"I can't see investors looking at your scenario of buying cash for less than the face value until we win enough settlements to almost equal the face value."

My point exactly.

As it has been pointed out, (and I was attempting to show in its simplistic form) it would not take a large amount of settlements - based on the number of identified companies- to leave EDIG cash equivalent to its current share price.

One "settlement" such as that that occured with TMTA today could very likely start the domino effect... something many of us, I'm sure, are expecting. And once it starts, today's price is like buying cash at a discount.

I was trying to point out that even with very CONSERVATIVE settlement numbers, and then subtracting out the debts (which I include the contingency fees as well)  it's not going to take much cash remaining to justify today's stock price going up.

All of this assumes that the patents are worth more than the paper than they are on.

And if you are not truly invested in EDIG unless you agree that there is value in the patents (why do you think DM is here too?... I wouldn't imagine many would be here otherwise... while the IFE market is going to be good for EDIG, it isn't likely to give us the BIG payout all of us are waiting for, is it?) then even based on eliminating a lot of potential infringers, and allowing one possible company to get away with using EDIG's tech for 0.1% +/-  of its market cap, EDIG should be considered a cash stock... in that you are buying cash at a discount at today's price, assuming again, as I have stated the above.