EdgeTech International, Inc. (EGIL)

[palmtree151]

In other news... Datawind are supposed to be releasing the PocketSurfer 2 in the UK in early September and are taking orders now. They also have a site for Germany. Both can be accessed through http://www.datawind.com/

This model has wireless built-in (so it doesn't need your cell phone to get connected) and the price of £179.99 includes 20 hours a month of access for the first year. That's a pretty good deal compared to devices like the iPhone which - in addition to a high initial cost - incur roughly $80 a month in total charges from AT&T on the lowest plan. Functionality is good - for example, they support IM clients like Yahoo!, which the iPhone currently does not (iPhone doesn't support Flash), but there is no option to use Wi-Fi which is how I use my iPhone most of the time (office and home). There are still things I'd bitch about with it, but overall it looks pretty good on paper and they seem to be serious about launching it.

Not sure I understand why the rest of the world (including Datawind's home country of Canada) still get the old model. Perhaps something to do with their contract with EGIL?

I don't know whether that makes anyone feel better or worse about EGIL. Investors certainly weren't idiots because this shows there was a viable product that EGIL could have built a business on had they been more interested in doing that than operating a pump-and-dump scheme. Parnas and his buddies short-changed themselves with their dishonesty. They could have made a lot more money by doing it the right way and investors would have benefited accordingly.