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I do not mean to demean you for hoping that your EDIG investment works out. I have followed Falk and EDIG for over 15 ears and formed the opinion that they are FOS. The only reason I feel they are malevolent is they they have been doing this for so long. Almost 15 years of BS.
EDIG counts on suckers who have high dollar averages on the stock to hold it while their board member Polis sells his fractions of a cent shares for a huge profit. He used to have 10% of the shares in 2008 and now has far less. Wake up! The financiers are the investors and the shareholders are the product.
emit-Your honest opinions are always welcomed here.
Sad. There R no PTSC shorts. Any shorting is simply naked shorts by market makers struggling to make a market in a stock nobody wants to buy because there is no reason to buy it. Even PTSC does not make any pretense to push a reason to own the stock. Your CEO/CFO that makes 400k a year doing nothing cannot even say so. Sadly Cliff "Flowers" is indeed a flower when dealing with a shark like TPL/Alliacenses Dan Lecrone who knows how to make money. I recommend U sell your shares until there is some clarity. 2c is a GIFT! Maybe in 2-5 years PTSC might actually be worth the 3c it trades at today. If everything goes PERFECT it could be worth 5c. Jus say N!
Falk plays shareholders for fools again and again. I do not understand how so many are loyal to him and buy into his claims of future potential.
Was on the SHM call. The only thing they allowed themselves to be pinned down on was a Pluto prototype demonstrator which they said would take 3-4 months. If they are true to form like when they mentioned their NUNCHI and Microsignet prototypes that will be the last shareholders will ever hear about it. If they were truly serious they would make a prototype and show it to tech journals to generate some real interest. If it was truly valuable the tech journals would speak highly about it and maybe a real partner would come into play. I think they are just playing this out making good money in the process of filing nuisance value lawsuits and producing gobbedygook patents that have no value and are easily worked around.
ramyac-I think some still held out hope of finally getting some sort of substantive information. Instead shareholders hear EDIG is thinking of hiring a "business development manager" and Falk is just now emailing tech journals to "get the word out". I love how they say they will announce partners "when the time is right" implying they may already have a partner lined up without actually saying so. Just some "reading between the lines" for shareholders to imagine. Par for the course here.
Somebody just dumped 300,000 + shares! Funny! I would call that a "reaction" to the vacuous content of the share holder meeting. Others call it a massive BUYING OPPORTUNITY!
Get real! :"A glimmer of hope is that Fred does hire someone to find us a partner for Micro Signet. A business developer for NUNCHI."
Microsignet and NUNCHI have been out for YEARS and they are just now thinking of this! Same goes for ZFalk saying he is sending emails to tech journals to "get the word out"...just now doing this? Not years ago! These guys are EDIG are totally BSing people and yet it somehow continues to work! They know their audience!
Meeting was the same ol BS of talk of potential and absolutely nothing specific. Pluto is simply the new NUNCHI and Microsignet to keep shareholders strung along. It certainly fits EDIGs pattern of introducing a new tech then when it starts to get long in the tooth with no results simply introducing a new "carrot" to retain share holder interest. With the IPR stalling NUNCHI litigation for at least 6 months I would not expect much in the near future.
Falk claims they are developing a Pluto demo! I suspect it will turn out like the Microsignet and Nunchi demos.....that is evaporate into nothing! Otherwise the meeting is gibberish with nothing specific. Falk talks about getting partners and blah blah same bs as over the years.
PTSCs CEO/CFO Cliff Flowers is so naïve he actually thought the TPL bankruptcy put Dan Lecrone out of the picture. In fact TPL owner Lecrone was demonstrated in the bankruptcy court to actually own Alliacence the licensing entity still involved with PTSC and the MMP and it was run by his own son out of the very same office suite as TPL. Yet Cliff Flowers still did not get that he might want to screw PTSC further. That is your management. "Flowers" is a very appropriate name for such a man. Now PTSC has no past warning letters or reverse engineering data from accused infringers and the MMP patents expire in less than 15 days. Without those letters warning of infringement it will be VERY difficult to prove past infringement was known by companies PTSC accuses of infringement. PTSC knew last year that Alliacense was trying to give them the shaft by not giving them the complete half list and data yet they delayed acting hoping things would work out. Like they learned nothing! Lecrone played them to the very end then took the ball and went home. He certainly made untold millions using the MMP at a discount to sell his other junk patents as Moore and PTSC accused him in court. Shareholders are the ultimate losers here as Flowers makes over $400,000 a year failing to protect shareholders interests and the board are very well compensated.
Oh you will hear much innuendo and implication of GREAT future potential for EDIG. Private suite meetings at the CES, billion dollar contracts waiting to be signed off on etc!. I mean how do you know EDIG has NOT been talking to Samsung about a Nunchi deal? Answer..you do NOT! So there! EDIG has sent out their NUNCHI info to 50-100 companies and left messages! One of they may even have been MICROSOFT! Still works like a charm.
$$ EDIG NEWS!! $$ EDIG NEWS $$ >>>>>>>>>>>>
The shareholder meeting is almost here! Every year is exciting with what the company will tell us is cumming next especially about the patteNS and the markSman hearings! NUNCHI and Microsignet are like 4 years old now we have PULTO! The ultimate fusion and they actually have a "mechanism" this time! That must mean a working device!...or something really really good. Mr. Falk has earned our trust by sticking with the company making ONLY 200k a year with benefits with a community college education (did not graduate) no successful track record in business and some family connections. Heck he coulda gone and worked for Apple or another tech and made 5 times as much. Glad he stayed with EDIG!
When it is a sell the bid goes usually down after it goes through which it did for PTSC. Some lucky person got to unload over 60,000 shares at .035. Used to hold EDOG but dumped it when they popped up to 16c awhile ago. I have to say though of the 2 dogs PTSC or EDIG EDIG at least communicates with shareholders, does not have a totally malicious partner who would rather sink the entire MMP licensing effort than hold up their end of an agreement they made with PTSC to give Dominion Harbor a list of half the MMP prospective licensees(TPL), has actual licensing revenue that at least almost covers their burn rate, and is coming out with new tech and patents to license.
mR. buddie- I owned PTSC back then and dumped because it was starting to stink. Followed it since to see if it ever got its legs back. Except for a few trading pops it did not. All sells today. If I had shares I would unload a few before it slumps back into the 2c range.
This from the 10K shows how bad management has been for PTSC shareholders. I remember way back when shareholders were warning PTSC with calls and emails not to trust Lecrone/TPL and his son who runs Alliacense the licensing entity. Shareholders said Alliacence/TPL would comingle licenses and screw PTSC. Sure enough he did as PTSC alleged in court then let them slither away in a settlement to "keep the peace". Sure enough PTSC reaches another agreement with Alliacense/TPL to co-license the MMP with another company, Dominion Harbor, and under the agreement Alliacense was to give Dominion Harbor the info they needed to license the MMP on target companies. Sure enough 1 year later when PTSC has gotten none of the info they have to terminate Alliacense. Basically Alliacense, knowing what a sucker CEO/CFO Flowers has been in the past was trying to sucker him again to take less than the half list of potential infringers and less potential infringers then the agreement required. This is why PTSC is a wait and see. They have none of the schematics or infringement warning letters issued over the years to prove infringement and have had to start from scratch. From the 10K:
"Delays In Deploying A Licensing Agent Are Adversely Effecting Us.
PDS’s sole licensing agent implementing the MMP licensing program is Dominion Harbor Group, LLC (“Dominion”), which was appointed in October 2014. Since PDS’s previous licensing agent did not cooperate with the appointment of Dominion, Dominion has been redeveloping information and strategies that should have been transferred from the previous licensing agent. Accordingly, it has taken a significant amount of time for Dominion to develop such information and strategies. As a result, Dominion has not been able to commence revenue generating activities under the licensing program, which is having an adverse effect on our ability to generate revenues from the MMP portfolio. We do not know when Dominion will complete the development of information and strategies. Until such development is completed, we do not expect to be able to generate significant licensing revenues"
see risk factors p. 6
http://www.sec.gov/Archives/edgar/data/836564/000101968715003312/patscientific_10k-053115.htm
Incorrect buddie! I know you are a stuckholder though because of your unhinged rants on the boards!
Garmin did not even allow PTSC to PR their settlement (because it seems obvious PTSC would want to PR it) so to me that shows a settlement done out of weakness on PTSCs part. Typically such settlements are for less than $100k. Not even enough to pay PTSC overhead. By the way PTSC says its LAST valid patent expires on Sept. 15 of this year and they also said expired patents have GREATLY DIMINISHED value. Anywho the market is not fooled by PTSC at this point because zero shares have traded. Like I said this stock is a long term wait and see. No reason to hold shares as I think only a few beyond the "stuckholders" are even watching the stock.
Earnings PR! Snicker: Patriot Scientific Corporation Files Annual Report
PR Newswire Patriot Scientific Corporation 3 minutes ago
CARLSBAD, Calif., Aug. 31, 2015 /PRNewswire/ -- Patriot Scientific Corporation (PTSC) today announced it has filed its Report on Form 10-K with the U.S. Securities and Exchange Commission for the annual period ended May 31, 2015. The Report can be found on the SEC's website at http://www.sec.gov/cgi-bin/browse-edgar."
Folks I think you can see the PTSC management is simply dialing it in at this point and have no intentions of helping shareholders see a gain in their share price. Not even a single sentence from your CEO/CFO Clifford FLowers who makes over $400,000 a year for doing, what seems to me, next to nothing. The board members make over $60,000 a year for doing the same.
http://finance.yahoo.com/news/patriot-scientific-corporation-files-annual-130000994.html
Earnings R out! NOT GOOD! Actually much worse than not good.
http://biz.yahoo.com/e/150831/ptsc10-k.html
I doubt you could get .03c if you were to sell more then 1-2 thousand shares. There is simply no demand for PTSC right now as the stock is technically worthless with no income. If you sold 5,000 shares the price would tank into the mid to low 2c range. The time to sell was when there was volume weeks ago.
WAY too many uncertainties (IMO) to own this stock right now. There are very many legal hurdles that will take several years to resolve not to mention the US congress trying to ban patent trolls like PTSC. The large tech companies have been donating hundreds of millions to get legislators elected who they know will make sure companies like PTSC never collect a dime. That' is why they will not settle for more than below nuisance value settlements and allow no PR. The political dice are completely loaded against PTSC. That is why the sidelines are the place to be when it comes to this stock. If PTSC wins their trial and appeal in the next 2-3 years and the patent reform legislation somehow goes their way there will be plenty of time to buy into the stock with no risk and realize at least a double from the 2-3c current stock price. I like my doubles easy with all the info! I will let you all know when it is safe to go back in the water. Do not let being "under water" prevent you from selling this stock to preserve your money. Plenty of time to make it back later if things go right.
1 share traded! No Barnes &Noble PR is not a good sign for any real money guys. As I have said the settlement was announced to stop the Kessler motion hearing PTSC thought they might lose on July22. Then there was another filing on July 26 that said a settlement had been finalized (see below). Every other notice like this had a PR within DAYS. It has been weeks. The fact is Barnes & Noble would not allow a PR and since PTSC is in a position of weakness they could not demand one. That is how it works in this business if you have watched it for awhile (see EDIG where no PRs meant $50,000 tiny settlements). Of course the other defendants that remain in this case are simply going to bring up the same Kessler motion to be decided by the district court judge (not just the magistrate judge Grewal). Long road ahead guys. Just keeping it real.
Case3:12-cv-03863-VC Document118 Filed07/24/15 Page1 of 1
TECHNOLOGY PROPERTIES LIMITED LLC, et al.,
Plaintiff, v.
BARNES & NOBLE, INC., Defendant.
Case No. 12-cv-03863-VC ORDER OF DISMISSAL
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA
page1image5488
The Court has been advised by the Joint Notice of Settlement and Motion for Stay of Deadlines filed on July 22, 2015 that the parties have resolved this case. (Dkt. No. 117). Therefore, it is ORDERED that this case is DISMISSED without prejudice. All deadlines and hearings in the case are vacated. Any pending motions are moot.
The parties retain the right to reopen this action within 60 days of this Order if the settlement is not consummated. If a request to reinstate the case is not filed and served on opposing counsel within 60 days, the dismissal will be with prejudice.
IT IS SO ORDERED.
Dated: July 24, 2015
Microsignet is based on "PUFs" or physically unclonable features. It is a security concept developed well before Microsignet. EDIG does not somehow own this entire concept only their very specific patented implementation of it. There are companies out there that already sell PUF solutions that they call "digital fingerprints" in their marketing with patents well before EDIG. Don't let them fool you with their glomming onto current tech trends and pretending to somehow own it (actually it is shareholders that tend to make that leap...which I believe they intend them to do). See the example below. In my opinion EDIG is a flim flam operation that uses current tech trends to fool shareholders into buying into some kind of tech exclusivity that their patents do not actually provide. They did this with music players and continue to play this game.
https://www.intrinsic-id.com/
Sold all my shares after the "win" in court back in 2013. Just waiting for the bottom. When PTSC goes sub penny and IF they win the court case next year the stock should be a solid double or triple. Just don't hold the shares friend!
Ouch! .0291c. Back in the 2s again. My question is when does it hit sub penny? Gotta happen soon there is nothing holding up this stock right now. No earnings, no management and legal deadlines that are more than 1 year away. Could be a good gamblers play at .0075c.
EDIG seems to count on pie in the sky dreamers who are willing to take their pronouncements of potential seriously even though they have not ever actually produced fundamental results in their 20+ year history. Many folks bought EDIG when it ran to $24 a share in 2000 based on EDIG management saying they applied for NASDAQ even though they did not have the independent financial auditor board member or cash reserves to actually get on NASDAQ. Shareholders simply trusted the good folks at EDIG would not steer them wrong. Meanwhile the good folks at EDIG were selling millions of shares making a fortune. It is all legal. Many EDIG shareholders are stuck at $1 averages for a 4c stock so they hold and dream of a buyout of EDIG for $7 a share when it is only worth 4c today and could easily be bought for 6-8c...if it was actually worth anything. EDIGs patents are very specific "method patents" based on a specific implementation of a technology step by step. Change the steps and you do not infringe. They are just complicated enough that EDIG can sue without having to worry too much about being sued for bringing a frivolous case. That is true of many tech patents and why they are favored for nuisance lawsuits. How anybody can simply trust EDIG in advance of results after so many claims of potential over so many years is beyond me. I do not think I have ever seen a company hang around so long that has come up so short. I would love to hear what makes so many EDIG shareholders loyal to and trust Fred Falk?
Those buys yesterday were probably from one dice roller. Normal volume has returned today which is near zero. Yesterday would have been a great chance to unload a few shares without the market makers making you pay. We will know within the next 2 years if PTSC has real legs with patent licensing once this case and appeal is over and the new legislation on whether or not to outlaw patent trolls like PTSC is passed.
"Get the word out!"..snicker. EDIG said this in 2011! That is 4 full years ago. Do your own research and do not listen to EDIG puffing themselves up and claiming future potential. Search "Microsignet" and "NUNCHI" and see what comes up. Message board posts, EDIG PRs and that dummy 20 year old SeekingAlpha kid who thought EDIG would be a good investment but only if the Apple settlement came in big. It did not. I came in beyond small at which point the EDIG success goalposts were simply, once again, moved further out.
mR d., my good but very ignorant and obtuse friend, I never said that. You are confusing me with someone else as I do not post on that other board.
Every other settlement PRed within days of the legal filing if it ever did. It has been since July 20 for Barnes & Noble. Sorry buddy the settlement was not very good if no PR was allowed.
Barnes&Noble settlement never PRed from weeks ago is certainly not good news. Usually no PR means the company that settled would not allow it as a condition. It means PTSC was in a position of extreme weakness as they certainly would want to PR a settlement. When EDIG got settlements legally but was not allowed to PR them they were in the 100-200k dollar value or less. A $100,000 settlement would lose 35% to lawyers which would leave $65k then TPL gets 50% which would be $32,500 to PTSC. That would then get eaten up by PTSC inflated salaries for their board and management who do nothing. Sad.
Danl-But those prototypes EDIG mentioned in an earnings PR 16 months ago and then never again must be almost ready by now? Right? Kidding of course.
The below is a great idea! Somebody should send them to Mr. Falk:
"What we need to do is develop prototypes, bring in the hackers and certify the Pluto system is secure. Then advertise our success in hack prevention, get the word out. Then show up with a sales force to close the deal."
Here is something positive to latch onto! More EDIG potential than EVER!
"Your consecutive earning quarters are coming - Pluto is the natural extension/combination of MS and Nunchi. Pluto will do for near field security what Nunchi will do for heirarchical algorythmic analysis of unique social signatures.
This is all coming together."
If some company were to buy EDIG they would offer maybe 8c at best. A huge premium! Not the several dollars often mentioned.
I like this idea! Great original thinking!
"Lets go to a company that deals in buying and selling companies. and ask them to find us a buyer for $1.00-$2.00 and tell that that would include all of the future market demand patents."
...snicker. NUNCHI is 5 YEARS old. It is vaporware with nothing functioning actually built although the company implied such at their shareholder meeting in 2011 when they said NUNCHI was operating on company cell phones. Of course then they said almost 3 years later that they planned to build a PROTOTYPE to demonstrate NUNCHI tech to prospective partners and licensees. If you actually hold EDIG accountable for what they have said in the past it is hard to believe anything they say implying future potential. Now "pluto"! This is getting ridiculous they seem to take investors for fools. At any rate I think they are almost done as Polis must have finished selling off the 20+ million EDIG shares he used to own in 2008 (family trust or whatever). All EDIG needed to do is create enough demand so the share price would not tank. They have been very successful! Be happy for Polis and Falk. Falk will retire well off and Polis will move on to another junk bus.
The string along continues! Maybe there seems to be nothing there because there is actually nothing there. I know being out a ton of bucks makes you optimistic for success but after over 15 years of EDIGs BS implied potential not working out is it not time to have a little lack of trust and skepticism?
"Why did Woody et al file continuation patent apps for Flash-R?
To strengthen the portfolio and increase it's value.
Iam asked why the company kept filing new patent apps.
So I reply...IMO...I know why.
So, I'm withholding info from the board I see, for not answering what my opinion says I know?
Posts are deleted by admin, so I'm censoring others?
Coyote explained the balance today...nuff said."
Of course it was! Wouldn't want any prospective new shareholders to see mildly critical commentary! Got to protect our wonderful little company.
Answer:They are flim flam men turning a kernel of tech truth into a wild tale if implied potential for share holders to cling on to. They have made an entire career out of it. Be happy for them they have been very successful!