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Appeals are almost NEVER successful and PTSC will lose when the decision comes in 1-2 years. As long as the district court judge has a reasonable argument the appeals court simply affirms the decision. There is a very high legal standard to overturn a district court judges ruling. The standard is called "gross error". This means the district court judge has to be very wrong. That is not the case here. The judges decision was well reasoned. I bet most folks simply never read it and trust PTSC pumping PRs. Sad. Still time to get out folks.
Today was a pump a dump operation arranged on the dark web. You could not have sold 10,000 shares at a penny and a half without tanking the share price. Sad that some peeps keep holding this junk. If you tried to sell $1000 worth of this garbage the share price would have gone to half a cent. It is over buddie. 4 years to resolution even if PTSC somehow won the appeal which they will not as appeals are not ever successful. Look it up!
Bid now .0066 hope U sold the pump! Here comes the dump!
Did you also search the dark web for it?
Search for it.PTSC tanking now as they sell into the momentum. Should be back below 1 penny soon.
Penny riches pump a dump in progress! Make sure you get out before they do!
PTSC "the company" has never existed to do anything more than the bare legal necessity to inform share holders. The board members make $60,000 a year to do what seems to be nothing and the CEO/CFO the appropriately named Cliff Flowers collects over $400,000 a year. What does he do on a day to day basis? I cant think of anything. They are simply milking the company until it runs out of money. Good deal for them.
TechKim-A judge said the MMP patents are worthless. I do not think you realized what has happened. Judges use what is called a Markman hearing to determine the meaning of a patents claims. The Federal Northern District Of California court says the 336 patent is for a design of microprocessor nobody uses. That is why PTSCs own lawyers said that the judges definition of the 336 patent means the defendants do not infringe and stipulated so in a legal filing. It is over buddie the stock goes nowhere. It is in appeal now. Appeals are currently taking over 14 months to even be heard. Then another 6 months to decide. By the way these cases are almost NEVER successfully appealed. It just simply does not happen. When you lose in 1.5-2 years the stock goes to zero. It will probably go to zero sooner as they run out of money. If you win the appeal a long road is ahead with the case remanded to the same hostile court that ruled against you. Here is you timeframe:
1.5-2 years to hear and decide appeal
1 year for a trial
1-2 years for an appeal of that trial
TOTAL: 3.5 - 4 YEARS
I believe he said sometimes your competitors become your customers. He had sayings like that along with "contracts with multi billion dollar OEMs waiting to be signed" that he used to string shareholders along in what turned out to be total BS. I often though they seemed to have so much going on how could it all come to nothing yet it did. That was EDIGs specialty a true flim flam operation. They are at it now. First they had NUNCHI. Years go by and nothing so they throw Microsignet out there then nothing from that either. Now they have PLUTO!!!! To the moon and BEYOND! The endless BS journey for shareholders continues towards the 2 decade mark time travelers.
"Intel embraces internet of things puts sensors on everything; first thing each sensor senses is a summons from e. Digital Corporation"
Snicker....guffaw!
You got that right muchacho! $$In.EDIG.WE.Trust$$
YES YES! (as Alan Cocomelli would say) you are right! EDIG would never imply HUGE potential and not come through as they have on over a dozen (2 dozen? who knows!) past PRs. This time is somehow different. I can feel it in my bones. If NUNCHI and Microsignet do not work out EDIG is already looking to the future! PLUTO! To the moon and BEYOND!
I emailed Fred to tell him the Zuck Dawg is stealing EDIGs valuable NUNCHI tech that they have been trying to sell or partner since 2011! Fred is gonna talk to Handal to put the fear into em. Just like little Timmy Cook at Apple was shaking in his boots before they coughed up less than $200k so they would not have to pay their lawyers $1 million. Yup we gonna be rich! Finally rewarded for waiting 16 years.
Yet another EDIG buying opportunity! Don't let this one slip away folks! Time to load up on super cheap shares before people figure out EDIGs NUNCHI patents are being reexamined!
Buddie-Read the available info and U will know U have lost here. Nothing positive for PTSCs future. Even if U win it will take years and Obamas judges are in big techs back pocket. Obamas own patent advisor said to big tech companies just ignore their letters of infringement. It is sad you do not know the way the winds are a blow N! You cannot win the game is already stacked against U. No judge who expects to be promoted by the Democrats who will control the appointees for the next 50 years will help U if they expect to be appointed to a higher position. Judge Grewal knows that in the PTSC case and that is why he completely reversed your positive markman ruling to make sure you will lose. Sell now friend .005c IS A gift!
U would be wise 2 sell URE shares ASAP! PTSC is a loser. There is no way to make the legal system work faster and the political climate is totally against trolls like PTSC you can see that from judge Grewal reversing his positive markman ruling for PTSC and his boss judge Chhabira confirming it. Their bosses do not simply reverse these rulings they defer to them. Don't you read the news? At any rate the legal process will take YEARS even if PTSC wins they will be long bankrupt by then. PTSC burn rate is over 2 million a year. They have less than 3 million in cash. It is over buddie. Jus try N 2 help U!
krisl-It is even worse than 2 federal district court judges demolishing PTSC case as they have. In order to go after infringers there are warning letters that had been sent and tear downs of the infringing devices done for many targeted companies. All this info was held by a company owned by PTSCs toxic "partner" Dan Lecrone/TPL. The company is called "Alliacense" is run out of the same office suite as TPL and run by his own son Mac Lecrone. Dan Lecrone/TPL claimed it was an independent company but it came out in bankruptcy court that he very much controlled it. In a deal signed in 2014 Alliacense was supposed to give PTSCs chosen licensing entity, Dominion Harbor, 1/2 of those targeted companies. Of course PTSCs toxic partner dragged his feet providing a list then tried to get PTSC to accept a smaller list of inferior targets and basically told PTSC it was that or nothing. PTSC then terminated the agreement because TPL would not honor the terms. SO currently PTSC has a lost legal case and none of the tear down info or warning letters of infringement to targeted companies which is required to file a lawsuit.
Honestly PTSC is done even if they somehow win the current appeal which takes 1.5-2 years then if they win the case is remanded back to the district court judges who already hate PTSC and will look for any other reason to spike the case. Should the case go to trial that would take about a year. Then the inevitable appeal would take another year. You are looking at a minimum of 3.5 years before there is a resolution. PTSC will run out of money before then. Even if PTSC wins like I said they have none of the required info to prove infringement and will never get it from TPL/Alliacense.
I bet EDIG will rent a hotel room near the CES show to hold private meetings like the ones they have had many times over the last 16 years! I heard that when the new Apple I-phone comes out we will know the true value of EDIGs tech! We gonna be rich. Yup we so smart.
krisl- PTSC is done. A federal judge invalidated their patents and an appeal has been filed with the federal circuit. It takes over 14 months for one to be heard and another 4-6 months to decide. Basically these types of cases are almost never successfully appealed. The company is basically finished. If the company tried to sell shares to fund itself there would be no buyers. Many longs are stuck in this stock with huge positions trying desperately to sell them off without tanking the price too much. Basically the stock is in a huge sell off down trend.
I would check back in 1-2 years. There is a 5% chance or less PTSC could win the appeal. The case would then go back to the district court that killed the case in the first place where those judges would look for any excuse to kill it again because patent trolls like PTSC are seen as a scourge on technological advancement. If the judges who hate PTSC do not kill it then it goes to trial maybe sometime in late 2017-2018. Then the trial is decided by mid 2018 then the losers appeal which takes into 2019. Even if PTSC is successful by then they will be long out of money.
I knew back in 2010 when EDIG first announced their "EDIG innovations group" 1 month before Robert Putnum left and the fatal 774 markman ruling came out that this could simply be yet another EDIG smokescreen to cover for a possible bad markman ruling. 4 years later and no results. That is why I listened closely to Pat Nunally's conference call in March of 2011 to see if they were not simply full of BS yet again. He sounded confident and practically promised partners for NUNCHI by the fall. He said the EDIG innovations group would not be some kind of think tank but would produce actual monetary results "soon". Sure enough 4 years later we see he is either a liar or totally incompetent at assessing the potential value of the technology he is dealing with. The good "doctor" (guffaw!) was totally wrong! Given EDIGs history the result was what I expected.
Nice sarcasm from everybody by the way.
Alan Cocomelli yelled out "YES" when Fred Falk read out the shareholder question "do EDIG employees have confidence in the company". Cocomelli has said things over the years for shareholders to cling on to with hope. The last thing reported from a shareholders meeting he supposedly said is that "when Apple comes out with the new I-Phone we would see the value of EDIG". That was 4 years ago and we never found out what that was about and Apple paid less than $200k for a Flash R patent.
That is where my "YES" used in the other post came from. An obscure EDIG reference.
Yes YES! That is EDIGs plan! It couldn't be that Fred Falk made an entire career out of total BS. I think $7 a share is a bit more realistic though. Lets not get greedy!
The diggers are desperately trying to rationalize how EDIGs only money maker being sidelined for 1 year when they have less than 1 year of money is actually good news! Fun to watch! I always knew NUNCHI was a very specific method patent. EDIG claimed it covered all uses of sensors over the internet. Obviously it could not be that broad. People still fell for it! EDIG up to their old tricks of puffing themselves up to seem important when they are really not.
Justice to see these scumbags lose! Too bad so many believed their bs.
The spin now is the IPR is actually good news! Snicker. Since only 6 claims out of the bunch in the trial are being reviewed people think that is good! They do not realize that the claims not being reviewed are what are called DEPENDANT claims. The ones being challenged are the independent claims the dependent ones rely on. Anywho I would dump my shares if I held them before they figure out the trial is basically on hold for a year and EDIG only has less than a year of money and no other known source of income. Most IPRs result in the change or cancellation of patent claims. They are only granted if the IPR review board believes there is a good chance of the petitioners prevailing.
It is good to see this trash company being true to form. Like their flash patents it turns out they have nothing very special, proprietary or valuable (beyond less than nuisance value lawsuits). IMO EDIG gloms on to the leading edge tech trends and pretends to be a part of them. They never actually produce anything. Shareholders are still waiting for that NUNCHI prototype promised almost 1 year ago! I think that is why EDIG announced "pluto" so they could buy themselves even more time.
I also think if you believed EDIGs claim to have a patent (NUNCHI) on the simple transmission of information from a sensor over the internet and the ensuing use of that info you deserve what you get. EDIG will likely not win the IPR review as that is the standard they use in granting it in the first place.
EDIG NEWS!!!!NUNCHI patent review GRANTED! That means the NUNCHI patents will likely be determined to be unpatentable based on "obviousness". The likelihood of success is why patent reviews are granted (IPR). The IPR process will be speedily concluded in about 1 year. Oh and EDIG has said in their financial reports they run out of money in less than 1 year. Oh and EDIG has said they have no other revenue stream right now. Hey maybe Microsiggy or that new website will really bring in the bucks now!!! Gotta believe in our little company!
https://drive.google.com/file/d/0Bx9NLDCScshnV2ZNUGc3TFNHWWc/view?usp=sharing
PTSC could stop trading soon so I would recommend selling. The appeal will take over 14 months to even be heard then another 4-5 months to decide. lots of time to get back in later if you wish. Get ahead of this folks.
Major technical breakdown today.Back to .004 and lower shortly. Should have sold the pop and not got greedy.
IMO PUMP a dump alert! Sell the pop my friends and tank me later! I think it is that Germany currency arbitrage scheme we have seen run up US prices many times in the past only to retreat as the Germans take their profits. Use it to get out at a good price. This stock is done for at least 18 months. 14 months before an appeal is even heard is the average and then many months to decide. The federal courts are backed up and slow. Most current investors will peel off before this ever concludes with the loss as appeals are rarely successful. Also the political scene is totally against the patent trolls and the judges will make sure you lose any way possible like Judge Grewal did even completely reversing his pervious Markman ruling that let u win the HTC case. He literally bent over backwards to make sure you lost. The politicians appoint District court judges and, imo, he knows how they feel about trolls. Obamas own patent advisor even has been quoted telling companies to simply ignore letters sent to them accusing them of patent infringement. Just trying to help. This is not 2006 for patents trolls like PTSC.
EDIGs website designer is sucking up to them and selling himself by describing his process. I assume he is being paid. The question he should have asked is how EDIG had all this supposedly innovative and "valuable" technology and never make a regular profit. Seems "odd".
EDIG is a flim flam operation not a con and the difference is that EDIG does possess actual technology it is just that it has not proven to really be that proprietary or valuable. It has been hyped by company PRs promising potential and hinting at financial rewards for over 15 years while always seeming to somehow come up short every time. The settlements EDIG has received are what is known as "nuisance value" and on the low end of that. Tech patents are popular to sue on because they are complicated enough that it is hard to prove the lawsuits are frivolous which would get the company suing sanctioned by the courts.
NUNCHI is a method patent and no actual working model seems to exist as EDIG acknowledged when they said they were going to build one to demo the tech like 1.5 years ago (gee they sure seem to be working on that a long time!). If Dropcam (Google NEST) were actually infringing could not EDIG simply copy or mimic their device and use that as a model? EDIG would probably be worried they would be sued. The patent may be reviewed by the patent review board. If that happens the patents will be in limbo for like a year. Since EDIG said in their last financials that they only have enough money for a little less than 1 year this could be a problem if the review goes forward. I would expect the case to be stayed pending the review if it is granted. If the patent review is not granted a trial would slowly churn forward. Either way the burn rate could be a problem with little or no revenue going forward.
The positive:If the penny pumper websites latch onto the news the share price could appreciate. The last time EDIG put out a we "won" the claims construction PR in Dec of 2014 the stock eventually went to .16-.17c. Took a few days after the PR for the penny pumper websites to accumulate shares then promote the stock to sell into the demand they created. Of course look what waiting around for a positive result to those 108 patent PR (2 of them claims EDIG "won" the claims construction) would have got you! Waiting for EDIG to actually produce significant revenue from their PR puffing themselves up is always a loser and I mean every time for almost their entire existence. EDIG is claiming they own the entire space of any company that gathers and interprets sensor information from end users to the cloud. No way the patent is that broad and I would expect the patent review process to review and declare the patent invalid if that is what it says. I think more specifically what the NUNCHI patents says is if a very specific ordering and interpretation of the use of sensor information occurs then you infringe. At any rate does anybody wonder how a company can patent something that does not exist in any tangible form? I think the NUNCHI patent got in under the wire of the America Invents Act of 2012 which now requires there to be a working model of the patented tech for a patent to be granted.
Oh and anybody seen that 20 year old SeekingAlpha kid! ROFLMAO!
IF PTSC appeals it takes 14 MONTHS from when the appeal is filed to when it is heard. I get this time frame from other companies I know are appealing their cases. One company I follow waited 14 months to have their appeal heard and now it has been 4 months since the date oral arguments were made. 18 MONTHS folks. Imagine what the share price will be in just one year! This is IF PTSC does not simply run out of money.
So at least 18 months for an appeal to be heard and decided. Then, if you somehow win and appeal which is next to impossible the case would go back to the district court with Chhabria and judge Grewal who already hate you and will look for any other way to make sure you lose. It would then take about 1 year to have a trial. Should you actually win then there amount won would be TINY as in the case of the HTC trial "win". Then there would be an appeal which takes at least 1.5 years to be heard and decided. Folks you are looking at YEARS. See the below breakdown:
Current appeal 18 MONTHS
New trial: 1 YEAR
Appeal of that trial 1.5 YEARS
TOTAL: AT LEAST 4 YEARS!
mR. bigwedge-PTSC has a ways to fall still and I think it might be a buy as a high risk investment but not until it hits .001 or so. Many more years of legal stuff before a still risky potential pay day. As the months drag into years the share price will inevitably fall from here. Just trying 2 help U friend.
Do not be foolish!Sell this junk before the next inevitable leg down.
This time we gonna finally be rich! Yup it is all coming together as EDIG has been planning since 1996! A broken clock is right 2 times a day but hopes for good EDIG news have not been right in 15 years. Sad.
bid-had u listened 2 me and sold at .10 you would have sold at a price 20 TIMES higher than it is right not. Soon PTSC will be valued in the low tenths of a cent. You could save URE self a lot of munny by selling now and then if the dust clears buy back in when the stock is 200% cheaper! Just say N!
Fred's retirement! Be happy for him he has made an entire career without producing any real lasting value for shareholders. He has been VERY successful!
My bet is Fred retires in 1-2 years and Nunally takes over as CEO. Shareholders will still be inventing hope and potential for the stock which has never come close to shareholders expectations in any PR ever. Somehow people do not seem to wonder about this! They blame the system or something.
Sell your shares it is over. Officially. No appeal has been filed and even if it is a "win" is years way and will be appealed adding another year...oh and the "win" will be for tiny money like the last one if you are luck enough to get it. A half cent is a very high price for this stock I recommend U take it! Just trying to help U friend!