He did not say the financial picture is stronger today than at any time in the past. You are completely and unequivocally wrong.
He said the situation is "improving" and failed to detail exactly what was improving.
That being said, sales for the period ending 12/31/02 are going to come in higher than the period ending 9/30/02.
Considering sales for the period ending 9/30/02 were $290,000, the lowest quarterly level since the $82,000 in 2001, one would expect an "improvement" if not only because the comparison level is rather low but also the fact that the most recently concluded period included the holiday shopping season.
I see it this way, e.Digital's financial picture was spiralling out of control (costs rising, sales flat, gross margins exceeding negative 100%, etc.). The move into the traditional retail space, while undercapitalized, inexperienced and totally outmatched on a management level, generally precipitated the direction toward the precipice of disaster. It has been averted now that e.Digital has all but abandoned the retail model and "improvements" are to be expected given the "negative" base they are working from.
EDIT:
"Additionally , I know that RP & FF have facts & knowledge ;which you don't have ."
We aren't talking about General Electric here. e.Digital's financial statements and business model is on par with what they might use as a case study for first year finance majors.
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