HH: Over that past year, e.Digital is down to one paying customer with one product. Even though APS has been the most lucrative customer in the history of the company, I doubt that handling the manufacturing for APS/Wencor alone is going to create the sufficient net revenues to cover operational and financing expenses.
Neither do I expect APS/Wencor to allow such high margins for e.Digital on digeplayers. It's an awful lot to pay for manufacturing oversight. As I've said before, I expect that eventually Wencor will handle manufacturing directly.
Without other sources of revenue, I believe they'll have to do additional financings and increase the number of authorized shares.
FWIW, the 15% unsecured loan of $750,000 plus interest (that has been the been under 3 different forbearance agreements) is due in full tomorrow. It sure would be nice if they'd let shareholders know the status of that.
