"The argument you suggest is based on receiving the entire net income, 173 million, in a single year to attain the earnings at $.58 per share."

No, it is not.

The argument was with respect to the warchest EDIG will have accumulated after it concludes its IP litigation from all infringers, which management has indicated is about a 3 year process.

Again, I was speaking to the break-up, cash value of a company based on its cash reserves. EDIG is debt free and operates on a very small scale, so given they do nothing but build their warchest, there is a cash value to our shares when all is said and done, and that value is substantially higher than the current pps.

One example I cited was based on both the current average settlement of 7 infringers and the second example was a projection of a higher, but not outrageous scenario...and certainly not the top range of $10 million/settlement as noted in the article I posted earlier today regarding IP settlements ranging from $2-$10 million on average.

So the only hype is your paranoid knee jerk reaction to my post.

So my PPS range for breakup value, conservatively speaking, based solely on the litigation model and assuming EDIG sits tight with their funds, ranged from $.58 to $1.36. HARDLY HYPE.

I believe you have estimated EDIG would trade above $2 and possibly higher....something I agree with should they get a secondary business pumping on all cylinders or get big tier 2 settlements.

The purpose of the post was to indicate to those depressed by the current pps the baseline value for EDIG given the two examples for cash reserves and the current IP model in motion.