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Let me guess - more progress and significant discussions with partners. I predict Nunchi will fade into the distance with no one ever having actually seen it in operation - in my opinion of course.
LL
Definitely. That's why $99 of stock traded yesterday.
LL
Not only does it have nothing to do with Nunchi, it is a 20 year old concept focused on other disruptive technologies.
LL
I am certain this is the least value of shares ever traded in a 24 hour period on this stock - $99.00 to the best of my estimation. Is that possible? This is the greatest thing ever invented? A trillion dollar market? A full blown video demo? A compelling article about Hadoop which proves it? A strong statement that it's time to get on board before the train leaves the station?
Yet only $99 in trades? Something must be wrong. What could it be?
LL
It's the gift that keeps on not giving.
LL
Notice the recurring phrase "the company says it can. . ." But it couldn't. Hmmmm. Where have I heard that before?
LL
Great point. Can anyone name a single one of Nunnally's patents that have ever done anything for shareholders?
LL
I just read this again. There is nothing in here except the big data concept that is new. Back in the days of disintermediation the same concepts of disruptive technology were being applied (that was 15 years ago by the way).
LL
of course they did it the way you described. If it actually worked they would have used the cameras focused on the actual phones just like Steve Jobs used the cameras focused on him as he was describing the actual product. The actual product does its thing and the cameras project a larger image so that the entire audience can see.
By the way, the iphone and whatever EDIG was using are the same size, so no excuse regarding size to prevent actual demo of the actual phones doing their actual thing.
LL
Well, in hindsight I think our big mistake was that we did not do a video of the wireless EVU ordering food, books, doing emails, streaming direct TV, demoing the plug-in for accessing home-care measurement of blood pressure, monitoring of same on screen, etc.
If only we'd known that the video would be better received than ACTUAL USE OF THE PRODUCT we'd have been home free.
LL
LGJ,
The more important question is DOES Nunchi work? If so, after so many monts/years, why isn't it appealing to anyone?
It works on a VIDEO, does it work in real life. Would you buy a house or a car based on a video tour, or would you want to see, feel, touch and use the real thing? When the real thing appears, let me know. Better yet, ask some one to ask Fred if they can use it. I got to use EVUs. We had a case of 25 of them. i got to use the wireless EVU for an entire day - it was new and proprietary. It was even more highly sought after than MSFT's or IBM's product.
What's so secret about Nunchi that no one can see it?
LL
It's hard to believe that anyone would have been taken in by this? How long ago was it? If it was working so well then , where are the partners and revenue?
This is ludicrous.
LL
Oh, there were reactions. Try again.
When you see one of these things, in any version other than a video, please let us know.
LL
I am dumbfounded to learn that the demo was a video. I've never even heard of anything like that. That's yet another reason why a visitor would want to at least ask "can I see the real thing? You don't have to make it work, just let me see it."
Only slightly less amazing is this post about big data and the conclusion that it has something to do with what Nunchi supposedly does. Hadoop is parallel processing that can scale infinitly and doesn't use traditional file systems - it's what IBM Watson and their Ensemble Search used essentially.
Weird stuff indeed.
LL
Another new patent, app, lawsuit, etc.
LL
Weii said.
LL
Wow indeed? Why would the same company issue a PR that said they "believed" they were eligible for Nasdaq listing when it was clear from a cursory reading they were not? Why would they issue notice after notice about pending deals and OEMs and volume sales when they were not true?
Two reasons: they know that no one is going to do anything about it because (second reason) all their language is carefully crafted around selected language which provides that selfsame deniability in addition to repetition of their mantra, the Safe Harbor protection.
Hope that answers your question. Meanwhile, they just keep taking and making money.
LL
Even assuming one agreed with your thinking, one potential, unknown, success balanced against 12 years of failure, is not much of an argument for accumulating stock is it?
LL
Take that sentence, change 3 or 4 words, and you have the history of EDIG for the last 12 years.
LL
Tim - I admire your focus. You have the right idea about how to play penny stocks.
LL
That's good - homerunchi - really.
Actually, someone CAN say, it's just that no one can show. And if they had a partner they would have a product. This is not difficult stuff.
LL
Joe,
No offense - this is silly and way behind the times. We are already doing this with big data (Hadoop) and the cloud. We are releasing a PR on Tuesday that will completely disrupt pricing for our marketplace and will announce a partnership in a month or two that will disrupt that disruption.
This world changes every month. And it is MUCH more complex than sensors. eBay, Yahoo, Facebook, Dell, Sears, our company - all these guys run big data (Hadoop/HBase/MapReduce) and have for years. Google developed it and open sourced it. Now they have built a new version that they are patenting.
All the companies working in this area are forward thinking and constantly improving and changing what they do. If they stand still they will fall behind. EDIG can't even show a real product in a year and a half. It's a joke. Fred is a joke.
The reason he can't schedule more than 20 or 30 minutes to meet with shareholders is that he has nothing to say or show. Get me someone who has seen Nonechi work. We are happy to show any version of our software, fully developed or not, if someone wants to see it. What's so special about a 7 person company that they have to be secretive? Only one reason. The secret is there IS no Nonechi.
LL
It is now fairly obvious they have a film showing an idea they have and they are taking it to some developers and asking them to take their idea to fruition. If the idea were worth its salt then someone big could have developed it in a month.
We built a verty complex cloud solution with a $60B company complete with burstable bandwidth and capacity, the ability to do digital cloud forensic collection, and a myriad of other capabilities in two weeks, and we only have 100 developers. Just think what a real big company could do with Donechi. A year and a half = please.
LL
A physical product in a film that no one has seen. Sorry. If he can't give you a demo on it then I don't believe him. If he can't at least take one out of his desk and show it to you then no one should believe him.
So the demo was a film? That's absurd. If we tried to show a film as a demo to anyone they would walk out.
Ask him to let you see the phone and point to the features. If he can't do that then you are being conned. In fact, you're being conned whether you believe it or not since if all these guys are carrying them around and showing them to customers and we don't have a single hit after a year and a half, I'd say sales are not going well.
LL
It just dawned on me how we can put this entire demo question to rest. If in fact they are really showing this to customers as they claim then they must have a working model that does all these fabulous things they claim. No one is going to buy based on a powerpoint or a conversation - you've got to SHOW the customer. If they haven't gotten to that point since the SHM all must agree this is a joke.
So I hear some shareholders are going to be visiting with Fred soon - shouldn't be too hard to get him to take it out of his drawer and put it through its paces so at least one human can claim to have seen it.
When EVU wireless was being shown in Denver Bostenero put a working model together that accessed the hospital library, cafeteria, streamed live TV, etc. So when you visit, ask to see it and let us know what the verdict is.
LL
Never, i was going to use the football analogy but I think I've used it about 20 times in the past 5 years. How about this? When CB kicks the football the first time THEN tell me about all the stuff Nunchi does. Until then people are just repeating what they've been told by EDIG and shown in a long ago in-house demo.
LL
And I have to add that at some level it's silly, given EDIG's LOOOONG history of demoing, promising, PRing, and expecting and then failing to deliver in one single area, to rationalize that THIS promise is going to be different. It would be one thing if they could show a single sale or customer or give a quote from a third party who had seen it work, but until then - silly. In my opinion of course.
LL
Joe,
Excellent post. And it's not up to any of us to point out whether there are others in the marketplace; it's up to EDIG to show THEY can enter the marketplace.
I understand about frameworks and the vetting process. I have never heard of one taking so long, especially when EDIG has told us they are already showing it to customers and are going to rapidly commercialize (sounds suspiciously like monetize). I think if it were going to happen it would have happened by now.
And let's get real about this demo thing. A demo does whatever you want it to. We get business from a competitor that kills it with demos, sells it, and it doesn't work. When the demo becomes a sale i'll pay attention. Until then a demo, especially one as far in the past as this one, is BS.
LL
I think the more accurate question is - does it work? Not how does it work. Neither you nor I nor anyone knows if it works because it has never been seen in public.
LL
IMO we disagree. LOL. (Good one by the way.)
Hey, we'll either see or we won't see. EDIG's track record is pretty clear. Just show me a big customer that will genreate ongoing revenues. I'll be happy to see it.
LL
I am not a sensor expert, but if you type in "sensor aggregator" or similar search terms into google you will find hundreds of companies working in this area. I've never said Nunchi is a simple app. I HAVE said it is NOTHING - because it has not generated a single customer or dollar or revenue and has never been seen outside of an in-house demo and an inarticulate website statement.
I drank the koolaid for years. I know what it is to believe. But now I'm free at last, free at last, thank God Almighty I'm free at last.
LL
I would trust a guy flying a sign on the corner asking for handouts more than any utterance from EDIG.
LL
Let's see. I played a significant role in the introduction of the most robust piece of intellectual property software on the market and I now am with a company that has 100 software developers in Pune working with Hadoop, HBase, Lucene, and Latent Dirichlet Allocation. We just signed a cloud contract with a $60B company. But maybe I just don't have the horsepower to understand the intricacies of EDIG's brilliance.
I think I can wrap my tiny little brain around what EDIG is telling us. I would wager many others can as well - certainly moreso than the GC of simplenet and board member of EDIG.
EDIG SAYS it is a platform still in development (and has been for years evidently) and that it was going to be rapidly commercialized (quite some time ago).
If it is pretty much done then where are the results? Who is using it? Has the company supplied one piece of evidence that it will generate revenue?
Regardless of what EDIG SAYS it will do, and regardless of people's understanding of what EDIG SAYS it will do, and regardless of how impressed SOME are by in-house demos, it all means squat until it starts making money for the shareholders.
To compare it to the "Flash-R" patents (they are good with names aren't they) may not be the best analogy since those patents have done nothing but drive down the PPS and appear to be pretty much dead at this point.
But maybe this time it will be different. Maybe I just don't gt it.
LL
I agree with the part of your post below:
"I disagree with this:
'People can already get all the apps and assets they need from apple, samsung, and myriad other devices'.
If this were true, then there will never be another app or asset produced by anyone let alone eDigital. Many inventions have come along and been successfull from previously unknown sources/individuals. "
Let me restate more accurately. In my opinion, people can already get everything of consequence which "Nunchi" offers from apple, samsung, and myriad other devices. Of course, until anyone actually sees "Nunchi" in action, we would have nothing with which to compare that which is currently available. So, factually speaking, and in my opinion, people can currently get NOTHING from Nunchi which is available elsewhere.
LL
That's great. A demo - how long ago? And how would one know these things to all be true or did EDIG just "say" them?
Words are meaningless. When they can show they are getting tracction in the marketplace and ballpark some revenues, I'm all ears.
Just curious. If another year goes by with no customers for this thing, what would shareholders' feelings be? I am personally not interested in anything EDIG has to say, only in what they can show in terms of customers and revenues. We have absolutely no idea if anything reported is factual, or even if it works outside of a demo environment. And even if it does, why would anyone buy it? Peole can already get all the apps and assets they need from apple, samsung, and myriad other devices.
LL
Never - EDIG is lightyears behind in the sensor market - I still haven't seen anything they claim that is unique or not already being done by some giant company. If there were some incredible advantage to this "technology" they would be churning out the partnership agreements.
This is a piece of information for shareholders. If it were for the marketplace there would be a PR, along with tangible evidence of revenue successes. But as long as shareholders can be fooled by a demo they will keep doing it.
This reminds me of the time when the boards spent a year or two posting everything that ever happened with Apple and wondering which piece was EDIG.
LL
I am aware that EDIG claims to have a "product" of some sort that uses and enhances sensor technology. I have not seen any features it purports to have that are not already in the marketplace. I have not seen any partners or sales from EDIG with this hypothetical product.
So I think we are all aware there is a sensor market out there. The question about EDIG is - what do they have to do with it? So far the answer is nothing.
If you are asking what do they SAY they have to do with it - the answer is everything.
We could be having the same conversation about Flash, music players, hand held video, etc. They are all huge markets, EDIG does great demos and announcements about all the progress and partners and meetings, etc., but nothing ever happens.
So in the literal, revenue-producing sense of the word, what doe EDIG have to do with it. Answer: nothing.
LL
What does this have to do with edig and the PPS? Every market edig has pretended to be in has been a billion dollar market.
LL
When does EDIG issue its next public fairy tale? Quarterly report.
LL
No offense, but is Cocumelli a technology guy? What does/did he know about future versions of iPhone? He obviously was referring to whatever the next iPhone or the currnt iPhone was. How many versions back was that? Maybe it was iPhone 12 and he knows exactly how EDIG is going to be "inside" iPhone 12.
People on message boards have been talking about EDIG being "inside" every apple product that has ever been produced for 12 years. It fits with EDIG's core competency which is talking, not doing.
And however you want to parse it failure to take the action implied or to readdress timelines on a statement like that for over 2 1/2 years is an egregious affront to shareholders. And a lie.
If nothing happens with apple for another 2 1/2 years will you still be thinking we're doing something with them? I sure hope not.
LL