money must have stung as it was so true to the reality. In my opinion! Where is that video it must still be out there.
I lost a bunch of money on.EDIG.back.in the day and stuck around to see how this BS played out. I still cannot believe they were able to string shareholders along with implied potential even to this day! You still believe the value EDIG implied in the patents obviously! Sad. READ what the bankruptcy trustee said in the legal filing. EDIG is basically too broke to pay the trustees their fee to even do this chapter 7 work so the trustee in the filing is bailing! The law is expensive he noted. In my opinion! If there was any remaining value in the patents the money hungry lawyers EDIG employed and the remaining EDIG employees would surly have sucked more out. There was simply none left. In my opinion.
Basically.EDIG is too broke for chapter 7 because it has no assets or money to pay for the administrative fees for chapter 7 and the trustee thinks it is more suited to insolvency. The.trustee.also.addresses.other issues of interest!
EDIG is going to require a cash infusion to ever rise again and it would be very entertaining if current EDIG shareholders put up a bunch of money to keep this junk lurching along for another few years!
IN my opinion!
From the Bankruptcy trustee filing!!!>>>>>>>
EDIG shareholders either simply believe all patents hold huge value or they still believe Falk's grand claims of world domination by EDIGs "foundational" patents. Below with my bolding is what the trustee said:
14.The competing ownership claims and the question of Dr.Nunally’s continued involvement aside,of greater relevance to consideration of the merits of administering the patents is that the Debtor’s patent portfolios do not appear to have consequential value in relation to the anticipated high cost of administration of this corporate chapter 7 case. Debtor’s former officers testified at the initial meeting of creditors that they attempted to sell the patent portfolios, with the assistance of an outside broker,before the decision was made to file a bankruptcy petition and their
sale efforts were not successful. While this outcome is antithetical to the views of some shareholders who contend that the patents are worth millions,it is quite consistent with Debtor’s market determined,pre-petition stock value,which was measured in pennies for many years before the bankruptcy petition. [SeeExhibitC]. The objective market evidence indicates that the patent portfolios are of questionable value,but in all likelihood,very little realizable value.As further proof of the nominal value of the patents,Dr.Nunally has presented me a written offer to purchase the patent portfolios for the grand sum of $10,000.00. [SeeExhibitD].
If.folks.actually.read what.the BK trustee.said!!! They.would know EDIG.is still.done! IMO.
Simbrisk.made a.great.video.of the.EDIG.folks vacuuming.up.all his. money.back in the day! He was prophetic!
The.pattens.the.pattens! tteddy.may.not even.know.what.they.are.called (PATENTS!!!) but he aint giving up! Some folks actually still believe EDIGs junk easily worked around method patents are not just a way to lure investors into this junk finished bankrupt stock! The pattens served their purpose to get people to buy and hold their stock. The true investors were always the financiers and few employees who made an entire very successful career out of it. Be happy for them they were successful! IN my opinion!
"I don't care what the price is someone is buying. That means someone is accumulating the stock. Sell if you want just to ease the mistake you made but for me I don't need the piddling I have been left with. I already drowned and bailing out woun't mean a thing. I just hoe that the theives get caught and go to prison."