e.Digital Corporation (fka EDIG)

[richardosborne]

Cass.....When I say fair, it's in relation to the past several quarters, which were all negative.

I said, if things go as stated, and perhaps we see some additional orders in progress, we may start with a breakeven quarter, then a .01, then .02 and then maybe an .03.

Doesn't sound like much, but given the history, it would be a great start. And taking a middle of the road PE, say 30, we would calculate a pps of .30, .60, .90, but would trade higher based on growth potential.

Now, I'm not saying this is my projection, but the price by next fiscal year end may be in the range of .75 - 2.00, very conceivable as the whole market begins to turn around and the economy shows some continued improvement.

It's a function of the current products they plan to market. If the market is receptive to the new products, then the growth potential is there, they must then manage the costs to achieve some positive goals.

The following year is where the growth would be expected based on repeat orders. And perhaps some additional products. This is an optimistic scenario, but 2005 could see the above numbers increase by a factor of 2-5 without difficulty.