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Apple has never had anything to do with EDIG - it has just been a recurring urban myth among the faithful.
It's the stock equivalent of someone having faith that a potato chip shaped like the virgin mary is really a spiritual sign from above.
LL
It is becoming more of a joke every day. I notice commentary on another board parsing the comments of the BOD to a shareholder that shareholders will be very appreciative of the patents when the new iPhone comes out. Of course, the comments are being downplayed to not mean what an ordinary observor would think.
If a BOD member says that to a shareholder what is the obvious conclusion? That something will happen, most likely with Apple, that would create revenue or PPS increase for the company. The conversation taking place now of course is "how could anyone think that?" It was just an off th e cuff comment - forgetting it was made by a member of the BOD to a shareholder at a SHM.
Again - what a joke.
LL
You must be right because of the massive amount of volume today. I think it's up to $87 of trades. That's 87 dollars.
LL
I am not sure it will be that big. At least the name is not quite as ridiculous. I can hardly wait to see what the excuse for zero progress is in the next quarterly report.
LL
I would say you are correct.
LL
What's most instructive about this dialogue is that there are so many posts devoted to it, people taking opposing positions, etc. On most stock boards there is usually something being discussed related to the stock. EDIG's biggest event of the year is when the website goes down. That should tell investors something.
And regarding customers - what customers?
LL
I see the PPS is moving back toward the 2's again.
LL
The sky fell years ago in san diego. An increasing number of EDIG shareholders become aware of this as time passes.
And the fact that the website was down is meaningless since EDIG has no "word" to get out to anyone anyway.
By the way, I've gotten plenty of notices from companies like (and including) bank of america when they have website issues. It's a sign of respect for their customers.
LL
One of their top accomplishments of the year.
LL
Upon reflection I agree with you because the EDIG website has absolutely nothing of importance on it.
And any company valuing its customers and using its website to "get the word out" would have reassured its customers. Oh, wait, eDIG doesn't have any customers.
LL
Any serious company would have protection - our company could never have been "attacked" like this. It's silly. And the fact that they issue no information shows how little they really care about a) their shareholders and b) getting the "word" out.
And Fred being on top of it - that probably means he's asleep with his head on his laptop.
LL
It's really just another example of the fact that EDIG is not a business - they are "in the business" of keeping shareholders hooked. There are 7 people in this company. When they get to work, probably within the hour, they will be in touch with the builder or service provider of the website, pay them or take care of whatever the problem is (could be an error on the part of the web-builder) and get it back up. The point being, a real company would have been aware of this already and have it taken care of.
EDIG is not really interested in taking care of its customers in the way a real company is, they are interested in continuing to talk about what's going to happen and how great it's going to be - the shareholders are already hooked, many feel they need to buy more to justify the original investment, and they just need to keep balls in the air. Shareholders, once the site is back up, will rationalize the "blip" and continue to discuss how great patents and nunchi are going to be.
LL
Looks like EDIG forgot to pay their bill.
http://www.edigital.com/
This site has been suspended.
If you are the owner of this site, please contact customer support.
LL
If the volume gets up to a million shares daily and the spread is 2 to 3 cents, then it's worth paying attention to. In my opinion of course.
LL
I hope you are right. I'm sure your total average cost basis is higher than .025.
LL
Looks like the "run" is over. Again, IN MY OPINION, the uptick was the result of shareholdeer purchasing perhaps with the aid of some of those who play around in the penny stocks for a few hundred bucks a trade.
LL
They have NEVER owned up to the MicroOS BS.
LL
Yep - I thought yesterday was interesting, but less than $10k of trades today.
LL
As do I my friend.
I'll try to restrain my pessimism.
LL
You are correct - but very low volume - $13k in trades. Gots to have your volume and your PPS increase my man, otherwise how do you get out once you're in?
Hopefully it will continue and good things will happen, but looks to me like happy current shareholders doing the buying.
LL
Interesting - finished at .042 which was bid. .042 x .045. But only $13k in trades. Has to be 20x that amount to show significant interest outside of current investors IN MY OPINION.
LL
I would love to dream about it (It would be like "Do Androids Dream of Electric Sheep"). But I've been down this same path many times - along with many others here - a much higher prices and volumes.
Like my good friend Coyote says, I had the opportunity to sell there, yet here I am. So I find it interesting but not excited about it.
LL
Bid size now dropped to 14k - I'm guessing that's it for the day, still not enough volume to mean much unless one is buying and selling 10k - 20k lots.
LL
Now at .04. Vol at 152k. I am shocked. In the old days I would have said someone is buying for a reason, but I've said that before when this was happening with a million shares trading and have been wrong.
May be that Quiet Tim might have to be renamed Smart Tim.
LL
I'm looking at marketcaster live and it's still at .038 which is the bid; ask is at .045 but high of the day is .038.
Bid size is 324,000, while ask is 26,000. Draw your own conclusions. I will confess I never thought it would get up close to .04. We'll see.
LL
I don't see the patents as having any real strength - I think it is going to be difficult to find a firm to bring litigation on a contingency fee basis - but I hope I'm wrong.
LL
They also did it with a billion dollar OEM, Fujitsu 10, multiple airlines ("opening orders" - still one of my all time favorites), etc. Only this time I think the audience will be a little more skeptical.
LL
my CURRENT holdings.
LL
Never. Don't rain on the parade. I think almost $14,000 traded today, 1/10 of the original value of my holdings.
LL
Oh my, forgot to add, in my opinion and based on my 12 years of experience in watching this stock. Better?
And yes, I believe you are correct - for every sale there is a buyer an a seller, not me in this instance.
LL
A lot of the buying is from current shareholders. If it continues to climb, who knows? If I tried to sell my 300,000 shares I can guarantee what would happen.
LL
According to EDIG, stealth mode was at the addvice of our attorneys. We have no idea if that is true. Repeating what Fred or EDIG tells us is meaningless IMO.
And all that stuff re filing, etc., is great, except until Nunchi makes some kind of appearance, it is meaningless to investors. And EDIG has traded between .025 and .035 for quite a while. When it gets above .10 on volume I'll be paying attention.
We went through all this patent stuff before, and all it did was regularly decrease the PPS into the single digits.
LL
Brad, if they were getting any traction at all they would be out of stealth mode in a heartbeat. Stealth mode is BS.
LL
I think stealth mode is EDIG's cover for not having anything to tell us. Let us know when it comes out of stealth mode and makes a public appearance in any form. For the record, I don't think it exists.
LL
Thanks for keeping those dates straight. I'll be happy when it become visible - though I suspect they are far behind the curve of other companies that are actually doing this stuff. Also, I really doubt it will ever be visible.
What tickles me is that people talk about Nunchi as if it actually exists, and there is not a scintilla of evidence that it does.
Bill
Only a year ago - that's pretty stealthy. Must be a massive secret to keep it in hiding this long. Can't wait until this is revealed to the world. The Invisible Nunchi.
LL
Now I understand. This is an explanation from another board. The only thing that was omitted must be "Nunchi is also invisible by design."
"Well, I need to shed some light on this for ya.
Yes, Pat was said to "lead the Inno Grp" per Fred in the 3/14/11 webcast. By that date exactly, 6 NUNCHI patent apps had been filed. As a private consultant on an as needed basis, his services are utilized. Heck, looks like the Inno Grp is now back to being e.Digital.com anyway right?
Between 3/14 and the 9/1 SHM, he remained involved in the NUNCHI effort as evidence of what he had to say in the 9/1 presentation. It was obvious he participated in presentations to prospective clients along with Fred and Allen, to include the "private" CES meetings in Jan-2012. IMO he was involved it the preparation of reexams meetings in Dec and Jan, but don't know if he was there for sure? He has also been the lead in responding to RCE's for 774, 737, the encryption patent, and 6 NUNCHI's, based on company Q statements, PR's and SHM comments.
If you think about it, everyone does their thing in the shadows and only Fred puts out the info. Take the financials 4 times a year...the CFO does the work and Fred signs it.
Pat's still involved, he's just invisable by design."
LL
The encryption patent is a joke. It will most likely never be granted and, if it is, it will cover technology that will be more than a decade out of date.
LL
No offense - but if EDIG has nothing to sell and nothing to litigate or enforce, then the dates don't matter. You can be correct about every timetable and every date, but until EDIG puts something of substance on the table, until they can do something more than talk about a video they showed at a SHM going on two years ago, all the dates in the world don't matter.
But, with regard to dates - the longer they wait before doing something about 774, the less time they have, and the smaller potential damages get. So the clock is indeed ticking.
LL
Joe, what progress? Can you describe it? Is there a partner, a license? Or did they make some phone calls? Why do you believe anything they say?
And the patents are meaningless. Anyone can file for a patent. Untl EDIG states something of substance in a public filing you can be assured they have done nothing. Falk is RP Lite.
LL