Actually, Richard I always felt you were one of the classier guys here, and you like Mallride and a few others are in the classification you are not shamelessly promoting this stock for your own profit to the detriment of others. I feel you just want the best for this stock. And I respect that.
Within about 6 months of buying this stock, flags started appearing where I felt was Putnam was dishing was contradicting the financials.
I hoped, knowing that this is an emotional stock, that it would have a run that I could have got out on. It never came. One thing that added to the time I held was Collier. I felt he gave the shareholders straight answers for once, and I liked that he was expanding the distribution channels. It gave EDIG creditbility.
In regard to making a tactical mistake, If EDIG went up to $2.00 a share after I unloaded this can be argued. But I could by back my entire position today for around $50.00 more. I would NEVER own this stock again, but at this point you can not say it was a mistake. Also no one can time the market, but I am convinced EDIG will go down substantially further. If it does, as I am sure, I was not a tactical mistake. Those who held would be the ones with a tactical mistake.
Quicky mentioning your belief that EDIG is never in a better position than now to capitalize, have you read the financials? They have a $60M loss on their balance sheet they will have to make back before this company is worth something. The have a ridiculous current asset ratio, and are paying some vendors in stock. They have gone in forebearance twice on loans they couldn't pay back. They have ZERO credibility with the investing world and as a company. They are dead broke and don't have the necessary money to succeed in these ventures you are focused on.
In regard to me not understanding the technology. Does Robert Loest also not understand the technology? On Intel that walked away from an EDIG project? Do you know that not one mutual fund is reported to hold this stock? DO these best and brightest finance minds whose job it is to know paradigm shift technologies also don't understand these technologies?
Do you know many complaints have been issued to the SEC about this company? I know of 4 personally.
Richard, I really wish you well.. In a perfect world the honest shareholders who invested for the right reasons would make a fortune in this stock and RP and FF would get their just reward for misleading all these shareholders...IMHO
But we are not in a perfect world, and EDIG sooner on later will find the PPS that their financials warrant --> <$.03.
Thats why I think all should get out now...
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