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Re: None

Friday, 05/25/2001 8:56:23 AM

Friday, May 25, 2001 8:56:23 AM

Post# of 93821
Nekos chats w/Putnam:
http://ragingbull.lycos.com/mboard/boards.cgi?board=EDIG&read=684582

Spoke with RP last night:

After being a shareholder for over 2 years, I felt now was a good time to talk with Robert for the first time. We spoke for about a half hour, and here is what I've gotten from him that I haven't seen posted by other people:

The board of directors is still intact. If there was a change, there would be a PR about it. He mentioned on his own that this would include strengthening the board with new memebers. Don't read into this, I felt it was a throw away comment.

The CFO is still working for EDIG.

During our discussion he mentioned Jukeboxes being in retail distribution channels. So I asked him point blank, "so this means that I can buy an E.digital jukebox player this quarter on a retail shelf." After a pregnant pause he said "NO". It could happen, but he wouldn't commit to it. My take is that "retail distribution channels" means in warehouses somewhere. I don't doubt that there will be players on store shelves, but I wouldn't hold my breath for this quarter.

I asked him about the burn rate and he stated 250G to 300G per month. So I stated to him that after 6, 7 or 8 months out that EDIG wouldn't have to ask for more financing and dilute more shares. His comment was, "We don't want to do that". Take that for what it's worth.

The rest of convewrsation was general stuff that all have heard before.

The reason why I called was because when I talk to other sharehoders on the phone after they tald to RP, I ask them "what about this and what about that". I tried to pinpoint different scenarios with RP, and he had some difficuslty in answering these questions...but did answer them. Your questions to him have to implicit and direct, and please ask for clarification when you don't understand something, or a statement like "retail distribution channels" which can mean so many things. Be prepared to ask..."So this means..." and you'll get a lot more insight. He's very strong on EDIG's future, but my discussion with him is a little different from what others posted on the board.

All FWIW



Always tell the truth. Then you'll never have to remember what you said the last time.

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