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.
AAAAND, I'd file a malpractice lawsuit against the bankruptcy attorney, AND his firm, who filed this case on behalf of FF/BOD and EDIG who was the innocent and injured party in this case. That one could be settled quickly. Attorney's love these sorts of "high profile cases" and will sometime work for a much lesser fee just for the attention, imo.
Yep, I agree 100%. More so on the "island", several of whom post here regularly. But if you had $100K or more invested in EDIG you'd be compelled to DO SOMETHING under the circumstances. And I hope they sue the crap out of FF/BOD right off the bat! PERIOD! If they happen to be "judgement proof", which I seriously doubt, I would press for criminal charges through the DOJ and/or SEC to bring them back to the reality and consequences of their wrongdoing.
All IMO, of course. GLTY/EDIG!
Not happening to me. I'm not going to average down any further than I did before the "crash". For those that loaded up at the bottom, I guess it's their good fortune. Hopefully they were not "insiders". If so, then I suppose if they profited, they could be prosecuted, if caught. Me, I'd be happy to see EDIG's pps make it back to .02 in the short term.
I'm heavily invested in other stocks, so very little in my pockets to pick at the moment! lol! Maybe after EDIG makes some forward progress, and after one of my other prospects pays off, we'll see then. What others do in the meantime is their own personal business, IMO.
GLTY/EDIG!
I understand that the CEO of EQUIFAX is looking for a job. But he would have to be "out" a lot for court appearances. ;p At least PN will work to the extent that he now has "something to prove", IMO.
GLTA/EDIG!
Good post, Danl. Nope, FF and the BOD probably have "lawyered up" already, which would be wise on their part. Did the judge's ruling include reinstating them back into their previous positions despite their "resignations"? Certainly not!? I would think they're automatically "FIRED" given the circumstances and for the legal actions forthcoming against them from all directions. Maybe even the DOJ, SEC, IRS, (possibly CIA). lol!
I don't see a Ch 11 (corps don't get a 13), either. EDIG still "legally" holds the patents. If not, then that's another legal matter. PN would be my first choice as CEO for the interim and the SH's should have at least one representative on the BOD, due to obvious reasons. That's where EDIG starts. They should immediately begin those legal actions, as warranted, against those at fault, as warranted.
THEN, they can proceed with the restructuring, sale, merger, p/ship, etc... of EDIG, whichever option best serves the interest of EDIG and the SH's who would normally vote on such matters. I don't see EDIG needing a 1:1000 R/S unless their planning to "up-list" to NASDAQ. Baby steps first! lol! Guess it all depends on what the game plan is now?
IN ANY CASE, EDIG needs a team of lawyers who will work on contingency. There are all kinds of law firms willing to take on "derivative action lawsuits" if they think there is a chance for some sort of monetary recovery from D&O insurance or civil lawsuits against individuals. I hope PN and the big SH's are up to the task ahead. It's not going to be either QUICK OR EASY.
BTW. Still holding my original shares for now. And as always, just my opinion.
GLTA & EDIG!
And who do you suppose is paying for his best efforts to avoid paying a fine at the least, and jail time at worst? Shareholders, imo.
According to the court of public opinion, SK's son at Blackrock and his wife at the California Teachers Retirement Assn, both sold at the top of the last run, as well as Sabby. So who do you think cleaned up on that one?? Wouldn't that be considered "insider trading"? Let the courts decide. I'm looking for a better outcome this time given that Kman is in effect tied up! What will tomorrow bring?? Not changing my NO vote before I see $1B4RS! I'll cher part of my chers with Cher, but that's it!! lol!
BTW, I love the twits!! NEVER miss a day! ;p
All IMO. GLTA & CYTR!
Leave for a day or so and CT shows up. Not the same CT as in CyTr or "Confidential Treatment". I predicted THREE GREEN days in a row before 10/17. Since the pps went above .49 today, I predict that 3rd green day tomorrow. The "shorts" are running out of room since we now have Cher and her friends buying our chers! lol!! She heard Soon's doing the same deal with CYTR so....nuff said.
So TEK, did you get back in yet. You didn't say in your last post that I recollect. Just curious? I bought more today as I don't see near as much downside to CYTR as I see upside! I just keep following the $$ and connecting dots as best able from what I learned previously. lol! This time around looks like it could be the real deal!! BELIEVE THAT!! ;p
All IMO. GLTA & ESPECIALLY CYTR!!
This PR just in. Haven't had time to read it all myself. Hopefully we see a rise in pps today.
https://eresearch.fidelity.com/eresearch/evaluate/news/basicNewsStory.jhtml?symbols=CYTR&storyid=201710020900PR_NEWS_USPR_____LA04333&provider=PR_NEWS_&product=USPR____
GLTA/CYTR!
Good Morning, n3! Yep, I agree 100%, but don't think this will play out quite like Altor since it seems like CYTR investors have already drawn a "bead" on Kman and Soon's deal and are asking questions beforehand. The lawsuit is also a potential game changer, IMO.
Will see what happens today and the remainder of the week. 10/17 can't get here soon enough as I'm tired of this rut we're in. I'm ready for some BIG news and a major move up in PPS.
GLTY & Go CYTR!
lol, n3! Saw that earlier over at twits. Imagine filing a lawsuit complaining you got bad "inside" info and sold your .50/sh stock for $1.50. Case has no merit, so will probably be dismissed or withdrawn, IMO. But it does give a pretty good idea how Dr. Soon "operates", and CYTR SH's might be feeling the same regret if they sell their shares cheap before we even know all the facts. I wonder how many here would do the same thing if given the chance? We may have to wait a while to find out, but I'm gonna hang onto my CHERS! ;p
And it also appears "Sabby" still has "put" a small interest in CYTR after selling off shares that I thought they had sold earlier? How many more do you suppose they have?
HAGN and GO CYTR.
Yep, more than a dozen men, women and children didn't make it out alive during the wildfires in and around Gatlinburg a year ago next month. Most had little, if any warning, before it was too late. I don't plan to lose as much as they did in any case. Still holding my shares so can't lose more than I already have. Thanks.
GLTY & EDIG!
I don't think FF did a very good job at anything. So I figure the lawyers he teamed up with were no better. And with the AIA passage, it made it even harder to defend patents and collect $$$, so it all withered on the vine so to speak.
The patents should stay with EDIG which could merge, partner with, or be bought out by another entity on a non cash basis. If desired, EDIG could do a R/S, increase A/S and raise enough funds immediately to resume operations and actually develop something marketable. Maybe Nunally was keeping his best ideas to himself, rather than waste sharing them with FF. It's actually a bit more clear now.
"One man's trash is another man's treasure." And reality may be a figment of your imagination. ;p
All IMO. HAGN and GLTA next week!
Whomever EDIG selects, or the Trustee appoints, for the CEO, hopefully has a law degree to go along with their MBA. Right now EDIG needs both as there's gonna be a lot of new legal proceedings filed in the months ahead. He/She wouldn't have to be the sharpest Harvard grad. Anything's better than an incompetent junior college drop out named Fred. Someone that will work for "peanuts" and "shares" for a chance to make it BIG, later. ;p
I'm waiting on that SCOTUS's ruling on the AIA case pending, as it could reopen a lot of EDIG cases where the settlement amounts were influenced by the AIA and the IPR process, and in future cases as well. That ruling could be rendered anytime now, and will be BIG NEWS! We all need to watch out for that!
IMO. GLTA & EDIG. Hoping for another GREEN WEEK!
Yep, I agree. After being up over 100% earlier in the week, time to take some profits, buy on the dip and wait until Monday.
Have a great day all and GO EDIG! It's Miller Time!
Guess there are at least a few SH's that are wanting to get out before that 10/5 meeting. Hummm, wonder if they know something the rest of us don't? Maybe it's just profit taking. Otherwise, I'd expect the pps to continue with the uptrend from historic lows, IMO.
Go EDIG!
Just need a couple of "Bull Whales" to show up and these sub-penny shares will be GONE, IMO.
RUN EDIG, RUN!
Who lowers their ASK to .0045 when the "last price" was .0049? Only an idiot or someone trying to lower price for another reason. MM!! Slap that ASK folks. Time is running out to get em this cheap, IMO!!
GLTA/EDIG!
Do you suppose that the "shorts" have been losing theirs and are having to cover at this point raising both volume and pps? Any thoughts on that?
HAGN all & GO EDIG!
Well, you can still buy EDIG shares on Scottrade. I'd say there are a few noobies getting in for the first time, and as you said, mms playing the momo, and perhaps even a few former SH's that sold their shares, "Prematurely".
But it is what it is, and what we don't know at least can't kill us. Broker maybe. I see a lot more positive things ahead NOW than I did on July 7th. I've recovered almost 25% of my EDIG losses. Who knows, maybe I can get 50% or maybe even 100% back. I never would have expected anything close to that a couple of months ago in my wildest dreams! ;p
GLTA/EDIG!
And I get NOT ONE comment on my story about the farmer. WTF!!!
I'm just going to sell my shares and move on. JEEZ!!! LOL!!
GOOOOOO EDIG!!
You said, "Once done, last thing PN needs, is 293,000,000 shares that do nothing for him...".
Why not? That's all LT investors have had in EDIG for all these years. Only those that snatched up those 50-something million shares after the BK filing, and posting now, have done VERY WELL INDEED, and will continue to do so until..., whenever. I don't think many LT holders can say that, and "they" just so happen to be the ones working so hard behind the scenes trying to get the EDIG train back on the right track..., for nothing? Pat should be willing to work for peanuts, if not shares, then maybe they'll do something for him. ;p
I think a merger of sorts is in the works and that would be much easier to get SH approval than an R/S unless it's large enough to get EDIG on NASDAQ where the BIG $$$$$$ is, while putting the company on a more sound financial footing. They already have the IT so the rest should be relatively simple if done correctly with the proper leadership and legal team.
All IMO. GLTA/EDIG!
There's a good story in that one, rootus. A farmer with his horse drawn wagon were headed into town one day when a speeding car plowed into them throwing everything wildly in all directions. The farmer found himself on the roadside with a broken leg and other serious injuries. The horses also had grave injuries. When the local sheriff showed up he surveyed the damage an upon looking at the injured horses, pulled his pistol and promptly shot each one putting them out of their misery. Then he walked over to the farmer, who was at this point doing his damndest to get on his feet saying in a loud, painful voice, I'M OK, I'M OK!
The point is the horses had no voice but the farmer DID and wasn't going to go as easily. :D
GLTA/EDIG!
EDIG's looking good today. All indications are that the Chapt 7 will be dismissed. No reason not to be based on the facts of the case.
Afterwards, I seriously believe that a merger or BO will take place for obvious reasons. Both these events should reflect favorably on EDIG's pps. IMO, anything below .01 is a steal for investors considering an entry point in an already established technology company with patents already registered.
EDIG's next lawsuit should be against FF et al, individually and Ilia Technology, corporately for a variety of misdeeds and fraudulent activity and yes, patent infringement. Bankrupt those sorry SOB's for a little payback! lol!
All IMO. GLTA/EDIG!
Yep, I remember that. Same deal this time around except it's even less routine as in "Special". Some folks have a hard time figuring these things out for themselves. You can learn a lot reading posts and doing a little fact checking along the way.
Can you believe that MAR $1 CALL Options went for .02 yesterday!? I can't get them for that since minimum bid on Strade is .05. I have a bunch of those as well as DEC CALLS, and a whole bunch of shares. I'm ready to see a major reverse trend. Tired of this BS pit CYTR has been wallowing in for the past several weeks.
All IMO. GLTA and CYTR!
That's right, no question about that. But it will be the same song and dance when that time comes for whatever the reason might be. It really wouldn't surprise me if the whole deal was cancelled before it happens. I think that possibility was even mentioned in the proxy statement that they could do that. CYTR will get that NASDAQ ext and remain listed for the 180 days or however long it takes for further appeals to be heard. By then the pps will be well above $1. AND, if Kman resigns, retires, or is otherwise removed, make that $2! LOL!
But you go ahead and vote how you feel. I already have. AGAINST!
All IMO. Go CYTR!
A R/S is RARELY something a SH would vote "For". If CYTR was broke and facing bankruptcy or needed funds to generate additional revenue maybe yes. Otherwise, no. Everybody who owns CYTR shares wants to remain on NASDAQ. SH's, Tutes, SK/BOD even NASDAQ. SK knows this and knows the extension and/or further appeal(s)will keep CYTR listed on NASDAQ for the immediate future. He's just using the R/S as a ploy to get SH's to vote YES giving him back control of the company under the guise of getting delisted while complying with NASDAQ's expectations for a company facing delisting. There is no stated reason for the R/S other than the BS stated in the proxy statement and elsewhere. Feelings are that SK intends to raise the A/S and then start the dilution process again for him and his friends benefit if the R/S unexpectedly passes. I voted AGAINST and have until 10/16, 11:59pm to change it, if I want. But I don't see that happening no matter what happens between now and then. However, I suppose my vote could be BOUGHT OUT! ;p
Just my thoughts and opinions on the subject.
GLTA/CYTR!
I just went by what was in the proxy statements which laid it out good enough for me. It don't matter since I just voted AGAINST RS online. That way SK and the Boys will know ahead of time so they can come up with a better plan or offer, IMO. These .40's are starting to bore me! Time to move UP!!
GLTA/CYTR!
Here's one link where you can read up on the AIA case pending before the SCOTUS.
PAY ATTENTION GOOGLE OR JUST PAY UP!!!
https://www.lexology.com/library/detail.aspx?g=09e6658a-74ec-4f90-a6c8-95f514a53151
Happy reading! ;p
GLTA/EDIG!
That's a complicated subject. A patent is not worth much unless it finds it's way into a useful product(s) that someone is willing to pay for. Because IT is frequently stolen and/or imitated it is often necessary to file suit for patent infringement. I believe there is a case before the Supreme Court at present which involves the Leahy-Smith America Invents Act (AIA) which was set up under the Obama administration to make it easier to defend against patent infringement. Given the change in Courts makeup and the new administration, the AIA could likely be overruled in the case being heard and the whole premise for it's existence done away with which would in effect allow the reopening and remediation of EDIG's previous lawsuits. At least that's my general understanding of the matter. In other words, if the AIA is done away with, this would be a game changer for EDIG.
Just one of several things I've recently run across. You can check it out yourself by doing a little research. Anyway, just my opinion on the subject since you brought it up.
GLTA/EDIG!
Yep, got it in the mail yesterday via my broker, Scottrade. I'm just going to save it as a keepsake and vote AGAINST R/S online like I did last time. I'm still expecting further developments before the SHM and the voting results. Maybe Kman resigns or NASDAQ extension granted? Or anything else for that matter. Otherwise, it's likely to be a long and likely "red" three weeks til 10/17.
IMO. GLTA & CYTR!
I haven't seen the word "routine" used anywhere in the proxy statements and I don't think a "special" SHM with a proxy vote, with amendment, could hardly be considered routine. I'm voting AGAINST although I don't think the R/S is anything other than an attempt to reach compliance with NASDAQ except for the possibility of SK/BOD getting an early Christmas present, except for all the "Grinches"! lol! Otherwise, why would have Kman and the BOD been so accommodating to SH's?
IMO. GLTA/CYTR!
However, I do find it odd that "ABS" (Abstain) is actually a choice on the proxy ballot. Guess that means you have no preference. Most folks "abstain" by just not returning their ballot and not voting, period. If you do nothing, your shares are supposed be counted as a votes "AGAINST". I'm still waiting to see if we get we get any real news before I cast my vote AGAINST. Hope to see $1B4RS myself, or a 180-day extension from NASDAQ.
IMO. GLTA/CYTR!
Didn't you read the proxy statement? It says, "If you 'abstain' from voting on the Amended Proposal, it will have the same effect as an 'Against' vote on the Amended Proposal."
To abstain is not voting "for" or "against". I don't see how folks are missing and/or misinterpreting that statement. Anyway, I hope that clears it up for ya. Vote NO and send a message!
IMO. GLTA/CYTR!
And the proxy statement is right about every SH needing to vote. Don't just abstain. Send a message with your vote. You either approve of CYTR's current situation/pps, or you don't. If you abstain, although it's still a NO vote, SK might take that as a "positive". There should be no question that SH's want Kman gone. That is if the BOD ever wants anything from SH's. So be sure to vote! It's that important!
Maybe our CEO and BOD will wake up and smell the coffee before the SHM and all this goes away, and everybody keeps their job...for now!
IMO. GLTA/CYTR!
Great, Joe. I'll give ya that. Just stay with it! ;p
GLTU2 and EDIG!
More than you realize. lol!
And if EDIG were to merge or be bought out by a profitable company in a similar line of business, EDIG's losses carried forward for all those years would be a major tax advantage/write-off for that entity. To bad FF and the BOD were so grossly incompetent as to not see any value in ANYTHING! I'd sue the pants off all of them. Pierce the "corporate veil" and get em all! EDIG just needs a good lawyer, IMO.
Yep, higher lows and the bid/ask are converging with a tightening of the upper/lower BB's, so a gap up after the CH 7 dismissal is indeed likely. Got a HUGE GAP to fill from .006 to .02, and anyone who picks up EDIG shares at these prices will undoubtedly be making "BANK" on 10/5 and thereafter.
I'm holding onto my shares and will try to double up on any dips between now and then. We all know the EDIG pipeline is full and ready to explode once the BIG sequence of events start to play out. You'll be chasing it after that!
I'm counting on EDIG collecting on the O & D insurance policy for FF and the BOD plus civil lawsuits filed by EDIG against these individuals for their wrongdoings. A form of derivative action. With that $$$$$ EDIG should be able to get going again. Just need some cheap attorneys willing to work on a contingency basis. Just like the new CEO and BOD. We can pay them in stock if nothing else.
All IMO. GLTA/EDIG!
Preferred shares usually have exponentially higher voting rights and value compared to common shares. Evidently the holder of the P/shrs changed their mind and decided to vote for the R/S which amounted to more votes than what the S/H's had so they got screwed. Wasn't even necessary to hold another vote because of that event. But they had to do something. It was either that or the company ends up going bankrupt sooner rather than possibly later.
NOT THE CASE with CYTR. No Preferred shares issued or outstanding (per the proxy statement), and CYTR has ASSETS (cash, P/ship, pending NDA, LADR, and shares yet to burn! lol!)! Why CYTR is at .42, I don't understand. Why DCTH is at .05, I do. Hope that helps.
IMO. GLTY/CYTR!