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I.got.NUNCHI! Get.the word out! Then NOTHING.from.EDIG! What a pile of junk! What a play on shareholders.
PC-Maybe.somebody.knows something! Better.load.up!!! >>>> To maintain a market in shares of a stock market makers are allowed to do things that regular investors cannot do. Who do you think bought all those shares nobody wanted after bankruptcy was declared? The only reason shareholder were able to sell was thanks to market makers. They short naked short and cover. Probably shorted before the market even opened and covered after it tanked. In return for having powers market makers have to guarantee a market in a stock whereby shareholders can always buy and sell. In my opinion.
Try.writing.the.Dept.of.Justice.and complain.you.did not.get your.guaranteed riches! Anywho EDIG.is.doomed. It.is past.over!
Moo's.time.and.sales.info is VALUABLE.info.you.can get anywhere.TRUE DEDICATION to.EDIG! Very good due diligence.
Remember.all that.great.advice.to.buy more.EDIG.shares? TOTALLY WRONG. Fortunately if people listened to this board that might have had a chance!
I.think.EDIG disposed.of the.storage.lockers.contents only keeping 2 years of EDIGs vaunted history and an innovator in new ways to string shareholders along. They were pros! The company was essentially done after the big tech companies dumped them once their patents were determined to not be needed way back in 2001! IN my opinion.
With.a.reverse.split maybe.EDIG could.finally get.on the NASDAQ! EDIG played shareholders back in the day with their NASDAQ application that the "hoped" and "expected" would be accepted but for which they were missing key requirements. Oopsie guess they goofed. Got some share price pump out of it though. In my opinion.
FALSE!! EDIGgers only.predicted.$7.a.share but.would.settle.for $3!
"Plankton" was.my.favorite.EDIGger! Such.good.due diligence!
You.guys.remember.that 20 year.old.SeekingAlpha kid? He did a great analysis on EDIG and seemed to buy into all their PR hype BUT he was smart enough at that young age to know you need to see some actual results before trusting potential! (unlike some peeps!). He said WAIT until the Apple settlement money showed up in the financials BEFORE you buy! The results never came and the kid ran! LEARN from the kid! In my opinion!!
That 20 year.old.SeekingAlpha kis.was.pretty smart! Even a kid knew not to buy EDIG shares unless they actually solid produced results rather than complete speculation.
Oh.no! What.will.become.of the PATTENS!!
Thank.GOD "Moo".is still.coming thought.with.that ever.valuable.time and.sales info!
PC-They.were.more.EDIG carrots.to string along.shareholders.like all their other carrots! Similar to the "prototypes" that never amounted to anything or the water thingee! It is not hard to get a few over the hill guys on the board. The board meets a few times a year and EDIG always had a good BS story of world domination. They were patsies in my opinion! EDIG is done. At the end they had no money, fRed, Ms. MarDeE some part time guy I think and Nunally cranking out his easily worked around junk patents. They could not even pay for a storage locker! There is simply no "company" to reconstitute and what was there was not much more than deeply underwater shareholders imagination. In my opinion!!
mR fAlK.won the.LOTTERY.in life!He never.even.graduated.those.2 community.colleges from my understanding and became a CEO! He made an entire career until retirement with a matching 401K! The guy is a genius! He has a great talent. Shareholders appreciate that or should because he had the words that give them hope and some entertainment. Be grateful people! In my opinion.
Mr.Falk.kept.EDIG.going since 2006.when.they.shoud.have been GONE and shareholders should be thankful he gave them HOPE and entertainment! They got to watch EDIG every day for over a decade and dream of riches. They should be thankful but seem angry for some reason. Of course it was a long shot so are lottery tickets! Fred and the financiers won the lottery! They got an entire career out of this. Why cant people be happy for them their investment of time and effort paid off! I don't get all this anger. In my opinion!
When.fAlK.said"get the word out"he was.talking.about shareholders.luring.in new.investors! How do I know this? Because there was not one thing on the entire internet about NUNCHI since it came out in 2011 from an independent tech publication or even a blog other than that 20 year old Seeking Alpha kid who advised waiting until the Apple settlement proceeds were in the financials! I assume when he saw the results he ran! Smart kid! Shareholders certainly did help to get the word out by posting about hopes of world tech domination and deleting all skeptical opinion. It just was not enough. In my opinion.
"Falked again".is.what I.used.to.say every time.EDIG.played folks. After SO many times coming up empty on their implied potential you would think more investors would become suspicious of their actual potential but they did not. Instead the skeptics were attacked and deleted without mercy. Now folks accuse EDIG peeps of fraud when all they did was say they hoped and expected things to work out. That is not illegal. In my opinion. Still I would love to see them get fried but it probably will not happen. I am happy to see this charade come to an end. I though I would die first. I expected fReD to retire and hand off the reigns to Nunally or his son if he has one and continue exaggerating EDIGs potential to shareholders kids after they died of old age waiting for EDIG to finally come through. Sadly many shareholders did die of old age and disease hoping for this to work out and their loved ones could have used that EDIG payday to bury them. In my opinion!
IN faLK we trust(TM).Shareholders simply.misplaced.their trust even though it was never actually earned by EDIG in any way based on the results of their implied potential PRs for almost ever. Folks simply trusted the wrong people because they read implied potential as a done deal and now they are angry. Unfortunately investors simply made a bad decision based on their own greed and optimism. IN my opinion.
Just.because.EDIG.issued a lot.of PRs.claiming POTENTIAL.does.not mean.they.committed FRAUD! EDIG only hope and expected things would work out. It was never a guarantee. EDIGs folks will never have any legal trouble all their PRs were vetted by lawyers to ensure they were only hopeful forward looking statements that simply did not work out. They are totally in the clear. Sadly investors were so sold on the potential they got blind sided when it did not work out. Do I think EDIG overplayed their potential? Absolutely they always have and it never worked out. That is why investors should have been wary! EDIGs track record on their implied potential has always not worked out as investors hoped. NOTHING illegal on their part just run away shareholder optimism. Any counter points of skepticism were aggressively deleted by shareholders themselves. In my opinion.
Chapter 7 BANKRUPTCY!
I have mocked fReD fAlK.and.EDIG for YEARS! I think it was obvious from the financials that EDIG was in the less than nuisance value patent troll biz since 2011 when the 774 patent got wreaked by the markman hearing.
I got that uneasy EDIG feeling of being played yet again by EDIG when in December 2011 EDIG put out a PR about their new "Innovations Group" to be led by "Dr" Nunally. This was the day before slickster Putnum resigned and the month before the markman hearing results which ended EDIGs legal case on the 774. The PR had smokescreen written all over it! Basically EDIG tried to argue their 774 patent covered any flash memory device when it turned out it only really covered devices that used a very specific type of flash memory almost nobody used. NOR I believe.
I do not feel sorry for "those" folks over there as they were very aggressive in stamping out any discussion of dissenting opinion. I felt this could have been done politely and constructively but some folks felt having a message board without any negative opinion would help to lure in new unsuspecting investors. With EDIGs long history of coming up short I do not thing they got many.
All above in my opinion.
EDIG has ALWAYS.puffed.themselves.up to look.way.more important than the reality has shown them to be. They have done this throughout their history even until the very end. There is nothing there. In my opinion they are liars but did it legally as they only IMPLIED potential in carefully crafted statements. Shareholder who were desperate used their imagination to create a false hope. fAlK skipped off happily into retirement having made a career out of nothing. All above in my opinion!
frEd fAlK was.pathetic.but EDIGs patents.were JUNK he had nothing to work with even if he had the skills. Sadly folks still buy into his words claiming the patents were foundational and worth a fortune. Still deluded and naive. In my opinion.
EDIGs.failure.was not Falks.fault!The patents.were GARBAGE method patents easily worked around. Their only usefulness was to file nuisance value law suits complicated enough not to fear judicial sanctions. They worked! The financiers got to sell their shares on the backs of naive shareholders forever averaging down and mR fAlk got his paycheck for an entire career! Be happy for him he turned nothing into something! In my opinion!!!
I loved that Simbrisk "somewhere over the rainbow" video they put together showing Fred Falk hovering up all their money with a vacuum cleaner! Great stuff and as it turns out very accurate to the end!
PTSC has NO.LAWYERS=ABOUT.TO.DECLARE.BANKRUPTCY! FACT: All PTSCs lawyers filed to quit and we know from the financials their money is running out. In my opinion the end is very near. Their CEO/CFO has some buyout deal if PTSC gets rid of him where he gets paid a bundle I believe. That money should be the last of their cash reserves. In my opinion! NOT GOOD! I think peeps better sell before this junk goes sub 1c. Try N 2 help!
The.big.surprise is.supposed to happen.at.the bankruptcy.hearing on Thurs/Friday. The hope for shareholders is that the patent assets will somehow be recognized as having great value and they will reap the benefit. Unfortunately people mistakenly believe the hyped implied potential and importance of the patents as foundational and covering any use of a sensor over the internet to inform decisions that EDIG fed them. It never occurs to people that EDIG might have been over stating the patents value. Of course EDIG only used vague words that optimism is easily read into so they are covered legally. Since any partners or working prototypes failed to materialize when Nunally said they would in the fall of 2011 and only tiny nuisance value settlements came in for years I began to assume that that was the purpose and value of the patents. The fact is that even the nuisance value of the patents wore off.
Something is only worth what somebody is willing to pay for it. It is possible there could be an auction of the patents in bankruptcy and another patent troll company with more money to fund law suits could buy them up to sue companies. Since all the outstanding shares of EDIG are worth only about $300,000 maybe the patents would not have to raise much for shareholders to benefit. It is hard to say what the patents are worth since there seemed to be no interest in the tech community for them for years. It would be a big surprise if this raises much money in the case of NUNCHI since the PTAB IPR settlement with Google before a decision is said to demonstrate weakness of the pattens. Since it costs about $1 million to take an IPR from beginning to end I wondered why EDIG only settled for like $100k as far as can be told. To me it made the patent seem worth even less. The Synap and Microsignet patents seem worth even less as EDIG never filed any lawsuits using them. All above in my opinion!
I.think.he was.kidding trying to add.bit.of levity to the situation. fAlk may be flying his plane or biking or whatever it does not matter. He is in his early 60s and very adroitly played shareholders to ride this junk to his probable retirement very well off thanks, in part, to people defending him who felt he was their "friend" despite terrible results from all their implied potential for over 17 years. He was a success for himself and his family like a vampire sucking the money and hope out of other people and families with implied greatness. Who would have thought he could ride this junk bus called EDIG from when their original actual value was proven to be not needed by the big tech companies in the early 2000s until 2017! What an achievement! You helped keep them invested when they clearly should have been skeptical of EDIGs grand claims to world domination and sold. None the less it was their own fault for trusting the wrong people. IN my opinion!
Letters.from.investors who.thought EDIG.was.a guarantee to riches will probably not help anything. If fRed et al and the lawyers could have kept sucking paychecks out of EDIG they surly would have. Now it seems the "pattens" as some EDIG investors who could not even be bothered to look up that they are called "PATENTS" would call them are indeed listed as assets in the bankruptcy filings. Of course their value is what people are willing to pay for them and in the end it was nothing therefore EDIG went out of business due to a lack of money to fund their 100k a month burn rate. Because shareholders simply believed every bit of implied potential would work out they ended up getting burned. That does not mean EDIG committed any fraud. Folks were simply too technically and legally uninformed and overly naïve and trusting. In my opinion.
I thought the below letter accusing .EDIG.of.fraud was a bit much. EDIG always said they "hoped" and "expected" things to work out and unfortunately they did not. EDIG was a speculative investment not a guarantee to be rich. Investors trusted the company to have the judgement to know the value of their technology and how to best exploit it. Sadly that trust was misplaced but honestly god knows how it was even earned in the first place. People choose to trust EDIG even though all of their implied potential for over 17 years failed to lead to any lasting value. Shareholders trusted people at EDIG with bad judgement. That is not fraud. My bolding with my comments in parenthesis below:
"I am a long term shareholder of e.Digital Corporation and found you are the appointed trustee for the bankruptcy filing of company e.Digital Corporation, a Delaware corporation: (db) casbke 3:17-bk-04075. ch7 07/06/2017.
I am contacting you by email because as a shareholder of e.Digital Corporation I find this chapter 7 bankruptcy filing to be illegal and fraudulent. The reasons I suspect fraud was committed are as follows:
1. Company has no significant debt.
(so what they are out of money for continuing operations which cost over $100,000 a month.)
2. A very substantial loss carry forward.
(so what EDIG would need to make money to exploit their carry forward loss. Also, the tax law was amended to prevent another company from buying or merging with EDIG to take advantage of the tax loss carry forward to reduce their own tax liability).
3. Very optimistic forward looking comments in latest Press Releases pointing to the soon to be released annual report.
(NOTHING illegal about optimism. EDIG may have had settlements they hoped and expected to work out that fell through.)
5. The very much unantisipated filing this chapter7 just in front of the never filed annual report.
(EDIG filed when they ran out of money. The timing is irrelevant they were broke!)
6. Positive incoming results from patent applications with the USPTO.
(EDIGs been cranking out their junk patents for years and the results speak for themselves. Patents are not some automatic golden path to riches. Most patents are worth nothing)
7 announcing new board members with their positive considerations just in front of this chapter 7.
(the board members were announced last year not "just" in front of the Chapter 7. I am sure they tried to do something with EDIG it just did not work out).
8. Seemingly positive settlements with patent litigation.
(Only seemingly positive if you do not know what a "nuisance value" settlement is. It is NOT a win and validation of your patents. It is going away money that sued companies pay to avoid the much higher costs of the lawyers.)
All above comments in my opinion!
Hopefully! Sadly though.some folks.still.think NUNCHI.is.really valuable along with Microsignet and Synap! I assume this is because EDIG said they are "foundational"....a vague term easily used and that they were "valuable" which only means "has value" NUNCHI sure did have value but only to keep fReD fAlK and Miss Mardee Nunally and that part time dude and a bunch of lawyers getting paychecks. So yes it was valuable until they could no longer squeeze value out of it with very small nuisance value settlements. As for Microsignet and Synap EDIG was never even able to sue anybody for those so their value is tough to determine.
Unfortunately lots of people bought into EDIGs implications that somehow they controlled the entire space of using remote sensors to send information over the internet and use that information to inform decisions. Like somehow the entire rather simple basic concept was invented by EDIG in 2011 when the NUNCHI patent was granted. If you believed EDIGs implications you thought the company had the world at its finger tips and would be filthy rich. Sadly greed and a lack of skepticism of EDIGs claims despite their terrible history of never living up to their implied potential for over 17 years doomed shareholders.
All above in my opinion.
fReD.fAlKs garbage can is worth more.than.those.patents! in my opinion! Go for the coffee mug and the "I GOT NUNCHI" hat as well!
NUNCHI, Microsignet, SYNAP.ALL GARBAGE method patents easily worked around that EDIG could not even make prototypes of even though they said several times they were "working" on it only to never speak of it again in my opinion. The patents are JUNK just complicated enough in only apparently in the case of NUNCHI to file below NUISANCE value lawsuits without the fear of judicial sanction. That is my opinion but I think the value EDIG and their money hungry partial contingency fee lawyers were able to extract out of them as shown by the financials has proven their "value" was just enough to keep the few EDIG employees and lawyers paid for a few years. IN MY OPINION investors got played by their own greed which EDIG supported with their perfectly legal optimistic statements. The Google settlement was only a dodge to get out of having the PTAB IPR invalidate them all together then there would have been no nuisance value settlements. There is no value left here for shareholders at this point. Nobody was defrauded out of their money. The writing was on the wall all along and EDIG was perfectly honest about their potential. They only "hoped" and "expected" things to work out. As much as I would like to see them all in legal trouble their PR statements were qualified and probably legally vetted before they made them. They are in the clear. ALL IN MY OPINION!
INFO ABOUT THE GOOGLE SETTLEMENT>>>>>>
All you had to do was a little research to find out what the Google settlement was likely all about....using GOOGLE!!! (ironically).
If you asked "google the search engine" what patents get a PTAB IPR initiated google would answer that they are the ones PTAB feels are likely to be invalidated. So right off when the IPR was initiated shareholders should have been very worried. If shareholders asked "google the search engine" what % of patents are invalidated by a the complete PTAB IPR review process the number would have come back at over 84%%. NOT GOOD! If shareholders asked "google" what it means if an IPR is settled before trial the answer would have been that the patents are proven weak and diminished. The only "good" thing about the google settlement was EDIG escaped with their patents intact so they could continue trolling although those companies getting trolled knew after the IPR the patents were weaker and therefore worth even less!
All above in my opinion!
EDIGgers got.so.flim.flammed.they refuse to.belive there.are no assets and there is nothing "there"! A very strong case of denial. Nunally created the patents and let EDIG use them and, according to him, (for which he must have some contract to say so in a since deleted tweet) they revert to him if EDIG goes belly up.
Because EDIG may have heavily implied their success in many many PRs does not mean they broke the law because EDIG shareholders did not then become filthy rich. EDIG always said the "hoped" or "expected" something to work out. There was no EDIG stated guarantee of success. Deeply underwater investors simply wanted to believe the best possible scenario and relentlessly hounded or deleted the information that contradicted that belief.
The bankruptcy hearing is not some sort of corporate autopsy where shareholders will suddenly learn the truth about EDIG. The confidential settlement with google will remain confidential as Google is still solvent.
fRed.FaLk is on.cloud.NINE!.He.rode.that EDIG.junk bus.for 17 years to a .great.retirement! Be happy for him he was successful! He spouted enthusiasm and implied potential until the very end. Even 2 months before declaring chapter 7! (maybe he knew nothing...snicker). Played investors for fools true to EDIG form. IN my opinion.
Will EDIG.convert to.chapter 11.from 7???? >>>>
EDIG folks are known for finding the optimistic outcome from any one of EDIGs many losing situations for the last 17 years. Now the speculation is EDIG converts from chapter 7 which dissolves the "company" to chapter 11 which reorganizes it. I take it as a given that the company has no assets as some posters who have read the bankruptcy documents stated that. EDIG also does not have enough money to pay anybody. In light of that who would "run" EDIG in chapter 11? The bankruptcy trustee? What and who would he be running? EDIG has a board of directors which met a few times a year fReD fAlk, Miss Mardee and maybe some other guy part time. Nunally was a paid consultant but not now it seems.
It would seem criminal to declare no assets and chapter 7 to dump the shareholders who are of course going to sell then buy up all the shares on the cheap amend your chapter 7 filing to declare the "valuable" (snicker) NUNCHI patents convert to a chapter 11 and go back into "business".
All above in my opinion.
As.it.was.for EDIGs entire.existence.folks.want.to believe.there is.$$$$$. there that is not. Even now! That is what EDIG has always done best, implied potential. Greed, not wanting to believe you got flim flamed, and a lack of using a search engine has resulted in much denial. Some want to believe the Nunchi patent by itself with significant number of continuation child patents should delay this "stupid" chapter 7 situation and that all of these patents are new and have good life protection up to 20 years. Some also think "they" need specialist to evaluate the future value of these patents, in addition to Microsiget and Synap.
Sadly EDIGs NUNCHI patents could not even get proper nuisance value settlements with partial contingency fee highly money motivated lawyers on board. In my opinion when they left for a big firm the settlements that could be obtained were too small to be a good use of their time when the money had to be split with the new bosses. If only EDIG shareholders had used a search engine! They could have looked up "Nuisance value" and they would realize that the settlements were not validation and victory for the patents but instead sued companies cutting a check for far less than they would have to pay their lawyers.
As for Microsiggy and SYNAP they were too weak for even a nuisance value law suits.
If EDIG was ever for real they would have produced working examples of their tech and to string shareholders along they repeatedly stated in PRs they were working on prototypes.....only to then never speak of it again!
All above in my opinion.
I.was.sure those.EDIG.dead.enders would.buy! I.guess.they figured.out.Chapter 7 is death. Thank god "Moo" is still coming through every day with that valuable EDIG time and sales info. That 57 share trade today was surly a signal by those evil market makers who steal the wealth of shareholders...snicker. In my opinion.