Why would a OEM pick up a competitively inferior product? Answer: they won't. Why would a OEM pick up a product six months from being reaching legacy-status? Answer: they won't. Why would DigitalWay OEM the product to sell in Asia and Europe when e.Digital is on the line to them for 5 million in purchase orders? Answer: they won't.
What then is the purpose of the Odyssey1000 you ask?
To extract another $350 from shareholders.
If they can't get you people to buy the stock, they surely can get you to buy their (inferior) products.
After discounting for the cost of goods sold, every sale is $100 in cash to be allocated to salaries.
Considering e.Digital has not marketed the unit to the general public, what percentage of aggregate sales is accountable to shareholders, or friends and family of shareholders? 70%? 80%? 90%?
This company has historically exploited their shareholders to finance the engineering and design hobby of Norris, his children and friends. In the one instance where the company possessed intellectual property that would be in high demand by the public (Jabra Earphone Technology), it mysteriously and clandestinely disappeared from the company's balance sheet. That's right, they quietly divested their, at one time, 100% ownership in Jabra to the point where the corporation received $40,000 on a $40 million dollar purchase price. From 100% to one-tenth of one percent of what became a $40+ million dollar company. Visionaries? Hardly. Thieves? Pending SEC review.
Selling product to shareholders is yet another avenue employed to exploit shareholders. In every instance e.Digital/Norris Communications has attempted to sell product to the general public, the company has hemorrhaged cash.
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"I disagree with everything you say. But I will defend to the death your right to say it." --Voltaire
