At the current share price, e.Digital's market cap of nearly $11 million is vastly more than its intrinsic value. It is certainly not a candidate for a buyout, even by a larger patent troll company.
It was my understanding that Fred Falk goes on daily mountain bike rides during work hours. A previous EDIG employee (Wayne) reported years ago that he was taking lessons to become a private pilot during work hours.
Truly, what does Fred actually do all day? My suspicion is that much of his time over the years has been spent reading Internet message boards.
It's hard to believe that someone who has personally accomplished so little is still employed by the company at all. A competent CEO would have fired him years ago. Unfortunately he IS the CEO and has a BOD that does not care about its fiduciary duty to the common shareholders and actually gives him raises and bonuses.
In fact, the EDIG board chairman, Allen Cocumelli, was paid a monthly retainer for over a year to manage the outside attorneys -- a clear conflict of interest that was never declared.
Replacing Fred Falk would be the most positive move the company could take.
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