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Never, EDIG will never tell us Nunchi has failed, just like they will never tell us DM is not litigating any more. They will just avoid saying anything other than making nebulous statements which can't be proven to mean anything.
LL
As an attorney I can't agree that all EDIG's dishonest statements are actionable. Are the ones that took place back in the early 2000's that that believed they were eligible for Nasdaq actionable? I don't think so - time limitations. But i'd love to pursue them. Parker and I spent over $35k of our own money bringing EDIG hospital customers and trials and RFPs; I can't see spending more money of my own regarding this. But If someone wants to organize funding I'm happy to participate. I'd guess $100k would be enough to start.
As for talking about it, this is a stock chat board. That's the purpose of iHub, to express opinions and share facts and observations about our investment.
LL
MH - those of us who have watched this take place for over a decade realize what is going on - particularly those of us badly burned by it. But, speaking from personal experience, we all have to learn for ourselves.
LL
I think you are 100% correct.
LL
When Nunchi makes a public appearance and DM files more lawsuits, you can tell me I was wrong.
As to taking money dishonestly, there is a long list of dishonest statements that have been attributed to EDIG. I don't think we need to start enumerating all those statements again, but we can.
LL
It's quite a trick isn't it? Do you know that over a one-two week period about 6-7 years ago millions of shares a day traded at about .33 and at the end of that time the shareprice had not changed at all? This stock has traded between about .025 and about .035 for a long time now, regardless of volume.
And the old truism about whenever someone sells someone else buys is true - it's only instructive however if we were able to find out who it actually is that's selling and who it is that's buying.
Good luck with your investment. Virtually every post, every observation about trades, every observation about EDIG both positive and negative - I bet I have seen a hundred versions of each one over the years. As have many of the other posters on this board.
As Cinderella, noted stock market hair band (or maybe it was just Tom Keifer) "The more thnings change, the more they stay the same." Certainly true for EDIG.
LL
Tim, I think they were actually sells that looked like buys. IMO someone has unloaded a lot of shares in the past week.
LL
Nope. They hoped their patent would hold up. It didn't. Now they have nothing to show shareholders except more of same (which won't happen in my opinion) and more patents and the mythical nunchi.
In order to keep the debate alive they describe it as optimistically (and dishonestly) as they can. DM is finished but it serves EDIG's purposes to keep the technical relationship extant - so they do.
Are they shrewd? Yes - shrewd enough to keep taking people's money. Are they prescient? No - they just know hoe to keep the plates spinning.
LL
I also know that EDIG misinformed stockholders about part of that in that, non-publicly, Fred admitted there were no appeals. One can look at the deteriorating history of the "handling" and draw one's own conclusions. I think mine are more supported by reality. I'm just sayin'.
LL
Cassandra,
You are correct that DM has no obligation to publicly terminate the orinal arrangement with EDIG, and EDIG will never make such an announcement. This allows them to keep shareholders guessing, without ever providing any details or status updates, which is what they do best.
LL
Your reply presupposes inside information. All you know is that DM has filed previous suits and is "handling litigation" and appeals. Fred had to later back off and admit there are no appeals.
DM has no obligation to publicize any cessation of further action. EDIG does, of course, but they won't.
We will only know whether or not there are further filings. I predict there will not be.
LL
I see this is from an article published in Germany in 2002. I read the PDF of the article and can't see any relationship to the mythical nunchi technology other than both talk about some things mobile devices MIGHT someday do.
LL
That's not an article - just a summary of an article. What is the article about, a product, a concept, a specific technology developed by a company? I guess, more importantly, it seems to be OT - what does it have to do with EDIG?
I haven't seen anything about nunchi in the marketplace except a video created by EDIG a year and a half ago.
LL
Never, that's why they are looking for a partner to fund it.
LL
Brad, you are correct. I say that as one who long ago listened to the buy comments. Unfortunately for potential investors, one can prove that virtually everything EDIG has promised, hinted at, indicated, demoed, trialed, announced or "PR"ed has failed to materialize. Nunchi will meet the same fate. Each round of litigation (assuming there is another) shows EDIG with no cards in their hand. All these negatives can be proven
Also unfortunately one cannot "disprove" the positive predictions of success that some make for EDIG. You can't disprove a prediction that "soon" you will win the lottery, though you might have better odds at that than you would at making money with EDIG. So, like Scarlet and Orphan Annie, investors can continue to wait for "tomorrow."
LL
Highstakes,
I bought about 300,000 shares @ an avg. Cost basis of .50 over thhe past years. So... I'M DOWN with that buy. IMHO, anybody getting in at this level .03 has a very poor chance of making money.
So, best of luck with your decision.
LL
Good luck indeed. Perhaps you will want to take a poll and see how many posters on any EDIG board are UP on their EDIG investment and how many are DOWN. Pick any period of time. (Hint: one group is much larger.)
LL
I like the bertrand russell quote at the end. I have a LOT of doubt about EDIG.
LL
How can that be? There is an actual video of two phones doing things that can hardly be imagined. In fact, it appeared that every question asked by shareholders about the capabilities of Nunchi was answered in the affirmative. I would think OEMs would be lining up to manufacture devices which can do all the amazing things EDIG says Nunchi can do.
LL
I fail to see the distinction between promising something and affirming that it is included. I also fail to see any evidence of Nunchi anywhere in existence. So I think it's fair to say that ATT is out promoting more of what they have, even if it is only a small part of what EDIG promised, than EDIG is promoting - effectively nothing.
I also find it interesting that shareholders continue to talk about Nunchi as if it actually exists.
LL
The other thing that strikes me about this is that I doubt ATT waited 2-3 years for a final granting of a patent before putting this out there because they know that if they sit on their butts and do nothing during that lengthy process the market will pass them by.
If there is anything to protect and they have their application in firirst citing all the relevant prior art they are good to go and are putting it out in the market. Can you imagine them holding onto this as a "secret" for several years in a time of rapid technology change and losing their advantage?
LL
Not like he needed it after the millions he made lying to shareholders about "expectations" that EDIG qualified for Nasdaq listing so he could sell his shares at a nice price (or the dozens of other lies he promulgated).
LL
I don't know, the PPS is up to .03 with about 9,000 dollars of trades daily. Could be ATT!
LL
I find this interesting - as I recall this was one of the types of features promised by the Nunchi film.
Here it is being put forth by ATT. One of many of the Nunchi-type features which I have seen elsewhere.
So the question : Is this just another behemoth who already has one of the nunchi features and would have no us for the same thing from EDIG, or is this nunchi, which ATT has already licensed and is using? And note at the bottom it talks about getting the feature out of the labs and into use - are you listening EDIG?
Texting and Driving
We all know that using a phone while driving is dangerous — the National Safety Council estimates there have been over 800,000 crashes in the US involving drivers using cell phones and texting so far this year. As one seller of the products and services at the center of the issue, AT&T has a responsibility to educate customers about safe driving habits, and its “It Can Wait” information campaign is part of that effort. Today we’re learning about another part — AT&T is developing software parents can use to remotely turn off voice and text transmission on their children’s cell phones while driving; revealed in a video (you can find it online) for its nationwide “never text and drive” pledge campaign.
The video shows an AT&T marketing manager demonstrating how an iPad app could be used to remotely block calls, messaging, and internet access on a child’s device. It also shows how the app can be used to set up email alerts for excessive speeding, or to let you know when your child is trying to initiate a call or text message. And a “Safety Violation Summary” screen gives an overview of the dangerous driving behaviors recorded, like harsh acceleration or taking turns too quickly. The video mentions that the same tools could be used to prevent professional drivers from texting while driving as well. This isn’t to be confused with Drive Mode, an existing AT&T app for Android and BlackBerry that lets drivers block incoming calls and messages, although AT&T says the two complement one another.
The unnamed iPad app looks very promising, but so far there has been no official announcement from AT&T, and it’s not clear when and on which platforms the company plans to release it. For the US’s second-largest carrier, getting the app out of its labs and into use will show just how committed it is to driver safety.
Never, when we see some new compalints filed we'll know, right?
LL
Based on what I have seen anything they ask is too much.
LL
I think our definitions of "up" are different.
LL
John, which of the claims by this poster have EVER been proven to be accurate? I challenge anyone to list them? (not directed at you). This post, while understandable, is incomplete and misses the current point(s).
He completely ignores two critical legal implications - the FLASH alteration of what was claimed about this patent which is no longer viable, and there is a markman which destroys it.
How any law firm is going to look at the less than glorious results of the patent prior to those two changes (which resulted in increasingly small to NO settlements/judgments and stalely lowered PPS) and now say it is viable and worth litigating is beyond my powers of imagination.
LL
Some here have said the change in markets is "no big deal."
On your other topic - which of your friends who are not invested in EDIG would you recommend this stock to? We have shareholders who have gotten people to put their children's college funds into this stock, only to lose it all. Which newbies could you "look in the eye " and say "buy this stock."
I could look them in the eye and say "run!".
LL
It will be interesting to see if any lawsuits ever come out of this patent. Limited now in efficacy and timeframe how would a law firm see benefit enough to do a complaint on a contingency fee? I don't get it.
LL
That's funny.
Kool, If you want me to answer your questions I can come within a few words of telling you exactly what they would say. They are nothing but variations on a theme which has been parroted for years.
And current visits to management are nothing more than updated versions of Dr. Hunt's eagerly awaited visits and reports with RP over salmon and Dr. Pepper - or whatever it was. Not a single thing he was told ever came to pass, and not a single thing we are being told now will ever come to pass.
LL
Well said - EDIG has not only never sold anything except "opening orders", they turned down sales when they were brought to them.
Trust me, if anything of substance had happened or were going to happen, we would know about it.
LL
It would be a shame to be cut off from that valuable communication which has given us so much rewarding direction over the years. Actually, no knowing any of it would have been the greatest asset a potential EDIG shareholder could have been given.
That is, of course, because practically everything that either of them has said has been either misleading or untrue.
LL
I know what you mean. I'd happily take .10 - only about an 80% loss.
LL
Hmmmm . . . well said. I think.
LL
I think you have successfully made the argument that there are different opinions about EDIG. In my opinion of course.
LL
Brad, thanks for the post. I just realized why we are not licensing the encryption patent. We are waiting for it to be approved first!
LL
MH - hard to believe that shareholders now get excited if the PPS goes UP to .08.
LL
No one said you did.
There is all kinds of potential, most of it potential failure. In my opinion of course.
LL
Yep - Woodies baby just about captures it.
LL