This guy has an incredible background including working at the very highly regarded consulting firm of McKinsey & Company. For someone like this to leave Tatus and choose go to PTSC is a very bullish signal IMO. He clearly expects the company to grow.
If e.Digital were to hire some qualified executive, it would show some crediblity and give them a chance to grown and become profitable, something e.Digital has never stated is even a goal.
They could start immediately by contracting with Tatum for an interim CFO. They also need a qualified CEO as well, but a CFO with turnaround experience could help get the company on the right track.
Since 2000 Sweeney has been a Partner in the San Diego office of Tatum CFO Partners, a national financial services firm that is the largest professional services provider of strategic, financial, and information technology leadership in the country. He has served as CFO of New Visual Corporation, a publicly held development stage company in the telecommunications industry with more than 8,000 shareholders. Sweeney was directly responsible for all SEC filings over the three and one-half years that he held that position. While with Tatum he also served as CFO of Mitchell International, Inc., a 700 person firm that is a leading provider of information software, print publications and total business solutions.