Replies to post #78533 on e.Digital Corporation (fka EDIG)

[Neverending]

Fortunately I think they are running out of suckers...present company included. EDIGs not a total scam but its definitely a serial exaggeration. I now really believe that after 1996 when they tried to use their patents in court and realized the holes in them they have been playing a game (even though the actual details remain hidden). In my opinion EDIG never got those "billion dollar" OEM in the late 1990s and early 2000s for portable flash player development because by then those companies figured out EDIGs IP was not very broad. Too bad we did not figure it out. Never have so many paid for so much for a stock that has delivered so little. When you look on the history of the company you realize the "product" was the share holders.

[Cassandra]

These are clearly people who have no conscience, Woody included.

I agree and have zero respect for Woody or any of the FOWs (friends of Woody) who have become wealthy as officers or financiers of his various public companies that heavily hyped the significance of "inventions" only to sell stock to people who believed the false hype.

After 15 years of hype about the patents, it's now known that Woody made a material modification to the '774 patent that made it a patent on a device that wouldn't function if built per the patent (without RAM). It seems he didn't care that it was a nonsense patent as long as he could issue hype about it to stimulate buying of the stock. Woody's inventions themselves were never important, only whether they could be used to persuade people to buy stock in his companies.

Fred Falk has a cushy well-paid position in which he has never achieved anything nor has he ever been required by the BOD to achieve anything. Falk's prospects in the competitive employment marketplace outside of Woody's world would be dismal, so he's not going anywhere unless fired.

Unfortunately none of the directors seem motivated to do anything but maintain the status quo despite the fiduciary duty they owe to shareholders. Unless shareholders band together and take serious action to replace Falk and get some new blood on the BOD, the share price will likely just linger, slowly trending down on extremely low volume keeping it very illiquid.