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People who have watched EDIG for many years know it is the same old BS that never results in anything concrete for shareholders. If I just started investing in EDIG 3-4 years ago I might give them the benefit of the doubt. No company has "luck" as bad as EDIG.
Many predictions this quarter would be huge only to now be minimized and the goal posts moved forward. I do not think the settlements are getting any larger. Next quarter!
Wait till next quarter it is sure to be great! I think I have heard this for 15 years. EDIG is detained to always be the company of the future.
In the below article a lawyer who represents non practicing entities like PTSC says companies like PTSC who make no products may not even be able to be successful ever in asserting their patent rights. This is the great concern with PTSC and probably why it continues to sell off. That is why I watch to see if the legal landscope improves:
http://www.insidecounsel.com/2015/06/24/patent-trolls-may-find-it-harder-to-hire-competent
"The founder of one of the most recognized law firms for representing non-practicing entities in patent cases – Chicago-based Niro, Haller & Niro – says it has become impossible to “successfully” represent them.
“Special interests, including Google, Cisco, Apple, Intel and Microsoft, have created such prejudice against the individual inventor and the small companies they create (calling them ‘patent trolls’ and worse) that they simply can no longer be successfully represented,” attorney Raymond P. Niro said in a statement to InsideCounsel. “The result, I fear, will be a permanent decline in innovation in America.”
An 80k sale this am tanks the share price from 3.2 c to 2.82c. That is how weak the stock is. There is simply no demand. If you were to try to sell 100,000 shares now the price would dip to the mid to low 2c range.
Look N like another bad week for PTSC. I want to see the company be successful but the patent landscape has changed since 2006 and the tech and political elites say companies like PTSC that do not produce and only harass the producers with litigation get nothing. I predict PTSC will be run out of town unless the legal and popular landscape changes. Unfortunately the Microsofts, Googles and Intels of the world have the politicians on the take. It is wrong but it is the reality. It may take many years to right but PTSC will probably run out of money by then and their patents expired and unenforceable. That is why the stock is at 3c an dropping. The selling of this stock continues at every opportunity. Just trying to be objective and the facts seem to bear this out. Sad but true.
1 million gross profit. 33% goes to the lawyers so that's $666,000 then EDIGs overhead is about 300k a quarter. I think they net 200-400k.
heybrad- Still waiting for those NUNCHI and Microsignet demonstration prototypes promised how long ago...gotta be more than 1 year. Wait did that not claim to have NUNCHI installed on EDIG employees phones years ago...oh never mind that's just EDIG being EDIG!
Hey buddie! PTSC looks like a goner right now so I am not invested. Still interested if the trial and appeal works out and they get by all the motions to dismiss the case but that could take years PTSC does not have. The fact is PTSCs accused infringers know they have politics and public opinion on their side so they will simply run the company out of cha chang which seems like a distinct possibility. Bad situation for PTSC right now.
10-K:for Fiscal Year Ended 03/31/15 due Monday,June29,2015
http://www.secfile.com/our-resources/secdeadline/#EDGAR_Filing_Deadlines_for_Quarterly_and_Annual_Reports
I expect a decent quarter I mean they had over a dozen settlements which, even at nuisance value, could add up. Of course if the "nuisance value" is less than $100,000 ea. as in prior quarters it wont add up to much after expenses. "This time will be different" is something I have heard constantly for the last 15 years with this stock. In my opinion the company is counting on greedy optimistic investors to prop up the share price with buying so the Polis Family Foundation can finish selling its millions of shares without tanking the share price.
I do not expect NUNCHI to amount to much and I do not even think it could be patented today as the new America Invents Act requires an actual working invention to patent. Since NUNCHI was applied for before the AIA took effect they got their patent. EDIG is claiming with NUNCHI that any product that uses the "cloud" and makes an interpretation for the end user infringes. I do not think the NUNCHI patent is nearly that broad and if it is never should have been granted a patent. I think the NUNCHI patent is only for a very specific implementation of steps that can easily be worked around by changing up the steps.
The ZERO volume says there is ZERO interest in the stock. The reality in todays patent world is that a company will only pay if they have been taken to court and lost a judgment and even then, as with HTC, they will take the appeal to the last minute. The article I posted made it clear that back before 2006 thing were different and accused infringers usually settled if you has a good case. Not now. If you are following the legal proceedings with Samsung they are using every trick in the book to delay things and drag the case out. They are finding reasons to not give PTSC requested documents for discovery leading to a motion hearing...delay. They are even using a trick not really even in the book, the Kessler motion, to delay. I doubt the case even goes to trial in mid 2016. I expect with all the delays it will be late 2016. Then there will be an appeal which we all knows takes about a year to be heard and decided. The goal is to run PTSC out of money with delays and it may well be successful. That is why there is zero interest in the stock right now.
I think PTSCs dropping share price has more to do with the current pending legal motions which could kill their case, the fact no licenses have been signed in a long time (and those that do are for little money) and the general uncertainty that NPEs like PTSC will be legally allowed to continue to litigate or if new legislation will shut them down. The big tech companies certainly want to be able to continue to use the tech of smaller companies without paying for it and have contributed heavily to Democrats (because they hold the power of the US Presidency)and many Republicans. Google, Microsoft, Facebook they all want legislation passed that lets them use others tech. which, combined with their superior marketing and distribution, would cut future competitors off at the knees. Until the legal uncertainty is resolved it may be difficult to make money on PTSC.
Bid.027 Ask.0285 Vol311K Looks like a little selling today. Definitely not "somebody knows something" volume though. Sad to see the stock back in the 2c range.
I think if PTSC wins the Kessler motion that simply keeps them alive and if they lose the stock goes sub 1c. As the IP today article I listed said companies are simply saying no to paying any licensing fees and litigating until the end. The Samsung case is not due to go to trial until mid 2016 and "the end" is when the appeal is exhausted. That is why I say things could take until mid 2017 given how slow the legal system is. I think until patent law changes in the NPEs favor PTSC will have a hard time doing any licensing.
This is new information and explains PTSCs current situation and the much changed environment for patent holders. This is why I am on the sidelines with regard to PTSC but watching for positive developments. I think there will be lots of time to buy in when/if that happens.
An excerpt from the article:
http://www.ipwatchdog.com/2015/06/15/patent-reform-fuels-fear-paralyzes-innovaiton-market/id=58743/
Judge Michel explained:
It used to be, in my opinion, that we had something you could call an honor system in this country. So, for example, in the 1990s IBM licensed to thousands of entities, tens of thousands of patents for important technologies and never had to file a lawsuit. Their program was so huge that it netted profits of several billion dollars a year and required no litigation at all. Why? Because the honor system was in effect then.
David Kappos and I became affiliated with something called the Intellectual Property Exchange International, which was an attempt to create something like the New York Stock Exchange for patent rights. It would be totally transparent, non-discriminatory, open market-based pricing and so forth. It went out of business on April 30th because despite having numerous portfolios that looked to me to be of very high value and that had been independently vetted for validity and economic impact, in the end every one of the apparent infringers declined to buy a license. In every one of the cases the business people in the infringing company wanted to buy a license and [it] would go right up the line, yes, we should take a license, it’s a good business deal and it was very good because they could buy not only a license very cheaply going forward but six years of backward immunity and most of them had been practicing these technologies for years and years. So the dollar amount of infringement damages could have been quite huge. So what happened in the end? What happened in the end was either at the CEO level or when they consulted outside counsel in every single case every perspective licensee was told by their outside lawyers do not negotiate, do not license, do not respond, throw away the letter, don’t answer the phone call, don’t do anything unless and until they sue you. If they sue you call us and we’ll defend you and … maybe we can invalidate some or all of the patents in an IPR and we can outlast almost any plaintiff. So in the end nobody took a license so the enterprise of creating a stock market for patent rights collapsed, went away.
I mention this story simply because it’s further illustration of what a complete sea change we’ve seen in this country already so to me that raises big questions about the risks of further negative changes if we have reform that’s not really well thought out.
Efficient infringement and the consequences
Judge Michel is certainly correct. One thing that all the changes in patent law over the last decade has accomplished is to make it a far better business decision to infringe. There has always been concern in the patent holder community about something called the efficient infringement theory. Under this theory it makes more sense to infringe rather than to negotiate and seek an amicable resolution. In the past this was a problem largely isolated to small businesses and independent inventors who simply didn’t have the resources to fight when their rights were being infringed by a large entity that was not interested in participating in a responsible way in the honor system that Judge Michel describes. Today, however, efficient infringement is alive and well, and is a problem for all patent owners regardless of size.
PTSC is a "non practicing entity" which is the technical name for a patent troll. PTSC makes nothing that use its patents and exists simply to sue productive companies. The
house legislation currently being debated could hurt PTSC.
The recent fact that PTSCs lawyer, Jim Otteson, walked away is also a concern. He seems to be the one who would know the potential of the MMP to collect money in the future and he was due a big % of that.
PTSC might have "won" against HTC but they only won 1/10 of what they were trying to collect. HTC fought the ruling on appeal and dragged it out as long as possible. I worry that Samsung will do the same thing in this case. Large tech companies are emboldened against non practicing entities and have the public and political elite on their side. This is not 2006 anymore and patents have been weakened.
I am just trying to be objective about PTSC as an investment. I feel that when some of the problems get resolved PTSC might be a worthwhile investment. It just seems very risky right now.
Buy or sell PTSC? I recently completed an analysis that I shared with some of my friends who used to own PTSC. I will share it with the board.
Reasons to sell:
1. Pending Kessler motion needs to be ruled on by the district court judge. The politics are clearly against patent trolls like PTSC as the huge tech companies have won over the political elites to their side which is to eliminate the trolls.
2. The current patent reform legislation in the US congress would eliminate patent trolls like PTSC and make it virtually impossible for them to use litigation to harass productive companies.
3. PTSC management and board are inept and even success in litigation may not translate into share holder value.
4. PTSCs patent licensing company Alliance quit. Before they quit they refused to hand over any of the companies they have sent letters to accusing them of infringement. There is also detailed claims charts on these companies that Alliance worked on for years. Without this information is may be impossible to pursue some companies for certain MMP patents. PTSC toxic "partner" Lecrone (TPL) basically took the ball and went home. PTSC management were suckers for years always falling for his brinkmanship.
Reasons to buy:
??
The investor relation contact is Cliff Flowers. Really. Good luck getting him to talk! He makes $400,000 a year for doing nothing.
The company has 3 employees no investor relations "department". The employees are Cliff Flowers, Gloria Felchyn and Carlton Johnson. They do not communicate with shareholders because they want to keep their paychecks flowing and they are very large paychecks for doing nothing. Companies defend themselves against PTSC because they have to or a default judgment would be rendered. Like I said once the company wins the legal battle, hopefully by 2017, and gets a new management and board PTSC will again be a place to make some money!
There are ALWAYS plenty of shares of PTSC for sale at any price. With the price dip in the last few months I speculate many have been lightening their exposure to PTSC if things go south with the Kessler motion. There is always lots of time to buy in if PTSC ever does sign significant licenses. First of all nobody will believe it until the financials are reported because the PRs never mention license amounts. That is all a very long way off though. The Markman hearing is in December/January 2016 and the trial is sometime in the summer. Samsung and the other companies will do everything they can to get the case dismissed or delay as much as possible. They know the political class and popular opinion is on their side. If they ever actually lose then they will appeal. My time frame to look to buy shares safely is once the appeal is decided sometime in 2017 if the company is still around. With the potentially precedent setting Kessler motion in play this case could get appealed all the way to the US Supreme Court...and we all knows how long that takes! Yikes!
Bad time 2 buy PTSC right now in my opinion. The political atmosphere is totally against patent trolls like PTSC so the District court judge might approve the Kessler motion to dismiss the case. These district court judges know if they ever want to move up they have to tow the line with Obama and Obama is against the PTSC trolls. At any rate it will take a couple of years to get new management and win a new case and survive the inevitable appeal. Once those 2 problems are addressed PTSC may very well be a buy. Of course the patents do expire in July or August so that is another problem. PTSC can sue companies for infringing on expired patents but only if they sent them a detailed notification before expiration. Unfortunately for PTSC Alliacense was taking care of that and, according to PTSC would not turn much of their information over. Who knows how many accused infringers PTSC can actually pursue. Too much risk in this stock right now so I am on the sidelines. Last weeks selling opportunity seems to have gone. With no volume the stock sinks into the 2 cent range with any large sells.
Selling the pop last week was clearly a winning strategy. The stock was up from the 2-3c lows by quite a large percentage. You can make money on this stock by taking advantage of the large % increases in price from .029c to .037 and not getting too greedy. Still not too late to lock in some gains from the recent lows.
I doubt you will see news any time soon as the Kessler motion still has to be reviewed by the district court judge. This may take several months. The judge might approve the motion then PTSC is worthless. Also, I doubt any settlements come and if they do there is no reason to suspect they would be any more than the $1.8 million HTC paid which, as we know, is not enough to trickle down to shareholders after the lawyers and PTSC mgt take their huge cut. This was confirmed in the last financial report. I think the only way the stock goes up is if PTSC shareholders sue the board and management and organize to get rid of them. If that can happen and the trial in 2016 is won by PTSC and inevitable appeal is won in 2017 then I would buy lots of shares!
Sadly the tiny settlements PTSC gets because of the "win" against HTC do not even pay for the bloated overhead at PTSC. HTC paid only 1.8 million and the quarter it settled in did not make a profit I believe. SO you can see it is hopeless even if the district court judge does not approve the Kessler motion. I think with new management and a new trial with better damages resulting could be the home run for PTSC. The Markman hearing is coming up in late 2015 and the trial should happen in mid 2016. Then if PTSC survives the appeal decision it should be off to the races in 2017! Quite a long road ahead though. My bet is the sidelines are the place to be right now.
The district court judge could reject the Kessler motion recommendations. Judge Grewal is only a magistrate court judge. District court judges are way more political than magistrate court judges and the political winds are against patent trolls like PTSC who produce nothing. It is very likely the Kessler motion is approved by the district court judge. At any rate it will take another 3-5 months for the district court judge to review everything and make his ruling which is the only one that matters. It taint over my friends. Sell the pop as small as it is!
Too bad people do not get mad at PTSC management and demand change. Cliff Flowers is happy to sit back and collect his $400k a year salary while your investment falls apart. The other board members also make a fortune for doing nothing. Selling now makes a lot of sense from many perspectives. The Kessler doctrine stops PTSC from re-litigating the patent case they lost in the ITC judicial forum. When the ruling comes out on the Kessler motion the stock drops to zero. If you somehow win the Kessler motion the case gets appealed to the Supreme court and we all know they have no sympathy for patent trolls like PTSC who contribute nothing. I have advised a few of my friends who have PTSC to sell and take a reasonable wait and see approach. I am sharing this advice with my friends here on the PTSC board.
Since there were no PRs on the settlements I assume they are nuisance value. Of course EDIG would want to PR settlements but the only deal they could get was no PR and tiny money in my opinion. It is usually tiny money when the company will not allow its name to be used in a PR. I expect the next financials to show that, once again, the lawyers and Fred Falk and co did well for themselves with little left over for the shareholders. Any optimism regarding actual hoped for financial results with EDIG in the last 15 years has resulted in the same dismal outcome.
Soon to be below .03. Lots of sellers here and good reasons to believe the stock drifts lower. Of course losing the Kessler motion renders the stock worthless. Even if you believe in PTSC it would probably be prudent to sell your shares and wait this one out. Also, your licensing arm, Alliacence just quit which means they probably did not see much money left in the MMP patents. Also, they have all the claims charts and letters to accused infringers and I doubt PTSC ever gets them. Very sad news for shareholders. No reason right now to hold the stock. Just saying.
The only positive on the recent options grant I see is that PTSC management certainly would not want to see positive action on the stock until they got their cheap options pricing.
They were only granted options to buy they did not actually exercise them. That is what they acquired. Flowers and Felchyn got them as well.
Nuisance value settlement like all the others. The lawyers and Fred made money! Be happy for them!
Dude get real! The stock is DONE. It is over friend. You should help yourself out and take the 3 pennies! Of course if u try to sell more than 25,000 shares it will hit the 2 cent range. Just saying friend!
Your lawyers quit! NEVER A GOOD SIGN! I certainly doubt that PTSC/TPL dumped the lawyer that "won" them the 336 case. Anywho it is probably irrelevant as Judge Grewal will soon be kicking your sorry case out of court as it has already been adjudicated in the ITC and U lost! Time to dump this dog folks.
Peeps! Now is the time 2 sell this junk! The ITC loss is LEGAL PRECEDENT and Judge Grewal in the No District of Cali will use that precedent to toss U patent trolls out a court! Once that happens the MMP is TOTALLY worthless (as if it was not worthless enough given the tiny judgment they "won" against HTC). Get ahead of this my friends and take the 4c GIFT now otherwise you will get NOTHING. The stock goes to 0 (ZERO) when you loze. The writing is on the wall friends. Jus saying.
RUT RO! '108 US Patent Office Rexxam GRANTED! See ya in 1-2 years as the government takes their usual sweet time. All kidding aside this was kind of expected as the US patent office grants 70% of all reexams. May not hurt the share price.
Sadly EDIGs PRs still have the intended effect of inspiring share holders when we all know their PR track record! 0 for 20! Not a single one resulted in sustainable revenue. Must just be "bad luck". I'm sure the good "Dr" Nunally along with super salesman Fred Falk are putting the final touches on those NUNCHI partnerships they said would be "expected" to be inked in the fall of 2011. Oh they just missed by a few years I am sure if we are patient results will follow! Have some fun and google "context awareness patents" and you will see that EDIG in no way have the entire IP space on using sensor data to inform human behavior! The one below is from 2003. There are many many more.
http://www.google.com/patents/US20030182394
Abstract
A method and system for providing context information, systems, and actions for a range of information technology platforms and interfaces. Context includes the aggregate knowledge about a user's situation and intent. Included in the system are tiers of features for enabling context awareness, including a collection tier, analysis tier, and action/effect tier. Information relating to entities, which are the elements that are included in the system, such as users and communication devices, along with states and relationships, is identified and accessed by a context engine, which obtains the information from sensors and interpreters for the information. In one application tier, the context engine is used with any set of entities, states, and relationships. Another application tier, referred to as “context packs,” includes preset sets of entities, states, and relationships identified for predetermined applications.
I understand that I'm gonna be rich! EDIG speculative feeling when I read about settlements but it has kind of worn thin since the settlements started in 2008 and they got smaller and smaller. For well over a decade shadows of EDIG have somehow shown up everywhere only to end up actually being nowhere.
8mins left2 sell peeps!The NDCA hearing is over and I can tell you, in my opinion, it does not look good 4 U ! Get your sell order in EARLY friends! Do not be the last one out!