neverending,as you know,your statements are 100% false......
#1. Collectively,Jerry Polis and The Polis Family Trust have NEVER owned 25% of EDIG's outstanding shares. The family has maintained a 5% share in the company for almost a full decade. The miniscule amount of selling that was done in the past year was required by law as the shares were owned by a corporation Jerry Polis owned and later sold and the sale of the corporation excluded the EDIG shares assigned to that company.Other than this relatively miniscule amount, there has been absolutely no selling of EDIG shares by Jerry Polis,The Polis Family Trust, or any other Polis entity. Give your comment a rest. The family still has their 15 million+/- shares. Your staement is 100% false, and you know it.
#2 Robert Putnam, the long term yet "part time" EDIG Investor Relations officer of the company has over the same period also been the "part time" Investor Relations Officer at LRAD. Through EDIG's own publicly filed SEC documents, this shared function has always been disclosed as an issue that may necessitate that Mr. Putnam resign from being an Investor Relations Officer at one of these 2 companies. Newly created SEC scrutiny finally necessitated this move. Moreover, since it is also dictated by SEC guidelines that any officer of any publicly traded company must report all sales of that stock within a 90 day period from his departure from the company, it should be noted that no such SEC filing ever occured and Robert Putnam still has his 4 million +/- shares. Your statement is 100% false and you know it.
#3 There is no question that the volume has been unintersting to say the least. I believe the average over the last 10 day period has been 150,000+/- shares daily. The company's fate is in the hands of a federal judge who for the last 70 days has been deliberating on other cases (and certainly this one as well where we are the plaintiff). No one...no market maker, no company insider, no one involved on either side of the legal team has any 100% certainty as to which we this case will go. there are only 2 construction claims, and if EDIG prevails on at least one of those claims, then the volume will change rapidly. Until then, you have nobody selling, and nobody buying.
The following is a post I contributed today on the agoracom board. In full disclosure, I am obviously a long time EDIG shareholder but choose to express my feelings independently of many lock-step longs.
This would be and is my final post on agoracom or any other boarduntil the Markman Hearing ruling on the hearing that occurred on 1/28/2011.
Please feel free to read it if you'd like, but in the meantime, what purpose are you serving by spreading total lies about the company?
I would suspect that the many shareholders on the agoracom board are aware of management's shortcomings over the past decade.
In hindsight, initiating intellectual property litigation on patent '774 in 1996 rather than in 2006 would have likely been the most expeditious and profitable alternative.
It is known by only a handful of e.Digital investors that prior to 1996, had the company proactively discovered an easily repairable technical glitch with their (1993/1994) 10,000+ unit rollout of their first "portable handheld digital device using removeable flash memory"('774), it would have been a paradigm shift for both the industry and e.Digital shareholders.
For whatever reason, and in spite of sufficient funding to later litigate the construction claims of '774, management elected to sit it out while other companies profited from e.Digital's patent. It was only when it was too late, under the stewardship of Jim Collier, that the company pursued a fool's mission of again attempting to manufacture and market their own portable handheld digital device.
Later, and again instead of initiating patent litigation on '774, management chose to devise a new business model executed on the notion that another patent (MicroOS) would be the most expeditious conduit with which to profit from their intellectual property. The pollyanna notion of "our enemies becoming our partners" was to become more meaningful as future devices became more robust.
It was not until 2006, that e.Digital management came in contact with James Sze, an attorney who joined Duane Morris in 2005, and who had coincidentally been a Qualcomm Engineer from 1992-1997 while simultaneously attaining his MS in Electrical/Computer Engineering in 1994 and his JD/Law Degree in 1999.
Not unlike the young baggage handler from Alaskan Airways who introduced management to the concept of an IFE device, it was young James Sze who reintroduced management to the concept of the superior significance of patent '774.
Relatively speaking, the vindication of e.Digital's life-changing future will happen only moments from now. From the remarkable due diligence from a number of hard working shareholders on the agoracom discussion board, the forum has been blessed with an extraordinary amount of information on patent '774 and the subsequent details of the Markman Hearing filings.
The rational and likely conclusions of this due diligence indicate a strong likelihood that the company will finally prevail in either construction claim #1 or #2 or both (not to mention the remaining claims) of patent '774. What could have happened a decade ago is on the cusp of happening right now, and I believe that we will prevail at the Markman Hearing ruling and the trial itself will never transpire. I envision multiple 8 figure settlements and an immediate filing of "Round 3" to include "the real players".
Although it is sometimes understandable to dwell on the shortcomings that transpired over the past 16 years, all we can do is wait for this little company from Poway to finally be vindicated in the eyes of a federal judge. Thankfully, it is the 2 construction claims of patent '774 that are on trial, not company management.
While absolutely not suggesting that Dr. Pat Nunnaly's involvement in the newly formed E.Digital Innovations Group should be mitigated in any way, it is my own sincere wish that upon imminent victory in the Markman Hearing ruling, the EDIG Board of Directors should seek to further maximize shareholder value by commisioning a world class CEO recruitng firm to conduct an informed comprehensive search for new leadership.
Although a true dedicated long on this stock and a substantial shareholder in this company, this will be my final post until the Markman Hearing ruling. I am confident that we'll all be celebrating soon, but for now my own posting contributions will be on hold indefinitely.
Over and out....
John/jtdiii
AI
