JimC1997,
Yes, just like you were confident last March 02 when you posted the message below, predicting more good things to come over the next few weeks (~April 02). Let's look at some of your predictions from last March: Dataplay (no), bundling with IBM/Gateway (no), Retailers like Radioshack and Best Buy (no), $30M in revenues within next 4 qrts (no and haha - that's funny), shareprice to rise (no). I guess you're predictions weren't very good. Note that I'm just listing one of your "hype" emails, which you cleverly disguise.
I think you're full of yourself and if most of your "worshippers" on this board would go back and read some of your predictions, I think they'd view you in a very different way. In addition, I don' think you're as successful as you boast, because if you were, you wouldn't be spending so much time on penny stock message boards acting like a big shot.
I guess if you continue to post your predictions, month after month, maybe every once in awhile, you'll be right, and your "worshippers" will continue to serve your overblown and definitely overrated ego.
For the record, I've held EDIG for the last two years, and am not a basher. I've just been lurking for two years and am tired of your "ego and hype".
ND
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Message from JimC - March 2002
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Good news to continue from EDIG
Over the next few weeks we can expect a number of very positive developments to be announced by e.Digital.
Among the most likely events:
1. Approval of the share registration filing by the SEC, with an immediate sale of 5 to 10 million shares to a single large entity. This will raise $5 to $10 million initially which will be used to repay debt and finance a rapid expansion of e.Digital's retail presence.
2. Official launch of DataPlay media with widespread and very heavy public relations efforts sponsored by DataPlay's primary equity investors (especially the record labels) and its partners.
3. Additional retail distribution agreements for EDIG. Primary candidates are Best Buy, RadioShack and Circuit City. I believe that the Renegade (manufactured by Maycom as the MP-50) will see widespread availability at one of these three retailers in the near future.
4. A PC/EDIG digital audio player bundling agreement. IBM and Gateway seem to be the most likely prospects here.
5. Production initiated on the Fujitsu Ten Eclipse infotainment systems which will trigger a rapidly growing revenue stream for the company.
6. DataPlay OEMs using e.Digital technology and reference designs will begin shipping to retail outlets.
As these developments occur the share price is likely to rise and this will enable EDIG to raise even more cash from the shares now being registered. These funds will finance addition inventory for retail distribution and cover all operating expenses for the next couple of years.
As Jim Collier pointed out in his recent conference call, all EDIG products enjoy positive operating margins "at or above the industry average." As sales ramp up this will insure substantial cash flow back to the company.
Jim Collier's business plan calls for the company to reach the point at which operating earnings cover all cash expenditures by the end of this year, thereby eliminating the need for additional equity placements.
Since operating expenses are now about $500,000 per month and industry gross margins are about 17%, that suggests that sales revenues will be running at an annual rate of at least $30 million within four quarters.
Given the current size of Fujitsu's automotive business and the prior ramp-up success of Creative's Nomad it would seem likely that e.Digital could easily achieve that goal.
JimC
