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Your post was about eVU's.
The twelve month figure included over 1.2 million in Digiplayers.
Do you ever keep up with or even read the filings and PR's.
friendlyfred your post:
Posted by: friendlyfred
In reply to: None
Date:9/12/2007 6:50:16 PM
Post #of 74562
The air france order is part of the 1.2 mil additional orders discussed before. I think we can look to evu for possibly 5-6 mil per fiscal year,tops. The rest will hopefully be settlements.
In the last six months they have sold almost 4 million dollars in eVU's. A suggestion, go to the current 10-K and see if you can find anything on purchase commitments and back orders at september 30.
It's not how much they grossed under Boyer or Wencor.
It's how much they will gross on their own. Did you even read the last PR.
"eVU emerged as the best in class portable IFE solution for Air France during a two-month competitive trial with other IFE products demonstrating its superior performance."
Did you read Shepard news about Wencor's two new airlines, they are a joke. e.Digital is on the verge of kicking some serious portable IFE a**.
Fred you just keep looking in your rear view mirror while some of us make a pile of dough from here.
Fred where do you come up with this stuff.
Five or six million a year, come on. No company would waste their time on such a pittance. Stated orders and shipments for the first and second Quarters are approaching four million. Please reread the last PR's, they state opening and initial orders. I know you can't stand to say anything nice about e.Digital but even you can't be dumb enough to believe that there will only be two million more in IFE sales this fiscal year. In the last few months they have bagged three major airlines that we know. How many more for the rest of the year, and how many reorders.
Careful Boys,
your making 90% of this board ill.
To all Negative Nelly's.
Come on you can find something negative with the filing against Vivitar. Here let me help. Vivitar is only a small camera company, why was their first filing not against a bigger fish?
Well at least you know what it's worth.
You may have honestly missed it, but you didn't have any problem posting your negative observation on this web site as fast as your your fingers could type.
Check the bottom of the page. May I suggest you look at things three or four times so you don't post false info.
Gall dang it, I shorted it to make big bucks when it dropped to 14 cents. You know, I'm starting to have doubts about that infallible OTC TA.
Now Med.rare don't get to giddy. Don't you do know that edig is going back to 14 cents. According to the infallible power of OTC TA this stock is overbought, going into a reversal, and there is an ever present specter of dilution.
Oh my God!
Fred made a prediction without a qualifier. Everyone sell NOW before it's to late.
She left out the last part of the paragraph.
We believe we have substantive and multiple defenses and intend to vigorously challenge the remaining matters and pursue existing and possible additional counterclaims. Due to the uncertainties inherent in any litigation, however, there can be no assurance whether we will or will not prevail in our defense against digEcor’s remaining claims. We are also unable to determine at this time the impact this complaint and matter may have on our financial position or results of operations. We do not expect this litigation to affect our eVU business. We have an accrual of $80,000 as an estimate of our obligation related to the remaining general damage claim and we intend to seek restitution from Maycom for any damages we may incur but recovery from Maycom is not assured. Maycom is not involved in the design, tooling or production of our proprietary eVU mobile product. Moreover, we do not presently plan or expect to produce or sell digEplayer models to digEcor or other customers in the future.
To me this does not make you sound to bright.
I just wanted to reaffirm that I am a long here and have been invested in this junk stock longer than I care to talk about. There are a lot of smart people here, and I am glad to be one of them. and btw I am not Cas or FF or D.inkie.
Cassandra what part of this don't you understand or chose to ingore. Just wondering if you understand the meaning of the words covenant and warrent.
• No Short Selling or Hedging by Fusion Capital — Fusion Capital and its affiliates shall covenant not to cause or engage in, in any manner whatsoever, any direct or indirect short selling or hedging of the securities of a partner company. Fusion Capital and its affiliates shall represent and warrant to the partner company that at no time in the past has Fusion Capital or any of its affiliates caused or engaged in, in any manner whatsoever, any direct or indirect short selling or hedging of the securities of a partner company.
Cassandra I guess you are trying to say that Fusion is being untruthful on their website. I will get the stockholders of e.Digital to take action against Fusion for trying to bamboozle our company.
• No Short Selling or Hedging by Fusion Capital — Fusion Capital and its affiliates shall covenant not to cause or engage in, in any manner whatsoever, any direct or indirect short selling or hedging of the securities of a partner company. Fusion Capital and its affiliates shall represent and warrant to the partner company that at no time in the past has Fusion Capital or any of its affiliates caused or engaged in, in any manner whatsoever, any direct or indirect short selling or hedging of the securities of a partner company.
Cassandra here's your update on the 12% notes. Looks like they will all be converted by the end of the year. Oh, the series EE info is a bonus.
Preferred Stock Conversion and Warrant Exercise The Company also has issued 1,815,976 shares of common stock upon the conversion of 1,250 shares of outstanding Series EE preferred stock by two holders. There are no remaining shares of Series EE preferred stock outstanding. The Company received $16,000 from one holder exercising a warrant for 200,000 shares of common stock. The shares of common stock issued by the Company upon conversion of the preferred stock and exercise of the warrant were registered for resale on registration statement #333-136096.
Subordinated Note Conversion
At September 30, 2006 the Company had $1,300,000 of convertible 12% Subordinated Promissory Notes due December 31, 2006, as amended ("Subordinated Notes") outstanding. Since September 30, 2006 the Company has issued 7,500,000 shares of common stock upon the voluntary conversion by six holders of an aggregate of $600,000 principal amount of Subordinated Notes. One director converted $50,000 of the Subordinated Notes into 625,000 shares. The balance of $700,000 is due on December 31, 2006 unless earlier converted.
wsidejack:
This was not a PR. This was an SEC filing, the 15% notes were due at December 31, 2006 and were renegotiated as to maturity and rate (7.5%). The total cost of this refinancing was an outlandish $80,000 in stock.
I'm sorry, I just don't see this as a bad thing.
Cass, here's just one that's along the same topic.
Robert Putnam has invested $136,120 by purchasing 1,613,500 shares of e.Digital stock in the past year. Before you go off on a rant about the stock being purchased below market price, just remember it is real money invested. If Putnam, being the oldest employee of the company, had doubts about the company going insolvent I can't fathom him investing that kind of money.
With Putnam owning nothing but common stock it puts him in the same boat as the rest of the stockholders if this goes belly up.
Sorry Cass your wrong.
Putnam was the only insider to purchase the 12% notes and that was done 2-15-06. Blakley puchased stock @ $.08 on 2-24-06 for $30,000 in his IRA. Best look back at your list of S-4's.
Chuck: Where did you get the idea that I think Putnam was the only noteholder to have converted his note? I never said or implied such a thing.
Oh I don't know, maybe it's just the negative slant you put on everything e.Digital.
Cassandra you stated:
"
Robert Putnam converted his $50,000 portion of the 12% subordinated convertible notes into 625,000 common shares today at the conversion price of $0.08. Because the conversion shares for the 12% notes were not included in the last S-3, they are restricted until registered in a future S-3.
Both the 15% and 12% notes are due on 12/31/06. However, the company does not have enough cash for continued operations, financing costs, legal fees, etc., let alone pay these notes when due. They need both loan renegotiation and additional cash to remain in business."
Since Robert Putnam was the only insider to hold any of these notes and the only one that has to report his conversion, what makes you think that he was the only note holder to convert. For all we know they all could have converted and the cash payoff of these notes are now a moot point.
Fred you are clueless, that is e.Digital's patent filing. Patents are not filed in company names, they are filed in the names of the inventors. All three of the inventors work for or have worked for e.Digital, also the law firm is the one used by e.Digital. Before you type your uninformed misinformation please check it out with the company.
Fred don't you know that if you can't say something nice don't say anything.
Sorry Cass... Wrong again! Booth 1015.
Why is it?
When the price and the volume go up all the little malcontents retreat into their holes.
Fred get your facts straight before you post. e.Digital never said they were contacting airlines, it was the other way around.
" said Will Blakeley, e.Digital's president and chief technical officer. "We are also responding to direct requests from individual airlines and IFE providers on eVU business opportunities."
Shhh....Don't tell Danl
Hospitality expo has nothing to do with Hospitals.
Cassndra there has been no changes to his holding in the past year or so, therefore he is not required to file, now do you understand.
The Insider's Reporting Obligations and Forms
Section 16's reporting mandate falls neatly into three categories (with three corresponding forms):
° An initial report of ownership, reported on Form 3, which must be made within 10 days of becoming an insider.
° A report of changes to an insider's ownership, reported on Form 4, which formerly had to be made within 10 days of the end of each calendar month in which such a change in ownership occurred (as we'll see, this filing deadline changed following Sarbanes-Oxley's passage).
° A supplementary annual report, reported on Form 5 for any transactions that were not reported on Form 3 or Form 4 during the year. Form 5 is due by 45 days after the end of the issuer's fiscal year.
Cassandra, since my prior post was deleted here is another bold declaration of fact. Fred Falk, Vice President of Sales, is a reportable insider and always has been.
Who Is Subject to Section 16?
Section 16 applies to 10% beneficial owners, directors, and officers of fully reporting companies. While the notion of a "10% beneficial owner" is determinable with a reasonable degree of certainty, the terms "officer" and "director" are considerably more slippery. SEC Rule 3b-2 offers some guidance, but does not resolve the matter: it provides that "officer" means a president, vice president, treasurer, secretary, comptroller, and anyone who performs equivalent duties. This uncertainty has led to a good deal of litigation to consider the scope of the terms "director" and "officer". Rule 16a-1(f) brings further clarity, defining "executive officer" as a principal financial officer, principal accounting officer, any VP in charge of a business unit, division, or function (the SEC points specifically to sales, administration, or finance), as well as any maker of significant policy.
Cassandra here's another little tidbit:
The prevailing wisdom adopts a necessarily expansive definition, consistent with the disclosure purposes of Section 16. Titles are ignored, and courts have adopted the "functional equivalent" test: they inquire whether the person, although not holding a formal office, performs the functions of an officer and therefore has access to inside information. Access to inside information is an important trigger because one of Section 16's principal purposes is to expose transactions by insiders that might be motivated by insider information, or in violation of the short swing rules.
Do you think Falk has access to any insider informatation? Since he is considered an insider he has to report all buys and sells to the SEC.
Cassandra get your facts straight before you spread your FUD. Insider reporting applies to Directors, Officers, and KEY PERSONNEL.
"HOWEVER because he is no longer an officer and therefore no longer a reportable insider, Falk's transactions have not been public since 7/1/2004. IMO, it's very likely that he has liquidated."
Key Personnel
Alfred H. Falk - Vice President, Business Development
Mr. Falk joined e.Digital in 1995 as Vice President of Business Development / Vice President OEM & International Sales. Mr. Falk was appointed President and Director of e.Digital in January 1997 and on July 1, 1998 he was appointed Chief Executive Officer. On July 1, 2004 Fred Falk stepped down as the Company’s president and chief executive officer to serve as vice president of business development over the Company’s personal video technology platform. Before joining e.Digital, Mr. Falk served Resources Internationale as Director of U.S. Sales from 1993 - 1995. For the eight years prior to 1993, Mr. Falk was the Manager of OEM Sales and Technology Licensing for Personal Computer Products, Inc. From 1978 - 1988, he held several management positions at DH Technology and was instrumental in its successful start-up. Mr. Falk attended Palomar College in San Marcos and Foothill College in Los Altos, California.
Who is Fud? The answer is, people on this board who are here for the sole purpuse of spreading Fear, Uncertainty, and Doubt.
They have disclosed who is CEO "noboby". They are holding the position open for Will who will be President and have administrative and manager authority. Man the crap that is spread on this board in the name of FUD.
Unbelievable the FUD that is spread on this board. The SEC does not require a public company to have a CEO. This company has a COB and a President, all it needs to be compliant. Also that letter of employment with wording about background checks is all standard.
FGATOR don't you know it's against this boards rules to post anything that can be construed as positive about the prospects for e.Digital.
I knew none of you regular Doom & Glumers would post this:
Subject: MyTravelUK selects digEplayer for portable in-flight entertainment system
From FGATOR
PostID 418404 On Thursday, August 18, 2005 (EST) at 10:55:25 AM
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MyTravelUK selects digEplayer for portable in-flight entertainment system
16 August 2005
M2 Presswire
SPRINGVILLE, Utah - Wencor & APS announced that MyTravelUk is entertaining passengers with the digEplayer, a new portable in-flight entertainment device sold by the Springville-based company. The digEplayer, winner of the IFE (In-flight Entertainment) Product of the year Award, is the world's first self-contained, portable video on demand (VOD) entertainment unit.
''The introduction of the personal hand-held digEplayers onboard our long-haul Airbus 330-300 aircraft has enabled us to offer our customers an even more personal service,'' said Chris Bowie, Inflight Product Manager for MyTravelUk. ''Customers have praised the excellent picture quality of the digEplayers and also how easy they are to use and navigate.''
Instead of playing DVDs, the digEplayer uses a hard drive that holds a number of movies and television shows-up to 40 Giga-bytes worth - that passengers can choose from. The device has a 7'' screen and sits on a passenger's tray table.
''We are delighted that MyTravelUK has chosen the digEplayer,'' said Brent Wood, CEO and President of APS. ''The cutting edge design, ease of use and wide variety of entertainment choices on the digEplayer will make their customers' flying experience better than ever.'' Mr. Wood added that several more airlines will announce their selection of the digEplayer in the next few weeks.
About MyTravel Airways
MyTravel Airways has grown into one of the UK's leading airlines, increasing from 280 employees in 1991, to over 2,000 today. With a modern and efficient fleet, and its own dedicated engineering facility, MyTravel Airways works hard to ensure on-time performance improves each year, and that passengers enjoy the highest-quality inflight service. MyTravel flies to over 70 destinations around the world, and is part of the MyTravel Group.
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ALERT! - Beware of fraudulent emails
You just have to look.
http://www.fusiondigitec.com/ppvr.htm
Did you forget to read this part?
digEsystem is based on digEplayer, with the exception that the passenger unit - called the the Embedded Digital Video Player (eDVP) - will run off standard in-seat power from Astronics, KID-Systeme or Page Aerospace and will have an IEEE 802.11a wireless network capability.
God you people are dence, the only thing hardwired to the aircraft(at present) are the low power wires to the seats. The Digesystem player plugs into this low power wireing that has already been approved. Thus the term modular with wireless downloading from a ruggedized PC.