Re: VR (virtual reality) Industry Expo May 18-19 ~ Iam-LGJ
in response to
by
posted on
May 19, 2015 11:09AM
"For smaller companies a business plan is required for financing"--this is one of those good news bad news things IMO. Good news, Edig has zero debt and a bit of cash in the bank with money dribbling in=no need to seek financing. No need to seek financing=can get away with less specific planning and thought regarding an execution plan to get something sold. They would have to convince lenders that their plan is viable to get the money. Clearly, the stock holders have not received anything close to the amount of information that potential lenders would require. Edig is not trying to "sell" the flash portfolio, that is strictly through the legal system based on the age of the patents and the past infringment Edig is attempting to collect on. There are 3 suits against companies that Edig believes has infringed on the Nunchi patents. However, there are many companies that Edig should be talking to in an attempt to make some sort of a deal on Nunchi. No suits so far for Micro Signet(that have been announced anyway) and sales calls/contacts should be numerous in that case as well. I plan to make a list of questions and to attend the stock holders meeting when it is held. No date set yet, but the last one was in Aug. 2013 and a meeting is a requirement every 2 years.