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It is absurd both that the company issues this information and that anyone attaches significance to it.
LL
The company is engaged in discussions and activities. Wow - that is really impressive. And it filed for some patents? Can anyone articulate a business model based on this information which will spark wide-spread buying interest and raise the PPS? Are these RP's vaunted "elements?". And why are we reposting old, useless, verbiage from June 22?
LL
Never - you are telling my story. Stop it.
Only I will have lost twice as much, so I feel twice as sorry for myself! Just kidding. I have no one to blame but myself.
LL
People keep talking about maybe, hoping, averaging down, etc. I have been asking for a year for someone to give me a scenario of what could happen to raise the PPS. We know they are not going to sell any products. We know Nunchi is a smokescreen. We know what happens when they litigate. When they settle, it is not for sufficient amounts to raise the PPS and there is no reason to think revenues will be ongoing. Now they can't settle because of the markman, and they seem to be permanently screwed because of the RAM issue.
Who are they going to sue for 737 infringement and for how much?
What business plan could possibly generate ongoing revenues sufficient to raise the PPS? I keep asking, no one can answer, but people keep buying. Makes no sense to me.
LL
How are we coming with all those hundreds of infringers and hundreds of millions in revenue? About the same as with all of EDIG's other pronouncements and expectations. About the same as Nunchi. Wait - we did a demo to the shareholders. That's EDIG's definition of rapid commercialization.
LL
Won't ever happen but there are others averaging down. Never and I "averaged down" also. If i were going to buy more, and I'm not, i would wait for tangible evidence of ongoing revenues - though i can't even fantasize re what they would be.
LL
Right - and still over 150 "infringers" left to go.
LL
I predict the next filings will say something like "EDIG continues to make progress in meetings with potential partners regarding use of Nunchi technology."
LL
I'm hoping for a dime. That way I would only have about at 90% loss.
But I doubt it will see a nickel again.
LL
If you say so. I have an undergraduate degree in English and can't fathom a guess at what it is supposed to mean.
LL
That would well and truly be the death knell.
LL
Yep -definitely for a while longer - a long while.
Thanks to you guys for keeping it above a penny.
LL
It's definitely below a nickel.
LL
That's AWESOME. Get the word out! And keep averaging down!
DOWN being the operative word.
LL
At under .03 a share.
LL
Ever been on a sales call or a sales meeting or demo with EDIG? Check that out in person and you will have some answers to your questions.
LL
Pam, Get the word out!
The reason they don't have foreign applications for patents is they know it's worthless, it costs extra to patent in other countries and they know it's not worth it.
LL
We share the same hope. Unlike you, unless history is made, I have a REALLY good idea what will happen. In fact, it's happening right now. In fact, it's already happened.
Nothing.
LL
Like I said - yet another example of how woody and his boys made money at the expense of the shareholders.
LL
Didn't they just figure out how to move it to another "investment" so that the shareholders would not be able to participate in the profits?
LL
If EDIG had even been correct on 1 out of every 10 of their statements to shareholders and PRs we would be a happy bunch today. It's a shame they can't even hit that average. In fact, have they EVER been correct on a PR that brought value to shareholders? They'sve been correct on opening orders, on filing lawsuits, on nuisance value settlements (which had to be kept quiet because thee lawyers said "keep in on the down-low"). Anhything of substance?
LL
So I guess it is true factually, as well as in share price, that it has NOT always been a penny stock. Fancy that.
I guess those who have been saying for years that it is a high risk penny stock are not familiar with this part of their history.
LL
Was it ever actually listed on Nasdaq. I thought it was just that they said (dishonestly) that they "believed" they met the requirements (though a 3d grader could read the three requirements and see they weren't even close on two of them.)
LL
It WOULD be nice to know what that progress and "rapid commercialization" is.
LL
Joe - same to you. I hope that you make money and I hope that I make money. I think we just have different opinions about whether it will happen.
And I admire your outlook on life of course. Technically this has been an OTCBB stock. I don't think many thought of it as a penny stock for a good while though. Certtainly cost me more than pennies - .
Best wishes,
LL
Oh, that's rich. You go from taking a position that the company must be staying open for some reason which will be good fro shareholders to backing down to "I don't really have much skin in the game so I've got a lot less at stake than you did." Nice. Convincing as well.
Since you have not much on the line you can pretty much say anything you want to.
LL
Kool, how much time have you spent hanging with these guys? You think you know them?
Remember that woody has a shole string of companies that sell stock, trade on shareholder hopes, have familial relationships, and engage in shady financing deals so their buddies get lots of stock and options. If they walked away from one of these companies the entire house of cards might be threatened.
Believe what you wish.
LL
I'm not sure what stock charts you have been following, but there was a long time when this was not a penny stock. When I first heard of it and bought I think it was $1.50 or so.
And if you really believed it was and always had been a penny stock didn't you feel an obligation to share that information with shareholders when FF and RP issued their PR that they believed they met all Nasdaq requirements and were filing for listing?
LL
Joe, quite admirable of you. When I invested my $275K this was NOT a penny stock. Now that I understand the company from an up close and personal standpoint that no other posters have, i can attest to the fact that their dishonesty is why it is NOW a penny stock.
I'm not in any club except the dumb investors club.
LL
Never - a most articulate and accurate portrayal of reality. I highlight one of your best paragraphs and then comment below. This is one of the best summaries of the company and its disdain for its shareholders (and their total unwillingness to challenge EDIG in any way) that I have read in a long time.
"You seem to be hoping that they must be doing good work just because they are there. I thought that for 12 years before arriving at the answer. I always would think "they must have something of huge value" and they never did. I realized I had simply projected my optimism into their vague PRs which lacked any facts but were filled with innuendo. You just came along on the most recent business they are hyping. I have to tell you they all looked good until you realize the pattern which is they never work out for shareholders. All tech companies have failures but this one has failed arguably since 1996 and with the exception of the brief moonshot in 2000 the share price perpetually stinks. If you want to believe on blind faith and the good nature of man go right ahead. EDIG has always counted on investor optimism. I am sure in 2 years they will be very optimistic about whatever business they are "working on"."
You left out the part where when they (shareholders) are optimistic they are supposed to "get the word out" because X law firm is "handling" their litigation but you got the part right about how the are going to "rapidly commercialize" whatever BS patent or technology they are "working on" at any given time. I too was one of the optimists who disdained (sp?) and vilified the MurrayHills and Cassandras who were providing accurate information and warnings for years. Hard to believe in hindsight as most of the business decisions I have made in my life have worked out fairly well. EDIG is the dramatic exception that proves the rule.
I no longer believe in blind faith but I do believe in the good nature of man - one just has to look very, very carefully when seeking it. I do not see any at EDIG.
I also have had the opportunity to communicate with their former in-house counsel recently - I can't get him to say much about anything, after all, he did give his approval to execution of some highly dubious documents in the digeplayer era. About the most he will say is he's happy to be somewhere else and EDIG was "quite an experience." Same can be said for all of us.
LL
I would argue that what they are doing hardly quaifies as keeping a company going. There are what, 7 people?
And the answer is to keep making money, both on the payroll side and so polis and all the insiders and financiers can keep selling the millions of shares they still have and obtained at bargain basement prices.
Certainly not for the shareholders. If you think there is some great product or series of litigation that is going to jump the PPS you've been drinking the koolaid.
LL
You're kidding, right? Who is a potential infringer? Neither the company nor the shareholders have targeted a suspect. Why would anyone use this technology?
And who is going to be sued for infringing on 774 or 737?
LL
WHEN Nunchi fails? You're kidding, right? How long has it been since they were aggressivly getting it into the marketplace? We'll never see a single immplementation of it.
And my gues is 90% of every "promise" made at SHMs have been false.
LL
Yet another example of EDIG honesty.
LL
I suspect there are more than a handful of shareholders that know more about the patent history and the EDIG history than does DM.
LL
I think he acccurately surmised that nothing happened of consequence, lending even more weight to the dishonesty factor in their touting hundreds of millions of dollars of potential settlements and 150+ infringers.
LL
Understood and agreed.
LL
Never, you are saying the judge had the information about the 1996 IP suit involving 774 with Norris as the plaintiff? I know who the lawyers were in that case but they have never uttered a word about the result and it is not reported anywhere. Can you direct me to this info?
Thanks.
LL
I think the original discussion was about honesty. It seems fully apparent that issue has been laid to rest with dozens of examples. Now you want to talk about whether they are guilty.
Honesty and legal guilt are two different standards. They have clearly been dishonest. In my opinion they have pushed past the boundaries of propriety in their public statements, emails, and verbal commentary to shareholders both in private and at SHMs.
If you want to believe in their lacck of legal guilt, and, in fact, if they are not legally "guilty", that does not change their misleading of shareholders and abuse of trust. I'm OK with that distinction.
LL
If you want to pay the attorney fees I know exactly what to do about it. Let me know and we can do a funds transfer at any time. My lawyer is ready to go.
LL