Sosoomee: You list the following as your veriable reasons that you think that EDIG stock is a good investment and that the stock price will appreciate:
1) O1000 vs. Ipod
2) IFE device(s)
3) Eclipse Project
4) Engineering/IT Staff that makes products that appeal to ME
However, this is just a list without evidence of its probable impact. So let's look at each one:
1) O1000 vs. Ipod The ipod is phenonmenally successful whereas the O1000 is shipped in small segments of the intial 1,000 unit order. Given the small production run, it is likely to have negative gross profit margins as have all EDIG branded products over the last 5 quarters.
2) IFE device(s): This project is in the development stage with no firm order for any number of devices. EDIG has been paid $50,000 in NRE fees, all of which were deferred as of the last 10Q.
3) Eclipse Project: Fujitsu-Ten has provided a non revokable letter of credit to guarantee payment to DigitalWay (the maufactrer) up tp $800,000. There is still no evidence of a firm order in the SEC filings to date.
4) Engineering/IT Staff that makes products that appeal to you: Sadly, the engineering/IT staff at EDIG have not attracted much in the way of NRE fees over the last 4 years. There is not much reason to see the engineering staff as a major revenue producer in the future.
IMO, none of your reasons seem to indicate a substantial probabilty of an share price increase.
Believe me, if it were easy to short an OTCBB stock, I would definitely short EDIG. Unfortunately I don't have an offshore account like many of EDIG's "friends" have.
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