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I thought Fmr CEO Jim Collier bailed and did not show up at a shareholder meeting when he was expected. Could be wrong though a long time ago.
3 TENTHS of a cent folks. No buyers for this junk! No appeal filed so I assume PTSC is shopping for new lawyers. I SERIOUSLY doubt there will be any takers. The judges will bend over backwards even totally contradict their own past rulings as Judge Grewal did in the Samsung case to make sure you will lose. Sell this junk and go buy yourselves a hot dog!
NO APPEAL FILED=YOUR LAWYERS QUIT! Just an opinion but not seeing an appeal filed is a very bad sign. The lawyers are paid partly on contingency and if they do not see pay day they are gonzo!
Buddie- U need 2 sell URE shares now because I think you will not even be able to sell them for anything soon. The stock is worthless. The only reason it is not lower now is so many are trying to get out. Jus say N!
Soon PTSC will stop trading and it will become VERY difficult to sell URE shares folks. I have seen companies fall apart like this before and they are delisted. You can still trade them on the informal exchanges but they have a lot of questionable stocks in them. This is where all indications say PTSC is heading. The next leg down begins soon for this stock as it takes a long time for so many share holders to exit a stock. 4 tenths of a penny is a GIFT for a stock that has no future and is technically worthless. Why not sell URE share and go buy URE self dinner or a newspaper?
mh- The only folks still in EDIG are those who cannot believe they have been exaggerated to for over 15 years as to EDIGs potential. After that long I simply cannot believe it is some kind of injustice. Lots of people have share cost basis in EDIG that is far more than it is trading and simply do not believe a company would ever puff themselves up as EDIG has and not come through. The fact is EDIG claiming they have potential and never realizing it on many many of their business indicatives is not illegal. As they say buyer beware! I think after 15 years of BS I would actually want to see some real results before trusting these people. Fred Falk has made an entire career milking nothing and is getting near retirement. As I have said in the past maybe Fred can hire his kids to work at EDIG and they can BS the kids of the current shareholders that have inherited EDIG stock! It could go on forever!
Of course Fred knows the tech journals in the industry and I am sure he tried to get them to write anything on EDIGs vaporware tech. I have no doubt they would have if EDIG had anything tangible to impress them. Some low level on line tech journal or blog would have been enough and in the almost 5 years since NUNCHI was announced I am sure they tried them all. I assume there are no takers because the technology does not actually exist and EDIGs patents are for a very specific method of implementation which can be circumvented with minor changes. There is no way EDIG owns the entire space of simply using a sensor to send information to a cloud based server then to an individual as they seem to claim. IMO the patents are simply not that broad and if they are they will be disallowed during the IPR patent review process.
OFICIALLY OVER: FINAL JUDGMENT
Judgment is entered against Plaintiffs and for Defendants as to Plaintiffs’ claims for patent infringement with respect to the ’336 patent, subject to the parties’ right to appeal.
Subject to the parties’ right to appeal, the Court further enters judgment for Defendants and against Plaintiffs on Defendants’ respective counterclaims seeking declaratory judgment of
non-infringement and Defendants’ respective affirmative defenses of non-infringement, and declares the ’336 patent not infringed by Defendants. Plaintiffs shall take nothing from Defendants with respect to the asserted claims of the ’336 patent.
http://photos.imageevent.com/banos/ndoc6/Order%20by%20Ho.%20Vince%20Chhabria%20in%20case%203-12-cv-03876-VC%20granting%20Stipulation%20for%20Final%20Judgment%20%2011-13-15.pdf
I am surprised PTSC is still at 1/2cent it seems like it should be much lower given the fact that their only source of income is gone. Like I said there is a tiny chance of getting the markman ruling changed on appeal but this will only happen if there is determined to be "clear error". This is a technical legal term that means blatantly obviously wrong and I do not think judge Grewal's ruling can be thought to be clearly wrong as it is very well reasoned and supported (and he is an MIT grad). Therefore I say it is over sell and get the 1/2 cent. It is better than zero and the stock may stop trading so you may not even be able to sell. Even if the markman ruling is reversed to PTSCs benefit which will take 1.5 years then there is a trial and then yet another appeal which will take additional years. There is no winning this folks.
papadedavid-Here is the deal. The case will be appealed to the federal circuit. It takes 14 months to hear an appeal and several more to decide them. Unfortunately for PTSC the recent Supreme Court decision in January in the Teva Vs. Sandoz case has resulted in the legal precedent that federal appeals courts will no longer review district court decisions "de novo" (as if new) but will instead defer to the district court decisions on the facts and will only change the district court judges ruling if there is "clear error". The clear error standard is very high and I think since the district courts ruling was well reasoned it will not meet that standard. Below is a noted litigators opinion on how hard it will no be to over turn a district courts markman ruling:
James Ryndak, Hinshaw & Culbertson LLP
“The Supreme Court's Teva decision will have a dramatic, wide-ranging and long-lasting impact on U.S. patent litigation. Claim construction will become more of a fact-based battle of experts, in which the meaning of claim words and phrases are contested as issues of fact. Winning the issue at the trial court level will take on added importance, as overturning a district court on claim construction as to factual issues will require meeting the ‘clearly erroneous’ standard. And the court's decision makes clear that all factual issues are subject to that ‘clearly erroneous’ standard, whether merely subsidiary or for an ultimate issue. Patent litigation will likely become even more complicated as the courts struggle with the fact/law dichotomy raised by the Supreme Court today.”
4 TENTHS of a cent! Last chance 2 sell! Still a lot more downside folks.
PTSC could simply stop trading and then you might not even be able to sell for 1/2 of a cent folks. If this happens you would lose all your money. Just trying to help.
EDIG did claim at a share holder meeting back in 2011 (?) that NUNCHI was working in EDIG employee cell phones so it should not be hard for them to come up with a prototype years later.
IT ONLY TOOK 8 YEARS TO CRUSH U TROLLS! WHAT SUCKER INVESTERS YOU ALL ARE FOR NOT SEEING IT! SAD! I TRIED 2 WARN U! 5 TENTHS OF A CENT HEADED 2 ZERO! GET OUT NOW FRIENDS!
PTSC is done guy. Its over. Sadly most shareholders do not know about the most recent legal huge loss. The truth is the district court just shut u trolls down. Maybe in 2 years if you win on appeal you have a chance! Stock is worth nothing now. Sorrie! Stock will settle now below 1/2 a cent. Sell it is a GIFT!
Agoracom folks have given up time to sell my friends. Get ahead of this the stock is worthless now. The court has ruled. Even if they overturn rulings ON APPEAL which they do not do unless the error it blatantly obvious it takes FOREVER. All the federal judges want trolls like PTSC gone. It is now very easy for them to do this with PTSC. Even if you can get half a cent for this it will at least buy U a dinner so it is worth it. Sell now peeps.
Delisting next? Wont even be able to sell it or trade it then on the normal exchanges. Could be almost impossible to sell then. Got to be a big worry now.
Technically PTSC is worthless as their prime asset their patents are ruled not to infringe by the federal courts. I really hope you folks got out because it now seems like the bottom could be 1-2 TENTHS of a cent (.0002). Todays action was especially bearish. The stock tanked into the close. Any large share sells got killed. I would sell for whatever you can get. The Supreme Court Teva decision in Jan of 2015 set the precedent that the federal circuit does not even need to review the facts of district court cases appealed to them. They may not even substantially take up your appeal....which takes FOREVER (up to 14 months to hear) anyway. I would love to tell you it was not hopeless but at this stage it is folks. Maybe buy some at .0001 as a lotto ticket.
PTSC had 4.7 million in the bank as of May 31 so they probably have at least 4.4 million left as of now. The stock market cap is only 3 million so I would not expect the stock to trade much lower. At any rate patent trolls like PTSC are doomed in this environment and even Judge Grewal that ruled in favor of PTSC in his markman ruling in 2013 in the HTC case when the same issues were considered this time did a complete 180 in the current Markman ruling to make sure they would lose a trial. I would expect the share price to hold here and maybe erode a bit until the appeal is heard sometime in early 2017.
ep-What Grewal said in his Markman ruling was PTSC had an invention on a variable speed oscillator used to clock the CPU on the same chip as the CPU that does not have ANY outside influences at all in any way. PTSCs lawyers said then that means they lose so they objected to Grewal's boss federal district court judge Chhabria. Chhabria then accepted Grewal's recommendation. Case over. Now appeal. Sorry you can't seem to accept this but even if PTSC wins the appeal it is going to take 1.5 years to make it back to this court from the appeals court then there is a 6 month trial then the inevitable 1 year appeal. At best this case is resolved in about 3 YEARS from now. No way around it. Good luck getting licenses until then and even if you win. Every body PTSC hits up for licenses is simply going to take it to court unless it is a $50,000 settlement and they will get lucky with the judges who do not want trolls like PTSC to win. That is the fact today. You cannot win. Just trying to help U!
ep-It will take 14 months for federal appeals to hear the case and up to 6 months to decide (the backlog time is published by the government). Nothing is now going anywhere until that is done. This case is dismissed per PTSCs own lawyers specifically so they can file the appeal. IF it works out for PTSC maybe in 1.5 years it is back in Judge Grewal's court to proceed to trial....when? Probably up to 6 months after it gets back there with all the procedures. Then how many months to decide...then the loser will inevitably appeal which takes another 1- 1.5 years. There is no way for PTSC to speed up the federal courts they simply take forever for everything. Honestly buddy this case is hopeless for PTSC shareholders to ever make money. EVEN IF the political establishment and judges they appoint were not totally against patent trolls and the jury pool poisoned to be anti patent troll towards (non practicing entities) like PTSC it would be a long tough road.
earplug-PTSCs lawyers stipulated non-infringement if this claims construction was upheld by the district court judge which it was. What PTSCs lawyers said was that PTSC cannot prevail if the case were to go forward with the current markman ruling. There will no longer be a trial at this point. What that does is set the case up for an immediate appeal to be filed. The backlog in the federal circuit court who hears such appeals is currently 14 months. Look it up. If PTSC prevails on the appeal then the case would be returned (remanded) to this district court with 2 judges who will not exactly be friendly to PTSCs case if it were to go forward.
The judge adopted the magistrate judges recommendations killing your case without modification. The next step is the case is dismissed and an appeal is filed. This could take up to 14 months to be heard then up to six months to decide. Basically the stock is done for 1.5 years. Hope U sold friends!
EDIG:Claimed NUNCHI partners by fall of 2011! In conference call with shareholders. Do not believe their BS. They have been full of it forever. When their BS gets old they roll out some new "technology" (which does not exactly exist materially) and claim that will be the future. NUNCHI started to get old then came Microsignet. They both got very old now comes "Pluto". How can people fall for this over and over again for almost 2 decades?
The PTSC BOD will continue to make a fortune. The shareholders r the losers.
Federal court say PTSC LOST it is over folks. The stock is worthless. Game over. Grewal and Chhabria are progressive democrats. The law is irrelevant. They will not let you win.
TechKim-PTSC is worth ZERO so .0118 is a good price. You lost your case the district court judge ( Chhabria ) will rubber stamp judge grewals fatal markman ruling because that is routine and it will go to appeal. By the way it takes over 14 months for the federal circuit to even hear an appeal from the date filed. So you are looking at over 1.5 years for a decision! Good luck with that!
Your toxic "partner" TPL/Lecrone gamed PTSC CEO Cliff Flowers like a fool for years. Even after he was accused by PTSC of commingling his other non MMP/PTSC patents with the MMP at a discount to sell his stuff Flowers still thought he could negotiate in good faith. Read the below and you will see that even if you could get out of the current legal mess with the markman ruling that downs your case you would still have to deal with ineffective naïve PTSC management that have been taken for fools for years. It is all there in writing in the below link. Why did TPL think they could sucker PTSC into taking a bad deal? Because it has worked so well in the past! They know Cliff FLOWERS is very appropriately named.
At any rate none of that ultimately matters as federal district court judge Chhabria will simply rubber stamp the judge Grewal markman ruling that kills your case which is what happens 99.9% of the time in cases sent to him for review. It is routine for the district court judge to accept the recommendations of the magistrate court judge. They work in the same office and have likely discussed the case. Judge Grewal's boss would not embarrass him by rejecting his recommendation. Judge Grewal has an EE degree from MIT his boss Chhabria does not. Case closed folks. Get out while the gitting is good!
http://photos.imageevent.com/banos/tplbk/Declaration%20Of%20Clifford%20Flowers%20In%20Support%2010-29-15.pdf
Dude they are total flim flam artists. Nothing they have ever said in over 15 years has ever even come close to being true. Projects with huge implied potential simply disappear with these guys. People still implicitly trust them though! Amazing. These guys are as close to proven liars as you will ever get in the business world. Rsixshter must be Pat Nunnaly imo.
This NUNCHI patent will prove to generate as much revenue as the last several have over the past 3 years which is.....ZERO!
Federal Judge Chhabria and Grewal are progressive Democrats and were appointed by progressive Democrats which means the law as written is not entirely relevant to them. Their ideology is collectivism and stands against individual intellectual property rights if there is more of a benefit to the collective. These Democrat appointee Judges will crust all patent trolls (non practicing entities). Judge Grewal got the message since the HTC trial and he changed his Markman ruling 180 degrees to ensure PTSC/TPL could not win. He chewed out PTSC/TPL even trying to pursue the case in his Markman ruling. His boss Judge Chhabria put him in his position to help him deal with technical issues due to Grewal's MIT EE education. THERE IS NO WAY HE DOES NOT SIMPLY RUBBER STAMP Grewal's recommendation. Sorry guys it is over. Why not sell for 1c rather than sell for 1/4 c when the inevitable ruling comes out. These judges ideology ensures they will rule against PTSC/TPL. It can come out no other way. You guys really need to read up on the current state of patent licensing for NPEs. Just say N ! (and try N 2 help U peeps).
Q:* How is the Pluto Prototype coming? - A:The better question is where are those Nonechi and Microsignet prototypes they said they were working on almost 2 years ago? Oh yeah never mind now there are working on the Pluto prototype! And the 15 year BS string along continues.
EDIG tried to argue in court that they invented the entire concept of digital record/playback devices that used flash memory. They lost the case. The main problem was the inventor of the patent when he was arguing to get the patent initially told the US patent office that his patent did not use RAM so it was different from past patents that did. That resulted in the patent being granted. This was pointed out in court and the judge essentially determined through her Markman ruling that all EDIG had with their 774 patent was a patent on all digital recorders that use flash memory that do not used RAM....of which there are just about none. So that killed the 774 patent. The other patents EDIG then sued on were their 108 patent. The tiny settlements told me they had a weak case and were just filing nuisance value cases where a company throws a few dollars EDIGs way to avoid having to pay lawyers millions.
Now EDIG claims that they own the entire space of the cloud interacting with sensors in devices like the IPOD with their NUNCHI patents. I very much doubt their patent is that broad and if it is it will be invalidated in the IPR that was filed to reexamine it. What do I base my opinion on? I think just seeing EDIGs history of puffing up their importance and making optimistic forward looking statements in PRs for over 15 years that never came close to actually happening would be enough. I certainly would not stick around for the trial and I would possibly sell on the Markman ruling if EDIG claims to "win". Either way EDIGs lawyers said in their markman arguments that there was nothing "dispositive" to the case in the claims construction which means no matter how the claims are determined by the court to be read EDIG would not lose the case at this point over the markman ruling. So I think no matter what happens EDIG will put out a PR saying they "won" the markman ruling when it comes out.
EDIG has been anything but clear about their business or how they would achieve growth like normal companies for over 15 years yet somehow people implicitly trust them! Sadly this is a formula for investment failure. If EDIG had even come even a tiny bit close to reaching the implied potential of dozens of their PRs they MIGHT have some credibility. I have a hard time figuring out how investors trust and sing the praises of a company that is like 0 for 15! If you flipped a coin you would win far more often than investing in EDIG. The odds are at least not rigged in that case.
WHEN you lose PTSC goes sub half cent or maybe even less at first. Should be quite a plunge. It wont go to actually zero but could go sub one tenth of a cent. Get out while U folks still can! Like I said it would be extraordinarily rare for a district court judge not to simply rubber stamp a magistrate court judges ruling. I am virtually certain they already discussed this case as the judges are all in the same office and I doubt judge Grewal would have ruled as he did if he did not already check with the district court judge. These guys are certainly not going to make each other look bad. Most of you have not even read any of the legal filings yet you hold the stock. Why? When you read them you see the case is hopeless for TPL/PTSC. Magistrate judge Grewal intended to spank PTSC in his markman ruling and the tone of his language was very harsh towards PTCSs case. He scolded PTSC/TPL for wasting the courts time.
"In my humble opinion, e.Digital has a strong grip on the current NUNCHI situation with HANDAL leading the way. If it goes as planned, EDIG will certainly will be worth more than a couple of dollars a share. A LOT MORE."
Snicker! That post shows the sentiment that the "don't get greedy" saying comes from.
HERE IS WHY YOU WILL LOSE: And that is a virtual certainty. District Court Judge Chhabria APPOINTED Magistrate Court Judge Grewal who wrote the markman ruling based on his technical expertise (his MIT EE degree). Do you people actually think he is going to change his ruling which was based on an understanding of very technical information? Not gonna happen no way no how. At any rate the judge was appointed by Obama and you all should know how much the big tech companies have supported him. No way a troll like PTSC can win these days.
I saw the legal filing! NOT GOOD! The filing is the opposition response to your objection to the district court judge regarding the magistrate court judges markman ruling. I have to say the TPL/PTSC argument simply got CRUSHED with a very logical easy to follow rebuttal. Given the fact that district court judges automatically adopt their own hand picked magistrate court judges recommendations almost 100% of the time I do not see how the PTSC/TPL argument can win. Better to sell and be safe as always when it comes to a key legal ruling regarding TPL/PTSC because they lose almost all of them. There is a reason the stock tanked to .008c today. The lawyers and insiders see the legal filings before they get reported in the evening on the federal PACER system. They saw this argument and knew they could not over come it so they stock sold off over 1 MILLION shares. Get ahead of this folks and sell as soon as you can but I would wait for the dead cat bounce.
Here it is if you want to read it for URE self. It is devastating to URE case:
http://photos.imageevent.com/banos/ndoc6/MOTION%20FOR%20RELIEF%20FROM%20NONDISPOSITIVE%20PRETRIAL%20ORDER%20OF%20MAGISTRATE%20JUDGE%20filed%20byZTE%20Corporation%2010-20-15.pdf
Should see the bad news legal filing tonight or tmrw. You could predict bad news for this company simply based on their many years track record of only providing bad news. When PTSC loses the objection (because honestly almost nobody ever wins these objections of magistrate court judge rulings to the district court judge) there will then be an appeal to the federal circuit. I don't mean to be mean just telling it like it is.
.008! Looks like you lost the objection to the district court judge on the fatal markman ruling from the magistrate court judge. Either that or another big shareholder just gave up. My bet is you just lost in court. The district court judge does not actually have to hear the PTSC/TPL objection in court on Nov 19th. He can simply issue a ruling I believe.