EDIG has survived, in large part to
posted on
May 18, 2009 01:38PM
the financial backing of the Polis Family Trust.
This past year or so, the Trust increased their holdings to almost 10% of the outstanding share count (around 25 million shares) and have filed the appropriate SEC documents verifying as much.
This past year they also had a family member step up and take a position on the board of directors. So suffice it to say they are dialed into the status of all things EDIG.
Their timing to take this stance, imo, is in large part due to EDIG's Flash Patent portfolio and the connection with Duane Morris LLP as litigators for the monetization efforts.
That effort is well underway and by all accounts looks to continue.
We could be days or weeks away from being able to re-focus, once again, on that which generates revenues for this company.
Also note that there are a lot of options by insiders set to expire in 2010 and 2011.
All are only indicators but certainly options are used to motivate management to succeed. Seems a lot of "insiders" are or could be positioned nicely.
Time for the hit parade to begin. One speed bump to go....