e.Digital Corporation (fka EDIG)

[Neverending]

I think many were SO DEEPLY.underwater with EDIG stock purchased in the dollar range that they could not accept the company had failed and they should simply sell and take the loss. EDIG then offered them "carrots" of implied potential and they reasoned "why sell I am already down so much its not worth it". Then some even decided to average down with dozens of buys for more than a decade to bring their average down. The failure of every "carrot" of implied potential did not bother them as a new carrot was trotted out usually slightly before the last one failed to live up to expected potential. NUNCHI was the last major carrot to take over for the failed 774 markman hearing and it contained several sub carrots.

What should have bothered them was EDIG had a "going concern" statement in their financials and only had $362k or so in the golden coffers as of Dec. 31 2016 with a 100k or so a month burn rate! Of course EDIG enticed them to stay in the stock to the end will a PR in April saying they had signed multiple settlements and expected more which sounded bullish (BS) and one in May saying they just got their new NUNCHI patent, OH GOODY!!, only to dismiss all their remaining cases in June and file for chapter 7 in July.
They suckered shareholders with implied potential until the end and some even bought more shares. Sad. In my opinion.