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"Plaintiffs do not oppose Movants’ Motion.">>
"There is no trial set in this matter, no discovery is outstanding, and there are no other motions currently pending. Defendants are scheduled to file a summary judgment motion on August 1, 2017 (but this motion has not been filed at this time). Plaintiffs do not oppose Movants’ Motion. Johnson PDL Decl. at 2; Johnson PSC Decl. at 2; Brown TPL Decl. at 2. Movants have provided written notice to both Plaintiffs and Defendants. Bumgardner"
The above is from the withdrawal filing with my bolding. "Plaintiffs do not oppose Movants’ Motion." is not referring to the summary judgement expected to be filed by the defendants by August 1. The "movants" are not the defendants the "movants" are the law firms in this filing that have filed the withdrawal. The way we know that is after the "Plaintiffs do not oppose Movants’ Motion." the declarations of PTSC/TPL are referenced which say they do not oppose their lawyers filing to withdraw. IN my opinion.
My.guess.is some well.informed.German.folks.will be.selling.in the AM! ccraider I know you post on that old German PTSC board. The timing is too perfect! I expect some YUGE volume on the downside from you folks! In my opinion! Still might not be that bad. Why would all PTSC and TPLs lawyers (all of them from what I can tell) be filing to withdraw at the same time. It seems to me they must have been asked to withdraw so PTSC can get new lawyers for the critical oral arguments. OR the judge has somehow secretly indicated the case is done and they are getting out. I am not sure that is allowed to happen and the judge would not have to hear arguments first. I am not a lawyer so what do I know. Hard to tell of course. Good luck! All in my opinion knowing nothing concrete.
OK.so.most.all the lawyers.filed.to quit.SOME POSSIBILITIES:
It is odd that they all filed to quit at the same time. What could this mean (speculation):
1. All the lawyers know the judge is about to dismiss the case through some back channel communication which I am not even sure is allowable and they are just getting their paperwork in as it will take time to process.
2. PTSC and TPL asked them to resign so they could consolidate their legal representation with one firm. This might make sense to save money and, in my opinion, their courtroom representation was terrible and made bad arguments.
Place your bets! The district court judge could simply say since the claims construction was only slightly modified and could likely not change the outcome of the case (according to the district court judges statement) he latches on to this opinion from the appeals court and ends the case. That would be bad and possibly not be appealable. I believe the court wants to end this case ASAP to be rid of a patent troll. Still if the case was about to be dismissed why would the lawyers not just keep cashing their checks until it ends shortly? Hard to figure this one out. Lawyers quitting does not look good but PTSC/TPL needs a good court room argument to win and they did not seem to have the right people based on my interpretation of the lawyers court room argument at the appeals court.
ALL above in my opinion only.
What is odd is ALL the lawyers filed to quit. PTSC/TPL has used other lawyers for the court room stuff and changed them (remember Otteson from the HTC case) but PTSC has used the Hoge law from for a long time I believe and TPL has used Silicone Valley Group for a long time I think. To have all their lawyers filed to withdraw at one time is interesting. Maybe consolidating to save money?
I suspect that if the case goes on PTSC/TPL wants a different lawyer arguing their case in the court room. I listened to the appeal oral arguments and the lawyer for PTSC/TPL from NELSON BUMGARDNER P.C. was TERRIBLE!! He simply could not articulate the 336 patents inventiveness is GENERATING the frequency used to clock the CPU. He tried to squeak it in at the end somebody probably frantically texted him to say it. He stumbled through the presentation. SO it may not be terrible that another lawyer would argue. There are oral arguments scheduled for the motion for summary judgment that the defendants will probably file (due August 1). Then PTSC/TPL responds to that then defendants respond to PTSC/TPLs response then there is supposed to be a hearing on Sept.5th in front of the judge.
All above in my opinion.
ALL your lawyers filed to QUIT= VERY BAD in my opinion. I suspect the judge has signaled that the case cannot be won for PTSC/TPL and the lawyers are just getting their paperwork in early as it takes some time to process. I also believe PTSC is about to file for bankruptcy. TPL has already filed chapter 11. Its over folks get ahead of this! If you sell in the am you might get 1c for it. In my opinion.
NOTICE OF MOTION AND MOTION TO 1 CASE NOS. 12-cv-03865-VC, -03876-VC,
WITHDRAW AS COUNSEL FOR PLAINTIFFS -03877-VC, -03880-VC, -03881-VC
(Counsel listed on signature page)
UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF CALIFORNIA
SAN FRANCISCO DIVISION
TECHNOLOGY PROPERTIES LIMITED
LLC, et al,
Plaintiffs,
v.
HUAWEI TECHNOLOGIES CO., LTD.
And HUAWEI NORTH AMERICA,
Defendants.
Case No. 3:12-cv-03865-VC
NELSON BUMGARDNER P.C., ALBRITTON LAW FIRM, HOGE LAW FIRM AND SILICON VALLEY LAW GROUP’S NOTICE OF MOTION AND MOTION TO WITHDRAW AS COUNSEL OF RECORD FOR PLAINTIFFS
DATE: Thursday, August 17, 2017
TIME: 10:00 A.M.
PLACE: Courtroom 4 – 17th Floor
JUDGE: Hon. Vince Chhabria
TECHNOLOGY PROPERTIES LIMITED
LLC, et al,
Plaintiffs,
v.
ZTE CORPORATION and ZTE (USA) INC.,
Defendants.
Case No. 3:12-cv-03876-VC
TECHNOLOGY PROPERTIES LIMITED
LLC, et al,
Plaintiffs,
v.
SAMSUNG ELECTRONICS CO., LTD.
And SAMSUNG ELECTRONICS
AMERICA, INC.,
Defendants.
Case No. 3:12-cv-03877-VC
Case 3:12-cv-03880-VC Document 145 Filed 07/13/17 Page 1 of 5
NOTICE OF MOTION AND MOTION TO 2 CASE NOS. 12-cv-03865-VC, -03876-VC,
WITHDRAW AS COUNSEL FOR PLAINTIFFS -03877-VC, -03880-VC, -03881-VC
TECHNOLOGY PROPERTIES LIMITED
LLC, et al,
Plaintiffs,
v.
LG ELECTRONICS, INC. and LG
ELECTRONICS U.S.A., INC.,
Defendants.
Case No. 3:12-cv-03880-VC
TECHNOLOGY PROPERTIES LIMITED
LLC, et al,
Plaintiffs,
v.
NINTENDO CO., LTD. and NINTENDO OF AMERICA, INC.,
Defendants.
Case No. 3:12-cv-03881-VC
NELSON BUMGARDNER P.C., ALBRITTON LAW FIRM, HOGE LAW FIRM AND SILICON VALLEY LAW GROUP’S NOTICE OF MOTION AND MOTION TO WITHDRAW AS COUNSEL OF RECORD FOR PLAINTIFFS
TO ALL PARTIES HEREIN AND TO THEIR ATTORNEYS OF RECORD:
PLEASE TAKE NOTICE that on Thursday, August 17, 2017, at 10:00 A.M., or as soon thereafter (or before) as the matter may be heard before the Honorable Vince Chhabria, United States District Judge, of the United States District Court for the Northern District of California, San Francisco Division, 450 Golden Gate Avenue, Courtroom 4 – 17th Floor, San Francisco, CA 94102, Nelson Bumgardner P.C. and its attorneys (including Edward R. Nelson, III, Brent Nelson Bumgardner, Barry J. Bumgardner, Thomas Christopher Cecil, and John Murphy), of Nelson Bumgardner P.C., 3131 West 7th St., Fort Worth, Texas 76107; Albritton Law Firm and its attorneys (including Eric M. Albritton), of Albritton Law Firm, P.O. Box 2649, Longview, TX 75606; Hoge Law Firm and its attorneys (including Charles T. Hoge), of Hoge Law Firm, 888 Prospect Street, Suite 200, La Jolla, CA 92037; and Silicon Valley Law Group and its attorneys (including William L. Bretschneider), of Silicon Valley Law Group, 50 W. San Fernando Street, Case 3:12-cv-03880-VC Document 145 Filed 07/13/17 Page 2 of 5
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NOTICE OF MOTION AND MOTION TO 3 CASE NOS. 12-cv-03865-VC, -03876-VC,
WITHDRAW AS COUNSEL FOR PLAINTIFFS -03877-VC, -03880-VC, -03881-VC
Suite 750 San Jose, California 95113 shall and hereby do respectfully seek leave of this Court pursuant to Northern District Local Rule 11-5(a) and in compliance with California Rules of Professional Conduct 3-700, to withdraw as attorneys of record for plaintiffs, Phoenix Digital Solutions LLC, Patriot Scientific Corporation, and Technology Properties Limited LLC, respectively.
Case 3:12-cv-03880-VC Document 145 Filed 07/13/17 Page 3 of 5
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NOTICE OF MOTION AND MOTION TO 4 CASE NOS. 12-cv-03865-VC, -03876-VC,
WITHDRAW AS COUNSEL FOR PLAINTIFFS -03877-VC, -03880-VC, -03881-VC
Dated: July 13, 2017 Respectfully Submitted,
/s/ Barry J. Bumgardner
NELSON BUMGARDNER, P.C.
Edward R. Nelson, III (Pro Hac Vice)
ed@nelbum.com
Brent Nelson Bumgardner (Pro Hac Vice)
brent@nelbum.com
Barry J. Bumgardner (Pro Hac Vice)
barry@nelbum.com
Thomas Christopher Cecil (Pro Hac Vice)
tom@nelbum.com
John Murphy (Pro Hac Vice)
murphy@nelbum.com
3131 West 7th Street, Suite 300
Fort Worth, Texas 76107
[Tel.] (817) 377-9111
[Fax] (817) 377-3485
ALBRITTON LAW FIRM
Eric M. Albritton (Pro Hac Vice)
ema@emafirm.com
P.O. Box 2649
Longview, Texas 75606
[Tel.] (903) 757-8449
[Fax] (903) 758-7397
ATTORNEYS FOR PLAINTIFF
PHOENIX DIGITAL SOLUTIONS, LLC
/s/ Charles T. Hoge (with permission)
HOGE LAW FIRM
Charles T. Hoge (SBN 110696)
choge@hogelaw.com
888 Prospect Street, Suite 200
La Jolla, CA 92037
[Tel.] (619) 823-2600
Attorneys for Plaintiff
PATRIOT SCIENTIFIC CORPORATION
/s/ William L. Bretschneider (with permission)
SILICON VALLEY LAW GROUP
William L. Bretschneider (SBN 144561)
wlb@svlg.com
50 W. San Fernando Street, Suite 750
San Jose, California 95113
[Tel.] (408) 573-5700
[Fax] (408) 573-5701
Case 3:12-cv-03880-VC Document 145 Filed 07/13/17 Page 4 of 5
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NOTICE OF MOTION AND MOTION TO 5 CASE NOS. 12-cv-03865-VC, -03876-VC,
WITHDRAW AS COUNSEL FOR PLAINTIFFS -03877-VC, -03880-VC, -03881-VC
Attorneys for Plaintiff
TECHNOLOGY PROPERTIES LIMITED,
LLC
CERTIFICATE OF SERVICE
I hereby certify that on July 13, 2017, I caused the foregoing document to be served on counsel of record via the Court’s CM/ECF system.
Dated: July 13, 2017 By: /s/ Barry J. Bumgardner
Barry J. Bumgardner
Case 3:12-cv-03880-VC Document 145 Filed 07/13/17 Page 5 of 5
The patrol thinks EDIG might somehow come back or maybe they are protecting the companies "honor" who knows!
They are STILL hiding! Its a true stages of grief thing going on. Some are suspecting a scheme to gain "control" of EDIG shares and the valuable NUNCHI patents! Snicker. I think they need to simply look up what chapter 7 bankruptcy is. It means dissolution of the company and sale of all assets to satisfy creditors. We knew EDIG was short of money even as far back as Dec 31 with only 362k or so reported by the financials with a 100k a month burn rate.
I loved all those gleeful posts about setting their lawyer to extract tiny nuisance value settlements (as shown eventually by the financials). Bada bing! Snicker.
If the good "doctors".patents.were worth.litigating they would still be litigated! I think the financials showed about 30-50k a settlement. I realized this was very sad at the time since taking a case to trial can cost one of EDIGs targets 1million. It showed how weak their case was. Those patents are GARBAGE otherwise those lawyers would still be working it. They saw no point in it due to the small potential. I think the good "doctor" can still get a few of the remaining shareholders who are emailing him just begging to give him more money so they can get RICH!! In my opinion.
EDOG is a ghost stock now which is actually still being played by technical momo players and they make money!
Actually you could get one.of.those.EDIG coffee mugs! At the action of remaining EDIG supplies which will happen at some point. Those things are the few remaining "assets" of EDIG along with some old office furniture and stuff that was crammed into that recent new 400sq ft office (BIG red flag there!). In my opinion!
Hey where.did.that post.go? I know DISCHINO! Just lil rhyme!
I do not know how.Its on my computer downloaded. You really should sign up for a free PACER account. They even give you a $15 free allowance towards downloading pages which costs 10c each. Once you sign up use the "pacer case locator" and in the search box enter "Technology Properties LLC". A lot of case #s come up most of them closed. Then click on Case 3:12-cv-03880-VC. Then click on the bottom selection to search for a document. Enter number 145. Anywho that's all the help ur gonna git! Do you really think I would post a fake PACER especially one that really does not look good like that one!
ALL your lawyers filing to quit at the same time looks way more bad than good. Lawyers have quit PTSC before but never all of them at once. I do not think they have a law firm now. They are still on the hook until the judge says it is ok for them to withdraw. I figure the defense filed their motion for summary judgement which is due September 1 and the judge quickly approves it and the case is closed. I figure these lawyers are just getting their paperwork in because it takes some time to withdraw as counsel.
All above in my opinion.
I realize from reading their posts over many years that there are posters who prop each other up and seem to trust each others opinions and probably make investing decisions based on them. I have always used the posts as a source of research like PACERs being posted or real info I could go and verify myself. I think most people use it that way and those that do not get what they deserve. IN my opinion.
MOO Simply posted time and sales daily info anybody could have gotten on their own easily and they LOVED him for it! SAD. Those FI folks were really truly naïve legally and technologically ignorant folks who trusted what ever the company told them about their potential! They got their clocks cleaned and deservedly so. Those peeps deleted every post that even sniffed at questioning whatever EDIG said and banned many people from posting ever again even deleting their accounts. They got what they deserved. They thought they would hit the moon with their investment right up until the end. Of course the company played them until the last they were suckers meant to be played. True marks. Many had been averaging down for well over a decade pumping their life savings into EDIG even their retirement accounts! CRAZY! Can you believe people would be so stupid! In my opinion!
EDIG is done. Chapter 7 is the end. They have no assets besides a few coffee cups and maybe some of the non rented office furniture. I am surprised Nunally supposedly got to get the junk patents back in some agreement nobody seemed to know about. I assume he will try to set something up to play the remaining shareholders. I cannot believe they would let themselves get taken again but they seem to have been emailing him and he is sending them info on his new play. Sad. Suckers forever I guess proven very good marks. In my opinion.
I thought EDIG would hire a Flextronics like company to make them a prototype then PR that they were their partner and try to sell them 50 million shares to the great excitement of the FI folks. WRONG! I over estimated their will and ability to continue playing shareholders. It was a good bet though because of their excellent track record in that regard. IMO the patents are worthless very specific method patent gibberish easily worked around. In my opinion.
It was accumulated losses not debt. I think EDIG was debt free at the end for the most part. They had 50 million shares they could have sold with a good story. Even with a bad one they could have sold them for 1c at least! That would have given them another $500,000 and maybe lasted another quarter or two. I think they knew the NUNCHI patents were junk as demonstrated bu the nuisance value settlements (I think like maybe 50k a pop as best as we can tell by the financials) and choose not to go on. EDIG has NEVER been candid with shareholders about their situation in their entire history in my opinion. Just look at the April and May PRs! Full of puffery and implied potential even as they musta known they were about to go broke. I always thought they were scum playing shareholders I just thought they has another play! They had proven so good at it! All above in my opinion!
Goooo.EDIG go.NUNICH! Go our good.friend mR. fAlK!!! Futures so bright gotta wear shades! Maybe we can set up a gofundme for fReD and help get him back on top! The poor guy just lost his job he needs our help! People need 2 show a little compassion and donate some money after all he did keep the lights on at EDIG for well over a decade. He deserves our thanks. In my opinion.
Going.concern statement.from the 3Q Financials>>>
The company did warn investors of their precarious financial position. I think they should have toned down all the happy talk in their April and May PRs but than that is what EDIG does. In my opinion. My bolding below:
https://www.sec.gov/cgi-bin/viewer?action=view&cik=886328&accession_number=0001683168-17-000352&xbrl_type=v#
Going Concern/ Liquidity/Correction of Error
The Company has incurred significant losses and negative cash flow from operations and has an accumulated deficit of $83,122,360 at December 31, 2016. Other than cash on hand, the Company has no other sources of financing currently available as of December 31, 2016. The Company may incur additional losses in the future until licensing or other revenues are sufficient to sustain continued profitability. Until the Company can demonstrate sustained profitability, its ability to continue as a going concern is in doubt and may be dependent upon obtaining additional financing in the future. There is no assurance that the Company will be successful in generating or raising funds, if necessary, to sustain its operations for twelve months or beyond. Should the Company be unable to generate funds or obtain required financing, it may have to curtail operations, which may have a material adverse effect on its financial position and results of operations. Uncertainty as to the outcome of these factors raises substantial doubt about the Company’s ability to continue as a going concern. These consolidated financial statements do not give effect to any adjustments that would be necessary should the Company be unable to continue as a going concern and therefore be required to realize its assets and discharge its liabilities in other than the normal course of business and at amounts different from those reflected in the accompanying consolidated financial statements.
Surprising.ALL 4 of.PTSCs law firms.just.filed to quit!!!! That cant be good! In my opinion. From the PACER below>>>
NELSON BUMGARDNER P.C., ALBRITTON LAW FIRM, HOGE LAW FIRM AND SILICON VALLEY LAW GROUP’S NOTICE OF MOTION AND MOTION TO WITHDRAW AS COUNSEL OF RECORD FOR PLAINTIFFS
TO ALL PARTIES HEREIN AND TO THEIR ATTORNEYS OF RECORD:
Since UR lawyers all just filed to QUIT I would expect the share price to take a hit. It is not usually good news when even your long term lawyer Hoge, filed a motion to withdraw as counsel. Why would they come this far and quit now right before a potential win? In my opinion it is because they are pretty sure your case is sunk. Good luck but I recommend you sell. I just found that info on the PACER system yesterday so I would say most PTSC shareholders do not know about it. Get ahead of this and sell now. My bet is the stock goes sub 1c. but eventually it will go to zero when the judge approved the defendants motion for summary judgement of non infringement! All above in my opinion.
PACER!!! ALL YOUR LAWYERS JUST FILED TO QUIT!>>>
At least I think its all of them! Your lawyers do not file to quit if they think you have a winning case in my opinion! Here is the PACER filing:
NELSON BUMGARDNER P.C., ALBRITTON LAW FIRM, HOGE LAW FIRM AND SILICON VALLEY LAW GROUP’S NOTICE OF MOTION AND MOTION TO WITHDRAW AS COUNSEL OF RECORD FOR PLAINTIFFS
TO ALL PARTIES HEREIN AND TO THEIR ATTORNEYS OF RECORD:
PLEASE TAKE NOTICE that on Thursday, August 17, 2017, at 10:00 A.M., or as soon thereafter (or before) as the matter may be heard before the Honorable Vince Chhabria, United States District Judge, of the United States District Court for the Northern District of California, San Francisco Division, 450 Golden Gate Avenue, Courtroom 4 – 17th Floor, San Francisco, CA 94102, Nelson Bumgardner P.C. and its attorneys (including Edward R. Nelson, III, Brent Nelson Bumgardner, Barry J. Bumgardner, Thomas Christopher Cecil, and John Murphy), of Nelson Bumgardner P.C., 3131 West 7th St., Fort Worth, Texas 76107; Albritton Law Firm and its attorneys (including Eric M. Albritton), of Albritton Law Firm, P.O. Box 2649, Longview, TX 75606; Hoge Law Firm and its attorneys (including Charles T. Hoge), of Hoge Law Firm, 888 Prospect Street, Suite 200, La Jolla, CA 92037; and Silicon Valley Law Group and its attorneys (including William L. Bretschneider Bretschneider), of Silicon Valley Law Group, 50 W. San Fernando Street, Case 3:12-cv-03880-VC Document 145 Filed 07/13/17 Page 2 of 5
Suite 750 San Jose, California 95113 shall and hereby do respectfully seek leave of this Court pursuant to Northern District Local Rule 11-5(a) and in compliance with California Rules of Professional Conduct 3-700, to withdraw as attorneys of record for plaintiffs, Phoenix Digital Solutions LLC, Patriot Scientific Corporation, and Technology Properties Limited LLC, respectively.
I.GOT A.SECRET! FIRST TO PM.ME THEIR.PHONE.#.FINDS OUT.
Falk is retired.on a beach.somewhere laughing at how he was able to play shareholders along with one carrot after another implying GREAT potential for almost 20 years expressing supreme optimism right up until the very end. He made a good life for himself and his family sucking the money out of dozens and dozens of other families like a vampire. He has probably rationalized that the shareholders deserved to lose all their money for being so naive and greedy. In my opinion!
$$ EDIG NEWS $$ EDIG NEWS $$ >>>>>>>>>>>
I Don't remember this posted. It certainly reflects shareholders opinion that things looked great according to the company then...chapter 7. Maybe some news from Nunally soon? EDIG buyout by Nunally? Maybe he is the one buying all those shares???? Who else? MY BOLDING OF ARTICLE. In my opinion.
https://streetregister.com/2017/07/07/bottom-falls-out-on-shares-of-e-digital-corporation-otcmktsedig/
Bottom Falls Out on Shares of e.Digital Corporation (OTCMKTS:EDIG)
By Michael Luke -
July 7, 2017
516
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e.Digital Corporation (OTCMKTS:EDIG) dropped a bombshell to close out the week this week with a surprise filing that has caused the bottom to fall out on shares of its stock. Bankruptcy proceedings can be a rather drawn out process, so it will be interesting to see how far the stock tumbles.
The news appears unexpected because it was just a few months ago when the company sought and was granted a its tenth US Patent stemming from its Nunchi patent portfolio which includes foundational technologies for mobile and fixed devices, cloud computing and adaptive computing which enable devices to function introspectively, adaptively, and anticipatorily, providing new classes of user experiences, new revenue models and adding value to communications. In some applications, these technologies gather sensor and user data from enabled devices. Processing then interprets surroundings, activities, conditions and the social situation of the user, and acts on that intelligence. (Source:PRNewswire)
e.Digital Corporation (OTCMKTS:EDIG) has filed for Chapter 7 bankrupty protection, per an 8-K. For the uninitiated, according to uscourt.gov, a Chapter 7 bankruptcy case does not involve the filing of a plan of repayment as in chapter 13. Instead, the bankruptcy trustee gathers and sells the debtor’s nonexempt assets and uses the proceeds of such assets to pay holders of claims (creditors) in accordance with the provisions of the Bankruptcy Code. Part of the debtor’s property may be subject to liens and mortgages that pledge the property to other creditors. In addition, the Bankruptcy Code will allow the debtor to keep certain “exempt” property; but a trustee will liquidate the debtor’s remaining assets.
From the Filing: On July 6, 2017, after considering all strategic alternatives, e.Digital Corporation, a Delaware Corporation and its wholly-owned California subsidiary by the same name, ceased operations and filed a voluntary petition for relief under provisions of Chapter 7 of Title 11 of the United States Code, 11 U.S.C. §101 et seq. in the United States Bankruptcy Court for the District of Delaware and the State of California. A Chapter 7 trustee will be appointed by the Bankruptcy Court and will assume control. The assets of the Company will be liquidated and claims paid in accordance with applicable laws.
In connection with the Company’s voluntary assignment in bankruptcy, a trustee will assume control over the assets and liabilities of the Company, effectively eliminating the authority and powers of the Board of Directors of the Company and its executive officers to act on behalf of the Company. Accordingly, on July 6, 2017, Allen Cocumelli, Russell H. Packer, Donald S. Springer and Renee Warden resigned from their positions as directors of the Company. The resignations are not the result of any disagreement with the Company regarding the Company’s operations, policies, practices, but are because of the voluntary assignment in bankruptcy. The executive officers of the Company ceased to be officers and employees of the Company, effective July 6, 2017. (Source: EDGAR Filing)
So it would appear that despite it seeming as if the company was on the right track not too long ago, proceeding with the development of their Nunchi portfolio, that, and all of the company’s other assets will be up for sale. As we said, purely for curiosities sake, we will be interested to see how the proceedings play out for the stock itself which is presently in a freefall. We’ll stay up on any changes to the story here and pass them along to our readers. Stay locked on StreetRegister.com and be sure you’re signed up for our 100% free smallcap newsletter. Simply submit your primary active email address in the box below. Subscribe now!
Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in EDIG stock, short or long.
U gonna.be RICH.my frend! Keep.up.dat buy'n! But seriously momo players do buy and sell junk ghost stocks like this and make money. Its kind of like a slot machine of technical trading. It actually could work out! If you bought some at .0006 (how little is that its hard to get my numbers right that's like about 1/2 of a 1/10 of a cent...I think???) and sold today at .0014 I guess it was a YUGE gainer. It closed at .0009 so it was up for the day. Good luck to U playa! In my opinion.
Most posters thought EDIG was.going.to.da.moon from what I read especially the FI folks. A few had doubts but most were long time true believers and even the hint of criticism would bring a withering attack and defense of EDIG. I always said I thought EDIG was junk but assumed they had a trick up their sleeves. "jefother" on the FI board actually specifically mentioned bankruptcy as a possibility when the financials were not filed by June 29th.
Anyway everybody should have thought they could go bankrupt because the financials said they only had 362k or so as of Dec 31 2016 with a burn rate of 100k a month. Even with the "multiple settlements EDIG announced in April knowing the settlements tended to be low should have led people to be aware of the possibility EDIG would run out of money. That and the "going concern" statement in their financials. In my opinion.
Price moving up! Buyers seem.to.be coming.in.now. Could be at bargain prices. Just like no stock goes straight up no stock goes straight down. EDIG is due for a bounce. Who knows maybe Nunally takes it over! I am trying to figure out how that could work. In my opinion.
EDIG always seemed to come.up.with.a new way to play shareholders since their inception so I though they must have had something up their sleeves or there was a late posting of their 10k extension. I should have known though that all the SEC EDGAR site forms are always shown for all to see on the date they are due like I have seen financials posted. I was hoping the extension form might some how not be posted in real time. IN my opinion.
EDIG had "going concern" statements in all their financials since they had less than 1 year of money left as required by the SEC. People had to know they only had 362k or so as of 12/31/16 if they read the financials with a 100k a month burn rate. That should spell the end is near to those that bothered to read. Nobody will get anything out of any lawsuits against EDIG and shareholders have nobody to blame but themselves for trusting a company that has always come up very short on implied potential for over 17 years. Shareholders have always lost waiting for any type of enduring financial results with EDIG. That has been the only certainty with the company. If you bet against all of their many efforts succeeding you would have won every time! Seems like more than just bad luck as I pointed out many times. Sadly people were in love with the stock for some reason probably because they were already so underwater in the stock they just wanted to believe and the PRs did sound good. Right up until the very end. In my opinion.
I think I made clear in my posts that I thought EDIG was a stinker but they had a play left to pump up the stock since they always seem to come up with something! I was hoping the settlements announced in April and maybe some new manufacturing "partner" who I noted would probably just be some company they paid would rally the faithful into buying shares and driving up the share price so I could get a short term gain. So wrong! I never thought this was a good buy and hold hoping for actual strong results. In my opinion.
I think many were SO DEEPLY.underwater with EDIG stock purchased in the dollar range that they could not accept the company had failed and they should simply sell and take the loss. EDIG then offered them "carrots" of implied potential and they reasoned "why sell I am already down so much its not worth it". Then some even decided to average down with dozens of buys for more than a decade to bring their average down. The failure of every "carrot" of implied potential did not bother them as a new carrot was trotted out usually slightly before the last one failed to live up to expected potential. NUNCHI was the last major carrot to take over for the failed 774 markman hearing and it contained several sub carrots.
What should have bothered them was EDIG had a "going concern" statement in their financials and only had $362k or so in the golden coffers as of Dec. 31 2016 with a 100k or so a month burn rate! Of course EDIG enticed them to stay in the stock to the end will a PR in April saying they had signed multiple settlements and expected more which sounded bullish (BS) and one in May saying they just got their new NUNCHI patent, OH GOODY!!, only to dismiss all their remaining cases in June and file for chapter 7 in July.
They suckered shareholders with implied potential until the end and some even bought more shares. Sad. In my opinion.
The selling.seems a bit overdone.Gotta.be a bounce.at some.point! Eventually bargain hunters will move in. In my opinion.
NOT EVEN A.PENNY STOCK! A .0006c stock! I am still surprised EDIG just went sub 1/10th of a penny. Things are not looking good. Maybe a bounce soon? In my opinion.
I think Nunally's got a few on the hook! Can you imagine trusting the PTAB crippled and weak settlements proven author of the NUNCHI patents with more money! Microsignet and Synap must have been even weaker because the lawyers did not even try to sue anybody over those. I think the only way I could think to support him further is if he was just giving EDIG his junk wordy tech stuff complicated enough to use for nuisance value settlements by EDIG without fear of judicial sanction. But then how could you trust that person! Can you imagine getting flim flamed by EDIG then this guy! IN my opinion.
PTSC.is.too much risk.The judge.could.simply dismiss.the.case in September when the Summary Judgement motion the defendants are making is heard in court or he may take a few weeks to think about it. The political establishment in the US is totally in the pocket of big tech and are itching to get rid of patent trolls like PTSC and the judges know if they ever want to advance they must dismiss these cases. PERIOD. Even if you had a good argument, which PTSC does not the case would be finished. I bet he simply rules from the bench and dismisses the case. All the judge has to say is (my opinion):
"PTSC stipulated to non infringement for the 2 PART claims construction issued by this court 1 PART of which was upheld by the appeals court therefore the stipulation remains. CASE DISMISSED"
See buddie. Easy peasy this case is DONE. All above in my opinion.
Here is the court schedule FYI:
Motion for summary judgment filing date
August 1, 2017
Response
August 21, 2017
Reply
September 5, 2017
Motion hearing date
September 28, 2017 at 10:00 a.m.
I think it is just the market makers covering their shorts and the remaining shareholder who have not sold. Probably a couple of momo players hoping for a dead cat bounce. In my opinion.
Makes sense!Losers plowing good.money after.bad into another mess! Sad to see them go from one bankruptcy into PTSC which will soon be another. Why be a 2 time loser I have no idea! PTSC will be long out of money before their court process is done even if they avoid their case being dismissed in the near term! In my opinion.
This FI poster "jefother"sold 3 MILLION shares 7/5 and managed to get out above 2c. His 3 million shares probably got him over 60K whereas on 7/7 it would have got him maybe 6k! There was only 4.5 million or so volume that day. A whale managed to bail at the last minute. Talk about dodging a bullet. He must feel terrible but 2 days later he felt really good! Its all relative. In my opinion.
Sorry for all the commotion today but it's not easy to sell 3 million shares without driving the share price down. Remember this, someone bought my shares.