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I am pretty sure f had options. And I think he would have to file with the SEC for transactions?
define management.
When I got the email from FF back in May 17. It read like he was 'busting' a move. He couldn't disclose details. All along the F'er was starting a different company. I still don't understand why he answered my email?
From: Fred Falk [mailto:ffalk@edigital.com]
Sent: Tuesday, May 02, 2017 5:00 PM
Hello ramyac,
Thank you for the link below.
As we’ve stated in some of our press releases, we are making progress on the smart water device. We are also focusing on cyber security opportunities with regard to our SYNAP technology. The selective disclosure rules prevent me from saying anything other than what has been said in press releases. I don’t want to get you or myself into trouble.
Thanks,
Fred
Any idea of when the Pluto
Prototype will be completed?
1. to test and validate an idea or hypotheses. This follows the fail fast design philosophy where
it is best to identify the good and bad ideas early. Building a prototype in a matter of days
is acceptable even if it is too big, expensive, consumes too much power and is a bit slow, if it
provides a mechanism to prove or disprove the feasibility of an idea.
2. to validate hardware design. Before commissioning a large production run or fully optimising a
design, a prototype can be used to validate the electronic design and sensor capabilities within a
desired operating environment
5 years later and still there isn't any word on any of the prototypes that EDIG said they were working on. And Google is going to buy what?
Any proof?
How do you know?
If and when
EDIG does get a new BOD and CEO. Hopefully transparency will high on their list. I agree. EDIG has said bunches and has done nothing.
There is no credibility associated with EDIG. The only thing that will change that is performance over time.
How this will will move forward is anyone's guess. But as long it moves 'forward' at least their is a chance. F tried to kill it. And the courts said No. This is only positive thing that has happen in EDIG lore in 17.
Just holding on, and I do support those who are making a difference. This is one stock that the shareholders are making the news. Did you get the attorney email?
That is all EDIG has been about for last 15 years.
Lawyers.
Moving right along as planned.
by who?
I would
think that someone has stepped up and realized that they needed the equipment for development?
No comment.
but I do see EDIG getting closer to the penny milestone. Amazing this was at $24 a share.
So
you don't mean some of us. So you post for the fun?
I never really understood that type of behavior. Why spend any energy on something you don't care about?
fred
Some of us may be digging financial graves here.
I didn't realize that you were heavily invested in EDIG? Good luck.
I hope
factoring in the cost of equipment is part of the plan?
Or is equipment not part of the plan?
I agree,
I didn't realize Patrick's Background.
Top notch individuals
sunppoop, and sman. Not sure what they did; but it made a positive impact.
I would vote for them to be on the BOD. We know where they stand with the shareholder.
Thanks Yoos Guys / Gals.
he
as been here longer that 'f' being CEO.
History
zack
And the $$$$ question,
Who has the water thingy prototype? Where is it physically located?
This are real questions that need answers.
Who owns the intellectual property that was used for development?
Where is it? Is it still at EDIG HQ?
Where is all the software and firmware that was built over the years? Where are the computers? The Intranet? The Disc Drives? The chairs and tables?
It is my
understanding that EDIG the corporation owns the patents.
I think that is the only value? I believe that f took all the soda?
And as Pat says, 'the patents are worthless without him'.
So if I am correct about the patents it just makes sense that Pat would take over. If that is the case, we will find out if the patents truly have meat or bone.
Again no-one has asked Pat if he actually built prototypes. From my standpoint I believe he has. I think f just got in the way and now f be gone.
What company are you speaking of?
The companies staunchest supporters became the companies worst nightmare.
The only think I know is that isn't fred's company anymore.
Yup
I was there and now were here. 18 years later and a new start.
It will be interesting to see what happens
Peace
There is enough hate and sarcasm in the world already.
I will not argue or disagree with closed door viewpoints. Especially when it appears that an agenda is involved.
BTW fred is gone. And IMO that is best news out of all of this.
Oops, I just contradicted myself.
Wow Trapper
that was a good post.
There is enough hate and sarcasm in the world already.
Well it
appears the Judge Taylor will siding with the shareholders
The Directors seek to protect their own pocketbooks , they pay no heed to the economic burden they place on the Trustee.
Thanks to all the folks who gave their effort to make this happen.
You sure?
AFTER the PREMATURE filing of Chapter 7, when the share price bottomed out at .0005 on 7/13/17, there has been a slow, but steady uptick in the share price because there has been POSITIVE developments SINCE that time (the PAST).
RECENTLY On 9/27/17, there was NEW high of .008. It was BID .007 X ASK .008. That is a reflection of the RECENT POSITIVE developments.
The filing of Chapter 7 appears at THIS TIME to be premature and less significant as noted by the share price increase. Most likely what will happen is either shareholders will see the reorganizing and restructuring of EDIG with a Chapter 11, or possibly a takeover which will undoubtedly drive up the PPS quite significantly.
The Creditors meeting on 9/19/17 was attended by quite a few shareholders who reported positive results (thanks again guys) Still there is another important trial on October 5th when most likely the judge will quash the filing of Chapter 7 and allow for the Trustee to assign NEW Board Members and CEO, so EDIG can get back on track. Looking good thus far!
FROM REAL SHAREHOLDERS...
REALITY:
Fred Falk mismanaged this company bigtime and what he has done was to file for Chapter 7 (which the judge will surely dismiss) prematurely in an attempt to get out of it. He has failed the shareholders horribly. They STILL have patents, and they had very LITTLE debt. They STILL have ongoing lawsuits against infringements that are "beneficial" to eDigital Company that are on hold. Dr. Nunally has stated that he has a proven tech turnaround team committed to stepping in. Also, there are other things being worked on that are POSITIVE and not discussed on message boards. All the negativity that you bring up is not going to stop the dismissal of a liquidation Chapter 7, changed to a reorganizing and restructuring Chapter 11. But thanks for your opinion anyway.
A bankruptcy judge may decide any matter connected with a bankruptcy case, such as eligibility to file or whether a debtor should receive a discharge; however, much of the bankruptcy process is administrative. In cases under chapter 7 or 13, this administrative process is carried out by a case trustee appointed by the United States Trustee, to oversee the case.
The trustee if he sees fit (and he does) will then appoint a new CEO and NEW Board Members to restructure and reorganize a NEW eDigital company (or possibly a take over)
OCTOBER 5TH COMING SOON!
>>>Need to read this...
EDIGITAL CORPORATION IS A GOOD RISK/REWARD PLAY...
https://insiderfinancial.com/e-digital-corporation-otcmktsedig-is-a-good-riskreward-play/143092/
any
recourse if the chapter 7 goes through? Maybe one of whales sitting on the bid would know?
Read this
Just in case you missed it.
Fred Falk mismanaged this company bigtime and what he has done was to file for Chapter 7 (which the judge will surely dismiss) prematurely in an attempt to get out of it. He has failed the shareholders horribly. They STILL have patents, and they had very LITTLE debt. They STILL have ongoing lawsuits against infringements that are "beneficial" to eDigital Company that are on hold. Dr. Nunally has stated that he has a proven tech turnaround team committed to stepping in. Also, there are other things being worked on that are POSITIVE and not discussed on message boards. All the negativity that you bring up is not going to stop the dismissal of a liquidation Chapter 7, changed to a reorganizing and restructuring Chapter 11. But thanks for your opinion anyway.
A bankruptcy judge may decide any matter connected with a bankruptcy case, such as eligibility to file or whether a debtor should receive a discharge; however, much of the bankruptcy process is administrative. In cases under chapter 7 or 13, this administrative process is carried out by a case trustee appointed by the United States Trustee, to oversee the case.
The trustee if he sees fit (and he does) will then appoint a new CEO and NEW Board Members to restructure and reorganize a NEW eDigital company (or possibly a take over)
OCTOBER 5TH COMING SOON!
LATEST DD FROM ACTUAL EDIG SHAREHOLDERS...
>>> Creditors meeting on 9/19/2017 went well and turned out to be ANOTHER positive sign in getting EDIG back on track!!!
THANKS AGAIN TO ALL WHO ATTENDED THE MEETING!
NEXT IMPORTANT DATE IS OCTOBER 5TH. THIS IS FOR THE JUDGE TO DETERMINE IF THE FILING OF CHAPTER 7 IS WARRANTED. RIGHT NOW IT LOOKS LIKE MR. FALK WAS A BIT ABRUPT IN FILING CHAPTER 7!
If The October 5th trial hearing is successful, which looks very good at this time, the PPS will soar. Bad time to sell, but only to accumulate at these low prices.
New buyers obviously believe that something positive is in the works. At these prices it is worth the risk. The long shareholders who did not sell waited this long, a little longer is not going to hurt. Obviously something positive is about to unfold. $ Still have patents $ Dr. Nunally positive tweets. Restructuring and reorganizing Chapter 11, or takeover? Either way the stock price will move up significantly. Patience all. Bad time to sell. More good news is on the horizon.
BTW...EDIG SITE BACK UP AGAIN!
Need to read this...
EDIGITAL CORPORATION IS A GOOD RISK/REWARD PLAY...
https://insiderfinancial.com/e-digital-corporation-otcmktsedig-is-a-good-riskreward-play/143092/
I can do this too
LATEST DD FROM ACTUAL EDIG SHAREHOLDERS...
>>> Creditors meeting on 9/19/2017 went well and turned out to be ANOTHER positive sign in getting EDIG back on track!!!
THANKS AGAIN TO ALL WHO ATTENDED THE MEETING!
If The October 5th trial hearing is successful, which looks very good at this time, the PPS will at least quadruple to over a penny that day. Bad time to sell, but only to accumulate at these low prices.
NEXT IMPORTANT DATE IS OCTOBER 5TH. THIS IS FOR THE JUDGE TO DETERMINE IF THE FILING OF CHAPTER 7 IS WARRANTED. RIGHT NOW IT LOOKS LIKE MR. FALK WAS A BIT ABRUPT IN FILING CHAPTER 7!
Fred Falk mismanaged this company bigtime and what he has done was to file for Chapter 7 (which the judge will surely dismiss) prematurely in an attempt to get out of it. He has failed the shareholders horribly. They STILL have patents, and they had very LITTLE debt. They STILL have ongoing lawsuits against infringements that are "beneficial" to eDigital Company that are on hold. Dr. Nunally has stated that he has a proven tech turnaround team committed to stepping in. Also, there are other things being worked on that are POSITIVE and not discussed on message boards. All the negativity that you bring up is not going to stop the dismissal of a liquidation Chapter 7, changed to a reorganizing and restructuring Chapter 11. But thanks for your opinion anyway.
A bankruptcy judge may decide any matter connected with a bankruptcy case, such as eligibility to file or whether a debtor should receive a discharge; however, much of the bankruptcy process is administrative. In cases under chapter 7 or 13, this administrative process is carried out by a case trustee appointed by the United States Trustee, to oversee the case.
New buyers obviously believe that something positive is in the works. At these prices it is worth the risk. The long shareholders who did not sell waited this long, a little longer is not going to hurt. Obviously something positive is about to unfold. $ Still have patents $ Dr. Nunally positive tweets. Restructuring and reorganizing Chapter 11, or takeover? Either way the stock price will move up significantly. Patience all. Bad time to sell. More good news is on the horizon.
BTW...EDIG SITE BACK UP AGAIN!
Need to read this...
EDIGITAL CORPORATION IS A GOOD RISK/REWARD PLAY...
https://insiderfinancial.com/e-digital-corporation-otcmktsedig-is-a-good-riskreward-play/143092/
and if then
And when the stock stops trading and the BK is complete, they will still be hoping
what are you going to do?
But
who is going to sues Fred? Guido is the only celebrity type we have. LOL.
From reading, it could be that Illia is going to sell the technology stolen from EDIG. Funny for last seven years EDIG has been suing companies for infringement.
I guess F learned to just steal EDIG's technology and sell it? He didn't have to do much DD on the patents.
But then Nunally says the patents are useless without him. ( I can believe that, if someone was going to build something )
In all of this who owns the Water Thingy?
F is certainly guilty of blowing off the EDIG shareholders; thus failing in his fiduciary duties.
On top of that he failed to disclose that he was starting another venture while still employed with EDIG.
If anyone knows about the prototype history.
It would be the engineer who would be building them. I guess no-body cares if they is an actual anything.
That should be the first question. WHAT UP WIT DA PROTOTYPES?
If there are NO PROTOTYPES NOTHING has been done.
I believe I read a post where someone saw one.
For anyone
who has spoken with Nunally. The should ask him if the Nunchi and Signet, Pluto prototypes were built or to be built.
In other words were the Prototype building budgeted in to EDIG business plan ( what ever that was )
When the "Get the Word" was part of EDIG's business plan, that should have been a clue and Fred was clueless. And that should have been my clue to get OUT of this POS.
life is a learning experience.
I don't know how such an event can be legal?
How you you start a public company when still having responsibility
to the shareholders of another company. And go bankrupt. You would think Fred at least had the responsibility to tell the current shareholder about his new venture. Basically he has nothing for EDIG.
I believe the 2 new Board members where brought in to make this happen? And those guys have done nothing for EDIG.
The whole scenario is obscene. IMHO
What Seven is it?
Chapter 7 or $7 a share? I think we all would be happy with $.70 a share. But first we got over the .0099 mark.
Yup
it has been a long ( actually short 18 years ) strange trip. I am not sure if the Bull still has a forum?
My only
point is that EDIG had no income, and it still applied for a NASDAQ listing back in 2000. You look at this board and see how giddy it is getting. Reminds me of 1999. LOL
EDIG never had any value.
So why change it now. This thing ran up to $24.00 based on one prototype. Just think the 20 anniversary is coming up.
Name change, get a couple of prototypes going. Maybe f declared bankruptcy so that he can buy on the open market?