Frank, I suggest you review e.Digital's financial statements.
As JABRA's sales were growing and the implied value of the company increasing (of course the growing success of the company was unknown at the time to outside persons but I have verified the company's historical sales and profit totals with the acquiring company GN Netcom), e.Digital was actively divesting their remaining interest of the company to unnamed parties, and not accounting for the transactions, for pennies of it's future acquisition price.
For example, throughout the calendar year 1997 e.Digital sold 859,299 shares of Jabra for $276,300 (to whom? it is not disclosed!), or $0.32 per share. Three short years later those shares would have been worth over FOUR MILLION DOLLARS plus additional earnout payments totalling up to another four million. Based on Jabra's historical financials, it was around 1997 when the company turned the corner.
Is this what visionaries are made of Frank? e.Digital's management DUMPED, for pennies on the future dollar value, the ONE TECHNOLOGY that proved successful (and remains successful today- one of GN Netcoms best performing divisions).
Part of their divestiture was to finance the ill-conceived ASMD contract-manufacturer and FLASHBACK endeavor. Visionary!
Randy Granovetter left NCII to work at Jabra and Vicki Marion was the CEO of the company.
The accounting for the Jabra ownership and divestment is extremely messy and incomplete.
Frank, did you get a piece of the Jabra action from e.Digital? Did Norris slip a few thousand shares out of the corporation for a couple hundred bucks? It was quite a lucrative investment considering what the company was willing to part with it for and what it was eventually worth a year or two later.
I will happily forward you the document my accountant authored and which we forwarded to the SEC and FASB for review.
I am sorry but I cannot understand people like you. What is your purpose in doing things like this? Don't you have the least little bit of a conscience...If you don't like the company and wish to complain that's one thing, but to make up facts with the sole purpose of sowing seeds of doubt and dissention among those who are invested in EDig is not something my parents brought me up to feel was how to live my life...
What about people like you? People you pontificate from a position of authority when their knowledge of the facts are nonexistent? People who sow the seeds of certainty and optimism when the situtation is as dire as it can be? Frank, how many people have espoused your pollyannish perspective and watched their invested capital erode to virtually nothing?
by a very ambitious group....exhibiting extraordinary talented efforts...ruling for the death of this company....A 24/7 effort ...including....weekends..holidays...year in year out..orchestrated by the same players.
e.Digital is an engineering company with a series of hand held platforms....why would an effort this flamboyant..that we are all witness to....be so aggressive ?
It's not normal....other companies do not get this treatment...why e.Digital ? What would e.Digital have that they want stomped out ?
sunpoop - her name was randy granovetter , she was in charge of sales and marketing@ EDIG - she , her team and millions of $$$( these $$$ were raised privately and as I recall those investors lost it all as did the original seed $$ investors ) were long gone before Jabra had success after they spent additional millions - you are too right about but anyway and his ilk can only lie it seems - since Jabra is a private corp I doubt any here know the amount of their success - SDR
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