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Brad, i think that is correct. However I don't think the patent will ever be granted and, if ir is, I doubt it will have any "infringers.". You don't even see EDIG making a big deal out of it.
LL
You are correct. I addressed the subject as well as others. (That's OK on a message board, right?) Until and if the encryption patent is granted then it doesn't really matter when the protected period ends.
And if the patent is granted and has no teeth, then it doesn't matter anyway.
Plus, I think it's important to remind shareholders that the window for any 774 litigation is closing, the markman makes such litigation dubious at best, and the re-exam will only allow litigation for "future" damages - as reiterated by EDIG. Do you agree?
LL
Not sure what the LOL is, but if the patent is not granted then the protection NEVER begins. Plus, we have no idea what such a patent would be worth, if it would hold up in court or under a re-exam, or if any products would be ruled as infringing.
So he may have the time period wrong, but for another potentially worthless EDIG patent that seems to be the least important of all considerations. Same with the applications filed for the seemingly nonexistent Nunchi.
So once some credibility is gained in these other areas length of protection time assumes some importance. And, according to your timetable, not much protection left for 774.
LL
The stock is trading between .025 and .035 and has been for some time. And most likely WILL be for some time.
LL
Brad,the very essence of value investing. Pull back the covers - something I certainly failed to do.
LL
Also, their lawyers were interested in something more than making a buck for themselves.
LL
This is the kind of result that says "yeah, you infringed." Ain't gonna see any of these from EDIG, and they will always be able to say DM is "handling" their litigation because there isn't any. Just like there is no Nunchi.
LL
Never - I disagree. Name a good carrot. They have used all their carrots.
LL
Tim - I was hoping for $5 in 2005, I was hoping for $1 last year. I would be shocked beyond belief it this stock ever got into double digit pennies again. Technicals, history, other companies, none of that matters. Two things matter.
1. What is EDIG going to do to produce revenue? It might make an announcement (that would be about the 30th announcement since I invested) or have a patent granted, or (and I really doubt this) file another round of litigation. Maybe something will cause some people to buy. But after all the broken hearts and broken promises whatever they announce is going to have to be verifiable and hae some legs to move the PPS above .10.
2. I don't know how many shares you have, but if you have what many of us have, you will not be able to sell at the raised PPS because once you start selling the PPS will come back down. Only if you are Polis or tied into one of EDIG's shady financing schemes can you sell your shares and not move the PPS. As I said, once millions of shares traded every day for two weeks and the share price never budged from .33. God knows I should have sold then and taken the 45 or 50k loss.
Good luck to you, but I think you are still not up to speed on this company.
LL
The great part of the wall is that none of the EDIG management (except possibly Blakekey and Atul) are remotely ashamed. They are happy as clams with all our money.
To paraphrase Queen, "they took all our money, now they want more."
LL
Another oldie, but goodie (but untrue as are all the other oldies but goodies).
LL
Are they on our partner page? I bet this is Nunchi. Not.
LL
Brad, is Kevin still there? Very nice guy. Like Will, blown away when EDIG backed out of the hospital deal in Denver.
LL
Does this remind anyone of the hundreds of phones, camcorders, cameras, voice applications, video players and other technologies over the past decade that have been enthusiastically posted on message boards along with the stong supposition that it "looks like EDIG" or "EDIG is inside"?
And here, in addition to the obvious, there is this question. How can someone say something "looks like Nunchi"? Has anyone seen what Nunchi looks like? Has anyone ever seen a Nunchi?
LL
Never - you cannot say they did not lie - you have no idea whether they had increasing demand. The PPS would indicate they did not.
LL
But we know it's not true that it contains fundamental, essential technology, we know flash/RAM is now a problem, and we know the US courts have killed the patent as it exists and the USPTO exposed the weaknesses.
We also know that Flash-R has steadily eroded the PPS and there is little chance DM will continue with the litigation.
LL
Brad, they were successes for people who are interested only in making money at the cost of misleading others - that's all EDIG has ever done or will ever do. As Never says, they have been very successful at providing for their families.
LL
Dan, I was not prescient enough to realize that all the reasons I didn't sell were based on lies. Same is true for all the others who lost hundreds of thousands and millions.
Our flaw was that we believed companies tell something approximating the truth, do not engage in financing which destroys the company while lining their pockets and do not trade on false hope - like they are still doing.
But our friend is correct. Had I known this was the way the company operated I would have known to take full advantage of the inflated stock price to make money, as many did, rather than believe things were as they said and make the logical decision that it would get better. Especially while the most prominent shareholders were trumpeting the same mesaage,
But I was too naivie - nonetheless, the blatabt falsehoods and dishonesty of EDIG did indeed give me the chance to profit, the lights are still on, and they are still doing it.
LL
You're right - I can see how people would think this is a really great company.
LL
You're right. All of us who lost money just bought at the wrong time - it's our fault, not EDIG's. (Even though it's hard to see how "the majority" of investors who bought on the way down had the opportunity to buy higher.) I in fact did - can't believe you can remember all this about me - I had the chance to sell at .75 and make, at the time about .20 a share profit - too greedy. Had nothing to do with my believing anything EDIG was saying about their future. I was just not smart enough to take advantage of this great company which has ALWAYS done what they said they would.
And it's really great the lights are still on.
LL
No one said anything about not discussing it. Discuss away. I kind of see it like on "the other board" where members post myriad articles about anything to do with patents, cameras, flash, smartphones, etc., when almost none of them have anything to do with EDIG.
And my comments about relevance were not meant to be critical of anyone. To put it another way - OK, there is a billion dollar sensor market out there - EDIG claims to be an integral part of that market - where's the beef? It's been a year a half - doesn't seem too integral to me.
Reminds me of "there's a billion dollar flash / portable video / camera / iPhone market out there and EDIG is an integral part of it with their MicroOS, patents, devices, contracts, OEMs, etc." But it never happened.
Where in the world is Nunchi?
LL
When we see lots of litigation revenue and Nunchi all over that marketplace then the believers will have something of substance to base their hopes on. Until then it all just more talk from and about EDIG.
But joe is right about the sensor issue - though it's meaningless to us. It's like arguing about whether apple is coming out with a new iPhone or not.
LL
Joe,
I agree with you. I was just using your post as a platform to make known my thoughts on whether the sensors would ever be the basis for any product or licensing by EDIG.
LL
Whether he is right or wrong about sensors seems to me to be irrelevant to the primary focus of this board and our investment which is tangential to sensors - is EDIG going to make money off an alleged technology that is sensor related? So far, after a year and a half, the answer would appear to be no.
Whether the sensor market is big, little, real or imagined is irrelevant to me. Whether EDIG makes some money and justifies a higher PPS is very relevant.
LL
You are 100% correct. That was 12 years ago if I recall. That was also before almost all of the PRs, devices, products and technology I mentioned. It was also a result of EDIG's promoting policies like filing for listing on Nasdaq, dishonestly stating that they believed they qualified.
And I didn't have an opportunity to sell at 25.00 . I foolishly listened to those who have, for the 12 years following, continued to talk about what a great value EDIG is and how the next big thing is going to make us all rich. I listed a lot of those next big things. EDIG has fallen steadily for 12 years.
I'm lucky that my average cost basis is only about .50. My friend Darryl bought into the hype when EDIG was at about $7. He is pretty sure he is not getting his $3M back and he didn't have a chance to sell at $25.00.
Sensors is not going to give him or me that opportunity either - in my opinion of course. I thought we were talking about the stock as it existed today, not 12 years ago.
LL
But here is one thing he is right about. Nunchi has not appeared anywhere, ever, at any time, in any phone, outside of a film made a year and a half ago and shown to EDIG sharholders.
So it's great that Sensors are everywhere; where's Nunchi?
LL
Yep, the sensors are indeed coming. At one point the voice nav was coming, the handheld music players were coming, the handheld video players were coming, the phone and cameras were coming - and they all came. Only EDIG played either no part or only a minor role in any of it.
They did the same "introductions" in all these areas or patents related thereto. But we know none of it ever drove revenues or PPS - so after all the introduction, and after all the devices arrived, EDIG has declined to a .03 stock as a result of its involvement. One can understand how it is hard to get excited about the next big thing, particularly when it has not made its appearance after 18 months.
LL
Gee - I wonder why they can't find a partner? It is hard to believe that grown adults are taken in by this.
LL
Pleased to meet you Nunchi. I'm an investor whose $ helped fund you. I'd like to meet in person anytime, anywhere and in whatever form you happen to exist. Can you tell me where we can get together?
Ll
And someone has been unloading again over the last week or so.
Yes, DM had little problem assessing that working with EDIG would easily meet their contingency fee test. Unfortunately, many shareholders, including myself, were not able to see that this was but one more selfish act benefitting everyone EXCEPT the shareholders.
I wonder what Fred is going to say in a year an a half if there have been no new lawsuits filed and Nunchi is still invisible? I can't see too many more carrots on the horizon.
LL
Thanks for reminding us that many other companies have successfully marketed their Nunchi-like features while it's been 18 months and counting and there is no sign of Nunchi anywhere in the marketplace. In fact, there has never actually been a sign of Nunchi anywhere except in a film produced by EDIG and shown once at an EDIG meeting.
LL
MH - as other posters would say - you can't prove that. Of course, we haven't seen a sign of DM since they failed to appeal the Markman and, even though 774 is available again, have filed no new litigation. But we can't PROVE they will not be active in the future.
LL
Never, like I told Coyote I don't advise people on what to do with their money but you should remember one thing about PTSC - they are a Norris company. 'Nuff said and good luck.
LL
I like that. I'm changing it a bit and adding more at the end.
I continue to follow EDIG because I put over 275K into it (plus about $37k Parker and I spent to facilitate the succesful healthcare trials ans RFP) and feel cheated and would like to watch the stock reach its destiny. I read every PR with incredible skepticism and would warn any new investors to look at their truly miserable track record when it comes to anything they PR and a return on share holder investment. You cannot apply any measure to the company you would apply to a normal company. Its hard to take anything they say seriously. Make sure you "get the word out" tell all your friends and relatives to buy more stock!
And, having more than paid my dues, I continue to take advantage of the right to speak my opinion about past and present actions of the company, as well as my prognosis for the future.
LL
It's great that we have this forum in which we can disagree.
And I think that at this point in my part of the EDIG saga I've taken enough actions and spent enough money - I just like the talking part now. Thanks for helping me clarify.
LL
I think I've seen that opinion expressed before. Thanks for sharing. As I said, I don't think it is my place to advise others how to handle their finances or tax issues. But I am happy to participate in a message board where those who feel differently can share their opinions.
And I'm also happy that you do NOT move on anywhere as I enjoy reading your opinions in this open forum.
LL
Determining guilt or innocence should indeed be left to real professionals, just as determining efficacy of alleged new technology should be left to real professionals. Discussion of same is the province of anyone who chooses to post on a public open forum such as this, where people like you and i can share our differing opinions.
One area in which my opinion differs is that there appears to be an assumption that if one feels EDIG has transgressed, one should undertake a fundraising effort and personal expenditure of funds to support expensive legal action. I'm not certain it is the province of any of us to tell each other how we should spend our money. Fortunately this is just a message board expressly for the purpose of expressing opinions about all things EDIG, which I will contine to do. And we are fortunate to have posters such as MH, Cassandra, Brad and others who are steeped in knowledge about the many ethical and, quite possibly, legal transgrssions of EDIG through the years.
Don't you agree?
LL
Brad, again, I think you accurately covered all the bases. Note EDIG has not asserted that the patent life cycle begins anew and. In fact, have admitted only future infringements of 774 can be contested. If they wanted to comfort shareholders they would have said " fortunately that future is the same as for a new patent."
2 years, future "infringements " only, a weakened patent, and a devestating Markman. If DM follows the assessment procedure outlined on their website for contingency decisions, there is no way 774 rises to the proper level at this point.
LL
Never, one of our shareholders has talked with the SEC. They called him back about 5 times and had the same general opinion as you do. There are some more straightforward untrue statements EDIG has made but I suspect Statute of Limitations applies. However I am eager to pursue if someone else wants to do so badly enough they will pay for it.
I've talked with my attorney about it but it will cost a great deal.
LL
Let ME clarify. If ANYONE wants to fund such an effort I am more than willing to volunteer my time to participate. And continue to avail myself of the message boards to talk about it.
As far as accomplishing anything by posting thoughts on a message board, nothing has been accomplished in any area. People offer their thoughts, ideas, opinions , praise and criticisms. Others may or may not take actions based on such postings. The information about EDIG's long running efforts to mislead investors and portray themselves as something they are not seems to fit right in with the purpose of the board.
Readers look at this information and, should they choose to purchase stock, do so if they have the funds. If they have no funds, they don't. Or if they believe EDIG is what I and others think it is, they don't.
Similarly if someone reads this information and has the funds, they can choose to participate in legal action against eDIG. I am not spending any more of my money but am happy to help in any other way.
BY the way, you didn't comment on the threshold question that much may no longer be actionable but could prove instructive to new readers. Thanks for your interest.
LL