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bold or not, buying is what makes a stock go up.
I too have been a buyer in this range, not worried if I got it a penny cheaper than the day prior.
Looking forward to improved numbers this quarter over last and news of something happening on one of 4 fronts.
1)ECLIPSE
2)WIRELESS
3)ODYSSEY 1000 OEMs
4)IFE (In Flight Entertainment)
"All of the past hype has been proven false."
I beg to differ. The company has a VIABLE product in the HDD MP3 markets which is based on proprietary technology. These markets are just now getting the recognition that was anticipated 3 years ago, as witnessed by Apple's jump into this market. EDIG's vision was early to the game, yet despite the worst bear market in over a decade, EDIG has survived and is embarking not only in the HDD player market but in several new ventures as well.
The stock market is a forward looking instrument.
Your hindsight, together with your complete disregard for the RIAA's digital wars, which halted and redefined development of those markets, is laughable. To make what transpired merely an EDIG problem is just another one of your techniques to paint this company in a negative light. Granted anticipated growth of the business has been delayed but the technology which you claim has no merit is being incorporated into new products and licensed by notable 3rd parties such as Bang & Olufsen, Hewlett PAckard and Digitalway, and is also being incorporated into the IFE and ECLIPSE product lines as well.
Ignoring the economic pressures that caused the likes of INTEL to exit the consumer electronics markets is your attempt to further discount this company. Economic pressure came to bear and EDIG suffered, no doubt, but not as a result of the lack of potential of the targeted markets or the company's technology.
While you will dig your heels into the ground utilizing the hingsight of a bear market, the company is looking forward, because that is where past failures are corrected.
Should EDIG continue improving its top line revenue stream overlayed on a very lean overhead structure, and stay focused on profitability, value will be created for shareholders.
No one knows if any of these product lines will be successful, but should any one, or all, find their niche, this company will be a turnaround candidate, especially from this level near the 3 year low.
even MORE amazing that they reduced overhead while expecting improvement this quarter over last quarter on the top line.
if they can pull this off, generating more revenues with less people, maybe they are on to something here.
as for Bryan Jones, he was a Collier addition, and that is old news for those who like to harp on past problems.
since the annual meeting in November this company has been on a new course, one of higher revenues on top of lower overhead.
at 20 CENTS, this stock is trading at 1999 levels with real products in the market place and a much more diverse business plan, not just speculation.
expected NEWS should move this to a new trading level. knowing that, everyone is responsible for taking or not taking their positions AT THE LOWS.
acrazjo, I don't think RP's response
has sunk in quite yet, and maybe rightly so, considering past disappointments.
However, in business, things can change dramatically.
EDIG has always had great aspirations, even in the face of a very untimely and negative business climate which appeared unexpectedly and across the board.
However never have we seen letters of credit or a product in association with a company with the stature of a Hewlett Packard.
This could be the time.
ECLIPSE, WIRELESS, IFE and the Odyssey 1000 offer investors a much more broad and diverse investment.
making a market between .20 and .203 ? something's gotta give.
slow but bid just moved up to .20~~
10:35:24 0.200 10000 OTCBB at Bid
10:20:35 0.205 100 OTCBB at Ask
09:37:23 0.195 100 OTCBB
matt, something as basic as spell check should not be an extra, IMO, nor the # of posts. I don't see how limiting posts entices someone to want to pay for this service. Granted, I don't live on ihub, just am an occasional poster, so I doubt I would buy a service that is so combative right out of the chute.
as for the edig board, that use to be a very civil board, which I thought was created by long term investors to monitor as they saw fit. should anyone have been excluded surely they were free to start their own board with their own parameters, yes ?
matt, you're pretty naive for a board administator. But defending those who pay you to post here vs those who don't makes good economic sense, I guess.
Please post your question here:
#board-504
Thanks.
OT: Why does ihub charge money for # of posts and spell check and private messages when it is free on most other boards ?
Where is the added value ?
Seems most who come here to post about their investment are rather unhappy with the format in its present format.
OT: Why does ihub charge money for # of posts and spell check and private messages when it is free on most other boards ?
Where is the added value ?
Seems most who come here to post about their investment are rather unhappy with the format in its present format.
2nd correction, .215 last-after hours volume
Latest Quote
Last: 0.215
Close: 0.210
High: 0.215
Low: 0.190
Open: 0.190
Change: +0.02
Volume: 643,400
correction, more volume:Last: 0.210
Close: 0.210
High: 0.215
Low: 0.190
Open: 0.190
Change: +0.02
Volume: 605,700
Closed at the high for the day, Volume: 556,200
cassandra, I understand what he is saying, why don't you ?
too busy spinning that bubble talk ?
the opportunity to buy low is upon us, without the hype or momo pscyhe working us, while we have knowlege of coming products.
what's so hard about that ?
as for the bubble, edigital is not a dot com and if they can demonstrate products that generate revs for this company then the stock price will likely move up.
YES ! maybe these ipod killer reviews are attracting some attention.
Still think that these prices are extremely undervalued in light of success in any one of EDIG's pending markets.
Glad to see the market is beginning to recognize that too.
Merger Talks Surface in Music Industry
Mon May 12, 2003 10:22 AM ET
By Merissa Marr
LONDON (Reuters) - The familiar tune of deal-making swept through the music business on Monday as it emerged that AOL Time Warner Inc. and Germany's Bertelsmann have been exploring a music merger in yet another attempt to match two music companies.
Facing sliding sales and rampant piracy in the battered sector, AOL Time Warner and Bertelsmann have been examining a merger of their recorded music divisions that would bring together artists ranging from pop queen Madonna to Latin rockers Santana, sources familiar with the situation said.
However, several sources cautioned the talks were just one of a number of discussions taking place as the world's top five music companies scramble for a solution to the industry's woes.
"You have five music companies and more than 25 possibilities. Nevertheless I would expect to see at least one deal this year," said one banker familiar with the situation.
Most of the world's five music majors have been exploring mergers or outright sales in recent months, as the combination of cash-strapped parent companies and tumbling music sales put pressure on music companies to do something fast.
Both media giant AOL Time Warner -- itself formed through a merger in January 2001 -- and German media group Bertelsmann AG have made no bones about their need to shed assets to cut huge debt piles. However, both are seen to have bought some time by selling other assets.
Sources said AOL Time Warner is already in advanced talks with three potential suitors for its CD/DVD manufacturing business, which is expected to raise around $1.0 billion. The company has also fielded interest in its music publishing unit.
However, one source said the sale of recorded music was not foremost in AOL's mind right now.
Warner Music declined to comment. AOL Time Warner was not immediately available to comment.
PRESSURE ON EMI
News of the latest talks cast gloom over Britain's EMI Group , the world's third-biggest music company, which has lately been in separate talks with both Bertelsmann and AOL.
EMI shares fell five percent on concerns it could be left out in the next round of mergers. However, by 1330 GMT its stock had recovered to trade 0.6 percent down at 125-3/4 pence, while AOL Time Warner shares were 0.3 percent down at $12.98.
"A merger involving EMI would likely be a positive for the stock, but the merging of two competitors would leave EMI stranded," Lehman Brothers said in a research note.
Initially reported in the Wall Street Journal, the AOL/ Bertelsmann talks have involved top management, though the paper said key issues such as valuation and control remain outstanding. Bertelsmann declined to comment on the report.
"Lots of talks are going on throughout the music industry but we do not comment on speculation," said a spokesman.
Warner Music ranks number four in the world with artists including Linkin Park, while Bertelsmann's BMG ranks five with a roster including the Elvis Presley catalog. A combination would rival industry giant Universal Music in the U.S. market.
Both AOL Time Warner and Bertelsmann separately came close to merging their music businesses with EMI three years ago, but were confounded by European regulators uncomfortable with the world's five biggest music companies shrinking to four.
However, recent rulings have led some to believe that regulators could be more open to a deal among the big five now.
While rumors have focused on EMI, Warner and BMG, the world's biggest music company Universal Music also recently held talks with Apple Computer Inc.. But sources close to the groups say those talks have since cooled. (Additional reporting by Jeffrey Goldfarb, Reshma Kapadia, Derek Caney and Daniel Sorid in New York)
"Based on expected increasing Odyssey 1000 sales as well as revenue derived from the Eclipse by Fujitsu Ten automotive stereo project, IFE systems, and other OEM projects and products, we expect revenues to significantly increase in the following quarter (fiscal Q1 2004)."
Just bought more at .155.
I think this ECLIPSE deal could be fruitful. ECLIPSE/Fujitsu-Ten will be primarily responsible for marketing this product and since they are expanding into the Good Guys retailers(they are, aren't they ?) and have already existing retail outlets, I like this entry point.
And there is a mention of sales anticipated to double off the original order, oui ?
Nice to see the licensing of EDIG technology continuing to happen. Looks like they are executing the business plan. And with the ECLIPSE due out this summer too, it looks like better days ahead.
And this feature is cool.
OPTIONAL ACCESSORIES
Car / cradle charger
sricket, I think that otcbb stocks are mostly held by mom and pop investors and, as a result, are more easily manipulated by day traders, as they play with the emotions of investors in chat rooms while making unsubstantiated misrepresentations. Those claims are a lot easier to make against otcbbs and most investors are not sophisticated enough to sometimes differentiate between the two, whereas if those claims were made against a big board company there would be an accounting.
Big board issues also have big institutional positions and are not usually subject to this type of manipulation. At least, that would be my guess. Also, since many otcbbs disappear without a trace, this is a haven for those who prey on honest investors who are hoping to find the mother load.
Also, big board stocks have the means to bring legal action against this type of manipulation while most otcbb companies don't have the means to pursue it.
I would guess that several of our more long term bashing churners are hired guns for day trading firms who have off shore capabilities. They certainly seem to know enough about it. Or maybe they are just individual day traders who utilize the same tactics. Organized crime perhaps ?
Otherwise, I don't get the 24/7 dedication.
today's share price is not unlike '99.
although the market environment is very different, the market still loves the underdog story. HP, Fujitsu-Ten, etc, making waves, can start a significant rally from this price point.
Any body have a reason to leave at 3 nickles ?
You can get a nice position at these prices with a known down side and a "who knows" upside.
and the bear may be waning as the market is moving back up.
Is it over ? No idea, but liking the odds as spring and summer get closer.
cas, at one time the market said its value was $3 billion, what's your point ?
My entire argument is based on the company moving forward in its most recently announced projects, which do not factor into the previous quarter's results...or barely, to this point.
cas, the market is not an exact science, and although the basic laws of economics ring true, stocks go up and down for a variety of reasons, many which defy those laws.
I guess those interested in the company's prospects remain.
After all, this is an otcbb stock.
Do you spend any time following more established companies in dire straits or is picking on this otcbb your life's ambition ?
Your efforts do nothing to enhance the investment of many hard working people. When do you rest, when all investor value is gone ?
Sleep well.
cas, Allan Greenspan knows about as much about what tomorrow brings as the rest of us.
EDIG went to the 20's not based on its share count but on news of business opportunities appearing to be gelling.
The shares outstanding vs those trading are vastly different.
It won't likely hit 24 anytime soon, but your anticipated dilution won't hold it back should these projects hit pay dirt.
There are lots of different business models with a wide variety of shares outstanding, many of which are losing their asses in this market.
If business prospects get REAL, your point it moot.
cas, EDIG is greatly undervalued if these projects take off.
As such, I welcome a drop in share price short term so I can pick more up from whomever is shorting, as I think it will be nothing more than a market gyration...heck, we only have 15 cents on the down side and I don't see this company disappearing in the short term. The doors at EDIG remain open.
A good PR from Hewlett Packard or any other partner could send this back to a buck in short order, you never know.
Too many worthwhile projects in the fire, any of which could make this a great turn around candidate.
cas, I say, let the market tell us if they think its significant or not. While I don't want to see dilution anymore than any other share holder, it is the cost of doing business in this environment.
If it keeps them afloat long enough to see these projects move forward, then so be it. IFE, Eclipse, wireless and MP3 players may be well worth waiting for.
So far the dropping stock price has been in light volume, dollar wise and number wise.
cas, that's a bit of exaggeration, don't you think ?
massive dilution ? what constitutes massive dilution ?
I see your posts on RB and you have an agenda. How many other companies of the thousands of publically traded companies today have recently issued shares or will soon ? This is a legitimate method at raising capital.
I find your methods less than honest. EDIG disclosed their plans in legal fashion. You didn't uncover anything that wasn't a matter of public record.
And you continue to repeat yourself while EDIG is making efforts to control costs and ween themselves from having issue more shares.
1eye, based on your criteria,
you just realized it is time to exit ?
Seems suspect.
Markets value stocks and rigid models have missed some big moves when perspectives change due to new developments, and e.Digital is a company that could have a development or two hit.
So long but you might want to review the webcast one more time.
Belaboring the cancellation of a conference speaking engagement is not a significant business development and hardly warrants further discussion, let alone an announcement to shareholders, IMO.
250 companies went bankrupt last year,
according to CNBC...
EDIG was not among this group.
Cutting overhead while expanding markets may just be the right stuff to coming back when the economy begins its long awaited recovery.
Such technical analysis from half penny swings leaves one to believe your technical analysis is greatly lacking.
I wonder why they allow this on this thread while real investors in this company are banned.
Aren't you the guy whose T/A missed all the upside movement in 1999 and 2000 ? That was kind of a lot to miss, wouldn't you say ?
I'd like to see your misguided T/A from that period in EDIG history.
Looks like they sold out that last re-order of Odyssey 1000s already.
Agoura reports another shipment due this week.
I see the next Odyssey 1000 shipment is due next week.
You have drawn an inaccurate conclusion, but since it has a negative slant, it does not surprise me.
There are a lot of investors who have bought this stock all over the map, at different times and for various reasons.
I for one would appreciate if those who constantly repost a negative perspective would back off.
I think by definition, penny stocks have weak financials. That is universally understood.
Before business plans develop and take off there are inherent risks which come with the territory of any company in this stage of development(which is waiting for the markets and products to find eachother). Constant speculation as to pending bankruptcy and SEC/accounting violations (which never happened) do nothing but to help erode the PPS, imo.
If the bashers are right, this is a penny stock investment gone bad. Most penny stocks probably don't make it, so bashers are really going out on a limb bashing a penny stock.
BUT, if they are wrong, this is a big chance to own a piece of a company with a big future at a very low price. I think most understand those risks and do not require the constant reminder that there is risk in this investment.
And I don't accept the argument that investors were victimized by other posters. Anyone who stepped up to the plate in double digits on the way up were attracted by the momentum and were trying to "get in on the action".
When Collier projected profitability based on the success of entering retail, we found that profitability was not that far off, based on his projections. Now with the remodeling over the past 5 months of the business plan, we could be again looking at turning the corner to profitability. Certainly that depends on a successful acceptance of the Odyssey line as well as Eclipse and IFE gaining traction, but these all seem like reasonable possibilities, especially in light of the manufacturing costs being addressed via the letters of credit coupled with a 40%lower overhead.
Frankly, I see the possibility for success better now than ever before considering how the Eclipse and IFE products are about to come online at the same time as the Odyssey 1000 is going to market. Although I have no idea, this bear market can't last forever.
At .16/share, positions are more easily established.
As for risk/reward, we all know very well this is no slam dunk but I am willing to continue to take the risk.
To those who get off on being negative, this investor asks that you go find something better to do with your time. I am fully aware of what I have to lose and prefer to discuss the upside potential.
The downside risk is quite evident, but it is the upside potential which keeps investors just that, investors.
you've got to be kidding, sell the penny uptick ? this is a chance to own something then hope it grows.
the webcast should give investors a little bit more information adding to the already existing info on the Odyssey 1000, IFE, Eclipse and wireless.
lots happening IMO. very willing to be patient as long as I see the patents involved in new products.
maybe some Hewlett Packard news ? Let's hope so for all the long term investors.
jtdiii- oh yes you have.
You pester a noted poster and long time shareholder in a very accusatory tone about some phony claim, THEN think to call the company ?
I think you owe shareholders an apology for helping to add to the disruption of investor confidence based on unproven accusations instigated by KNOWN bashers.
Tommeeek, funny how bashers spend all their time linking posts with rumors yet a simple phone call to the company answered the question.
How they like to stir things up and turn shareholder against shareholder. I hope most don't fall for this, but it is apparent that some do.
Matt, just checking in to find I'm still in jail. When does the parole board meet for this infraction of which I have no idea ???
Let's negotiate a deal. I have no idea what I did to deserve this but am willing to undo whatever. I don't post frequently and do not dedicate my life here but just discovered my incarceration.