Replies to post #53715 on e.Digital Corporation (fka EDIG)

[hollywoodhills]

Blackdog...you got that right...I am so sick and tired of feel good meetings..(except for last year)..I do not know what is going to happen..All I know is that edig management has had a multi year history of little or no results. That is why volume leading up to the shm was pathetic...Everybody knew that it was going to be the same old same old.

HH

[johny dangerously]

Blackdog6,

This is a good day for those who think results are coming. I personally believe we have seen some already. The Gateway clone was a major accomplishment for this company. Some may not see it now, but I believe that in the future it will go down as one of the deals that turned EDIG around. There are those who may argue that it doesn't lend much credibility to EDIG(because an Asian OEM sucured the deal). That's not true. It's success will give other large companies the comfort level they need to get on board.

Of course their are other important deals. Mentioning them would be redundant.

[owd3]

I think what is probably going to hurt the most is no follow through on the representation that the latest "financing" was to close an OEM. Even thought the official SEC filings clearly stated that the monies were going for day-to-day operations of the company, many fell for the suggestion the financing was going to land a big fish.

If one were to understand that this company has a working capital deficit of a couple million dollars, the thought that the latest financing would make a difference to an big name OEM is laughable.

I think the fact that they had to back peddle from using the money "to land" a specific OEM to their new line of "we needed to show OEM's we are a viable company" probably will have the biggest impact of anything said during the meeting.

With this shift, the lousy financing, and more shares about to land, I think it is more than clear there is no big revenue stream in the pipeline.

EDIG did give a hint to that effect in the last 10-K when they stated that even with all current relationships in place, and clearly GW was one at that point, they felt they would still need to raise money to cover their operating cost and repay debt for most of next year.

[chiselweed]

just read the shm summary,, a little trouble w/ the statement need more funding to aquire big deals.