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Anyone besides me think that EDIG may be standing smack dab in the middle of the promised land? LL
Marc - No. Why, do you have some evidence to the contrary?
LL
bosox - LOL - glad I didn't the the GFY reply - option B.
LL
bosox - I guess the pps will ultimately tell us whether this was a good or a bad move, right? LOL. (Also whether I have even a slight clue what I am talking about !!)
Best wishes,
LL
fairly - not rairly (whatever that is - LOL)
bosox - thanks for the report.
This is not the same company you invested in. It, and the way they communicate with their shareholders, has changed rairly dramatically. They will be sharing news with us on their timelines, not ours.
It is clear that this does not sit well with many long term edig investors. Some may not like the way things take place over the near term and may not stay the course as a result.
I disagree with your comment that the PR shows they are trying to develop a business plan. I believe that the information to which we are privy (which is considerable when viewed in toto) is merely the tip of the iceberg and that a well-developed business plan is being put into place. I expect to be both pleased and pleasantly surprised within the next year and expect a very healthy return on my investment in less than 3 years.
Best wishes and thanks again for the report.
LL
mh - ouch!
mh - also agreed on #1, but I am sure EDIG has some ideas about that.
As to #2, how about a zeppelin reunion instead? LOL
Not to beat this dog - oops, sorry BD - make that 'bone' to death, but I think we are seeing a change in how EDIG is going to conduct its affairs. When the natives at GE or IBM get restless the company doesn't issue a press release unless it is something of huge importance. They have to wait, like the general public, for regular releases of information, results, etc. In the sense that EDIG did not operate like that before, in the sense that there were pipelines into the company, in the sense that the responded to many of our emails, EDIG was indeed almost a cult rather than a group of investors.
Collier has stated that he wants this to be a big company, a mid-cap company. To be in that game they have to play by those rules. You have to act the part before you can play the part. I think we are seeing EDIG transform itself internally just as they are trying to transform themselves externally. The rules are changing. I, for one, like both the internal and business plan directions.
Like Wongyal I think investors are going to have to change their respective mindsets or move on. Like Wongyal I believe the company will adopt a more formal approach to sharing information, guidance, warnings, etc. In other words, they are going to act like the company they want to be, not the company they were, and not necessarily the company some of us want them to be.
Just my opinion, but the tea leaves seem to make this pretty clear.
I really like this forum and am grateful to Tin and LGJ for making it happen, and to UCANSEE, cksla, gern, sentinel, marc, etc, etc, for all the great info and hypotheses which are regularly shared here.
LL
rwf - I think I owe you thanks for some nice message you posted on RB last week - hope you saw my response.
LL
LOL - the perfect punctuation mark to our previous discussion. I am cracking up. Too funny.
UCANSEE - nice post as usual. I think perhaps we differ on the day to day responsibilities of the company to its shareholders. As to the shareholders' rights - I think one should do whatever affords one the best nights' sleep.
LL
Edigokie - I have read and respected your posts for some time. I understand exactly how you feel and have those feelings from time to time myself (as any human being would). I got some friend into another stock I own just at the height of the bubble so I know how terrible that is as well.
There is some great information as well as some great speculation provided by some very smart people here and on RB - though much more seriously oriented here (much over my head actually). I think previous EDIG management did investors a disservice by being overly responsive and attentive to their fears and concerns. Perhaps it was necessary - I am sure they thought they were doing the right thing. However, it created some expectations that are out of whack with reality, and those actions were certainly not the hallmark of a successful midcap company - Collier's professed goal.
I think current leadership has moved back on the right track, even though it has created some psychic pain for some who have relied on the "weekly raw meat" (as Sunpoop humorously put it) to keep hope alive. We just have to realign our expectations with the new reality which will, I believe, be better for all in the long run.
Being slothful and lethargic in investing is diffuclt anyway and made more difficult when you have regularly been led to believe that success is imminent. I hope we can readjust, relax, and that we will all be amply and aptly rewarded in the _____ run (fill in the blank).
Best wishes and I hope you and your friends, etc., are all celebrating in Acupulco in a year or two.
LL
Sumpoop - LOL - you said it in a much nicer fashion than did I. If I didn't believe all would be well I wouldn't be here.
LL
talons - this is my last post on this topice, but I disagree. It is not RP's responsibility to answer these questions. In fact, without facts to support any such answers he does us a disservice by responding. I think we were in a situation that created false expectations about the responsibilities of the company to the shareholders. That situation has changed.
Just my opinion.
LL
Edigokie - with all respect
1. Have there been any shelf shares sold since the rather miniscule amount a couple weeks ago? Do you have personal knowledge that there is some trouble with keeping the lights on?
2. Do you have some insight into what the current behind the scenes financial situation is? Whether there is backing or whether it is needed?
3. This is a company that has leaked rumors like a sieve. Collier has said he will let his actions speak for themselves. Personally I would rather have this approach. If they put up the numbers we will be rewarded, if they don't, we won't. I don't believe they are required to advise us of every step they plan to take.
4. Are you aware of more shelf sales than the ones mentioned in 1., above?
This is not meant to be snide. It is unfortunate that investments and companies do not operate on our timetable. We always have the option to sell - in fact, buying or selling are our primary options. The company doesn't owe us much more than to report on the results. It is a shame that a different paradigm was in place earlier.
Buffet says good investing is slothful, almost to the point of lethargy (or perhaps the other way around). You pay your money and wait. If you make a smart decision you will be rewarded. If you don't - you won't.
If I were an attorney (oops, I am) building a circumstantial evidence case for EDIG's success, I see that evidence everywhere I look. Obviously success will not come from every area of endeavor, but it seems inconceivable that it will not come from many such areas. It is difficult to stay between the extremes of hyped up expectations and abject depression, but a moderate path seems to be the one which Buffet suggests investors navigate. The company owes us but quarterly roadsigns to see if we are still on course. We can turn around at any time we choose.
This is just my opinion and I certainly understand your feelings. Best wishes and good luck,
LL
EMIT - great post. LOL
Gern - no Evolution/MTV/EDIG ads, but Guns and Roses instead. Although the article is incorrect in that I believe they have played Las Vegas twice recently as well as un-announced appearances around LA - my take - Buckethead is no Slash and the poor mix made it hard to tell if it was indeed heartstopping. Glad Izzy at least is still with Axl.
Best performances - Springsteen 1 and Pink 2.
OK, back to my classical station.
LL
MH - good one. thanks for the chuckle. LL
bosox - glad I majored in English so I can keep up with the literary perambulations of all you tech guys!
Sent - shared revenues?
Danl - Cake's version is much funnier.
LL
yes turtle - I would so speculate - I think it would be difficult for EDIG to achieve the scenario set for th in their recent CC with out such branding
LL
handy - in addition to the post previously made by bosox/cksla, jim collier specifically addressed this issue in an email which has been posted multiple times on RB denying that backruptcy is a consideration and denying that it has ever been the subject of management discussion (or words to that effect)
LL
emit - April 2000 - fooled me too.
LL
well, I am trying to edit the previous message - didn't see the date till I had posted. Shows my technical abilities. LOL
LL
Stoops - I like that - thanks!!
Stoops - saw that - thanks. Do you know how long that language has been on the page? Is it new? Updated?
TIA
LL
ck - thanks - glad you guys are so smart. This is WAY over my head.
LL
Danl - LOL - good one.
Been playing guitar for 35 years (also banjo, piano, violin, etc., tho not in a while) - owned 17 instruments at once in late 70's). Played in three separate bands - have played with Jerry Jeff Walker, Stevie Ray (for 30 seconds LOL) - spent two hours playing with Rambling Jack Elliot - my biggest thrill.
Have owned eveything ever recorded by Stills and Neil Young, Furay, Messina (Sittin In - great album) - not much on the Wilburys, loved Dylan's last (Charlie Sexton helps a lot).
And, you're right about lawyers! Glad I quit lawyering and kept on playing the guitar.
Best wishes,
LL
emit / ck - does this mean we are out and ibiquity is in vis a vis TI? Thanks.
OT - Tin - MUCH better quote. Though on the merits Dylan has it over The Buffalo Springfield and Stills. LOL
SGE - good post. To paraphrase the great american bard bob dylan "there's something going on, but we don't know what it is, do we, mr. jones?"
LL
Emit - thanks for the post. You do some good thinking.
LL
Sentinel - I agree with you. I am a conservative guy by nature, but have a feeling about this one. Either way it is a win or a WIN for us,
LL
Nice post sentinel - I think that the expectation is that a much more visible partner, or partners, is/are already on board. I believe that is what is driving accumulation and pps. I also believe that collier's vision includes this scenario as well as the one you describe.
I could be way out in left field on this one, of course.
LL
Marc, murgirl, et al.
Re Schwab report. Sorry to all for raising expectations. My memory is not so great, but my intentions were honorable. Here is a link to bimages' recitation of part of the report he was emailed by schwab as part of some Platinum Portfolio thing. Wallstnsider also got one.
http://ragingbull.lycos.com/mboard/boards.cgi?board=EDIG&read=1014621
Other relevant RB messages re this are 1014626, 1014648, and 1014652. I don't know if it is of any import or not. Certainly TruthorFiction had a great time with it.
LL
String
I first learned of EDIG via TI in early 1999. It was this relationship and those with several other big companies that piqued my interest. It will be interesting to see if this comes full circle by virtue of our becoming more closely aligned with TI now.
LL
Tech - I see you whine here as well. Are you smarter than Warren Buffet? This is what he says about an investment style and this is what Doni was offering congratulations about:
Remember what Buffett says - "Lethargy, bordering on sloth should remain the cornerstone of an investment style." In a market like today's it take true vision and belief to do this. The faint of heart and myopic bail out and become bitter whiners, or wannabes, or shoudhavebeens - or techs.
LL
EDIG's newest product.
http://biz.yahoo.com/bw/020722/220196_1.html