An Observation of the notes
posted on
Sep 03, 2011 12:04PM
I'm holding on to my shares just in case something good happens. Frankly, I don't understand why anyone would sell at these low prices unless they really need the money.
I've read the copious number of posts translating the shareholders meeting discussions. While I sense many are very excited about the Nunchi idea, I didn't see much optimism about the future except that we need to have verification of our patents from the re-examination process. If the patent review is favorable, then our future source of revenue will be generated from patent settlements and hopefully using DM since the agreement terms are in line with the financial means of edig.
Now that I have stated my continued commitment, I have serious thoughts about how the company will produce enough profit to raise the share price to the level that will generate the return on my investment that I had hoped for.
It's the "Nunchi" system or whatever you make it that stimulates my past and current distrust. Two critical points that come to mind after reading all of the notes. First, they have presented the idea about the general capabilities of even more dangerous the specifics of the application with more than a single company. The secrecy they talk about is now available to those who are potential partners. Of course they now have what they need to pursue this opportunity using their substantial work force to develop this concept without partnering with edig, if they so desire.
Second, if this concept is so remarkable and has been presented to potential partners, then why hasn't any of those stepped up and signed a contract. The economy has nothing to do with the decision making of those corporations if you consider the opportunity as expressed by edig. If it is to be an all involved and ubiquitous concept, then wouldn't you want to be the fist in line to formulate a partnership with the developer.
Edig has mentioned that contacts have been made; beginning months ago, yet not one has looked at this as being earth shaken.
I'm troubled in that we have been down this road before only to be disappointed in the end. Isn't it possible that the Nunchi idea is a brainchild of the edig group based on what they think the market needs as opposed to what the market has asked for in terms of future new concepts? I'm concerned about the secrecy aspect and how long it may take to develop the concept where it is marketable. Who will sell this idea and how will the revenue be generated? Too many phantom elements exist for me to believe that the concept is ready, tell us what you want and we can deliver, this process could go on for months before any actual partnership is announced.
It also may be that our management, which is thin, lacks the expertise to carry through with a concept as has been characterized by edig and presented at the September shareholders meeting.