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FF..that person is a world class sucky.. Agora is the real cesspol of misinformation..
FF.. several very large shareholders have threatened edig with aggressive litigation for their fluff, misleading press releases, and hyped up Guidance. The company's silence is not due to Atul's new policies. Atul has been personally responsible for a great many false and misleading press releases until a few months ago. You are correct to assume that if edig had anything to honestly offer enraged shareholders..they would release it. They know that the spectre of litigation is closer to them than ever.
zip..you forgot about the "friendly offshore investors"..
Hh
moxa..thank you...I stand corrected.. Atco should have their own building...And edig should have their building in a more reasonably priced area. They are not ready for such a nice place.
jtdiii..sorry..one more.. the most important. If the issue of the digesystem has not been addressed during the meeting. Try to find out the scope of edig's involvement if any, and put RP's slight of hand to rest on this one..
Mark
jtdiii..thank you for your kind ofer. As of last week, I was still planning to attend, but a new show has been offered to me and I would be a fool for not taking it. I have already started to make a list of questions for the management. Would you please ask them for me. They need to be asked eye to eye to get even a borderline straight answer from them..
1)Why is Fred Falk still employed there? His continued presence is an insult to all shareholders who have stuck around long enough to know the story.
2)Is Helmut Falk Fred Falk's father?
3)Without any positive cash flow, why are they in such an expensive building? Surely their cost cutting endeavors have forgotten this one.
4)Why is PTSC sharing office space with edig? I would hate to think that edig's resources were being channeled "inadvertantly" to ptsc.
5)There has never been an honest answer to this one.. On the company's clients/partners page on their website, there is a list of a whos who in the CE industry. How on earth can they even pretend that they are doing business with Intel, Sony, Samsung, Hitachi, Toshiba and so on and so on with not one single product EVER comming forth from these clients/partners????
6) Please ask Atul why 100% of all his non ife guidance has never ever come to fruition?
7)Also, please ask Atul why they appointed Rene Warden as the independant director replacing the recently departed Ramsaur when it is clear to shareholders that her appointment was clearly to keep the majority of the board votes in house..
8)When I visited with edig last year, both Robert and Atul told me that they were working with another company in India besides Ittiam. This was the company that was not an engineering client like Ittiam.. this new Indian company was an OEM. Please inquire as to the status of this company.
Sorry to flood you with these questions.
HH...Mark
FF...exactly..But now in edig's case most shareholders "friends" and family are even more pizzed. There are no more friends and family who will buy this stock...Soooo the sales of new shares will have to be bought up by new investors, and you will not see them rushing to their brokers with their money in their fists ready to scoop up as many shares that they can afford. This next round of dilution will IMO take a severe toll on the current PPS..(Unless there is any sort of good news to offset it).. BUT... on the other hand, if and when any sort of good news happens, the "friendly investors" will dump millions of shares also keeping the PPS from going up. At the very least, if the company is headed for certain doom, it would be nice to see FF/RP fired... They are already wealthy enough to retire.
FF..exactly..Everyone's losses are beyond the point of recovery.. Yes my posting is to try to effect change..In most any other publically traded company, when the management has failed to produce year after year, they are ousted. When managements new non IFE product guidance is 100% wrong year after year..Stockholders should try to find out why. And when management fails to give the truth..(edig's record of hiding behind NDA's as an excuse for not telling the truth is legendary), they are ousted.For a serious shareholder to continue on the same path with the current management is just suicide. Edig management has had their way with shareholders for sixty or seventy million dollars. Shareholders must regain control over management. We must put the screws to these people..Because...once they have another 100 million shares, their jobs will be secure in their minds for another couple of years.. and that ain't right.
Shareholders.. as the shm meeting comes near..remember how edig management has further insulted you by appointing Rene Warden as the independant director to replace the recently departed Ran Furman. We cannot allow this to happen. She is no way independant of edig management even though she no longer is employed there. She knows of everything that has gone wrong at the company and in my opinion cannot be trusted to execute her duty as a director. Remember that she was one of the three managers who sold shares into the trumped up NASDAQ listing that was illegally announced due to not meeting the minimum requirements. For shure ..there is no way that we can raise enough votes to vote her down...HOWEVER..I believe that a serious letter writing campaign to her might make her change her mind. I believe that it was a similar campaign from some very large shareholders that convinced Ramsaur to step down. A non performing director, or one that shirks their duty to the common shareholder can be held culpable for their inactions or wrong doings. All shareholders who are concerned about this travesty should write her and demand that she withdraw her name or be held accountable for her deeds.
HH
AB..thats the truth..Falk's past statements of great things that never came to pass causing severe financial losses to loyal shareholders, seems to be surpassed only by Atul's 100% failure rate on new non IFE products during his first year at the helm. From his first PR when he took over a year ago, his guidance has never..ever panned out. I asked him how it felt to have his myriad of "opportunities, and EXPECTATIONS " do nothing but make shareholders feel that something real is about to happen with the company, therefore..throwing more good money after bad money. Of course..no reply...
Today is July first..mid 2005.. I just cannot wait to hear what that liarlong has to say about the PPS being at a multi year low..The volume dried up..The prospect of massive dilution right around the corner. Hypsters are far more damaging to honest shareholders than bashers.
ZIP...Sooo true.. It is allowable to voice your opinion or bring up the honest failure of the company here.. But on Agora..
moxa.. when hell freezes over..maybe Atul will come clean then..he is no better than Falk..
Hh
HRH...I'm shakin in my boots..LOLOLOL. To be a basher..you have to make up negetive and false statements about the company or its officers. I never ever lie about statements that I post..Especially about Falk being a moron.
Hh
I sent this to Atul this morning..
Dear Atul,
The other day, I found out that Steve Fergusen is no longer with edig. To shareholders, this is welcome news. However, that is small potatoes. Fred Falk must go. He has failed year after year. He has lied and misled shareholders untold times. His continued presence at edig is disgusting. If Woody Norris promised Helmut that he would keep his moron son employed, send him to PTSC. Fred is next.. Then comes Putnam.. he too has lied and misled shareholders untold times. Finally... there is the matter of the Digesystem. If it turns out that edig is a major player in its development and creation, the silence of the company due to NDA's will be understood and appreciated. However..if it turns out that edig does not play a role in the Digesystem,edig management will be accountable to all shareholders for once again misleading them. I am sure that there is no NDA requiring you you to keep quiet on something that you are not involved with.
FF..how ya doin??? Those questions will never be answered truthfully.But I find truth in your remarks.. I did not know Fergie is gone.. He probably was the scapegoat for Falks ineptness..Or...more than likely, he saw the writing on the wall and blew that pop stand... Falk and Putnam should be next... Keep the pressure up people...
Hh
I sent Shepard Group an e-mail a few weeks back asking if they made a mistake concerning the digesystem..His answer..
Hello Mark:
Apologies for this late response - I have been travelling continuously for the last three weeks and this message of yours didn't find itself to my remote mailbox.
I withdrew the article after Wencor indicated that it was technically incorrect. How ever, on pressing them for clarification, I found myself little the wiser. My plan now is to dig a little deeper and to give a clearer account of what Wencor is up to. This will take time, and I'm going to proceed very carefully, but I hope to have something up on the site in the coming few weeks.
With thanks for your interest,
Brendan Gallagher
wsj..very good..heads on a platter..better than nothing.. Although I would prefer some good news..However..I do not "EXPECT" any. The PPS speaks for itself.
Hh
FF..I sent both Atul and RP an e-mail demanding to know if the silence of the company and the delay of the shm was attributable to their fear that without any news, they will be tarred and feathered when they spring the dilution on the shareholders. I cannot believe that there was no reply.LOL.. Although Daboss and Blooney would blindly accept their plea for more shares to " finance continuing oem business and to buy other companys with....Come on people.. threaten Atul..Falk/Putnam..Make their lives a living hell.
so true...maybe a pattern could be determined and shadow trade with them..AND let the bimbos (both male and female) on agora hold the bag for us ..LOLOL
MH..that is also how I see it. Those shares were "accuumulated" strictly as short fodder. The retracement of more that 50% was a pretty good profit for them. AND I believe that edig condons it as long as they are kept in business by these friendly investors. The whole thing is a scam.. Shareholders need to react very stromgly to this..
Hh
RP feels no guilt..you can be most assured of that..He thinks that he has done no one any wrong.
For all the shareholders that are in an elevated state of denial..With the chicken feed revenues that edig has garnered with IFE over the last few quarters, their burn rate has exceeded their revenues by a million dollars over the last three or four quarters. Where is the money comming from????? Will Falk and Putnam donate the money that they made from the illegal sale of their shares into the NASDAQ listing PR???? More than likely not.. LOL.. How will they continue to pay their salaries??? FURTHER DILUTION..that is how the company stays in business.. Profits are secondary... Shareholders.. You have to press these crooks for change... Falk, Putnam, Fergusen have to go . Atul is a great engineer.. Back to the lab with him.. Why do you think the company is so silent???? Now they are seriously afraid of facing shareholders... Why did they delay the ASHM for seven months???? They are desperately hoping for anything to happen so they will not incur the wrath of shareholders that have been behind them for years. They are low class pieces of dung..no more no less..
Before you start your day, be sure to e-mail edig and let them know how happy you are with their performance and honesty to their shareholders. A few compliments go a long way. That way...they will surely know how much their hard work and high ethical standards are appreciated by all. Or...tell them the truth.. And threaten them..LOL
Arkie..I believe that no more than 20 million shares are controled by the company and the "friendly investors" that leave about 150 million shares controlled by common shareholders. The problem is that they are apathetic.. thinking that their money is gone or their vote will not help.
FF.. Shareholders need to join forces and force them to tell the truth. The chances of a strong NDA in place is remote at best. With their continued silence, Atul and company are trying to buy as much time as they can. Be assured that there will be major dilution on the proxy... That will be the only reason the SHM will take place. House cleaning is of major importance. Atul is not presidential material.. Hell..you cannot even understand him when you talk to him. We need to get a real prez..we need to have honesty from management..So you know who else has to go...
This is so disgusting..
HH
WSJ..they truly are in denial..
WSJ..its probably too late..IT IS TIME FOR SHAREHOLDERS TO PUSH BACK HARD..DO NOT LET MANAGEMENT TREAT US LIKE DUNG.
FF..all shareholders need to put the hurt on Atul and Putnam to come clean with investors.. They hide behind non existing NDA's.. Fusion is more than likely dead.. How long can they keep the BS going?? Shareholders were being played for fools while they collect their paychecks. People.. Putnam is laughing at you BIG TIME..
ff..SO TRUE..THE DONI'S that provide endless babble as to what is NOT happening will be in perpetual denial. Shareholders need to make Putnam's life a living hell. IMO..the odds of edig pulling off a great deal are pretty small.. although..I would love for them to pull something off.. I can honestly say that Atul, RP. and Falk have fleeced shareholders till there is nothing left to give.
jtdii..the question you posed on Agora is also of serious concern to me.There are always people "in the know" that would have been accumulating shares over the last few weeks. The recent price action and anemic volume clearly indicates no such thing. Those on the other board compile lists of posters for whatever reasons to try to keep themselves from denial.There is no news..None..there has not been a new airline for months.. Further massive dilution is now IMO 100% a reality.
The dilution..for sure.. the rest of my statements are based solely on managements past actions when failure to produce gets you their silence and as well as the guidance statements getting more vague and with less and less of the feel good words in the text. Edig is falling on their face and want shareholders once again to lift them up with another injection of seed money. Management as it currently is, surely has to go. Get a real president in there... a real board of directors, and put Atul back in the lab where he belongs.
JW..as much as I would like to agree with you on the PPS..I side with Fred... Edig's silence is for a reason..They have nothing to say. Edig management is incurring the wrath of shareholders big time right now. They are desparately hoping to sell something...anything before the unjustly delayed ASHM when they announce to the world that they are so inept, that they have to print millions of new shares in order to pay their worthless salaries. IMO..this is why the PPS stagnates...I mean falls ever lower and lower with each passing week... Things happen for a reason..
And poor Daboss is left there to post two year old rehashed failed press releases by himself. I sure hope more and more shareholders finally see that FF/RP/Atul have been wrong 100% of the time on their non IFE guidance and send Atul back to engineering where he belonga and FF/RP/ woody norris boyz a one way ticket to the unemployment line. Shareholders must put pressure on the independant BOD.. That will be difficult because Warden is not independant.. Shareholders have to take control of the circus that has become edig..
my reply to his was:
Robert..thanks for the reply..First..I gotta tell you that the order from Wencor is chicken feed.. The margins garnered from that only significant announced order from them in months will not even pay the salary of worthless Fred Falk. Second.. your guidance is nothing but a joke. For years all new business that has been alluded to by the companys guidance statements (other than APS.and edig had nothing to do with the sales of the Digeplayer) has never ever come to fruition. Your statements have A 100% FAILURE RATE. Shareholders consider your guidance suspect...period. All past statements of failed guidance are quietly swept under the carpet only to be replaced by guidance that talks nothing of past statements. Your chronic use of the word EXPECT is the only way that you talk to shareholders. Your constant referral to "OUR OEMS" is also a joke.. Robert.. where are the OEMS that you have been talking about for the last few years? How about trying to give shareholders a PR without the word EXPECT in it.
I sent RP an e-mail asking him if everybody there is dead...LOL
Thank you for your e-mail, Mark. We are making good business progress working with customers on versions of our proprietary video/audio technology platform for a variety of product applications. The May 3, 2005 press release provided information and guidance regarding e.Digital:
http://www.edigital.com/newsDetail.php?id=89
Also, we announced another IFE order from APS/Wencor on May 17, 2005 and provided further guidance.
http://www.edigital.com/newsDetail.pho?id=90
We expect to release more information on business and technology developments this month and at the shareholders meeting this summer. Please call me at your convenience on my direct line at 858.679.3168 if you would like to discuss questions and concerns you may have about the company.
Best regards,
Robert Putnam
Sr. Vice President
e.Digital Corporation
13114 Evening Creek Drive South
San Diego, CA 92128
http://www.edigital.com
Tel: 858.679.3168
Fax: 858.486.3922
E-mail: rputnam@edigital.com
ZIP..thats because trying to defend edig is an impossible task
Take your head out of the hole..and just maybe.. you will see that the PPS is there for a reason. See my friend Rockers post on Atomic Bobs board.. More should be like him... You are merely a sheep and you cannot be faulted for it..LOL
FF..acording to Falk..the Musical player was supposed to be the first of many devices that Musical was to market under different brand names..you know where that one went...LOL..I too shared the euphoria of the times..A bit naive.. NOT NO MORE..
Hh
Yeah they did.. I saw the player in Circuit City.. RP even told me how small the order was..I do not remember..it was quite small..
Hey Fred..there were actually three.. B&O, Musical for about three months with a paultry number of players, and Gateway..who pulled the product off the shelves after a couple of months. The grand total of these three oems royalties did not even come close to even pay for the development costs..let alone the undeserved salaries of an inept management.