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Well, well, well.....Two thoughts....
#1. I just listened to the Webcast for the 3rd. time...Once at the CES, Once live and once replayed...I heard the same thing in all 3 cases...A confidence in the tone from both FF and RP, the exact feeling I got face to face with them at the CES. An honesty that has not been there in past evidenced by questions answered with facts and more information than was the norm. That confidence showed in a more relaxed report from both FF and RP. As at the CES, I didn't get any feeling of evasiveness and certainly not today even though we all know there were events that could not be discussed. (as usual)
The tenor set was one of excitement for the future. As I reported to you yesterday that was what excited me. We had very little of the "maybe's" we all have come to expect in past reports. Names were given, interim reports of the progress of the work was given, time schedules were given and I reported that RP stated EDig's financial condition was the best it has been in 2-3 years. I hope you heard the relaxed confidence in voice, with the lack of worry over the next year.
IN MY MIND THERE WAS TREMENDOUS OVERALL IMPROVEMENT FROM YESTERYEAR...
To break down this Webcast it is simply one of "going forward" with the business plan, with new customers and products. It's there and all ahead of us...That's what I felt talking to them at the CES. I don't know if I have the ability to put my true feelings into words but as Ernest Hemingway once said, (I paraphrase) "If anyone has no reason to get up in the morning, HE WON'T." I am so very confident that everyone at EDig and its shareholders NOW have many reasons TO GET UP IN THE MORNING. It may take a little more time than some of us who have been around awhile would like, but I am firmly convinced success WILL BE forthcoming.
By the way, I don't consider myself to be a spammer...These are my honest opinions based on, I hope, sound business acumen and certain intelligence given me by our creator.... I AM EXCITED..
#2. This board has too many RB rejects on it...It's starting to smell a bit...
Well, well, well.....Two thoughts....
#1. I just listened to the Webcast for the 3rd. time...Once at the CES, Once live and once replayed...I heard the same thing in all 3 cases...A confidence in the tone from both FF and RP, the exact feeling I got face to face with them at the CES. An honesty that has not been there in past evidenced by questions answered with facts and more information than was the norm. That confidence showed in a more relaxed report from both FF and RP. As at the CES, I didn't get any feeling of evasiveness and certainly not today even though we all know there were events that could not be discussed. (as usual)
The tenor set was one of excitement for the future. As I reported to you yesterday that was what excited me. We had very little of the "maybe's" we all have come to expect in past reports. Names were given, interim reports of the progress of the work was given, time schedules were given and I reported that RP stated EDig's financial condition was the best it has been in 2-3 years. I hope you heard the relaxed confidence in voice, with the lack of worry over the next year.
IN MY MIND THERE WAS TREMENDOUS OVERALL IMPROVEMENT FROM YESTERYEAR...
To break down this Webcast it is simply one of "going forward" with the business plan, with new customers and products. It's there and all ahead of us...That's what I felt talking to them at the CES. I don't know if I have the ability to put my true feelings into words but as Ernest Hemingway once said, (I paraphrase) "If anyone has no reason to get up in the morning, HE WON'T." I am so very confident that everyone at EDig and its shareholders NOW have many reasons TO GET UP IN THE MORNING. It may take a little more time than some of us who have been around awhile would like, but I am firmly convinced success WILL BE forthcoming.
By the way, I don't consider myself to be a spammer...These are my honest opinions based on, I hope, sound business acumen and certain intelligence given me by our creator.... I AM EXCITED..
#2. This board has too many RB rejects on it...It's starting to smell a bit...
Tenderloin, More truth....We kept one waiting, sitting in a corner with "whoever" for about 10 minutes before FF saw him...
and then FF finished answering the question Dinkie asked him before he left.
Okie, bring lotsa money....I take all "pushes"..
Oz, that's "plump" I got carried away with my countenance..
Oz, you mean the "pleasingly plumb" grey haired guy on the left. I'm telling all who read this that RP and FF were answering questions. The only reason our conversation ended was due to my failure to come up with more questions....I ran out after an hour.... Unfortunately we didn't record the talk and it's extremely hard to remember everything....I wish I could because there was much more to be reported. I apologize.
Frank
Tenderloin....Good thoughts....Just a question for all those doubting thomases, if you were the owner of a company in EDig's position would you trust your entire existance to the quality control of a company 6 thousand miles away, even with the reputation for producting fine products.......I sure as heck wouldn't.....I'd check ever last one with MY name on it...
Too late....you blew it....
Dinkie, you were there and heard the same thing I heard..His expression of the table with four legs, all being in play to make Edig profitable is a good one....Everything has to come together because just one product won't do it.....Unless, of course, the O1K beats the snot out of Ipod and sells a million units...
Right on....
Oz, read my previous post...Also I believe his reference was also taking into account what the 3rd. and 4th quarter of and the 1st quarter of next year will bring....Let's face it, It has to be better than $250k....Much better...
Bomba, His reply was in reference to "closing the doors and shutting the lights off" Edig was very close to doing that within the last few years....Not any longer, at least not this year.....
Simply put, Our company, EDig, has made bad decisions in the past, ala Woody running the company, the Root era and then following Mr. Colliers plan. Woody stepped aside knowing he was out of his league even with his own company. Mr. Root led us down the garden path, increased shares outstanding by over 100 million, and Mr. Collier was the right man at the wrong time. (By the way I believe he would have been successful had circumstances beyond his control not occured)
One can certainly say, by the accounts of many knowledgeable people on this board, both technical and business proficient, that EDig has quality products on the cutting edge of technology which are also demanded by the public...ala the IPod....
Then you ask, "Why in the hell aren't we successful"? Millionaires?? Mistakes, yes, Events beyond the control of the company,,,,, H E L L YES.
Just attempting to find its way in this economy.
So now, after all the sidetracks, EDig is back to its original concept, that being an engineering company catering to the desires of OEM's, existing on royalties, etc....
In my conversation with FF and RP both admitted that the MoS was NOT necessary for the vast majority of MP3's out there and that was one reason for the lack of OEM's jumping into a more expensive, more capabile player. FF told me contracts were lost, not due to EDig work or products, but because certain OEM's decided to jump into the MP3 market with cheaper, less technical players. But we now jump forward to the present...
Mr. Falk became very animated when speaking of the products today and the NEED of a system like the Micro Os. Mr Putnam was equally excited. In essence, today Micro Os is needed for the advanced products EDig is involved in. Divx, IFE O1k, the Eclipse. Both stated almost the same thing...."Now is our time to shine". This may not generate excitement amongst the doubters out there but Dinkie and I came away very impressed and had trust in what they both said.
Mr. Falk said they had learned from the mistakes in the past and while the company has had inquiries about doing work in other fields they have put them on the "back burner" and will concentrate soley on those areas where Micro Os will shine. They are going slowly but surely (his exact words) They want to know all bases are covered before proceeding to the next step. They were burned and do not wish that to occur again. Mr. Putnam was particularly excited about the future in video. That is the future.
Both stated that no one product would pull EDig out of the red..
Mr. Falk is aiming for a well rounded balance sheet, (his words) anticipating revenue from the O1K line, some of which I do not believe will be around too long....IFE, Divx and Eclipse..They feel all will be successful.
REgarding the O1K line, Digitalway is the developer and manufacturer of the 100, 200, and 300. Dioneer makes the Silhouette.. EDigital HAS N0THING IN THEM as far as technology.
When creating the O1K for retail Mr. Collier felt a "full line" of players had to be available so EDig, in essence became a "retailer" for Digitalway and Dionerr. When I pressed Mr. Falk as to "why in the hell are we carrying a product we have nothing to do when we haven't the funds to properly market our own?" he shrugged his shoulders, said "I agree" I then asked him if the company's future included these products and I got the distinct impression the answer was NO. He could not answer directly but this was well into our conversation and the tenor was set so I feel pretty confident in my opinion....He as much said so....
As I have more to add I will do so.....I sincerely hope my impressions will be given an honest evaluation by those of you who read this. I came away very confident in EDig's future.
I DO NOT BELIEVE ANY FLIM FLAM WAS GIVEN TO DINkIE AND MYSELF BY MR FALK AND MR PUTNAM. Both were as different people from their annual meeting persona's as could be.
Since I am not a "techie" (Dinkie is and he asked all the technical questions) I went into our "grilling" and it was just that, with the idea of finding out as much as I could, even though nothing earth shattering was mentioned. (Although I felt from their excitement there were events just under the surface waiting to jump up (JUST MY OPINION) Simply stated I wanted to get a feeling if I was being lied to, given evasive answers, given half truths or given "blue sky". IN MY OPINION, none, absolutely none of that was there.
I wish all of you could have been there to form your own opinions. I don't think there would as many "doubters" around as there are now.
PS: Mr. Putnam did state that the financial condition of the company is the best it has been in the last 3 years and we will have no trouble in operating well enough to get the job done.
One other thing, as I remember things that pop into my head. Mr Putnam stated "EDig has finally come to the forefront for which it has been created. The reason for EDig's existance is the emergence of the need for Micro Os and that is happening right now." "We had a technology that wasn't necessary two years ago, it is now"
It's almost as if Edig is starting over .....AGAIN.... Maybe this time they have learned from the past and will get things right......I am a believer with the only caveat being those bugaboo "events beyond anyones control"
Frank
Sentinal, As I have explained previously the $.20 an hour was my rhetorical figure garnered from FF statement: "very low paid factory workers" The rest of the statement was word for word what the man said: Dinkie was standing two feet away and was part of the conversation: Not believing me, you might check with him..Frank
Bomba, This will be my last response to you. (Something I left out of my previous missive) A question to an intelligent man/woman: If you have a problem with ANYTHING to do with EDig why are you harranging the posters on the board with your negativity and not doing what makes common sense...GO TO THE HORESE MOUTH...Contact FF personally....Go to the company and use your Bombastic attitude in demanding an interview with the entire management stafff????
THE POSTERS ON THIS BOARD CANNOT GIVE YOU ANY SATISFACTION: Not that I think you are looking for any....
LL, My references to $.20 an hour was a rhetorical one. I have no idea what the pay scale is. I would just assume that it would be prudent to inspect these initial units.
Bomba, I will not get into a p i s s i n g contest with you. I will respond to what I believe is the truth to counteract your half-truths. I will not countenance any personal attacks upon my beliefs which you have done.
I WOULD NOT HAVE POSTED WHAT I HAVE UNLESS I DID BELIEVE IN WHAT I WAS SAYING....Simply put...But then you probably do not understand that.
Just a question from a technical standpoint to your obvious superior technical brain: In putting out a new electronic product to compete with the largest electronic companies in the world would you not want each and every unit you sent to a reviewer or to a first time buyer to be in perfect operating ordee? I cannot imagine, (NOR WOULD I THINK YOU COULD) receiving a product from a manufacturer that you have no control over and presenting this product to the public without knowing if it was "bug free" If you can then I question the credentials you proclaim to have....
This is an attempt to put your "best foot forward" in establishing a reputation for excellance. It is well thought out and will result, if a demand for the O1K is created, in large public acceptance... I would not be a happy person if I were FF in sending a reviewer a unit that did not operate correctly or getting back 50% of our initial orders to the public....Not very good business, (IF YOU KNOW ANYTHING ABOUT BUSINESS) You are correct in one aspect however, Of course this cannot and will not be done to a 10,000 unit order...But then our rep will be established, wouldn't it?
By the way, I stood in EDig's booth at the CES and had an excellant conversation with FF and RP... This was grilling, lasting for over an hour. The only reason the conversation with Dinkie and myself with FF and RP ended was, I simply ran out of questions to ask. Both were forthcoming, honest (IMO) looked me in eye the entire time. I came away with an EXTREMELY positive feeling about the future viability of EDigital. Everything discussed made good business sense to me and was, in essence, a blueprint as to how EDig will operate from this point forward.
BOMBA, I find it difficult to read any of your posts. You seem to start from the premise of the "glass being half empty" and then look for anything to "nit pick" your way into doom and gloom negativity about anything EDig does.
I guess I judge situations in life from my personal experiences and know that if I had your attitude towards this investment (EDig) I would have disassociated myself from it quite a long time ago... In fact I have invested in many different companies throughout my life that I have made or lost money on and have sold. All have faded into the back of my conciousness. I guess I simply do not understand your motivations. (That' my fault)
REgarding the delays on the O1K: It's really quite simple. EDig did not have the money to place a large order. We all have known the MAJOR problem this company has is lack of funds. The company is still here however....Must say something.
EDig ordered small amounts and are hand checking them for another simple reason. In small increments the Customs do not inspect and there are no other charges other than what EDig can afford to order..Digitalway is our partner and manufactures the O1K for us, it is NOT our benefactor.
As FF told me, (another simple explanation), the factory where the unit is built is staffed by $.20 an hour workers. (Not a whole lot of motivation to do a great job) EDig checks all units to ensure they work correctly, with NO BUGS. This is done for 2 reasons: #1. Some of these units will be sent to reveiewers. Mr Falk wants NO PROBLEMS from those who will make or break this unit with their public reports. #2. He wants NO units coming back from irate customers.
Ordering in small increments also allows our engineers to do these simple, common sense, steps that they would not be able to do if the orders were in the thousands.
I asked Mr. Falk what the "turn around time" was if the initial orders were as successful as he deems they will be. His direct answer was "2 to 3 weeks", most likely 2. He has personally checked the electronic supply company where the components are made for the TREO 15 and the O1K and was assured there is an ample stock of these components, ready for shipment. By the way the TREO 15 and the O1K have 80% of the same parts in them.
FRank
T
Bomba, I cannot believe you and your ilk of "kill management" haven't bothered to use a little common sense rather than irrational anger over "NOT having made your million yet off of EDig". DAta Play had decent management and millions upon millions of invested funds behind it....It's gone....
Our "piss poor" management has kept alive a company that has had NO, NADA, NOTHING, ZERO, ZIP, ZILCH funds propping it up over these years yet has adapted to the times, has been through a horrific market and has deal after deal they have entered into and performed to the letter on, fall by the wayside, THROUGH NO FAULT OF THEIRS. How many Data Play's, Fujitsu, Lanier, Easttech, Hango, Intel should we bring up.??
The recent example of changing debt, which could have closed the doors if called, to equity which we will ONLY HAVE TO WORRY ABOUT IF EDIG IS SUCCESSFUL, shouts outloud to me.
Anybody see Data Play's investors rushing to change their debt to equity lately? I do believe they had a much bigger stake in doing so then the debt holders of EDig.
That a group/individual of debtees would contemplate doing this with a company with the track record of EDig's has to mean something very positive to me. If I were that group/individual the only way I would make this deal is if: I knew the management and had confidence in them to create an atmosphere where my investment would be a positive one: The business plan was a good one: The business the company does is in demand: The companies products are saleable, quality and in demand.
Do you think an investor just walks through the door saying to MR. Falk, "Hey Fred I know all about this and I want to throw some money at you"...No way....Management had to perform to get this investor/s to do what he/they did....
Management had have the expertise to put all this together. Management has to have a whole hellava lot more going for it than you or I realize or THIS COMPANY WOULDN'T EXIST..
Tell me Sir, What would be your qualifications for doing all this? Since you seem to know better how to run this company ......Regards, Frank
I have spent the past two hours reading some of the posts I have missed these past couple of days and while I have much to say I have decided not to be verbose but instead pose a simple question to all you naysayers.
Data Play went "POOF" No one would put more money into that venture that had much promise and in quite a few peoples mind still does.
EDig was able to convert its debt to equity, giving itself much a much better operating position. The lender who did this had the opportunity to call the loans. He/She didn't.....It preferred to bet "on the come", going with EDig for the future....Does that mean anything to youse guys?? Maybe a belief that EDig has a future, perhaps success??? Yes....No....
Aaaaarrrggggg....I did it again....What an idiot I am....I apologize to myself....I am feeding the hunger of those who wish to only see the glass half full and turn this board into an RB...I actually created a dialoge to feed the beast of negativity...I hope some of you out there will forgive me....
PS: If your hearts are big enough to look kindly on my foibles please do so through your rose colored glasses....I will be wearing mine...
Cliff, golf game gotcha down??? Miss too many short ones?? Maybe developed a slice and lost too many balls?? I can see why that would really sour a guys disposition....Frank
CDR/Cliff...by the way you never posted as much when you were Cruelin...how come the change of name has loosed "the darts" of animosity with sooooooo many posts.....???
Cliff, I feel my reply to your post is so obvious to border on the riduculous. When I made my first purchase of NCII in 1989 my question then was your question now. My subsequent purchases throughout the years was always "on the come". EDig had NEVER turned a profit, had NEVER made enough to cover the burn rate. It was always an idea that we, as investors, risk takers, liked and we backed it. There were no guarantees. We did not know "WHEN IT WOULD HAPPEN". We didn't know if Norris/Edigital "WOULD SURVIVE" as you state with such force as if this just occured to you and it is now the "biggie" gotcha....Absolutley nothing has changed....so why is it so important to you now and did not seem to be when you purchased those many hundreds of thousands of shares you told me you have??? Kinda hyprocritical methinks....
OZ, sorry for the insult...
Oz, Congrats...Sounds like you are coming around to the good guys side...Frank
I do believe this board has the seedlings of growing into the other board, RB. I thought I had native intelligence but I found myself falling into the same trap others have on the other board, namely of replying to the seemingly intelligent discourse of those whose motives are towards EDig are suspect. This kind of repartee only accelerates and leads to nastiness. I have made my feelings and thoughts known and chose not to be dragged into a p i s s i n g contest with those who will not, under any circumstances, see anything beyond their own biased opinions.
Frank
I recant..Only SOME of you guys are dreary..eom
M O N E Y ....Need it to operate anything...
CDR, you know better...there are many OTC stocks that are profitable....
OZ, you have been around long enough to remember the "Root" era. FF was not employeed by EDig at the time if I remember correctly, (correct me if I am wrong) EDig went from 30 million to over 100 million shares outstanding on his watch which was only about a year long....If that gentelman had not taken us down the garden path I think FF, with his longevity that has generated far fewer shares outstanding in a, even you have to admit, devistating market then he would be a hero for keeping this company viable...
CDR, woops just went up a whole penny on only 2000 shares....something must be afoot.....sell while you can...
Oz, again using your scenario, why would I do business with EDig in the first place?
Boy, are you guys dreary...eom
Many of you are not satisfied with EDig management. That is solely reflected in the shareprice of the stock. It stinks...However there are, in my mind, a few things to ponder, What other company in EDig's world is propering? Stock going up? Black bottom line??? What kind of market has the entire technology field been faced with these past two years??? I don't see a whole lot of any kind of technology having its doors knocked down by avid consumers....What products did EDig have one year ago as opposed to today? More or less?, quality or crap? Was Jim Colliers plan feasible? In a different, perhaps more normal market, would it have been successful? I think maybe yes...JMO....Do you think all of EDig's failures have been the fault of poor management? Maybe one or two of you out there, CDR, OZ, JDTii, will have to admit that EDig had no part in DataPlay evaporating. Nor has EDig had any responsibility for the delay of business with Fujitisu. ETc.....
Could I go on....yes....with a lousy market for over two years from a company with no resources, staying alive all this time so that you complainers out there MAY STILL HAVE AN OPPORTUNITY at realizing a decent return on your investment. What's your alternative...close up shop and then you guys will REALLY feel good. My opinion only, but I feel that fully 75% of all the roadblocks EDig has faced these past couple of years have been beyond its control...Out of its hands.....
How would you change management??? What new faces with what new qualifications would you replace FF etc. with??? What would be your instructions to them...?? SHOW US A PROFIT...you shout...How do we do that?, says the new management. We have the same situation as the last management, the same markets, the same resources...What would you have us do differently OZ?
I hate to sound repiticious, but THE DOORS ARE STILL OPEN, on a company you guys have pegged for oblivion...Propects are still forthcoming...IFE, Divx, O1K, etc.... Employees (36 at last count down from a high of 43) are not jumping ship. I don't know about you but the big picture still pleases me and I am still buying.....Frank
CDR, In my rather feeble mind I perceive a rather large hole in your reasoning, namely: If I were Digitalway and my opinion of EDig was what you say it is then just why in the heck would I be doing business with them in the first place? If I were Mr. Digitalway I would not allow a company that I felt was worthless, going in the tank, can't pay their debts, etc... to owe me a dime....??????
Cause if they are holding it would seem to me to SHOUT an answer to me question....
Seems kinda strange to me that companies and debtors will take Edig stock in payment for what's owed them....This stock selling for around $.20 a share and from a company that is obviously (to many on this board) headed for the s h i t t e r. I don't know about you out there in EDig land but if I were Digitalway (or others) I don't think I would be the least interested in worthless paper from a worthless company. I'd want CASH. But then again if I was fairly positive the stock I was getting in payment was NOT worthless and could/would be much more valuable fairly soon then I just might WANT that kind of payment....By the way, and I do not know the answer to this question and would sincerely like a reply from the many knowledge people here, do any of you know if the above mentioned stock is still being held by the receiving parties or have they just gone into the market and sold it?? Frank
CDR, I see my name being bandied about loosely. Fred Falk was brought aboard by Woody as sales manager because Woody knew he had no skill in selling nor did he have the time, nor did he want to...His enthusiasm was in creating. FF came to EDig as a very successful salesperson in the technology field with many contacts. He was the main reason Lanier and Samsung became assoiciated with EDig. He was NOT made CEO by Woody. At the time, Woody had exhausted his abilities in running a company and the BOARD made FF CEO. Woody departed with a large golden parachute and has no connection with EDig in any manner at this time, even though there are posts stating differently. FF is a very competent individual but even he and RP have stated that EDig will need and get a new management team to carry the company to the next level when circumstances dictate.
I think that will occur when EDig meets a certain criteria of success that FF is very capable of bringing the company to. If that success is not achieved then who cares.
CDR, just a friendly response from someone with an opposite philosopy. Would you, as an intelligent person, with the wherewithall to create a company based on new and wanted (I presume) technology gleefully rub your hands together and shout "Oh boy we are going to make 2 bucks on every one of these $400 gadgets we sell".....The knowledgeable posters on this board, familiar with retail have described in detail how the system works for a company without the stature and financial backing to compete, and its brutal....That's where EDig finds itself. (IMO) I don't believe selling out to a large OEM would create any better profitable circumstances..In fact it is my opinion that if EDig went to an IBM or Samsung and said "Here is our technology, our products, take them and just give us a couple a bucks per unit that you sell, that those companies would complete the deal so fast the ink wouldn't dry on the shares we all hold as they head for oblivion.
Seasons Greetings, I hope you and I will have a great New Year., Frank