About SRS WOW:

EDIG is using SRS WOW technology, not the other way around. So, there is no established link between EDIG and MSFT or Sony - which both also use WOW technology. It again speaks of the frailty of MIcroOS.

Remember when MicroOS three main claims to fame was it being need for multicodec players, battery life and strength of the sound quality it provided....?

Well we all know it is not really needed for multicodec, and there are competing players out there with the same battery life and NOW EDIG is partnering with a company that helps improve their sound quality - to say their's is not the best without it. Read the description of SRS WOW below:

"SRS WOW is an award-winning, patented, stereo playback enhancement technology that improves audio dynamics and bass performance of stereo music played over small speakers or headphones, especially when the audio has been digitally compressed in formats such as MP3, WMA and audio CD. It provides clear three-dimensional stereo sound, reduces the "tinny" sound experienced in smaller speakers and enhances the bass performance of any speakers and headphones even in the presence of a subwoofer. As a result, manufacturers of small audio devices, mobile and personal/portable products can dramatically improve their product's audio performance without enlarging the speaker size."

DABOSS, Let's set the record straight....

Although you mentioned this forum was created by some EDIG investors, they DID NOT finance any of it. They did not pay for the upkeep, nor the server space, nor the Domain name registration, search engine fees, etc... nor seek out the advertisers that keep this site going.

So that being said, this is far different from "their private forum" and should not be thought of in this way.

I have had several of my critical posts deleted by "the EDIG powers"' here on Ihub, only to be reinstated by the owners of Ihub who saw there was nothing wrong with an opposing view being posted - it was actually very healthy as they wrote me.

"Their House" is actually the owners of Ihub....

The EDIG "powers" job here is to facilitate the discussion on EDIG and to bend over to try to be fair to all views both pro and con. Even they have boundaries they must act in.

If you would like your "utopia" posting board, I suggest you finance the whole thing out of your pocket, then you can censor it as you wish.

I ran a Check on Sunrise Capital and this came up:

Sunrise Capital was issued stock on this last filing.
I believe they helped EDIG out in the past as well.

But look at Airscooter.com's personel:

http://www.airscooter.com/pages/aboutus_personnel.htm

The usual suspects ;)... Woody Norris, Jerry Polis and James Barmes President of Sunrise Capital.

Everything always seems to be linked.

Sky: You are right, it could have been a buy.

But most likely it was a sell. Using your reasoning, with 40% of the share volume going through on that trade, if someone wanted 100.0K would the stock price finished on the low of the day?

I ask you what is the more likely scenario? I mean Tinroad said "I have bought on the bid", but he is bringing it up as a irregular possibility, not the most likely scenario.

So it could have very well have been a buy.

Time will tell...Maybe Monday will tell.

99.0K Shares Sold Was not an:

Institution: As of 9/02 Hartline Investments was the largest II investing in EDIG with only 19.0K shares.

Nor a Mutual Fund - As of 9/02 No mutual fund owns EDIG. MF tends to shy away from BB Stocks, but I think it speaks that not one mutual fund in America owns EDIG.

It could be:

1)An Insider
2)Davric Corp/Jerry Polis who has a ton of shares
3)EDIG's law firm that was paid with a ton of shares
4)MM sale
5)A large position long who finally waved the white flag.

It is not all that comfortable that this trade happened at the absolutely last second of Friday's trading as if expecting something to happen at the open on Monday, or hoping that it wouldn't be a high visability trade.

Here is a worthwhile question on the recent stock issues:

First on all, it shows that the majority of the 4 million shares issued since August were purchased by Davric Corp./Jerry Polis. Now it mentions that the EDIG proceeds from this sale will be used for a few different things, one thing being paying off EDIG’s debt obligations.

Now it was documented that some of the financing of these obligations came from Las Vegas, the “stomping ground” of Jerry Polis. In addition, Putnam also said that their lenders on the notes in forbearance were “friendly”. Jerry Polis goes a long way back with EDIG.

So one could draw the conclusion that a portion of the proceeds from the stock bought by Davric/Jerry Polis went to paying off a debt to Jerry Polis. As my Irish Grandmother said, “Thank God we always have something to laugh at...”

Ok, now the real point.... Jerry Polis/Davric bought 445,000 EDIG shares on 11/18/02 for $.30. On that day, the stock traded in the neighborhood of $.18-$.19 on the open market. So this very astute businessman, Jerry Polis, who owns quite a few businesses under his belt, paid 50% more for this stock than he had to on the open market. He should have just gone through the exchanges. The law firm on the same filing that day paid $.20 for their stock.

Now why would he do this? IMHO, this price was paid as part of a larger package where Jerry Polis received something else in the deal, to compensated for him paying the extra 50%.

What did he receive? That is a really good question.

Moxa, I know it is mentioned there, but why isn't it mentioned in the spec.

A spec is very important to manufactures and OEM customers.

Was it left out as an oversight? Did they forget it? Did they change the spec? Is it in there, or not?

Lawyer Long: You mention in post 19267:

"One final note and then I am going to take a little break from this entertainment for a spell" and yet you are back a second later.....LOL! This is hilarious...

So what was your point? I said I was taking a break and came back. I hope you can see the humor in your point considering your 19267 post.

Please answer the question.

If you want to bash each other, we cna go to Raging Bull. I have been trying to be respectful of I-hub, and knock heads with people over at Raging Bull.

Does the O 1000 use MicroOS????

It is not listed in the spec's for this item on their web page:
http://www.edigital-store.com/odyssey1000.html

It is mentioned in the July PR, but then not mentioned in the 9/02 10Q (being labeled only as "an efficient power management" system), nor mentioned in the spec's on their web site just posted.

Was something changed????

Please confirm.

Did they reverse split to zero shares? C'mon...

The JABRA Shares were Absolutely GONE in 2000!

And even if this is true, ownership percentage would have stayed realtively the same, barring JABRA printing an enormous amount of stock.

As mentioned in 1998, it looks like a 4 to 1 split based on EDIG's percentages on ownership give in their 10K. The problem is EDIG's postion in JABRA reverse split 16 to 1 for the same time .... 940.0K to 58.0K shares .

Using THEIR percentages of ownership given in the 10K, they HAD to sell some stock!!!

Then zero percent ownership without and explanation?

Can a stock ever split to the point where by the split it is non-existent?

Don't believe the lies....

The JAMBA Situation Easily Explained:

From EDIG’s 1997 YE 10KSB (filed 6/26/97), pg. 9:
“the Company's ownership in JABRA at March 31, 1997, represented by 940,734 common shares was 12.1%.”
(Estimated total JABRA shares based on the 12.1%: 7.8 Million)

From EDIG’s 1998 YE 10KSB (filed 6/26/98) pg. 3:
“The Company also holds as an investment 58,600 common shares (less than 3%) of JABRA...”
(Estimated total JABRA shares outstanding based on the 3% : 1.95 Million)
**** There looks like there may have been a 4 for 1 reverse split here, but who knows???)

From EDIG’s 1999 YE 10KSB40 (filed 6/28/99) pg. 41:
“The Company's 58,600 shares or approximately 2.5% investment in JABRA Corporation ("JABRA")”
(Estimated total JABRA shares outstanding based on the 2.5% : 2.34 Million)

From EDIG’s 2000 YE 10KSB40 (filed 6/27/98):
The is absolutely NO MENTION of JABRA at all.

Ok, Here is the FIRST problem. A 10K annual report is supposed to list every source of revenue you had within that year, every expense you had within that year, every asset you held in that year, every asset you disposed of in that year, every liability on your books, every investment, stock your company held within that year, etc..

You really don’t have to look at all the other filings in between these 10K's, the 10K is supposed ot reflect everything that happened in that specific year, and encompass everything on the other filings.

In the 3 10K’s following the YE 1997 10K, there is NO EXPLANATION as to what happened to these JAMBRA shares.

The filings mentioned that the stock on EDIG’s balance sheet was carried at “nil” value for accounting purposes, but as you can see in 1993 & 1996 EDIG sold some of these shares for millions of dollars! So the definitely had a substantial value.


Here is the SECOND Problem: On 8/24/00, GN Netcom bought out JABRA for $40 Million + $35 Million additional payments = $70 Million total.

http://www.gnnetcom.com/usa/news.html

If the 4 for one Stock Split actually happened, which is the best, least damning case scenario for EDIG, there are JABRA 235,183 shares that disappeared from EDIG’s balance sheet with NO Explanation! This has a value of, according to the merger, of roughly $7 million dollars.

Norris, Falk, Putnam and Warden all signed these 10K’s as to their validity.

Also, to say this was an oversight in book keeping won’t fly because the disappearance of these shares happen SEVERAL times on different 10K’s!

Don’t expect Putnam to answer your questions. I think he wants to spend all his future holidays with his family.

LawL: And you are quite arrogant.

I will drift away from this board so this board may only have your extremely valuable, wise, learned and insightful counsel.

I mean look at your track record...All the times you were ahead of the curve. Your foresight has been flawless. Why wouldn't anyone fall to their knees at your ability to correctly read the direction of a certain stock and your overall brilliance?

I posted the other day, and you gave me your $1.95 legal reply, "That's speculation..." One of the phrases that people use because it makes them sound intelligent. After checking th majority of your past posts, they all contained your speculation. But I guess the legal definition of speculation is "something that you don't agree with said by another person" and never your thoughts. Which again speaks to your arrogance.

Actually, arrogant people always get slaughtered in the stock market, because they can never believe they were wrong.

Actually, if EDIG does extremely well in the future, I will be happy for the many people I know here who have really been steadfast. If EDIG goes how I think.. FF, RP and you will get what you truly deserve.


BOARD ADMINISTRATOR: He drew first blood/insult

Answers to the Poster's comments:

The response to the post were exactly as I expected. Some read and appreciated the candor, with others it fell on deaf ears. I could have written an exact list of poster who would discredit it before I even sent it, so that was no surprise.

I wrote the post for a few reasons. I think there are several posters here who do rely on other posters to sort things out. I have had quite a lot of non-solicited personal e-mails over the years asking my take on where EDIG is, and my thoughts. I feel there are also a lot of very good people who have lost a lot of money with this company who deserve an honest post.

My statement calling this an important post, was not a credit to myself, but out of overriding conviction of where I think stockholders will be 6 months from now if they ignore this post.

If you can salvage a few thousand dollars still on this investment, that is a mortgage payment.

A while back I was kick off the I-hub Chat room for saying similar things and voicing concerns about the company, trying to sort things out. This response was a similar mind set that "remains":) in a few posters who have replied to my post today. The stock at that time was trading at several time multiples from where it is now. Unfortunately, I didn't follow my gut and no one else listened to me.

I have sold, this time realizing the situation. Even monkeys learn from their mistakes.:)

Those can take or leave my post, and we will see where they are a year from now, and who was right.

Time is the great justifier.

I sold all my EDIG today and here is Why....

I think this could be an extremely important post to many of you, so please read it in its entirety

First it is important to go a little bit into my background, as after this post I am sure I will be “portrayed” several ways by the hypsters, and the majority of things stated here discounted as inaccurate, past news, having an alterior motive, nothing but bashing,

I was a very enthusiast EDIG purchaser back in January of 2000. If you dig out my initial posts on Raging Bull, you will see I was a strong and enthusiastic supporter of this company. Over the past few years my support has gone from excited to small doubts, to large doubts, to disgust and the decision outlined in this posting.

Although I tend to be very direct, and hit hard sometimes, I do really try to be very objective and try to be accurate in my thinking.

Also, I have called some things right on this company. For example:

A) Predicted the 12/01 Quarter Revenue would be $606.5K and it came in at $600.0K.
http://ragingbull.lycos.com/mboard/boards.cgi?board=EDIG&read=869582

B) When most posters were predicting a multi-million dollar revenue qtr for 3/02, I posted it would be $836.0K, it turned out to be $649.0K, which I feel was close.
http://ragingbull.lycos.com/mboard/boards.cgi?board=EDIG&startfrom=&numposts=30&board=ED...

C)I also in March 2000, predicted the next two EDIG brand product retail placements for EDIG (CompUSA and Tiger Direct), with a very short list of possibilities:
http://ragingbull.lycos.com/mboard/boards.cgi?board=EDIG&read=920956&x=9&y=6

So you see, I am really not throwing darts in the dark and do try to think out my investment with this company.

Sadly, the reasons to liquidate lately became too many to ignore, and I felt the likelihood of success, or just viability for this company became such a long shot (IMHO) I took my loss.

Before reading this, please let me preference this with the following text states my opinion, nothing more.

OK, Here are my reasons for selling:

BIG REASON # 1)Management’s Lack of Credibility, Forthrightness and Candor:

Warren Buffet, generally considered the greatest investor of this century, has 12 tenets or considerations when owning a stock as outlined in “The Warren Buffet Way”. This is a list I always refer back to when things seem to get out of control. His 5th Tenet is this: “Is management candid with its shareholders? Does management report the progress of your (investment) in such a way that you understand how each operating division is performing? Does management confess its failures as openly as it trumpets its success? Is the company’s prime objective to maximize the shareholders investment?"

This is the most damning consideration of continuing to hold this stock, and the main reason I had to finally let go.

IMHO, Management has been far from forthright and I believe many times mislead their loyal shareholders.

To illustrate here are a few choice examples to touch upon this disheartening fact:

A) The Phantom Maycomm Overseas launch

The most damning issue, and the one that EDIG should be most scared of as far as legal action, is the alleged Maycomm Launch in Europe and Asia.

From the October 10, 2000/Maycomm PR: “Initial shipments are now beginning and the product will be introduced into the European and Asian markets as well as in other countries and specialty markets through Maycomm and other OEMs.”

Now this language is present tense, so it is in the process of currently happening. Please let me note, The Safe Harbor Act does not "protect" a statement that is in the present tense as to what is happening, only future projections. Management cites these players are now shipping, but the revenue for the quarter after these players started to ship (QE 12/00) was only $82.0K; with only $44.0K as product revenue.

The 2000 10K mentions that 90% of 2000 revenues ($1,828.0K) is Lanier ( equaling $1,645.0K) leaving only $183.0K for the year additional revenue for possible Maycomm payments. So I am not really sure where this European and Asian launch went. Shouldn’t this launch at least equal the revenue of OEM products to one company, ie Lanier? There were no reports on any products on the shelves in Europe or Asia?

The smoking gun came later in the YE 2002 10K..”To date, we have not received any royalties from Maycomm for this product.” How can you never receive any payments two years later, after you have shipped the product for a product launch you cited in public?

When I wrote Robert Putnam and asked him about this he in true Putnam form side stepped my question and referred me to read the PR again. Is he kidding?

Point B) “The Intel Massacre”
IMHO, EDIG made shareholders believe there was an OEM agreement with Intel imminent.

From the 2000 10K..."we continue to pursue opportunities with various divisions of Intel.”

They followed this up by saying by the years’ (2000) end there would be an Intel announcement.

Then per their Partner Page Web Site: “We announced at our Annual Shareholders Meeting on Nov. 9, 2000, that the work on this [Intel] contract was completed.” This was their Intel Announcement that they promised? There announcement was to state they finished working on a product with no results?

Point C) Management’s complete inability to forcast their revenues.
*Falk went on record saying Lanier would bring in “$7 million” a year, it turned out to be 20% of that, then the product died.
* Falk mentions Dataplay revenue will be “significant”. Turned out to be non-existent.
*And most damning, Falk’s 11/8/00 Letter to the shareholders states "The second quarter results, which easily surpass our combined total revenues for the last two completed fiscal years, demonstrate that we are beginning to realize the revenue potential that we have anticipated. The next quarter’s (12/00) revenue was only $80.0K. Falk made this statement on November 8th, almost half way through that disappointing quarter. So he is saying they are beginning to realize their “revenue potential”, while knowing that the current quarter is a bust. How can he say that? Did he not know how the quarter was going?
*Recently, giving revenue guidance for the quarter of “$2.4 Million”, now saying they will significantly miss this number.

Management has used and dealt all their rhetoric cards of persuasion and no one believes anything they say anymore. Shareholders, Partners, Lending Institutions, the Industry. analysts, etc...

I have purposely laid off Putnam in this post. Although I could really write 5 pages on his credibility alone. His antics at EDIG will follow him through his career.

I will leave you with something Putnam said on the phone when asked if Microsoft contacted little EDIG, “What makes you think they didn’t?” Reflect on this statement then read Buffet’s tenet above again. Putnam laying this out to fuel the flames of rumor. Is Putnam a type of Officer of the Company that Buffet would approve of?

BIG REASON # 2 My second consideration for unloading is management's’ lack of competency and poor execution. I think the best way to concentrate on this is to list their product launches over the past few years and also address their continuity of strategy/business plan over this time span as well.

First the product launches and results:

1999 Sanyo Flashback Voice Recorder - Nothing came of it and it was listed on the web site for years after. The product died.

Lanier Sequence Mobile Voice Recorder 1997- The company that took over Lanier felt this item wasn’t necessary to continue with this product. There was a $100.0K’s balance of product that Lanier agreed to buy from EDIG, that EDIG did not make them take. The product died.

Maycomm 2000 - The “Phantom Launch” - please see above.

August 2000 Hango/Remote Solutions OEM Agreement- Had a parting of the ways in August 2001- never really clarified, product never launched.

Intel - Stated that there would be an announcement by the end of 2000, the announcement was EDIG completed their side of the work, no further details given.

Circuit City’s Classic CHD - Flopped at Retail. I visited a Michigan Circuit after the holidays and the Classic CHD was the only MP3 Player they had stock on.

DATAPLAY Toshiba, Samsung, Digisette, MTV/Evolution -Dead on Arrival. EDIG paired up with Dataplay’s CEO who used to be a dentist and twice failed in launching a new media technology.

To this day, pumpers will say none of these launches are EDIG’s fault, but, to use a parallel, if you show up for 10 dances in a row with 10 different ugly dates, isn’t there a high probability that there is something inherent in you that allows this to happen?

EDIG does not know how to pick the right bedfellows, or horses to play. Bill Gates had a extremely short meeting with IBM that resulted in making him the richest man in the world. EDIG has repeatedly failed in this aspect.


Now let’s address Management’s Continuity of Plan: This is essential in defining yourself as a company to the industry and how people will think of you. Here is their comedy of errors:

January 2000 - The proprietor of MicroOS, the multi-codec MP3 player technology that every major player needed- It was Patented!!!! Margins like Microsoft!!!

December 2000 - When other major players launched their MP3 Players successfully without needing MicroOS, then EDIG became a design house for the big guys and take their little piece of the pie on their million of units.

2001 - When the big guys weren’t biting and EDIG realized (IMHO) that royalties on such a small initial market would not pay the bills, they decided to be a Consumer Electronics player and launch their own branded product into the world and get a couple of hundred of dollars on each unit.

2002 - When their wasn’t enough money to expand into all retail, and they didn’t realize the dismal profit margins at retail to compete, they decided to go back to as an OEM company and “regional” player.

The lack of continuity of message and direction was never more apparent that at the 2001 shareholder meeting. After mentioning the phrase “industry standard” as their goal on scores of Falk PR’s for the company, Allen Cocumelli states “We are toddlers... crawling” and “fortunate still to be in business.” It seemed upper management couldn’t even get their continuity together of what the company was.

The other thing that sticks in my mind, although it was a little event, it was a strong microcosm of the company. The banner at the “Stars on Ice” event. This was the first national “Coming Out Party” for this MXP-100 and the banner made a mistake by misnomering the product on the TV banner. They couldn't even get a banner right. This is really basic and inexcusable. It really spoke volume of the competence of this company, and the half rate way in which they executed things.

One last chuckle was the conference call for analysts that ended before most people could get a phone connection to it, or this last SHM where by reports Falk fumbled with the 1000 to get it to work. These all speak to the level of professionalism of the company, and the class of the operation.

3) BIG REASON # 3 No more Cash!!!
EDIG has SEVERE cash problems as witnessed by the following:
A) They paid Digitalway in Stock for inventory because they, I assume, didn’t have cash. This is a REALLY desperate move.
B) When the retailers they were dealing with went to consignment, meaning EDIG would get paid as their product sold at retail, EDIG changed their strategy because, IMHO, they could not support the extra few months floats on payments.
C) No mainstream lending institution will touch them. Some recent “loans” came from offshore “entities” (Emmanual Kant - that no one can find anything about) and a 4 individuals from Las Vegas.
D) The money that they were counting on by issuing the additional shares, has now been cut in half due to the nose dive of the stock price. So this planned financing is no longer there either. Recently the vast majority of their SEC filings have been the issuing of treasury stock for getting money.
E) Normally, the rule of thumb of investing in regard to what is the maximum a good company can be leverage is that the Accounts payable should be no more that 30% of assets.
EDIG’s assets as the last QTR report were worth $2,577,265, there accounts payable was $4,233,076 - That is 164% of assets!!
Also their “Accumulated deficit” in the owners equity portion of $60 Million has overtaken their “Paid in Capital” of $56.9M.
F) There also have been some disgruntal shareholders mentioning legal action. What effect do you think just one of these actions will have on a zero balance war chest?

BIG REASON # 4 Timing!!
A) The end of the year tax selling will begin shortly, and most people have severe losses with this stock. This, IMHO , will push the stock down even more.

B) OTCBB “Stock Exchange” will be revised in January of 2003 to a new exchange and keep only 1,700 of the 3,400 companies currently listed. The rest will be banished to the Pink Sheets. Does anyone really think EDIG with a share price of <$.20 will be kept on the exchange??

BIG REASON # 5 - The Information Leaks and the look of impropriety of several fronts
There have been several posting on message boards where the poster scooped the announcement on PR's that weren’t officially announced yet. How can this be??? These are numerous. Certain shareholders get information that others don’t. Several times I have seen stock movement before an announcement as well. There have been reports of posters being pulled aside at SHM’s for private discussions....In 1999 (I think) there was a case were a Wall St. porfessional gave insider information to a prostitute. EDIG was one of the companies he gave. How did he get this info? Do you really think if something goes terrible wrong with this company, the average Joe will has any chance to get out in time?

The other thing that needs to be question is that doesn’t it look odd that the ONLY insider who bought stock in the past few years, Alex Diaz $100.0K+ worth, soon after became Chairman of the Board? I mean how many Directors jump over Vice Presidents, Presidents, Board Members to become Chairman of the Board???? Don’t personally think there's anything’s here, but doesn’t it look funny?

BIG REASON # 6 - Past Experience:
Although I have been lucky to make good money in the market, I have taken a beating on a few stocks, present company included. Weblink Wireless was a good lesson and a superior comparison to EDIG. Weblink had a technology that everyone actually needed - two way paging. These small paging devices could be used to tell a vendor when a vending machine was low, or let a supermarket chain change the price on the shelf to every supermarket they had nationally from one central location.

It was 60% owned by Morgan Stanley (very smart money) and had unbelievable alliances in the industry. It was also run by two individuals from Harvard.

Weblink filed Chapter 11 and all the shareholders got nothing. They took the stock from their shareholders and reissued their stock to their creditors on the other side of the proceedings.

Every consideration listed above was better than what EDIG has, and this company failed! Moreover, it was run by two guys from Harvard and when compared to FF and RP, well ...need I say more.

Big Reason # 7) The FLOAT and Earnings
Say EDIG pulls a rabbit out of a hat and actual gets $100M in revenue next year. The stock holders would be very happy...right?
But the amount of stock issue is so riddiculous for this small company, if they do get $100M in sales, it won’t matter.

Using an Earning Percentage similar to Intel’s (about 9%) Revenue of $100M will get EDIG $9M in earnings.With close to 140 Million shares issued currently, that is earning per share of $.064. That is if they run their business as efficiently as Intel. With an appropriate P/E for this new stock market, 20, that is a fair value stock price of $1.29. $1.29 Fair valuation if EDIG can get $100M in sales. This is what I consider the up side of holding on verses nothing if they file Chapter 11.

Well that is it.... I said my peace. After thinking of all of these reasons I thought it would be crazy to hold this company, and fly in the face of logic. I thought is was better to take my $.20 a share and take the very large hit many of us have faced.

The hypsters will say look at everything on the horizon, the Fujitsu deal, Inflight deal, DIVX, etc... This has been a very successful tactic for EDIG over the past few years. It is my believe that EDIG will not have the funds to make these things come to pass, or will be able to survive that long to see their fruition. They don't have the capital.

Everyone has to make their own decisions, but what I did here was to give you strong reasoning on my decision, so if something goes wrong, you can’t say you weren’t aware.

Hopefully this will help some people who invested in this company know what is going on.....

This has been a life lesson,

Be Huge!

Braveheart

Ucansee: You are right.

I am guilty of some of these posts.

But I think what "bashing" really is has to be clearly defined by the powers that be on the board.

For example:

Example 1) FF & RP has zippo credibility and have run this company into the ground, etc. ad naseum...

Example 2) According to the QE Report (9/00), EDIG management stated that we would have $XXX in revenue and licensing OEM products with DP by X/XX. They did not deliver on their promise on either of these and the stock suffered because of this.

Would the board consider both bashing? I think some here would say both are bashing. Some would say only Example 1 is. I think the former is the only one bashing.

Also, I think this board has to be careful on who they ban.
An honest attempt to prevent bashing could result in sensorship of a free exchange of ideas and concerns with this company. If they have a very strict requirement, the board members with be cut to 25% of posters, all who don't question anything, and where is the value is that?

Putnam Playing the Sympathetic Wife Card?.....
He really won't stop at anything or stoop to any level....

Putnam's Wife: Robert, I saw you with a 30 year old blonde bombshell last night entering a hotel room. Did you cheat on me?

Putnam: Honey, I "remain" with you....

LOL! Sorry Guys, but after all the money we lost, don't we need/deserve a laugh????

This is of course a joke, I don't think Putnam cheats on his wife, but he might need some counseling on honesty, IMHO, which I believe he can't turn on and off anymore and this will eventually effect all his personal relationships - stockholders as well.

Well that is my weekly post.

I believe Collier has been accurate 80% of the time, and believe that it is his sincere wishes to be forthright with his shareholders.

By way of comparison. I believe, IMHO, Putnam has been accurate 5% of the time and it is his sincere wishes followed up by actions to mislead shareholders with rhetoric and to hide the real situation of the company.

Moxa? Are you criticising the company? You were President of the EDIG Coolaid drinkers??? Remember when I was kicked out of Ihub chat when I was arguing with you that things weren't adding up, management were feeding us lines and contradicting themselves and Dataplay was going to have severe problems. You said I was a basher and had no idea what was going on...Maybe your accuracy is up there with Putnam's.. LOL I think EDIG was around $5.00 then.

I am justified, but unfortunately can't have the last laugh, b/c I held my long position.

Maybe in the future you shouldn't discard people who are bringing you the truth and are sincere, and be a little more humble and open to the truth.

You hit the real of the problem w/ EDIG:

"marked improvement", "Substantially lower", Putnamisms left. Putnamisms right.

"Substantially lower"... Remember when Falk told us Dataplay would yield "Substantial Revenues".

The heart of the problem is that these guys have used up all their "benefit of the doubt" cards, many times over, with the shareholders. I think any shareholder that believes their credibility at this point is trustworthy is in a different reality and drinking the coolaid.

They have consistantly talked up a storm of achievement, then hide their failure in rhetoric and cryptic e-mails that can be taken a few ways to the shareholders when they are left with the cold light of day reality of what they actually achieved.

Collier was the only person who gave shareholders a straight answer and this company an ounce of credibility, and now he is in doubt.

Wendy's e-mail was classic Putnamesque "These are only rumors.." Yeah Wendy, Rumors can be true...

My gut tells me the Collier situation went something like this. IMHO.
There are two type of business personalitiess. The "Do-ers" and the "Scmoozers". Collier is a "Do-er" Falk is a "schmoozer". When the "do-er's" achieve, the "schmoozers" get extremely worried because their schmoozing can't hold up to results, and they feel things, their base of power, slipping away once their "perceptions" of success are met with someone elses' "reality" of success.

The "Do-er" is seen as a maverick and rabble rouser. And the "Good Ol' Boy Network" decides that he has done something wrong and target him.

But this is just my gut, but I also had a funny thought last night... what if Collier was promoted to CEO by the BOD? And Falk was demoted? Very slim chance knowing the vain personalities involved, but worth a second of thought. This would only happen if Collier could get the other BOD's to overule Falk's and Putnam's votes. Since Falk placed a lot of them it is very unlikely.

Is the raw information of last year's proxy vote available?

All I have seen is the 10K saying that all BOD's have been approved 100%.

I take it that they count the votes, and if each BOD gets a majority of the proxies, they suggest and pass the resolution to keep the Board members and saying it was passed 100%.

I would be VERY INTERESTING to see last year's proxy vote actual final voting numbers.

I have a feeling if it was made public it might pose an embarrassment to Sir Putnam.

SGE: The Evolution Rep told me at CES that they had an "agreement" with DP & MTV that MTV would be the first Dataplay player.

My gut tells me the delays, or other problems that caused the delay. might have made MTV concerned. They might have taken the position to let I-River stick their neck out and take on the initial launch risk and get a feel for the market, then MTV with all the leg work being done can have a full blown launch with a push of a button, or a very much scaled down launch.

This is yet another Edigital OEM situation that makes you wonder.

Mugsd: Your perceptions of RP are right on the ball - couldn't be more true.

Sadly, Robert (UCSFC) has never learned the boundaries between positive Investor Relations & pure exaggerated hype. IMHO, there seems to be no conscience there, pretty Clintonesque. We all have a RP story like you have mentioned. More sadly, a reputation like this follows you through your career.

I am happy to say though that I have been very impressed w/ Collier. He is very "non-Putnam".

BE HUGE!

EDIG's pricing strategy on this new line is very strong and I think it will be very successful. From personally working in the electronics industry, features are nice, but price is everything! I think they may have learned this lesson with the high ticket of the MXP100.

DGN had #1 Selling MP3 in Japan....

http://www.3dsoundsurge.com/press/pr2024.html

Digital Global Network Unveils One of the Smallest MP3 Players Yet to be Introduced to the Market
Packing 128MB of Memory in the Small Size of a Key Holder, the DMK is Truly a Unique MP3 Player

SAN DIEGO, Calif.--(BUSINESS WIRE)--Dec. 10, 2001-- Digital Global Network, the company behind the popular MPIO digital audio products in the U.S., today introduced the newest of their MP3 Players, the MPIO-DMK. Packing a full 128MB of internal memory, the MPIO-DMK is about the size of a lipstick or key holder, weighs only 29 grams and can be comfortably held inside the palm of your hand, latched on the provided belt-clip, arm-strap or worn as a necklace to allow users to enjoy over 2 hours of music.

Both PC and Mac compatible, the DMK includes such features as USB support for quick download speed of 5.5 Mbps and backlit LCD displaying track information in several languages, such as English, Spanish, German, Japanese, Korean, Chinese and French.

 \223The MPIO-DMK MP3 Player is truly one of the smallest MP3 players that have yet to be introduced to the market,\224 said Joseph Lee, President of DGN. With the incredible small size and large memory capacity, this player offers the best of both worlds for consumers.``

The MPIO-DMK is available now for purchase for $179.00 for the 64MB version and $209.00 for the 128 MB Version.

In addition to this newly announced product, Digital Global Network recently introduced their MPIO-DMG Player, a portable MP3 player, voice recorder, and optional digital camera device. The MPIO-DMG was introduced to the Asian market in April 2001 and quickly became the number one selling MP3 Player in Japan. Building further on its enormous success in Japan, Digital Global Network was presented with the ``Millennium Award' from the Korean Government for its MPIO-DMG player.

The MPIO-DMG is a mere 2x2 inches but boasts such features as 20 hours of playtime with a single AA battery, over 17 hours of voice recording (4min./1MB) and up to 256MB of internal and external memory capacity. The MPIO-DMG has a backlit LCD for displaying track information in several languages and supports industry-accepted standard, MP3, as well as Microsoft's popular WMA audio format. The digital camera add-on, which will be available in early 2002, can be used as a digital still camera or web camera for real time video.

For information on either the MPIO DMK or DMG please contact Christine Fullerton, Media Perspectives at Christine@mediaperspectives.com or 408/842-7269 or visit www.mpio.com

About Digital Global Network

Digital Global Network (DGN) is a leader in bringing innovative digital audio and multimedia devices to the consumer market. Founded by a pioneer in the MP3 industry, DGN is dedicated to providing leading edge products to OEM's, distributors and end users. DGN is a privately held company with sales and marketing headquartered in San Diego, California and design and manufacturing facilities in Asia. www.dgntech.com

About Digital Global Network (DGN)

http://www.dgntech.com/about.html

Digital Global Network (DGN) is a leader in bringing innovative digital audio and multimedia devices to the consumer market. Founded by a pioneer in the MP3 industry, DGN is dedicated to providing leading edge products to OEM, distributors and end users. DGN is a privately held company with sales and marketing headquartered in San Diego, California and design and manufacturing facilities in Asia.


Digital Global Network (DGN) inc. began producing digital audio players in 1998 and quickly grew to be one of the largest manufacturers in the world. While building these devices for other companies to market under their own brands names, DGN earned a reputation for world-class quality. Now, DGN is developing and designing its own players. The high quality is the same. What's new is smaller, more colorful players with more memory at a lower price.

The OEM to Samsung Electronics (Yepp) and RFC (Jazpiper) made it possible to be a giant manufacturer with the quality proved. MP3 player with digital still camera (MPIO) is one of the technologies that was awarded Chang Youngsil Invention Award 2000 in Korea.

As a developer and designer, DGN has released MP3 players with the best technology. MP3 player, Multi Format (WMA, AAC) player, Multi language supporting player, Audio with Voice Recorder, Telephone book, digital still camera and web camera, all these product lines are only part of DGN's on going development.

Here's the products...

 http://www.dgntech.com/products.html

Dataplay Update from Twice Magazine (4/29)

*Consumer Promotion Campaign - Late May; Early June -
Coincides with 1st Launched player

*DP VP says 50 titles available: Britney Spears, InSync maybe some BMG titles.

*Seeking 3rd round of Financing

*Commitments of Universal an EMI but no timetable.

*One record company Exec said aligning w/ DP is defensive move.

*MTV Evolution due out May 1st $359-$369

* I-River's iDP-100 Due june 15th $369
iDP-100 has decoders for MP3,WMA, AAC QDX. Article says QDX is required by Dataplay!!!
iDP-100 has DRM technology to copy protect

* I-River Dataplay-enabled portable MPEG4 video players due late this year

*Samsung player due out Sept - Oct 2002

* Record Co's codecs:
Universal - Q Design's QDX
BMG - AAC
EMI - Either AAC or QDX

* Can burn from OC w/ Supplied software onto DP Disk

* Retails fort Blank DP
Single $12 Retail
3 Pack $9.99
10 Pack $4.99

EDIG will soon announce Breakeven moved up...

a few quarters, IMHO....

Possibly even this quarter (6/02) in which they will qualify "our first breakeven quarter" b/c the October loan payment might make Qtr ending 12/02 unprofitable...

But more likely, 9/02 QTR ending...will be the breakeven forecast...

Just a gut feel, backed up by forecasts, but I have been on a role lately....

BE HUGE!

Nice Find Cassim:

Nailed the first 2 distribution accounts w/ this past post:

Posted by: wm_wallace2000
In reply to: None

Date: 3/4/2002 9:47:50 PM
Post # of 10881
Edigital's Next Retail Announcement:
After doing careful DD, I think there is an 90% chance that one of the following retailers will be the next brick and morter announced as a retailer for EDIG product:
1) Staples
2) CompUSA
3) Walmart
4) Sam's
I think the above are in order of probability - Most to least out of the 4....
And, likewise, there is a 90% chance that one of these catalogers or e-tailers will be announced:
1) CDW
2)Insight.com
3)Buy.com
4) Egghead.com
5)PcConnection
6)Tigerdirect
7) Computers4sure
I am not sure if a brick and morter retailer will be announced first, or someone from the second list will be announced first, but if/when it happens, I will tell you how I knew ; )
BE HUGE!


Posted by: wm_wallace2000
In reply to: None

Date: 3/11/2002 10:52:51 PM
Post # of 10881
Here's how I knew it would be CompUSA.....
I got inside Collier's head thinking, "We need revenue very quickly to get us cash flow to meet our obligations to keep us a float.... first, then expand...."
Then I thought Collier would start pitching accounts that he had personal strong ties with first for expediency - quick results, called in favors, exploited industry relationships. The below listed accounts are the core accounts of CTX International, which Collier and Boska both worked for...

Sent: Excuse my devil's advocate, but:

Maybe II have been reading Putnam-speak too much, but the e-mail from Dataplay that says:

"We have received orders from every major Tier I and a high percentage of Tier II electronic retailers for the DataPlay enabled audio player"

I am not sure if "electronic retailers" should be read as "retailers who sell electronics", ie everybody, or

just "Electronic retailers" : Best Buy, Circuit, Fry's, J & R, etc. which is alot smaller distribution: Ten accounts total.

Putnam has helped me immensely read things very carefully, at least I owe that to him.

$40 Million in possible EDIG Future Revenues:

Really Great Page on Fujitsu Ten Revenues:

http://www.fujitsu-ten.co.jp/english/outline/databook/db-e-sales.htm

Breaks down their sales by product line!!!! The Eclipse is considered part of the Audio, Navigation Product Line.

It was confirm to me at CES that EDIG will be working on the Eclispe (E-com as they called it) line by EDIG employees.

It shows F10's Audio Nav line had 102,947,000,000 Yen for YE 3/00 = US $1,002,111,834 !!!! Over $1 Billion in Sales for YE 2000.

(Yen was .00973425 US$ on that day)

So If EDIG can be responsible (manufacture) for say 10% of their products in the future... That is $100 Million in Fuj. Revenues - Top Line. With a 35% Margin to the End Retailers, and 25% Gross Margins to Fujitsu 10, that could be worth $40 Million a year revenue to Edigital.

Beginning to understand why Collier isn't focused on Dataplay.

Caveat to Ediggers: This is just a superfiscal top line thought, in no way take this as a sure thing..

Invest in your own risk....

Here's how I knew it would be CompUSA.....

I got inside Collier's head thinking, "We need revenue very quickly to get us cash flow to meet our obligations to keep us a float.... first, then expand...."

Then I thought Collier would start pitching accounts that he had personal strong ties with first for expediency - quick results, called in favors, exploited industry relationships. The below listed accounts are the core accounts of CTX International, which Collier and Boska both worked for...

Here's my Post:

Edigital's Next Retail Announcement:

After doing careful DD, I think there is an 70% chance that one of the following retailers will be the next brick and morter announced as a retailer for EDIG product:

1) Staples
2) CompUSA
3) Walmart
4) Circuit City
5) Sam's

I think the above are in order of probability - Most to least out of the 5....

And, likewise, there is a 70% chance that one of these catalogers or e-tailers will be announced:

1)CDW
2)Insight.com
3)Buy.com
4)Egghead.com
5)PcConnection
6)Tigerdirect
7)Computers4sure

I am not sure if a brick and morter retailer will be announced first, or someone from the second list will be announced first, but if/when it happens, I will tell you how I knew ; )

BE HUGE!

LET US TAKE A MOMENT TO REMEMBER:
TO NEVER FORGET!

http://ragingbull.lycos.com/mboard/boards.cgi?board=EDIG&read=774721

http://ragingbull.lycos.com/mboard/boards.cgi?board=EDIG&read=774727

http://ragingbull.lycos.com/mboard/boards.cgi?board=EDIG&read=774749

http://ragingbull.lycos.com/mboard/boards.cgi?board=EDIG&read=774803

http://ragingbull.lycos.com/mboard/boards.cgi?board=EDIG&read=774828

http://ragingbull.lycos.com/mboard/boards.cgi?board=EDIG&read=774845

http://ragingbull.lycos.com/mboard/boards.cgi?board=EDIG&read=774852

http://ragingbull.lycos.com/mboard/boards.cgi?board=EDIG&read=774864

http://ragingbull.lycos.com/mboard/boards.cgi?board=EDIG&read=774887

http://ragingbull.lycos.com/mboard/boards.cgi?board=EDIG&read=774909

http://ragingbull.lycos.com/mboard/boards.cgi?board=EDIG&read=775138

http://ragingbull.lycos.com/mboard/boards.cgi?board=EDIG&read=775811

http://ragingbull.lycos.com/mboard/boards.cgi?board=EDIG&read=774973

Arkie- Been having trouble with your e-mail, Sent you some a really good WW update, if you don't get it, resend your correct address to me!

Edigital's Next Retail Announcement:

After doing careful DD, I think there is an 90% chance that one of the following retailers will be the next brick and morter announced as a retailer for EDIG product:

1) Staples
2) CompUSA
3) Walmart
4) Sam's

I think the above are in order of probability - Most to least out of the 4....

And, likewise, there is a 90% chance that one of these catalogers or e-tailers will be announced:

1) CDW
2)Insight.com
3)Buy.com
4) Egghead.com
5)PcConnection
6)Tigerdirect
7) Computers4sure

I am not sure if a brick and morter retailer will be announced first, or someone from the second list will be announced first, but if/when it happens, I will tell you how I knew ; )

BE HUGE!

Revenue Neutral is a Tax Term:

It means that your Revenue will grow at the same rate as your expenses, making having no affect on the bottom line either way.

This again rears the ugly head of EDIG management. They issue PR's that can be taken 9 ways, then Putnam gives the "slick" when contacted, diverting the attention to revenue growth for the next few quarters, and never answers the question posed.

Even answering mugsD, Putnam mentions 4th Qtr 2003, doesn't say anything about the preceeding quarters, so we can actually be revenue neutral, same loss as this year, when everything is finally said and done.

He only gave us this much, because the temperature was rising on his phone and e-mails.

IMHO, Putnam is a very immoral person.

The Shareholders deserve so much better, I mean, come on... "We will break even when Our Revenues exceed our expenses????" That is up there with, "That depends what "IS"....IS..."

Back up:

http://www.bized.ac.uk/virtual/economy/library/glossary/glossaryqz.htm

Revenue-neutral policies: If the government decide to reduce the level of taxation, they may also want to reduce the level of government expenditure by an equivalent amount. This would mean that the tax cut has no effect on the PSNCR (the level of government borrowing). It is therefore termed a revenue-neutral policy.
- - - - -

Pumaman: Correct me if I am wrong, but no relationship between Real Networks and EDIG has ever been announced officially!!!!

It is not on their partner page, or anywhere for that matter.

There is no reason to have that in their 10K....

I like to think the mentioning of it was something that got overlooked, past the proof readers, as they released their 10K, And a partnership will be announced in the future.

EDIG & REAL NETWORKS PARTNERSHIP!

On page 5. of the EDIG year end report it states:

"4. Leverage strategic and industry relationships - We have established important strategic or industry relationships with a number of industry participants including Lucent, Intel, IBM, SanDisk, Texas Instruments, Microsoft, Sony, DataPlay, Samsung, RealNetworks, Toshiba, Liquid Audio and other music oriented companies. We seek to leverage these relationships to achieve the strategies outlined above by expanding our business and solidifying our position as a technology leader in the field of voice, music and data processing. "

It lists Real Networks as a strategic Partner! I mentioned this in one of my 10K recap posts, but it didn't get much attention.

3 New Toshiba Dataplay sku's!....

Listed on their main homepage in the bottom right hand corner as they flash through their products:

1)Toshiba Handy Viewer
2)Toshiba Internet Player
and 3) Toshiba Mobile Audio Player... Hmmmm... this one is most interesting..

Thank you Murgirl; You always impress Me !

These figures will help a lot in my revenue forecast going forward!!

Thank you!

Murgirl: Could you please give me your estimate of how many Actel units will ship per year with EDIG technology in it? I think your guess, realizing it is a guess, would be much better than mine.

I need it for my revenue model.

TIA,

12/01 Qtr Revenue Forecast:$606,490 EOM.