e.Digital Corporation (fka EDIG)

[Neverending]

The.big.surprise is.supposed to happen.at.the bankruptcy.hearing on Thurs/Friday. The hope for shareholders is that the patent assets will somehow be recognized as having great value and they will reap the benefit. Unfortunately people mistakenly believe the hyped implied potential and importance of the patents as foundational and covering any use of a sensor over the internet to inform decisions that EDIG fed them. It never occurs to people that EDIG might have been over stating the patents value. Of course EDIG only used vague words that optimism is easily read into so they are covered legally. Since any partners or working prototypes failed to materialize when Nunally said they would in the fall of 2011 and only tiny nuisance value settlements came in for years I began to assume that that was the purpose and value of the patents. The fact is that even the nuisance value of the patents wore off.

Something is only worth what somebody is willing to pay for it. It is possible there could be an auction of the patents in bankruptcy and another patent troll company with more money to fund law suits could buy them up to sue companies. Since all the outstanding shares of EDIG are worth only about $300,000 maybe the patents would not have to raise much for shareholders to benefit. It is hard to say what the patents are worth since there seemed to be no interest in the tech community for them for years. It would be a big surprise if this raises much money in the case of NUNCHI since the PTAB IPR settlement with Google before a decision is said to demonstrate weakness of the pattens. Since it costs about $1 million to take an IPR from beginning to end I wondered why EDIG only settled for like $100k as far as can be told. To me it made the patent seem worth even less. The Synap and Microsignet patents seem worth even less as EDIG never filed any lawsuits using them. All above in my opinion!