Blakeley and shareholder value
posted on
Jan 23, 2008 06:15AM
Will Blakeley, EDIG's President and CTO, has shown himself to be a focused manager with the vision to maximize shareholder value, first by developing and growing its core business. Our time will come when the vision is realized.
The eVU's success in a relatively short period of time has been on his watch. The move to develop an eVU based embedded system will also be on his watch. His low keyed approach while getting the job done has done a lot to quell shareholder concerns regarding management's efforts, motives and abilities.
His real vision is his recognition that the Flash patent portfolio was ready to be monetized. Since coming to EDIG he has wasted no time in evaluating the patent portfolio, acquiring expert technical analysis and then moving forward by securing specialty legal counsel on a contingency basis via Duane Morris LLP.
We are looking at having possibly EDIG's best year without the patent portfolio coming into play.
We all know the next step is naming more infringers. We also are looking at Blakeley "coming out party" at a long overdue shareholders meeting.
There should much information coming from EDIG over the course of the next few months.
The lingering pps will likely continue until we either see the eVU business turn profitable or we see action by Duane Morris LLP that is encouraging.
I see little selling pressure down here and certainly little buying as most are fully invested or waiting for more concrete news before adding new funds.
The bottom line is that Blakeley and company are going to have to generate interest in their vision for growth. Coupled with their hands on approach to growing the core business and working with DM, they need to "market" themselves for the opportunity they are creating.
So we wait until DM gives them the green light.
Happy trails to you while the market gets pounded. I hope some have found some new opportunity or are looking for it while the market gets spooked.