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I would surmise that the weight loss goal is more readily attainable than the purported Munchie efforts. It will go down in EDIG history as the most talked about, least acted-upon, carrot ever held out there. Much of that has to do with the fact that Fred lacks the sinister slickness of his PR predecessor.
LL
Sorry Danel, I forgot you, WSJ and others who bring a rich and historical perspecctive to our discussions on this "stock".
LL
"Breakout" Board - *Rate is the change in posting activity in the past 24 hours vs. the average from the prior 7 days.
More posters have felt free to express their disgust with management and with EDIG's future prospects during the past 24 hours. That's the great thing about iHub - it's not a board for those who wish to sweep the dirt under the rug - here we can get our hands in it and take a close look at it. With knowledgeable posters like jtdiii, MH, Never, Murgirl, Markez and Cassandra, it's definitely the place to be for truly informed commentary on the company, its history, and its prospects.
The primary rule here is just don't attack other posters personally and one can say what one wishes. Ain't it a great place? So I would say the "breakout" board reflects more of the "breakdown" of EDIG than anything else, and the freedom of posters here to express their feelings about it.
That's my comment.
LL
Never, Very well put. The EDIG methodology is to state things in neutral terms that can be interpreted according to the predilictions of the reader. Most of us realize that there has NEVER, with the exception of the blown opportunities with Digecor and the early music devices, been a single utterance from the company that came to fruition.
Nor will there ever be going forward.
The only ones to profit over the past years and in the future are DM, the big lender/shareholders like Polis, and the insiders. The regular shareholders are outsiders.
LL
As were many more of us John. Well said.
LL
MH - guess what? They DID! LOL.
LL
Remember when Ernst and Young left - ever wondder why?
LL
It would be great to know what/who this technology plans to competee against and what the differentiators are that makes it better. It would also be great to hear how a seven person "company" plans to fund such competition.
Mid-may. I'm waiting - LOL.
LL
To my KNOWLEDGE they did not look for such a deal back then.
LL
I think we already know the story and the outcome. But if you want to draw a line in the sand at mid-may I think I can wait til then to hear any new opinions. And to see any new results.
LL
"If the company did not have the funds to hire a legal team what other path could they possibly take? "
Contingency fee agreement.
LL
These are non-issues and were "examined" in detail prior to entering into the demo and RFP process.
LL
I wouldn't have gained a penny other than via the stock that I already owned. Any insinuations to the contrary are incorrect. I had no contract or agreement with the company. I consider that a personal attack. And I think there are plenty of other critics of the company.
Let's let the CEO, who could provide no explanation for the failure to put up a bond, and the PR, which touted the successful trial and the impending "volume" sales into the hospital, be an impartial commentator. He was appalled.
The company went into this with eyes wide open and with a full understanding of the terms. The RFP spelled out the bond requirements and and all other aspects in detail - the company filled the RFP our with our help with eyes wide open.
As to decisions made by the company - these were decisions made by one person, RP, at least according to the CEO. The company invested the time to send Fred, Will and the senior engineer to Colorado for a full day of demonstrations to the hospital director. I spent my own money to be there. In fact, my partner and I spent our own money all the time to be there, St. Louis, Chicago, San Diego and elsewhere. We epxected nothing from EDIG nor were we ever promised anything. We were stockholders.
We also set up multiple other meetings and providers for them to meet with and they just failed and refused to do so. The company had a different agenda than to be a sales and service company - all the IFE sales were "opening" orders - maybe 5-10 units. They had no intention of spending the money required to make it a real company. One can cast aspersions and denigrate the efforts of those like myself, but that flies in the face of what the company was telling us repeatedly via PRs and phone calls. Stacks of contracts, big OEMs, etc, etc.
The questions raised by your post are red herrings at best.
LL
Keep doing your research - this is all ancient history for most of us.
LL
kool,
You are talking about 10 years worth of posts and information. Sorry. The NDA and all relevant information on the Wencor/Digecor papers has been posted numerous times. I think I have some copies of this stuff but am not going to dig around for it. You are going down well traveled roads and revisiting a lot of past history - perhaps you are beginning to understand some of the "haters."
See this for more on Wencor litigation - some of the poorest lawyering on EDIGs part I have ever witnessed. Lawyer IT guy was named Rich - I met him several times at EDIG headquarters.
http://en.wikipedia.org/wiki/DigEplayer
You can also go back through thousands of posts on Agora or RB to see more about the travesty of this litigation in which EDIG literally signed away the rights to their ownership of the digeplayer.
This is just the tip of the iceberg - one of scores of "projects" or "partnerships" or "opening orders" or "volume sales" or "stacks of contracts" or "billion dollar OEMs" or "Nasdaq elegibility" . etc etc that defined EDIG's business practices. Markez can tell you more about whether they have ever been investigated but the company, via its mouthpiece RP, always walked a fine line by putting in safe harbor statements and terms such as "believe" and "expect" into their public statements. What they told shareholders "off the record" was much more misleading.
One CEO asked me if I thought they should amend one of their PRs about successful hospital trials and "volume healthcare sales" - I thought it would hurt the shareholders if they did.
LL
You are incorrect that there are two types of posters. There are many in the middle. I don't hate the company - I've had far too many investment experiences and business ventures to be other than realistic about it. I do think Robert Putnam is a crook and I know for a fact that Fred has not a shred of business acumen. Did you read the NDAs and other documents with the company in Utah for whom we were making digeplayers - amateur law at best. Did you know their inhouse counsel was also their IT guy?
There was no performance bond on the RFP - it was to be put in place for the winner of the business. It was a standard performance bond, not onerous in any sense, and if EDIG was going to be selling "volume sales to healthcare" as they touted in their PRs, it was an inherent necessity for doing business with any large entity. If the CEO at the time says he was "flabbergasted" that EDIG refused and gave the business away that should tell you all you need to know.
There is no excuse for the business approach taken by this company other than that which is set forth on this board over and over again.
I have scads of data on all these deals and others, but I'm not going to make them available to you. You can choose to believe my completely objective business opinion or not. I've run businesses and business segments much larger than EDIG ever was or will be. I was a sheep like many other when it came to investing - sometimes those sold most easily are those who know the most about it, unfortunately.
LL
You think this board has haters? You are possessed of far too few facts to judge these posters. They are almost jovial at this point in the game.
When edig's wireless EVU (yes, there was one and I have e-collateral) beat out either IBN or MSFt (maybe both) to make the final pair in an RFP (I have that as well) for a 400 bed children's hospital. RP turned down the opportunity by refusing to put up a $1M performance bond - not $1M, just a bond.
The then CEO was "flabbergasted" and left soon after.
The cardiac ward deal was with a major midwest hospital - edig just never returned the requests.
The naked edig has 7 Million stories. You have just heard 2 of them. I've got 30 or 40 more. And yes, I was there in person, putting my own money on the line with another shareholder, now my son's godfather.
Last night we were revisiting the salad days talking about my current software company which runs on Hadoop. We decided edig should run on a scaled back version and just call it "doop." Get it?
As Elvis Costello said "I'm not angry . . . Anymore."
You're just late to the party KooL.
LL
One of my "scouts" spent some time in Ferguson's office and saw some names on his whiteboard (I think this was where the American Airlines "test" came from ) which he quickly got up and erased.
Another instance (like Trillium's posts) "It was more about what he didn't say than what he did say." LOL
What fools in paradise we were.
LL
He wouldn't even take my call. The cardiology unit of a major midwest hospital is probably still asking for the 25 evus they wanted. And the artificial spine company would probably still use the wireless prototype at the biggest medical device show in america. Oh wait, we told them NO.
LL
We forgot emails, as evidenced by the message to another shareholder. VERY important part of day - reading message boards and answering emails.
Hi Fred,
Given a positive result from the reexam process, what is the company strategy, resuming the previous strategy by filing a round 3 of infringers or going back down the Markman path?
Thanks,
Dean
********************
Hi Dean,
As I indicated at the shareholders meeting, given a favorable response from the patent office, the plan is to initiate the next round of litigation.
Thanks,
Fred
LL
C - Seriously, you are correct.
LL
Yes - and nice lunches - I've had one with him that was catered in and one at a very nice local restaurant. VERY important part of day.
LL
Whatever happened to the stock being at .05 and what a great thing that was. Oh, it couldn't have been that someone was really selling that day instead of buying could it?
LL
He goes mountain bike riding every afternoon. Fact.
LL
Oh, so they are down to 6 employees now?
LL
Well put.
LL
All the facts would support your conclusion.
Although Putnam kept it alive, Falk was just the second banana.
LL
I thought it was because of his father's relationship with Woody. He's also an exceptionally nice guy, outgoing, always positive, and (on the surface) well-intentioned. However, he couldn't have taken more than a few months at most to understand what a shell game RP and his predecessors were running, so no heart of gold there.
LL
Just reading some other Boards - glad we are going to finally sue apple and be mega-rich after all these years. I'm looking at my MacBook Air to see if it says "Edig Inside."
LL
When the stock drops on small sales at the end of the day it's just the MMs or something like that, no big deal. When the reverse takes place it's all good.
Someone moved about 400k of shares at the lower number. Though the PPS is now .05, do you think Murgirl or I could sell all our shares at that number? I suspect it would quickly revert To The lower number. So it is meaningless to me that the PPS went from .04 to .05 in the last 90 minutes on small volume. It's what I can sell it at that matters.
It doesn't matter where the PPs ends up daily, it's. What we can sell our shares for that counts.
And I was not thinking clearly when I wrote how could anyone think this is a good day, obviously. But it was a quick response, no question about that.
LL
That's pretty "substantiating". Of course, it's the same thing that's been going on ever since Polis dropped his position and Putnam beat feet out of town.
How anyone sees this as a good day just because a handful of shares. Were traded higher after 2:30 is beyond me. But no more ludicrous than we are suing Apple.
LL
Never,
Wouldn't be surprised. It is a trick, I mean, a methodology which has served EDIG well for more than a dozen years, since well before the outrageously untruthful PR about "believing" they qualified for Nasdaq.
LL
$487 in shares traded today. Isn't that a record? And that in spite of the fact that Fred is doing all he can to keep shareholders informed about the bright future of EDIG.
LL
This board is as moribund as the stock. Oh, wait, that's WHY the board is dead. Cause and effect.
LL
We are on the same page. No doubt.
LL
I see that we are now "inside" SanDisk" and the future, at least by virtue of reading other boards, appears brighter than ever. Thank God. We won't sell my current company for at least 2-3 years and I want to retire before then!
LL
Sorry for all the posts - I finally broke down and bought a new 11" AirMac. Never owned a desktop computer - even my first computer in 1990 was a "portable" - size of a sewing machine and no hard drive - a DG1, anyone remember that?
Got to say, this thing is a work of art technologically. Must be because EDIG is inside, right? Solid State hard drive, boots in 20 seconds, fast as lightning, even with my Verizon MiFi instead of a network. Quite impressive and even the keyboard is about 10 times easier to type on. I'll never have an iPhone, but I think I'm a "switcher" on the computer (that's what they called me at the store).
I think we will it it BIB when we sue Apple. There's a bone for my main man.
LL
I was going to post - we've already been there and done that - but you beat me to it ha ha.
I wonder how the off site meetings with all the very interested potential partners went at CES - has anyone spied any Munchies running around loose in Best Buy? I'm keeping my eyes peeled. Maybe I'll have a better shot in San Diego at the Zoo.
Lunch with Shamu, Munching with Munchie.
LL
EDIG's only chance to ever see .10 again is if the re-exams are successful and some quasi-legitimate litigation ensues. However, given the results of the first two rounds, it is hard to see any competent defense counsel making an offer of settlement, and given the marksman ruling, I can see no grounds for winning such a suit unless the re-exam dramatically alters the scope of the patents.
Then of course, another marksman would be in the roadmap toward completion of litigation - so that would be another two years.
Bad news for us, great news for EDIG as they continue to have carrots with some semblance of substance, Fred keeps his salary (as long as any money is left), etc. Of course, DM might be re-thinking their continuing on a contingency basis in such circumstances.
LL
Fortunately Fred is continually reassuring us of all the areas in which EDIG is making progress and what we, as shareholders, have to look forward to in the event the re-exam fails.
The very fact that they have kept Munchie cloaked in secrecy while their crack team of 3 engineers strategize with their many partners fills me with hope that multiple contracts will be announced soon. Sort of like when RP kept hinting about the stacks of contracts on his desk to be announced "soon."
LL