Interesting Post over on Yahoo Penny Stocks board,of a query and a reply from Robert Putnam,
The IR for *EDIG*, from last night...
EDIG...READ...
by: rolla95 (27/M/Scottsdale, AZ) 19044 of 19054
GO EDIG......
READ THIS.........
My email to Robert Puntam and his response:
Do you have agreements set up with development customers to share or fully absorb current R&D expenditures? If not, will you please provide information on your capital financing and creditworthiness? Without immediate revenue generation, the cash for operations has to come from somewhere. If you are granted more patents, will you receive a revenue stream from royalties & licensing? Do you have a feel for whether or not you intend to grow into a full-blown manufacturing operation or are you more of a product design/engineering company? Do you anticipate any of your products/partners to be in full production by Christmas? Any information you can provide will be greatly appreciated. Thank you very much.
Robert's response:
Thank you for your e-mail. On development work, like we are doing for Lanier, Intel and Lucent, non-recurring engineering fees are paid to e.Digital. If we are contracted to build the final device, like we are doing for Lanier, we use a third-party contract manufacturer; in Lanier's case, that company is Eltech, who we announced last fall. The contract manufacturer fronts the labor and materials so that the company does not need to have manufacturing dollars invested in the product while still receiving close to 30% of the proceeds.
We plan on staying a lean, mean engineering machine and getting our MicroOSÂ into as many flash memory-based portable, digital devices as possible.
The Lanier product will be shipping in quantity this year, we will have completed our Intel prototypes and be jointly marketing that technology this year, and, based on our on-going negotiations with several companies, they expect to have secure Internet music devices available this Christmas.
Best regards,
Robert Putnam,
IR
..
regards,
2MAR$ |
