Robert Loest, no rocket scientist,
but nevertheless an investor who researched the issues, sold his $15 shares for $3 bucks. He sold because as he said, the company failed to market it's technology aggressively enough, and that there were other "software" solutions for the problems of non-standardized codecs and DRM's.
With all of the cyber music excitement lately, you'd think that the old mOS would be THE hot topic; making everything work seamlessly and all. You'd think that they wldn't have to be hustling ODY's from a stand at a music street fair in San Diego. With all the front money from the big time oems that SHOULD be coming in and APL and F-10 and the super secret ongoing design projects involving mOS3 and ?? Maybe booked a larger venue for the SHM than the "big room" on Evening Creek Dr?
The objective fact is that EDIGITAL is an engineering design firm that has gone public based on false assumptions made by amateur investors that it possessed in it's patented technology the Global Standard Rosetta Stone for portable digital music. It should be obvious by now that it doesn't.
