Congratulations on doubling your money. You got in at just the right time, and then you got out at just the right time. Not easy to time it like that with any stock. Again, congrats.

They never "owned flash" , not even close. In fact the closest they ever came was to create a Voice recorder using flash, more than a year later from a Sharp voice recorder that did the same thing, in fact almost identical. The only reason they got a patent for that voice recorder was because they claimed it used no RAM, when in fact it did. So they have a patent for a phantom device.

They were one of many many companies that built MP3 players using flash, years after the first flash MP3 player was developed.

They bought a voice recognition chip from Bell Labs, and renamed it Voice-Nav, and claimed it as their own.

What they did invent was a clever scheme to liberate money from unsuspecting investors, now that is what they should have got a patent on.

Remember when Fujistu-10 was "in production", and was shipping to customers?

Very well stated Dischino.

The bottom line is that the BOD and specifically the compensation committee determined what the CEO salary should be, along with the accountant.

The BOD must also like how the CEO is performing or they would have replaced him.

Shareholders have continually re-elected the BOD, so apparently they feel they are doing a good job also.

Thats the way a corporate structure works.

Cool that the trademark came through. Im sure Nunchi will soon emerge in common language, like :

"I Nunchied you , and you have been spending too much time at the watercooler, now get back to work at your desk"

or

"I gotta get home before my wife Nunchies me and catches me drinking a pint at the pub"

I have always wondered if Fred really knew that they did not qualify for the NASDAQ. I sort of give him the benefit of the doubt. He seems like a nice guy, but he doesnt appear to be all that bright if you have listened to him speak. My guess is that at the time he just went along with Robert and Elwood when the PR was issued.

The term "Penny Stock" has more to do with the fact that the stock is traded on the OTCBB, The disclosure requirements are basically nothing more than is required by the SEC, which is almost none. To get on a "real" exchange, the company would have to make significant financial disclosures, and would have to qualify under the rules, such as NASDAQ, which of course we know they do not. I think Coyote is referring to the risks of trading OTCBB stocks, as high risk, high reward, or total loss.

I think you could consider Fred fairly successful. With his salary he is in the top 5% for income in the U.S. , and if you take into account no college education, he is probably in the top 1% of that category. I would say that isnt too bad.

Fred put a a well worded PR. Nice job. He has to balance keeping enough interest in the stock to maintain a high enough share price, that when the money starts to run out after a couple more years of salary burn, they can come up with some creative financing. Hopefully it will be enough to get to retirement so he doesnt have to shlep over to another one of Woodys companies.

Maybe Fred is just coasting until retirement, and doesn't want all of the hassles associated with large sales, production headaches, and the long hours all of that would entail. Just sayin'. Its much easier to monitor patent litigation, prepare for shareholders meetings every couple years, and hire a consultant to file a few patents now and then.

I didnt see where they have made any changes in the claims? What I could tell is that they are asking the examiner to interpret the claim "coupled to a power supply" as describing a unique powering of the flash device using a MOSFET controlled by the processor. This sort of thing was not seen in the prior art and could be unique.

But I agree, if the patent is re-certified, there is too much Markman history and prior art to have any value anymore. Its a shame. Good whilst it lasted tho.

It is likely that the notice of Final Rejection will come much sooner than 75 days. I say that because the summary of the last interview included the examiner repeating his original rejection based on the prior art from the Sharp device. The prior art is just too overwhelming. The attempt to define uniqueness based on power coupling of the flash was all they had, and that was pretty weak. The '774 patent is so damaged at this point , from the court ruling, prior art, and patent prosecution, it no longer has any value for infringement anyway. Time for the company to move on.

The Nunchi "platform" is a combination of a server side software application collecting and processing data from mobile software applications running on the Android OS Motorola handset on the Verizon Network as demonstrated at the Shareholders meeting.

The traditional use of Vaporware refers to companies announcing software that is still in the alpha stage and unavailable to end users, that never ends up as a marketable product.

E.Digital is a small fish in a huge ocean of social networking apps. Its gonna be a tough sell. Very small chance of succeeding in this.

The USPTO wants a more detailed description. The one E-Digital submitted was too broad. They have 6 months to respond back to the USPTO.

The statement:

(A fuller description, if necessary, and a copy of the amendments which the examiner agreed would render the claims patentable, if available, must be attached. Also, where no copy of the amendments that would render the claims patentable is available, a summary thereof must be attached.)

is not specific to this patent. It is on the form for re-exam interviews. If you showed the examiner amendments during the interview, and he agreed that it would make the claims patentable, you are suppose to attach these amendments to this document. Otherwise, you are suppose to give a summary of the interview.

Yikes, you guys are really out to lunch on this one.

Uh-Oh, That ones gonna leave a mark. Did E-Digital go for some discount legal representation?

They will need to have the shareholders meeting sooner to get some more shares authorized to pay for this.

The limited rise after that PR and subsequent return to ~12-13 could be related to the large number of shares that Polis needs to unload after all of his conversions. His strategy maybe to sell into these PR releases. Some more EVU customers and some trade show PRs should help.

Congrats to EDIG longs....

This is what everyone has been waiting for. I actually didn't think E-Digital patents had any value, but looks like I might have been wrong. Will be interesting to see if any of these companies attempt a settlement.

Quarterly revenues down from last year, quarterly loss increased from last year. Not good news. No Shareholders meeting with a financial report like this is smart.

Doni is so far off the mark on his technical posts that it would be laughable if it wasnt so sad. He is a "poser", and his impersonation as an engineer is offensive to any engineering professional. His implication that edigital patents have anything to do with the SDIO standard is flatout wrong. His discussions about using flash as primary memory is completely wrong. In several posts he implies that edigital software is responsible for longer battery life. I cant figure out if he is knowingly misleading investors into buying more stock, or has some other motive. Investors relying on this information are in for big disappointments. The one saving grace is that the downside of this stock is only about 13 cents.

Next round of financing is likely to be announced soon. I think they are going to need to arrange another series of convertibles before the quarter has ended. This will take about 50 million shares to net 3-4 million, after the normal discount and finders fees. Should be interesting.

Shareholders are really going to be disappointed when they find out that E-Digital technology has been replaced with Linux OS in the latest IFE product. The most they can hope for is that E-Digital is providing some manufacturing support. The company should come clean and let the Agora crowd down easy.

I think we will see a proxy for 100,000,000 new shares. Anyone want to make a guess?

Fred, I would be happy to give my opinion, however Edigital has provided no technical description or specification for the product.

Cassandra, as an electronics engineer myself, I find doni's techno-babble amusing, but it has absolutely no technical value at all. If I remember correctly he works in Real Estate.

Ory,

Even though I have never owned, or would ever own a BB stock, it is an interesting learning experience for me to watch events unfold in this drama. I am fascinated to watch the psychology and the players in here. Although it is painful to watch good people lose hard earned money, I have learned a lot through the years of reading these message boards about EDIG. I think you will find there are many who frequent here but are not invested. I browse through while waiting for my code to compile. Its either this or reading Dilbert cartoons.

Sorry to see things havnt worked out well for you with this investment, but hopefully it has been a learning experience.

I wish I was one of the financiers. Easy money. LawyerLong says he can sign up new ones. Of course he takes his 7% finders fee Im sure.

Isnt E-Digital working with DivX? So if RP says "we" have submitted a patent app, he may be referring to DivX.

The listed inventor Eric Grab works for DivX , or at least did at the time of the patent application.

Oops. If a stock goes up 177% on Wed and down 99% on Thurs, is it still up 78%?

Those are some magic numbers.

E-Digital is unlikely allowed to announce who the brander of the new player is, just like the Gateway situation. This is most likely the best PR they can provide at this time.

Cassandra, shareholders of E-Digital are much less interested in the details of financial transactions, including SEC filings than they are PRs reporting new business and new partners. Even if E-Ditial reported the details of the paper filings, and how the loans are being resolved, very few would pay any attention to it. Given enough analysis of the first calendar quarter financial results due in June you can probably figure out how many shares were sold and to who, and how the loan is being resolved.

ucansee,

True the Digeplayer could be modified to provide both video and audio outputs to allow display on a large screen, however this would allow pirating of the content, and with DIVX encoding the resolution on a large screen would be poor.

Cassandra,

I think you missed the point of having encrypted content. If there are video and audio outputs on the device, it is a simple process to create a DVD from those outputs on a PC. This would negate any encryption advantage. So the movie must be viewed on the portable device.

I do agree that it is absurd to even consider the use of the Digeplayer for award screeners. The acadamy members I know all have very expensive media rooms with projection systems, and would never use some handheld device to watch a movie.

Cassandra...

I believe most of the current investors and future investors are not actually interested in the possible upcoming S-3 filing. In fact, when financial details of E-Digital, like SEC filings, and quarterly financial reports are released, they do not seem to have a significant effect on the share price.

Current shareholders and interested investors are much more interested in public news releases from the company that states a new relationship with a well known entity in the consumer electronics business. The simple naming of a big player in a news release has a much more significant effect than the financial details of the relationship.

The officers of the company will spend a significant amount of time discussing possible relationships, possible contracts, and future projects as opposed to discussing the details of an S-3 filing. They understand that is what the listeners to the web cast are interested in. The S-3 filing information is most likely going to be a side note to the web cast.

I would also not expect specific details of revenue projections for either the current or next quarter. We may be given enough information to infer increasing or decreasing revenue from the prior quarter, but unlikely anything else.

The E-Digital management understands the interests of the shareholder base, namely future business prospects, and this will be the main focus of the webcast.

IMO.

Cassandra I believe you are incorrect. If you read the agreement closely, they do not need to wait for the S-3.

The 19.5 million shares is the guess on how many shares are going to be registered in the possible S-3. The amount of shares that are being shorted are more likely to be in the 5 - 9 million range. This of course is only a guess. It is very unlikely that more than 10 million shares would be shorted by the convertible investors. IMO.

The investors that purchased shares on the open market at the same time that the short sellers were selling. The provisions of the convertible share agreement allowed this. It is the unfortunate side of issuing convertible shares.

The shares that are shorted by the financers of the convertible shares get covered when the conversion to normal shares takes place. They will not be buying them on the open market.

S-3 is simply the means to register more shares that can be used to increase capital. This is required by previous financing arrangements to private investors.

The pro is that E-Digital will be able to use the funds to pay off loans, and settle previous convertible issues, and if necessary fund continuing operations.

The con is that any subsequent sales of the shares that are registered will dilute the current shares outstanding.