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EDIG will say they need money to build and market the water thingee which is actually something that already exists in the market. It will sound convincing enough because EDIG will have a manufacturing "partner" and the FI folks will buy into it and EDIG will have enough money to keep going in my opinion. They are pros at this and have a bunch of folks willing to believe anything as the past decades have proven. Those folks are ripe to have their pockets picked again. I will buy the pop and sell before the momo players bail.
FI folks think and EDIG has implied in their PRs that they have patents that say that any company that uses sensor information over the internet that analyzes and informs decisions infringes NUNCHIE. This is just what I have read and determined. That is why they think it is a gold mine. Everybody infringes like with the flash patents. Very broad infringement is implied. The reality is much less broad in my opinion.
Fantasy Island folks are easily flim flamed and look for any justification real or imagined for their continued investment. Google had EDIG on the ropes at the IPR because IPRs are only initiated if there is a very good chance at wreaking the patent that is why they succeed most of the time according to official stats. All this can actually be looked up. Google let EDIG off the hook for a nominal or no money and EDIG gets to keep trolling along in my opinion. The FI folks think it is some super secret partnership worth billions (or TRILLIONS! snicker) that somehow does not have to be disclosed to the SEC as a material event for a company that is so short on money. Total fantasy which actually fits!
I love this from July of 2001!! Sound familiar?>>>>>
"Trouble is, this company's shareholders have been told they were on the cusp of great success for many years. Maybe it's finally true. Maybe not."
I would say NOT! 15 years later and the company still appears to be on the cusp of success with great implied potential! EDIG has truly become a farce in my opinion.
If you got a new "Letter from the President" it would be full of crap like the other 10 or so turned out to be! If you read some of them it seems amazing that EDIG came up totally empty...as I am sure they intended.
Here is a good one! LETTER FROM THE PRESIDENT
This letter is a direct communication from the President and CEO of e.Digital Corporation (OTC: EDIG).
March 29, 2001
Dear Shareholder:
This week will mark the end of the quarter and the end of e.Digital's fiscal year. While our Form 10-K is scheduled to be released before June 30, 2001, I would like to provide you with a summary and update of our activities per our Shareholder Communications policy.
Annual Summary
A year ago, a handheld Internet music player design and the Cquence Mobile products created for Lanier formed the central core of our business. While continuing to support these, we also created a selection of new voice and music product platforms over the last twelve months based on our patented MicroOS(TM) and MicroCAM(TM). We have a growing list of OEM customers, licensees and partners including such respected and pioneering companies as Intel, IBM, InterTrust, Liquid Audio, Microsoft, Dolby Laboratories, Lanier Worldwide, DataPlay, EASTECH, Lucent Technologies, Maycom, QDesign, Remote Solution/HanGo, RioPort, SanDisk, Samsung, Sony, and Texas Instruments, among others.
The past year included the development and introduction of MicroCAM, a powerful new tool based on our patented MicroOS technology. MicroCAM is a key element in our digital audio recorder/player designs. It provides a flexible interface with most major forms of storage media, both embedded and removable, rotating and static. It supports multiple copyright protection technologies. It enables portable units to transparently manage multiple voice and music compression and decompression formats, as well as manage data buffering for rotating storage media by means of our proprietary M4P2(TM) technology (Moving Media Memory Manager for Portable Products). MicroCAM also incorporates e.Digital's proprietary AMIS(TM) (Audio Manager Interface Software), PC software created to handle the seamless transfer and management of audio files between a handheld audio peripheral and PCs employing a variety of popular PC-based audio management programs.
Developed to handle the varying requirements of digital voice and music players, MicroCAM is one example of e.Digital's proprietary, modular approach. MicroCAM is a strong foundation for a new generation of products that meet OEM customers' specific needs for business and entertainment products. The foundation that we have created over the last year is the basis for your company's success in current projects and in executing our plans for the future.
To further strengthen your company's foundation, we added Bob Jecmen and Victor Ramsauer to the Board of Directors, and we have hired additional technical and engineering talent to support our development efforts and OEM projects. In spite of the current general market conditions, we are enjoying a continued influx of new business and projects. We are continuing to hire, building our foundation of technical expertise and engineering experience.
Following our business plan, we have dedicated strategic engineering resources to the development and implementation of new product platforms that include digital video for portable devices, automotive and home stereo designs, cellular phone accessories, and set-top boxes. We are working with multiple OEMs on specific applications of these MicroOS- and MicroCAM-powered platforms for inclusion in a variety of branded products.
Revenues
Revenues for the quarter ending March 31, 2001 are much improved over those for the quarter ended December 31, 2000. We shipped Cquence Mobile recorders and docking stations to OEM customer Lanier Healthcare during the March quarter, and shipments are expected to continue during the coming fiscal year. We expect more information about Lanier and their plan of operations to be forthcoming.
Our customer list continues to grow through our marketing efforts and through referrals from our OEM partners and licensees. Development work performed for our OEMs during the March quarter is expected to contribute to significant growth in non-recurring engineering (NRE) fees and royalties over the next several quarters. Revenues for the fiscal year ending March 31, 2001 are close to equaling the total revenues for the previous three fiscal years combined. The company has minimal debt and a good cash position.
HDD-Based (Hard Disk Drive-Based) Digital Jukebox Platform
Manufacturing of our HDD-based digital jukebox platform has begun with production of limited quantities. Initial production units have been and are being delivered to OEMs and the press.
OEM licensees are moving toward full-scale production of our HDD-based digital jukebox platform, only seven months after this product's conception. While there are the usual initial production and day-to-day parts issues, they are being addressed by our OEM licensees and their manufacturing facilities.
We are very pleased with the initial reception to our HDD-based digital jukebox platform. Using an embedded IBM Travelstar hard disk drive with a 5, 10, or 20 GB capacity, this platform is capable of storing several thousand of the end user's favorite songs. Our storage capacity, feature set, battery life, ease of use, and formats supported widely exceed those of other jukebox-type products currently on the market, while our costs, physical size, and component count are much smaller by comparison. We are further developing this platform to incorporate speech recognition as a way to navigate and find specific songs/files. The benefits of our HDD-based digital jukebox platform are a direct result of the strength and flexibility of our MicroCAM technology.
Based on current information provided by our OEM customers and OEM licensees, we anticipate availability of consumer products based on our HDD-based digital jukebox platform in retail distribution channels within the next quarter. Many of our announced as well as unannounced OEMs and licensees are expected to make announcements when their consumer products are formally launched.
DataPlay-Enabled Platforms
Because of our proven ability to integrate DataPlay's revolutionary digital media into product designs for multiple OEM customers, we have accelerated our development of additional DataPlay-enabled product platforms based on our MicroCAM technology.
DataPlay and e.Digital are working closely together to meet the needs of several OEM customers including those previously announced. Per our royalty-bearing agreements announced in January, e.Digital is developing two DataPlay-enabled product designs for OEM customer Samsung: a PCMCIA Storage device and an MP3 encoder/ multi-codec music player. (Please see our press release dated January 5, 2001 for more details.) We expect announcements detailing additional OEM customers and their products surrounding the consumer launch of DataPlay digital media.
Our "Orbit" music player reference design was mentioned and pictured in the March 2001 issue of Esquire magazine. With the assistance of Fleishman-Hillard, we expect to receive increasing media coverage in relation to our work on DataPlay-enabled product designs as well as our other product platforms.
We also expect to see more media coverage of DataPlay and its technology. DataPlay is receiving widespread industry support and has received investments from industry leaders including Universal Music Group, Creative Labs, Samsung and Toshiba. Three of the five major record labels-Universal Music Group, the EMI Group, and BMG-have announced that they are planning to release pre-recorded music and e-book content on DataPlay digital media. We believe that this strong support for DataPlay will contribute to increasing business for e.Digital and significant sales of our MicroCAM-based, DataPlay-enabled product platforms through multiple OEM customers.
Summary
According to IDC, digital audio player shipments worldwide are expected to increase at a compounded annual rate of 51%, from 3.3 million in 2000 to nearly 26 million in 2005. The United States is the largest market for these products. Shipments in the United States are expected to grow from 2.8 million units in 2000 to 18 million in 2005. IDC also predicts that hard-drive based jukeboxes will become increasingly popular. Portable players are expected to account for 61 percent of worldwide compressed audio device shipments by 2005, dominating the market.
Desktop PC sales growth is on the wane, while new generations of powerful digital consumer electronics products-including those using e.Digital's MicroOS- and MicroCAM-based platforms-are expected to enjoy compounded annual growth worldwide for the foreseeable future.
While I understand your desire for more details and the latest progress reports on our OEMs' consumer products, I want to emphasize that the final feature set, look and feel, retail pricing, distribution channels, and time frames for formal announcements and consumer product launches are controlled by our OEM customers and licensees. In some cases we will be working with our OEM customers for many months before their names and the details of their products are formally announced (i.e. our DataPlay-enabled product platforms). In other cases, development, manufacturing, publicity, and marketing are on more aggressive time frames to meet demand for new products. We do expect announcements concerning other product platform developments beyond DataPlay and our HDD-based digital jukebox platform in our next quarter.
I want to acknowledge and thank our sales, marketing, and administrative staff, and all the members of our talented engineering team for their long hours, dedication, and hard work in meeting the needs of our growing list of customers and licensees. Our revenues, product platforms, and number of OEM customers, licensees and new business opportunities have all substantially increased since March 2000 due to their efforts.
I want to thank you, our shareholders, for your continued support. I want to assure you that we are performing, delivering and continuing to build upon the business foundation that we have put in place over the last two years. With the assistance of our OEM partners, customers, and licensees, we look forward to announcing further developments, and more importantly, rapidly growing deliveries and consumer availability of "Powered by e.Digital Technology(TM)" products in the coming weeks and months.
Sincerely yours,
Alfred H. Falk
President and CEO
About e.Digital
e.Digital Corporation offers an engineering partnership for the world's leading electronics companies to link portable digital devices to PCs and the Internet. e.Digital develops and markets to consumer electronics manufacturers complete end-to-end solutions for delivery and management of open and secure digital media with a focus on music players/recorders and portable digital voice recorders. Engineering services range from the licensing of e.Digital's patented MicroOS(TM) and MicroCAM(TM) technologies to custom software and hardware development, industrial design and manufacturing services. For more information on the company, please visit www.edig.com.
# # #
Safe Harbor statement under the Private Securities Litigation Reform of 1995: This document contains forward-looking statements relating to future performance, technology and product development that may impact on future results and the future viability of the company. Actual results could be affected or differ materially from those projected in the forward-looking statements as a result of risk factors such as: future products and results; technological shifts; potential technical difficulties that could delay new products; competition; general economic conditions in the markets in which the company operates; the ability of the company, its customers, and suppliers to solve latent Year 2000 compliance issues; pricing pressures; and the uncertainty of market acceptance of new products by OEM's and end-user customers.
Note: e.Digital, MicroOS, and MicroCAM are trademarks of e.Digital Corporation. All other company, product, and service names are the property of their respective owners.
CONTACT:
e.Digital Corporation: Robert Putnam, (858) 679-1504, robert@edig.com
This message has been sent to you from e.Digital Corporation
E.Digital's letter of confidence has an air of uncertainty
July 4, 2001
Losses are mounting at e.Digital, the maker of portable products that link personal computers and the Internet.
In fact, last year's losses were about double revenues, but the company -- known in the past for big claims that didn't bear fruit -- professes optimism.
The chief executive's letter to shareholders exudes confidence.
But the 10-KSB report, filed with the Securities and Exchange Commission late last week, admits that there is "substantial uncertainty about future operating results."
According to that 10-KSB, revenues increased 270 percent last year to $1.83 million. But the company lost $3.65 million, or 7 cents a share, compared with a loss of $2.61 million, or 5 cents a share, the previous year.
"Notwithstanding delays, progress has been made with our (original equipment manufacturers) and manufacturing partners on our hard disk drive-based jukebox designs and other product platforms," Alfred H. Falk, president and chief executive, said in the letter to shareholders.
"Service offerings are expanding significantly," enthused Falk, who also talked of valuable strategic partnerships and noted that the personnel count was up 30 percent.
"We appreciate your desire for more news and details on our products, projects, agreements and relationships," Falk said. "We also share your frustration that expected announcements have been delayed."
The 10-KSB reported that the company has established relationships with such companies as Lucent, Intel, IBM, Texas Instruments, Microsoft, Sony and Toshiba.
The document also revealed big increases in administrative and research and development costs.
But, confessed the 10-KSB, "There is no guarantee that we can or will report operating profits in the future." That is particularly true since one customer -- Lanier Healthcare -- accounted for 90 percent of revenues in each of the last two years.
The company has a fat accumulated deficit of $52 million. There are 130 million shares outstanding.
There is a reason that the letter from the president and the filing with the SEC have such different tones, explains vice president Robert Putnam.
Falk's letter describes "things that are on the verge of happening," he said, while "all financial filings have to be grounded in what you have done, and have all the disclaimers."
Trouble is, this company's shareholders have been told they were on the cusp of great success for many years. Maybe it's finally true. Maybe not.
The stock of e.Digital soared from 5.8 cents in early 1999 to almost $16 early last year. In 1999, it was the hottest local stock, even surpassing Qualcomm, as e.Digital zoomed 4,447 percent. Qualcomm could only muster a 2,619.4 percent gain.
A large group of e.Digital investors, including insiders, filed to sell 13 million shares in mid-1999 as the stock hit $2.26. Putnam says he doesn't know if the shares were actually sold.
But the stock closed yesterday at $1.43, down 3 cents.
Don Bauder's e-mail address is don.bauder@uniontrib.com. His phone number is (619) 293-1523.
Falk never made any promises. Shareholders wild imagination and greed caused their many losses over the years. EDIG only said they were working on this or that and that there was "potential". EDIG said their patents are "valuable" and they have absolutely proven to be valuable allowing Falk to receive his salary healthcare and pension benefits and financiers to receive a nice return on their investment.
Fred done good for a 2 community college drop out majoring in aviation and meteorology! (the study of weather not meteors) Be happy for him! He made an entire career playing greedy technically and legally naïve investors who are overly trusting. Much like Seinfeld was a show about nothing EDIG is the corporate doppelganger. A company about nothing! My opinion just in case EDIGs next biz is suing message board posters. Bada bing! OUCH! Leaves a big mark on marks.
mR.Fred Falk cannot answer emails (unless they are from the Bada Bing guy) lest he run afoul of EDIGs SEC advisor (that guy is a real stickler!) or compromise the valuable NUNCHI technology (uh isn't that what patents are for to protect technology?) Fred his accountant and some other guy along with consultant Doctor (snicker) Nunally are working on big things ya betch ya! Just look at their track record and all the success those good folks have had in their careers! They have successfully produced shareholders willing to greedily buy into any implied potential. In return they have reaped the reward of their invested time and the financiers invested money resulting in a great return on their investment in EDIG!
Remaining shareholders are ripe to be plucked with the right story out of EDIG and when that comes I am going to ride it up for a few days and double or triple my money. The momo players will ride in and stuckholders will average down yet again never learning that a day or 2 after they are buying they should actually be selling! I would have sympathy but for the fact that this has played out so many times with EDIG it should be clear by now. IN the mean time it is great entertainment to see all the rationalizations on why the company never seems to produce large settlements or any real progress! Love that website though! 27 years of innovation!
The water thingee is bought into by shareholders and that is who it was designed for in my opinion like all EDIGs other thingees that went nowhere. Shareholders buy into the concept and the company can play them for 1-2 years until they become suspicious that they are hearing no real progress and a new carrot is then introduced by EDIG. I think EDIG is going to really slow walk the water thingee and maybe drag it out 3 years. Ya got your initial described concept then several months go by and you have UR early prototype then you have your actual prototype then more months go by and you have your production ready prototype then it takes a few months to get an engineering firm to do the initial build then more months go by and you do UR marketing study and you get the picture. EDIG shareholders are prime to be plucked all day long. I bet EDIG uses this charade to get enough shareholder interest to sell those 50 million authorized but unissued shares. Water monitoring using remote sensors and the internet is not at all a new business EDIG invented in 2011 with NUNCHI patents. It is only if you are a deeply under water EDIG investor who does not bother to do a little research on the internet. 2.9 MILLION SHARES! OUCH! Talk about taken for the full ride.
Bada bing T! Owwww that's gonna leave a mark!
Not even that 20 year old Seeking Alpha kid who seemed to buy into EDIGs nice sounding PRs and history was foolish enough to actually buy shares until he saw real money from the Apple settlement...which never came. Smart kid! He has not even been burned by being an investor in EDIG and buying into their DOZENS of implied potential PRs for well over a decade and coming up empty.
Legally and technically naïve investors are casting about trying to find a reason the company never really seems to communicate a rational business plan that will lead to a sustained increase in share price. As if 8 years of nuisance value settlements that never seem large enough to do more than keep the company trolling along is not enough to inform investors what the future holds. My opinion!
Teddy is 87 and bought his shares at $25 so no he will probably not live long enough to recover his original investment. Actually nobody probably will.
"It is sad that shareholders do not realize the meaning of such low dollar value settlements and instead think they are making progress!"
"they" would be both shareholders and EDIG.
Why would I send this info to EDIG? They know what is going on in their business better than I do I am just offering my opinion based on research.
The water thingee customers are the shareholders! That is the only reason it was developed and my bet is EDIG is going to sell their 50 million shares which are authorized but not issued in order to "bring it to market" in my opinion. EDIG will find a way to generate shareholder excitement to buy the shares. The remote water monitoring business was not invented by EDIG and it has used sensors for years which deliver information that is interpreted. Just because they use the internet does not mean they violate the NUNCHI patents as EDIG seems to claim. A couple of $70,000 settlements came in the last quarter from what can be determined. It is sad that shareholders do not realize the meaning of such low dollar value settlements and instead think they are making progress! In fact EDIGs settlements are low even by nuisance value standards! EDIG is not winning anything more with their settlements than continuing to troll along making their staff and the lawyers money while stringing shareholders along. Hey why not it has worked for over 16 years! When has EDIG not been FOS!
http://www.bsk.com/media-center/2730-rethinking-defense-patent-troll-cases---
MY BOLDING
Rethinking Defense in 'Patent Troll' Cases
Corporate Counsel
03-27-2013
Consider this scenario: Your company is sued for patent infringement by a non-practicing entity (aka, a “patent troll”), a holding company whose only assets are patents, and whose sole business is to file lawsuits in the hope of extracting money from the patents. To defend the case, even if the case is bogus, can be quite expensive, potentially costing your company millions of dollars.
In fact, according to a 2011 survey by the American Intellectual Property Owners Association, the average cost to defend a patent case is about $1 million when the amount at risk is less than $1 million, about $3 million when $1 million to $25 million is at risk, and about $6 million when over $25 million is at risk.
These amounts are staggering. And patent trolls know this.
They know that they have tremendous leverage at the beginning of a case, when defendants in patent cases are faced with the prospect of spending millions of dollars on defense. They know the thought process that companies go through when assessing a newly filed patent lawsuit: What is the amount at risk? How much will it cost us to defend the case? Can we settle the case for less than it will cost to defend the case?
With this in mind, many patent trolls put together settlement offers that range from “nuisance value” (five to six figures) to “cost of litigation” (seven figures). Faced with the daunting prospect of spending millions of dollars to defend a patent troll suit, companies often make a business decision to pay nuisance-value or cost-of-litigation settlements to the troll at the beginning of a case, even if they are convinced – and could ultimately prove after years of litigation – that there’s no infringement or that the patents are invalid.
Because of these tactics, patent trolls receive a lot of criticism. Many blame trolls for inhibiting innovation, for taxing research and development, and for driving up the cost of doing business. Others complain that trolls have an unfair advantage in patent
litigation because it costs an accused infringer exponentially more to litigate a patent case than it does for a troll. These complaints all have a common underpinning: the high cost of patent defense.
Why are patent cases so expensive to defend? Much of the high cost can be attributed to the billing rates charged by firms hired to defend these cases. Indeed, partners at AmLaw 50 firms typically charge in the range of $600 to $900 per hour, and their associates bill out in the range of $300 to $600 per hour. At these rates, it is nearly impossible to litigate a patent case efficiently.
Patent trolls salivate when companies hire expensive lawyers to defend patent lawsuits. They know that discovery alone will cost hundreds of thousands, if not millions, of dollars. They know that companies will feel the financial sting of defending these cases. And, because almost all patent cases settle before trial, any patent troll knows (or assumes) it is only a matter of time before defendants will settle. The greatest incentive to do so, sooner rather than later, is the high rate charged by defendants’ outside counsel.
Companies often hire big firms with the goal of trying to send a message to the patent trolls: “We’re tough, we hired Firm X, and this is going to be a battle.” But this approach doesn’t work with trolls. They aren’t afraid of going up against any firm, and usually interpret the hiring of expensive counsel to mean: “If you’re willing to pay high billing rates to outside counsel, then you’re more likely to pay our high settlement demands.”
Consider the following real-life example: A technology company was sued by a patent troll and hired a big firm to defend it in the lawsuit. The company was interested in settling the case but was loath to pay the troll’s proposed settlement figure. The company sensed that the troll had bloated settlement expectations premised on what it would cost to defend the case.
At that point, the company decided to find a firm with much lower billing rates to handle the matter going forward. Before moving the matter, though, the company asked counsel to make one last call to the troll to try to settle the case. When the troll was informed that the case was going to be moved to another firm with much lower billing rates, the troll’s settlement demand came down substantially – to less than a quarter of the amount they initially demanded – and the case quickly settled.
This example highlights the fact that the cost of defense is a major and significant factor considered by patent trolls when valuing a case. Whether your company is looking to resolve a patent troll case cheaply and efficiently, or whether you want to fight back and take the case to trial, the best way to level the playing field against a patent troll is to lower the cost of defense from the outset. Not only does lowering the cost of defense take away the substantial leverage held by a patent troll, it allows a company to better weigh the pros and cons of settling the case or fighting forward to trial, and to focus on the merits of the case.
Big firms do not have a monopoly on patent trial lawyers. Having worked with and gone up against patent trial lawyers from firms of all sizes across the country, I know that excellent patent trial lawyers can be found at reasonable rates. Also, alternative fee arrangements – such as fixed monthly fees, capped fees, and performance-based hold-backs – can help bring down the cost of defense in patent troll cases.
By reining in the cost of defense, your company will cut down on the substantial leverage held by patent trolls, who almost always are represented by contingent fee counsel and don’t feel the same “pain” of legal costs. Whether your company’s goal in a troll case is to obtain a fair settlement or to go to trial, lowering the cost of defense will help your company fend off the trolls.
Jeremy P. Oczek is a partner in the Intellectual Property and Technology Group at Bond, Schoeneck & King. His practice is focused on intellectual property litigation, counseling, and strategic advice.
The bada bing guy probably personally deleted over 100 accounts over there! When an account is deleted there it is not just a ban from the board but complete deletion of membership at the website. Usually for asking legitimate performance related questions. Hey you do not want new investors to stumble into the message board and see any doubt! The goal is to raise the share price by newbies seeing a lot of happy talk. That have been going on for years. If I was the company that ran that website I would be angry at all that potential lost business all from one person trying to rigorously control content. Fortunately most people are not stupid enough to read a message board and seeing only happy talk buy the stock. This isn't the 1990s! Even the 20 year old Seeking Alpha kid was smart enough to advise watching the stock for signs of actual performance before buying. He said wait to see the results of the Apple settlement before buying! Smart kid or else he would have been stuck buying at over 10c a share if he jumped in. Of course he would not stay stuck he would have taken his lumps rather than buying holding and averaging down for 16 years.
That was QUICK! RJ2002 GONE! No room for doubt when it comes to EDIG and Fantasy Island (tm). IN Falk we trust as he dances off into retirement "soon".
Next naysayer to get exiled! RJ2002-
Who is pulling
posted on Feb 17, 2017 05:56PM
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all my posts. Stand up and be a man and read the qualifications of this guy. He came from PCPI which looks to be a round table, or think tank. In other words a big circle jerk just like this board is getting to be. mo RJ
Fantasy Island folks LOVE CEO Falk and trust his every word of implied potential. There will be a pop in the share price when, in my opinion, he announces some kind of BS "partnership" and will gather their money together to buy shares so the company can keep functioning. That will be the time to sell.
Google let EDIG off the hook on the IPR which is the only reason EDIG is still able to be troll N along today. I base this opinion on the stats on IPRs that show they invalidate patents 88% of the time and if you google (no offense) "Patent death squad" you will see this is well documented that is unless you simply trust EDIG! Snicker. So the settlement with google was indeed a "win" for EDIG or they would still be here imo. My opinion is no money changed hands and the settlement was google dropping the IPR and EDIG leaving them alone and trolling their cash starved start up competitors.
It keeps the suckers strung along they still believe so the share price should hold up. EDIGs next BS play is coming and it should pop the share price a few cents.
EDIGs got those folks flim flamed for LIFE! The opportunity is ripe that they will pool all their money and buy more shares on the next EDIG BS play. They cannot help it they simply trust Falk implicitly. Make sure you sell when those fantasy island folks get really greedy and excited. They cant help it they are perfect marks!
If they have 3 licenses this current Q as they say then, based on the 75K they seemed to get for the 2 licenses in the last Q they will have 225K which is enough to cover the burn rate but not leave them with much. Of course some, maybe 40% of that take, goes to EDIGs lawyers so that might leave them short but I expect they will get a few more licenses this Q which might leave them ok and not have to raise money. I would expect them to concoct some "opportunity" to eventually sell those 50 million authorized but unissued shares they have. I still think they are FOS whatever play they come up with. Stuckholders are real gullible for those plays EDIG always seems to come up with so I would hold my shares and wait for the right timing when they are excited to sell for what ever I could get. I cant see the stock dropping because of this report because they did get some money coming in which will keep the eroded base of shareholder support holding.
Fantasy Island is thrilled with the report! There could very well be more averaging down tomorrow. They love what Falk has to say! Snicker. 70k nuisance value settlements made by companies trying to cut down on their lawyer expenses. Where is that GOOGLE settlement? Oh wait never mind. Must be some super secret partnership that somehow will mean YUGE munny yet does not have to be disclosed to the SEC as a material event for a company very much running out of money.
2 Licenses 151k or about 75k per and they already signed 3 this Q so that means about 225k this Q enough to cover the burn rate and keep a troll N along!
10Q OUT! REVENUE!!!! $151,000 in the quarter! NICE! To infinity and beyond!
https://www.sec.gov/cgi-bin/viewer?action=view&cik=886328&accession_number=0001683168-17-000352&xbrl_type=v#
$$$$Loyal Diggers get their REWARD TODAY$$$$
Bada bing!
Good thing you do not have any more money to put into this thing as you said because it sounds like you want to buy more! You still seem to believe even though there have been dozens of different moves EDIG has made over the last 16 years to appear to have potential. Some call them carrots. Somebody on this board once compiled almost a decade of EDIGs BS moves implying potential. Each one sounded convincing for an underwater shareholder or a dice roller. Taken alone there is not much to assume from these moves but the sheer number of them and the fact that not a one ever provided shareholders and sustained increase in share price tells me the next one they make and you feel the most greedy and thinking about how you are gonna be rich.....SELL!!!
When the collateral estoppel appeal was won I got in late and tripled my money on the momentum then sold rather than hanging on and watching the stock fail to produce the revenue necessary to sustain a higher share price. I knew they would not come through. The stock slumped for the high teens to 4c today.
No SEC filing today=Earnings probably ok so that's a bit of good news for you.
I was a long who got out and hops back in if there is a momo play like when the collateral estoppel appeal win came into play on the 108. I certainly do not hold the stock expecting them to come through on anything. In my opinion they are flim flam artists taking a kernel of tech truth and spinning it into a web of BS implied potential. Just like how EDIG claimed their Flash R patents applied to everybody using flash and only turned out to be for a specific kind of flash (NOR) that nobody important was using resulting in tiny nuisance value settlements so too will the NUNCHI patents turn out to be similarly less broad. NO WAY simply using and interpreting sensor information over the internet is something EDIG owns outright as they appear to claim. I think the tiny NUNCHI settlements thus far bear this out. How can EDIG do this without fear of judicial sanction from bringing frivolous lawsuits? Tech patents are just complicated enough to be fertile ground for nuisance value law suite. That is what EDIG does and has been doing since 2008. How has that worked out for shareholders? Not well apparently. So the answer is no EDIG will not succeed for shareholders but has succeeded for financiers like Polis and Fred Falk who has made an entire career out of it. Do I want EDIG to succeed. Sure I hate seeing people get BSed forever and lose so much money however I would not mind seeing the fantasy Island folks lose their money.
Current shareholders were averaging down the last few days imo in order to be fully loaded up for the big reward for their trust, loyalty and patience. Should be break even or a little better imo. That will excite current stuckholders and prompt more buying unless of course the report comes out PM Friday! Didn't they once put out a report at like 6 or 7pm on a Friday? Either this dog or PTSC.
If earnings are not reported today I expect they will be good as the deadline is Tuesday and most companies want to get out bad news at he end of the week rather then the beginning. The reason is to cool emotions and allow investors to think about the positives and not be reactionary. End of the day today would likely mean a bad report but also that the company felt it was bad and wanted to limit its impact in my opinion.
We are talking about "stuckholders" here not shareholders. Many have lost so much they see no point selling and also, somehow, trust those same people to deliver! EDIG management knows this and I am sure realizes it takes very little to play such investors. I certainly would never buy and hold shares actually expecting results strong enough for sustained share price increases.
All that being said if they were not still "selling" licenses they would be about broke according to the burn rate from the last financials and I doubt they would go broke without concocting a plausible rationale for people buying those 50 million authorized but unissued shares they have. I do not think EDIG folks care if it tanks the share price as long as them paychecks keep a coming! Fred may just ride this dog all the way to retirement! Maybe Fred retires and Nunally takes over. Nunally taking over could bolster shareholders greed and confidence in the company and help sell those shares. It would appear EDIG finally got rid of "underperforming" Fred and now things are finally going to change! Snicker. The reason I watch EDIG is to figure out their next BS move to play the stuckholders. They are very good at it and know their audience.
You know EDIG always seems to have a trick up their sleeve to keep the faithful going. I expect they made just about enough to keep on a troll N and they will announce some BS "partnership" or an actual prototype that will fill the fantasy island folks up with enough hope that they can issue some shares to raise new money. They are pros at that imo.
EDIG had to have made money last Q otherwise they would be just about broke according to the last financials where they only had 550k in cash and a 315k a quarter burn rate with 4.5 months elapsed since those reported financials. Just a bit of sarcasm none the less in the first part of my post. Is it the rule the world riches fantasy land expects...probably not but it should be enough to keep on troll N!
Ediggers will soon be rewarded for their 20 years of loyalty. Sometimes it just takes awhile for a companies strategy to work out. Patience is often required. Should be a pop on earnings. If EDIG did not make good money they would be pretty much out of money by now and would have already tried to raise money which they have not. Should be a good EDIG Thursday.
Folks chose to trust Falk instead of Jobs! Snicker. Could have bought APPL for $9 rather than EDIG at $24. Howd that work out!
IN Falk we trust (tm)
Still they must have made some money in the last Q as they only has 550k left with some liabilities and a 110k a month burn rate. I would make sure to sell on any enthusiasm. Buying and holding this stock is a death sentence.
Fred is a 2 community collage dropout majoring in Avionics and Meteorology (the study of weather not meteors) so look out about whom you are speaking of. He is a master of negotiation who always gets the best he can for his abilities. All negative posts will simply be deleted then future EDIG shareholders will be fooled by the positive posts into laying down the big munny! Snicker. EDIG may have run out of new people to fool but has a good stock left!
"Aren't any of the other hub leaders paying any attention to what goes on here? It is your board too. This post got deleted and has two thumbs and both statements are true. Doesn't anyone stand up for what this discussion board is supposed be for--discussion and idea exchange? If you see this before it is taken down, please ask yourself if my post violated any rule. I try to learn and share my thoughts for others to consider--I really feel stupid for wasting my time. Good luck."
These folks are willing to believe ANYTHING! Easy marks for some good ol EDIG BS! I bet they will even buy more shares if EDIG chooses to issue those 50 million they have on hand. So sad. Any who they have only themselves to blame for getting greedy:
"Just throwing out some approximate figures to put this conversation into perspective. For round numbers sake I used 300 million as the outstanding share count although I believe it to be closer to $294 million. Close enough for this exercise.
Current market cap= $11,700,000--stock at .04
If someone bought the company for $100 million--the stock price would be @ .34
If someone bought the company for $200 million--the stock price would be @ .68
If someone bought the company for $300 million--the stock price would be @ $1.00
If someone bought the company for $25.00 per share--they would be paying $7.5 billion
SKREAL I would advise you to not hold out for $25.00 per share--LOL.
There must be money in the Q3 report because EDIG only had about $550k at the end of the last Q (September 30th) and their burn rate is about $315K a quarter. SO about $105k a month and it has been 4 months since the report. I think they had some accounts payable as well in the report about 330k. I would assume some royalty money came in or EDIG would be just about under water by now.
https://www.last10k.com/sec-filings/edig/0001683168-16-000540.htm#fullReport
September 30,
ASSETS
Total current assets
Total assets
552,786
Accounts payable, trade
330,064
Accrued and other liabilities
74,384
Total current liabilities
404,448