e.Digital Corporation (fka EDIG)

[murrayhill]

50+, check yourself out
A year ago, JB's were a real big deal to you.
By: newelong
29 May 2002, 06:03 PM EDT Msg. 981590 of 1126733
(This msg. is a reply to 981532 by longtooth.)
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Longtooth ...

I don`t think e.Digital is quite as "desperate" for cash as you have indicated. If you had listened to the Conference Call on 5-9-02, you would know that Ran Furman was in the process of lining up receiveable financing ... I imagine to conserve those remaining shelf shares until a more opportune time ... sounds reasonable, no ? Also, I noticed in your previous post ...

http://ragingbull.lycos.com/mboard/boards.cgi?board=EDIG&read=981412

... you mentioned A/R`s of $800,000 as 12-31-01, which obviously doesn`t give effect to the two retailers added subsequent to that date ... and with all the re-orders, I`m inclined to believe that receiveables TODAY could be fairly significant, wouldn`t you think ? Additionally, a couple more retailers WILL be announced before the end of June, or weren`t you aware of that ?

Furthermore, I should point out the fact that our own little EDIG is being charged "tier one" prices from its suppliers ... just like the "BIG" guys ... I understand it all stems from those strategic relationships and partnerships we forged ... you know, the ones announced in those "fluffy" PR`s !

Just trying to bring you up to date, that`s all.

BTW, were you lucky enough to get some at $.51, or do you still think it`ll be going lower ?!?

NEWe.LONG