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ANYONE, it has been my contention that 80% of the problems EDig has faced over the years have been beyond their control..Does anyone on this board think management deliberately set out to have the O1K air delivered 5 days before Christmas??? Anyone would have to assume problems arose, not anticipated, by EDig....perhaps reluctance on Digital Way's part...who knows....
Since I happen to be a believer as you all know, I think the glass is half full and this letter may not be of much credience or significance to some of you....the same old thing...blah...blah....but as long as the doors stay open and the NEWS is positive and ongoing then I will be content to wait longer...
Boy, who was it just a few minutes ago that said, "I expect a letter from the President today""...Congrats....
CDR, SINKMAN, You are both right and I think a solution can be found to EDig's sales problems....I feel EDig should go to IBM, Samsung and any other company of means who are aware of our technological expertises and sell the rights to our products for at LEAST $2.00 profit per unit....So now IBM and Samsung can compete with the IPOD, wipe that product out since ours is a better product and EDig can get.....ah.... poorer as time goes on...
CDR, FF was hired as "salesman" par excellant....He had been in sales and had success with technology companies. He was the "contact" Woody wanted and needed and he did provide the Samsung connection and the Lanier connection. If you recall he was the "sales manager" before becoming CEO and was only named to that position due to his successes. When Woody left he moved up. I believe he is still the "best" salesman EDig has but IMO is facing a huge uphill battle. In a good economy, with sufficient resources, we most likely would be singing his praises. We have neither...FRank
JimC, Gil, you are absolutely correct and I cannot multiply. I am throughly chastened and stand corrected. You are probably correct about average price if sold all, but I have an understanding that he did not sell all...Frank
Oz, Merry Christmas...We have the technology and the products but there is a lot of competition out there and a very defined road to selling those products. Unfortunately even if EDig had the greatest marketing team ever formed it would still be in the same state it is in today.
We have all learned the brutal nature of retail selling. EDig simply does not have the resources to enter into that market and make a profit on what it sells.
Perhaps we should have rolled the dice, been so confident of our products and how well they would have sold that we should have made any deal with a "Best Buy" etc...just to get on the shelves at a 2% profit with the proviso that we would take back all unsold merchandise at our expense.
NOT
Frank
Gil, if you are saying that Woody is our annonymous benefactor and have knowledge of that fact then I do stand corrected. I am unaware that he is still involved in that manner with EDig. Of course that also supposes he has the funds to be in that position.
If one runs the numbers, being a generous as you can, saying that Woody sold all his 6 million shares at $15 a share and paid 30% taxes that would leave him with about $6.3 million. We know he built a fine home and cared for an ill son with those funds. Again being generous if he were left with $5 million of those funds would he donate $1, $2, $3 million of those funds leaving him much worse off financialy? I do not know that answer but I do know Woody was not wealthy before leaving EDig.
However I do believe you were correct in regards to RP. He was Woody's man for quite a long while but it is my understanding that he is now giving 100% to EDig. Am I incorrect in that assumption? Frank
Gil, with all respect I do not believe Woody "Owns" EDig. If my memory is correct when he left active participation in the management of the company he had 6 million shares or so. (when EDig was selling for a much higher PPS, a rather large sum of which he used some of to build a home and take care of an ill child) My understanding that this is his only connection to EDig at this time. He has provided no new "technology inputs" to EDig, at least none that have been announced and has no formal authority in management. Even if he has most of his 6 million shares left it is certainly a drop in the bucket for any influence in what direction management takes with 150 million shares outstanding. If I am incorrect in my rememberances please correct me.......Thanks, Frank
Professor, Just a note as to how to IGNORE on IHUB. Incase you are unaware, which I highly doubt, all you have to do is open up the message, click on the name of the highlighted poster,(NOT THE MESSAGE) when his BIO comes up you just scroll down to lower left hand side of the page where ADD FILTER is highlighted. Click it and violla he's gonzo...I haven't seen the esteemed Wm Wally in weeks....My life is definitely more pleasant...Frank
SSI, You penned the first positive piece about RP I have seen in a long while....Perhaps we are the only two with the same feeling but I definitely agree with you. In this market and these business conditions with a falling stock price, customers that back out of projected deals, companies that state they will be to market in 6 months then back track to a year and six months...ETC...All directly affecting EDig and its business plan....I know I would not want to have the job RP has trying to explain to a bunch of angry shareholders why our PPS is .$25, or where our O1K is...etc....
I have no inside information. I only know we have real positive business events to look forward to. (Verified by many respected people on this and other boards) As long as these forward events continue, as long as we have the products that were not in existance last year but above all AS LONG AS THE DOORS STAY OPEN, then I do believe that I, and hopefully all of us, will be "Happy Campers"
Let's face it, if EDig is as bad as quite a few people would have us think then the doors should have closed a long time ago, or be in the process of closing now....THEY ARE STILL OPEN FOR BUSINESS.
Oz, how do you go about doing that on this board??
Tinroad, we have all seen what was created to be discussion board for EDigital turn into a cesspool. (RB) It is my impression that this board has taken more than a few steps towards becoming exactly like that which I, and others, left RB for. Emit, post 17850 summed it up succintly, attempting to instill fear. I am only speaking for myself, asking why the constant, negative, drum beat from the same posters are here? Why the volume of posts are up dramatically? Why those who say they hold no position in the company constantly issue invectives whose only purpose is an attempt to convince others to their way of thinking? I can't say I enjoy it much....
"Time is the great justifier" 100% agreement...but your tone still promotes "selling this dastardly stock". I know my risk. You may be right. However, I will make my decisions for myself, not because I am influenced by your one-sided posts.
To all the "NEGATIVES" NCII/EDIG has been around for 15 years. THE DOORS ARE STILL OPEN, BUSINESS IS STILL BEING DONE...Shall we all compose lists of our favorite "can't miss" companies who now are just topics of conversation....I will start with Data Play, anyone can jump in an add their favorite....
Mr But, You are a perfect example of what I consider "negative tendencies" on this board....I would not have the "balls" to question your "feelings of security and underlying motivations" regarding your ownership of EDig shares. Who are you to do so? Do you know me? Do you know how long I have been a shareholder? Do you know if I am buying or selling or just holding at this moment? Of course you don't. You haven't the foggiest idea of an answer to any question I posed you.
I am positive because I choose to remain a shareholder of EDig. The very minute I decide my investment is a failing venture/risk then by definition I become negative. I think of all other shareholders in the same vein. As long as EDig shares are in their name then they MUST HAVE a positive reason for keeping the status quo.
Mr/MS wallace chose negativism by selling...That's his choice. My choice is to state his negative post was full of holes and was deliberately designed that way to insure all who read it would feel "THE GLASS BEING HALF EMPTY"
My "reconsidering" as you put it, is simply to buy more shares. I hope that cheers you up. To put credence in Mr/Ms wallace post tells me you sorely need a smile or two. I feel "EDig's GLASS IS HALF FULL" and I feel pretty good about it.
Anyone interested....probably not too many....I have been around a long time and mostly like to enjoy the repartee I find on the EDig focused boards. I saw the initial signs as to what the RB board was turning into and it did....A joke....
I am sorry to say I see those first indications here on this board. Negativism abounds and not necessarily constructive negativism. For instance the latest Wm_wallace diatribe....
If an honest person takes an investment risk and it goes south is one's first thought to spend a very long time (and that post required a LONG time to compose) writing a post to a board like this telling all his reason's why he thinks the company is a rather large pile of cow do-do. What is his purpose in doing so? Who is he trying to convince and of what is trying to convince?
Perhaps I am being naive but if I determined I could go no further in what I considered to be a losing investment I would accept my decision in selling, taking my loss and move on. Just why in the heck would I have any further reason to attempt to convert others to my way of thinking and action?
EDig would be in the past. If I come to wm_wallace's conclusion's and take his actions then this board and all the rest of the EDig boards would cease to have any interest to me and would not hear from again.....
A well known jurist (who's name escapes me) once said: "I cannot describe what pornography is but I know it when I see it"
I cannot describe what the difference between constructive critism (thought provoking which I completely approve of) and bashing.....but I sure know bashing when I see it....Frank
wm_wallace...how much lower do you predict EDig to go?? Do you anticipate the doors closing?? Did you sell because you feel this is highest EDig will get to before late December's tax loss selling? In other words if your loss is that great why sell at this point in time? Just curious....
wm_wallace.......whew......!!!!!!!!!!
Jobs, My brand 0f a little positive thought...For what it's worth to you...
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Subject: Where is EDig now? Really........
From sunpoop
PostID 222479 On Saturday, November 09, 2002 (EST) at 2:29:28 PM
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For all of you so-called LONGS with the doom and gloom attitude and expressions of superiority just because you have been around since 1997, 98 or whatever.....Please stop and count your blessings....The glass is still ''HALF FULL''.
My first encounter with Woody Norris was in 1988 when we had lunch and he showed me all his gadgets....I was impressed with the ''mind'' and inquired of my broker about NCII. He got back to me laughing....''Are you kidding''?? Listed somewhere in Canada, hanging on....nothing to show, no products, no revenue or any projects as to how revenue will be forthcoming....''Come on Frank, get off this one''
I bought and have been buying ever since.....True many will question how a reasonably intelligent person could wait 15 years for a stock to be worthwhile....In fact I wholeheartedly agree...Sounds kind of stupid....I think of myself that way on occasions: not too often however for one good reason. Many of you are aware, reading my past posts, that I sold 25,000 shares very close to 20 during the giddy time. I am content to ride out the future with the many, many more shares I have that are all free....
My purpose here is to remind all of you (and by the way I do think ZIzzoo is a basher not to be taken seriously) that NCII/EDig has been around all this time and the DOORS ARE STILL OPEN....BUSINESS IS STILL TRANSPIRING....Where are we? Are we worse off than we were 2 - 3 years ago??? EDig has had its up and downs, mostly sideways for 15 years. Two years ago we had nothing. One or two partners/customers, no national exposure, no products of note. That has all been reversed. All with no ''sugar daddy'' dumping millions into our coffers. We were given an opportunity to hope that our situation would dramatically improve with the hiring of JC and his business plan.. It didn't work out. Not through sound thinking and actions but simply because EDig, with its technological expertise, could not afford, in todays market climate, do what was necessary to achieve its objectives. The retail market is brutal. Many here have given us insights as to how brutal...
Again EDig found itself in a position beyond its control. Call it a bad luck company, or if you prefer Zizzoo and his ilk, call them bozos deliberately trying to screw the shareholders. Whatever anyones attitude is, Edig is still here. How many ''big boys'' with a lot more going for them than EDig are vaporized into the ether???? With a lot more money behind them...Does DataPlay come to mind??
We had our hopes raised and not fulfilled over the past two years. A reality check of the status of the company two years ago and now shows a (IMO) marked improvement. If JC had not gotten us so high up on the ''I'm gonna be rich'' ladder (not his fault IMO) we would feel quite satisfied with our progress...
Should I go thru the list..? Lanier, MXP, O1K, IBM, Samsung, B&O, etc...etc....we all know the drill....
We have products. Those products are being sold in many, many stores, in the USA and the WORLD. Maybe not in the big retail outlets but hell, with their rules could any small company with limited resources do business with them no matter what the product or how good it is??
We have prospects, ongoing. The near future COULD bring us substantial revenure without having the need for massive financing...EDig music, the airline prospect, the O1K, Digitalway, Fujitso....We are securely on the radar screens of many large OEM's that appear to be waiting for market direction and clarification before moving aggressively into their markets. EDig will be part of that...
The business plan has never really been retail. This has been stated over and over thru the years. (Sit back and collect the royalties) Our foray into retail was a ''blip'' with ONE good result: we have national and international recognition for our technology and ability to provide a quality product, technologically advanced at a reasonable price...EDIG DID NOT HAVE THAT TWO YEARS AGO.
So if we all calm down, forget the recent EXPECTATIONS and curtail our disappointment then there is absolutely no denying that this company is in better shape than two years ago.
I hope I have provided some of you food for thought and maybe a realization that we are worse off only in your mind. Hell, even RP, (believeable or not) stated at the SHM that we are not as bad off now as we were a few years ago when the doors ''were very close to being closed''..
Right now we are struggling, we all know that but as long as the doors stay open we have a logical reason to assume we will still have a good investment.
AND I DO NOT SEE ANY INDICATION OF THAT
Frank
Jobs, Nice negative post....The doors are still OPEN...They have been open for 15 years and in worse, much worse conditions this company finds itself in at present. They tried retail and couldn't compete, due soley to financial limitations. And what makes you think that managements sole duty is to PR the shareholders every 10 minutes to keep you happy?
First of all American will NEVER go under....The govt will prop it up....It would be a disaster to the country for this airline to cease operations.........But for a hypothetical scenerio that says it will go BK I sure as sh t hope it DOESN'T buy our IFE, declare BK and we would NEVER get paid...
Still there, EDig has a few irons getting hot....We are not a one product company...
LL, not American....perhaps United eom
does....mean
What in the heck is BWTFDIK mean??
Sorry I screwed up my last post....Still trying to figure out how to move posts around from board to board....But my pictures from the CES, which I WILL post is pretty conclusive...
Rstring, Sentinal, Tenderloin, Lawyerlong, Emit,
Just a little confirmation of your posts (Rstring 16549) (Sentinal 16553, 16549 but especially 16560)
These are pictures I took at the 2002 CES...Notice the Edigial display at the Eclipse booth....Its a little dark since the lighting was poor but I have studied it closely and the Edigital display looks exactly like the picture of the CD5442. The above posts are good reading, thanks for the DD...Frank
If this IS the unit we are in...here's
rwrf.....no special inside knowledge....just the routine of how management operates.....Perhaps "definitely" should be tempered, however I will still stand by my statement...The natives will riot if three weeks or more pass without a "thigh bone" to chew on...Being an astute individual JC will keep us calm...
Ucansee, not to sound like the "last" EDig cheerleader after a losing season, but I think everyone (I have stated the following many times before) is so minutely examining EDig that the sight of the "forest" has been lost. The "trees" are fading and little "sprouts" under the canopy are now being looked at under a microscope...
Certainly EDig is not the company it was even a year ago. Looking at the "forest" tells me tremendous strides have been made by this company. (And that from an INVESTMENT standpoint) Looking at the "little sprouts" we haven't had any "news" for one whole week or so, so I guess all is lost...
Okie, don't be depressed...I shot a 74 at South Torrey yesterday........... quit after 14 holes...Coming the Shareholders meeting this year?? Perhaps we could play a round?
Okie, A serious question for a serious man::: With the price of Edig at $.47 a share what "serious long" would sell out at this time? In my mind I could envision a serious long just losing interest, go fishing, or whatever and consider his investment "poof". For the life of me I do not see that person in at a much higher price, as most "serious longs" are, selling out. First of all you would have to accept a large loss and unless you had a substantial amount of shares to return "serious" money it would seem to me, (at least this would be my plan) to just hold it. (As I did with NCII for 9 years before my ship came in, and it came in big 2 years ago)
I guess what I am trying to say is I see no reason to sell a stock you have already written off and that would return almost nothing to you in a real sense and almost nothing to you in comparison to you original investment.
So I don't see one single "serious long" getting out (unless he needs a few bucks to go fishing. Heck the downside risk is not that great while the upside is limitless...Why not just hang on?
LL, you are absolutely "right on" with your Buffet quote. Good investing is "slothful". EDig "hopefuls" have been around so long that when a week passes without "raw meat" (a press release) from the company we (I included sometimes) feel abandoned and invision our investment floating off into that big "black hole" in the sky.
No news wears on you....We will have something from the company perhaps this week, definitely next and all will be well. The natives will be calm again for another week or so.
Okie, perhaps the next post by D'inkie answers one of your questions....I to am concerned but believe we will reach our stated goals for the 2nd. quarter. I simply cannot believe that a man like Jim Collier, whom we all respect as being extremely well qualified to bring EDig to respectibility would risk the confidence we all have in him by "blowing smoke" at us. He has stated and reaffirmed twice we will reach that goal.... I would expect there might be some "fudging" in there such as, products shipped, products received but the check hasn't arrived yet.. All in all I think EDig is performing well, just not to the expectations we "oldtimmers" have. After all, if I might be redundent, what solid, "hold in your hand on the market" type products did EDig show the world as little as one year or so ago. What business plan were we shown then? A completely different company In my opinion. Frank....
PPS has to be over $5.00 for a month before meeting quals to be eligible I believe..
marc4, what is the url to aapl board?? Tks...
Don Bauder makes his living writing articles like this...He is uniformly perfect with every subject he directs his attention to..Nothing positive ever comes from his pen...There may a bright spot in an article he spews forth, always followed by two negatives disclaiming the positive...He is well known for his style...
Since he chose to spotlight EDig this morning, while unexpected, does give EDigital a certain notoriety, exposure if you will.. and while most of his information is either incorrect, in the past or widely known by all, the simple fact that he took the time to write it has some positive effects, #1. (WE ARE ON A RADAR SCREEN" #2, being his complete lack of preparidness and bias...For most that is enough to create a sense of "Someone not the be taken seriously"
The last few times EDig has appeared in his column have been rather unmeaningful at best...I for one am not concerned about this time either...By Tuesday the attitude towards his bias will be "Don Bauder, WHO"?????
PE? An exercise in futility.....This company is NOT going to be measured on a "classic" PE ratio. Do you honestly think that investors, with millions on the sideline, with knowledge of EDig, waiting for positive results are going sit and wait for a quarterly report before committing?
The minute EDig shows movement due to a sound business profit projection that can be believed we will see a jump in the share price that will carry it far beyond a "PE ratio" of 10 or 20 or even 30. A PE ratio will not matter to those who don't wish to miss the move.
Frank
Nit pic, Nit pic, you always have been a difficult curmudgeon..and a so so golfer also....
There are no short sellers: There are no "Long" EDigers selling:
I have been a broker and an investor for over 30 years. I want someone to tell me who would short a stock selling for $.40 cents? I have taken my chances in past but I never would short a stock with such a small potential on the downside and with the proven ability to wipe me out on the upside. Just one good piece of news could double the price of this stock from this point and there I am pushing a shopping cart looking for a nice doorway to sleep in.
And would someone please tell me what "Long EDigger" who has been around for awhile, endured the slings of outrageous forture, (a nose dive from WHATEVER purchase price) is STILL here because of a belief that this company has a vast amount of verifiable potential, is going to suddenly say after a very promising CC with NO HYPE ATTACHED, (IMO) "OK we are at $.40 cents, SELL!!!!! That man DOES NOT EXIST...Or woman, sorry!!
And what about a BLOW OFF. A CAPITULATION...Time will tell, but in my mind, NO WAY....Simply not enough volume to signal that...EDig has been trading 200,000-800,000 shares in the very recent past. Would you think that 2 million, once, is a Capitulation, a blow off. I don't.
So what are we left with? If you are a conspiracty theorist, you blame the manipulators. (I'm not) I have never met one, never known anyone who has met one and never had a verification from any source that "John Doe, who works for ABC Brokerage Firm, manipulated EDig for his own personal account by nakedly selling EDig at $2.55 on June 28th. 2001. Maybe some of you out there have. I am willing to be persuaded. I have read this board for a long time and am amazed at the intelligence I find here. I am also very impressed with the DD that is presented here, so when I say EDig has fallen into a predictable pattern, for whatever reason, and when any smart daytrader sees he can pick off a nickel or so, with very limited risk and does so, and THIS I have seen many times AND HAVE DONE MYSELF, then THIS is what is happening to EDig.
I am LONG and will be staying that way. I see toooooo much going for us in the near future. (6-12 months) I am putting my money where my mouth is by continuing my purchase of ownership in EDig. This company will make me "stinking rich" of thisI BELIEVE...
Frank