Mike, Jon has a good point. I don't fault him for what he wrote.
I do wish he had noted, however, that my response to which he responded, was in answer to a question directed at me from Walter. I didn't know the answer to Walter's question and I stated this up front. My response was a speculative opinion and I thoroughly described it as such.
Unfortunately, it triggered bad memories for Jon.
Indeed, there has been a lot of "dot connecting" with regard to e.Digital. But in this instance of "dot connection", at least it's a well-referenced and fits against a very strong background relative to e.Digital's business associations.
Yes, Jon and I were previously locked in a viscious battle over a penny stock. We traded barbs back and forth like few have done on these threads. I was a rookie investor and a good writer; he an experienced investor and a good writer. Indeed, I was completely full of pie-in-the-sky, this-is-the-best-stock-in-the-world type notions, etc., etc. It was Jon's claim the folks behind this particular penny stock were, in effect, crooks.
The end result? Jon was right. I was wrong. I learned a valuable lesson from that investing experience and came damn near close to financial ruin.
After that experience I swore off OTC stocks, moving into oil drillers and then playing IPOs and Quiet Period momentum trades where I did very well recovering all my losses plus a good bit.
EDIG is the first and only OTC play I've made since my bad experience. I view EDIG very differently than other OTC stocks.
First, EDIG formerly was a Nasdaq stock, but one which slipped onto the OTC as a result of reorganizing and intensive R&D initiatives. And I'm aware that this happened concurrent to Nasdaq strengthening its listing requirements, thereby causing the delisting.
Second, whereas my earlier OTC disaster lured big-name executives (with stock options) it didn't have any big-name clients. EDIG, with the fruits of its R&D efforts is today nicely encamped with big-name clients and actually doing business with them. This is a substantial difference.
Third, as a former and sometimes present free-lance transcriptinist, I've been aware of Norris transcription technology. So it was easier to invest in EDIG since I knew the company had an established track record in so far as it conducted a viable business. The OTC stock Jon and I battled over, had no such track record.
Fourth--and the big difference and what really counts--EDIG has formerly reapplied for its Nasdaq listing, whereas other OTC stock constantly threw out press releases about how it intended to do so.
So, all in all, I appreciate Jon Tara's cautionistic remarks. I learned a lot from him during our previous encounter. A principle lesson of which was to stay away from OTC level stocks. And I've religiously done that, except in this instance. e.Digital, in my view, is much more than simply an OTC stock.
So, Mike, I ask you and others not to attack Jon for showing a sense of caution with respect to EDIG and point out that I respect his criticism. I'm still my own person and I make my own investing decisions and live with them, but do know that I appreciate Jon Tara's opinion. |
