Re: $8.5 MILLION COMMON STOCK PURCHASE AGREEMENT - DaBoss
in response to
by
posted on
Jan 09, 2007 07:35AM
The first highlight is easy to say as their intent pre-trail with digEcor.
Again, eVU production - they already had a financier for production. eVU promotion would make sense though.
Patent portfolio - if they are truly trying to engage a law firm on a pure contingency basis, what are the costs to EDIG? Research? I would suspect that the research information desired of EDIG would have been already put together for the most part. The prospective law firms, I would think, would do further research fairly independently to ascertain an unbiased view of patent viability/actual infringement before sticking their necks out.
As for your response re: selling shares on the open market, I agree that if done in one day or even a week, the PPS would take a major hit (perhaps even below 12 cents). But note I suggested "tactfully", like over a couple of months (e.g. 3M shares sold over 30 trading days would only be 100K shares per day - easily absorbed with no likely impact considering recent PPS performance).
Again, JMHO and I KNOW nuttin'! (and will now STFU and let the chips fall).
SGE