To: carl a. mehr who wrote (10647 ) 2/3/2000 2:56:00 PM From: PartyTime Respond to of 18366
It appears e.Digital's Nasdaq listing is in the bag. The company has stated that it more than exceeds the qualifications for the listing. Despite its poor financial performance of the past, laregly due to research and development initiatives, EDIG is now able to demonstrate new business destined to bring substantial future revenues into the company. Also, it's trading range has not seen its share price dip below double digits and it appears this will hold throughtout the 30-day required cycle. I think the competency of the company's executive management and board will also be a positive factor for Nasdaq when weighing its decision for EDIG's entry. And there's no shortage of big-name references which the company can call upon to support its request for the listing. Someone pointed out earlier--and I believe it true--that if any financial requirement still need be met, that one of the EDIG's bluechip business partners would come to its rescue via a private placement or perhaps an equity investment into the company. All in all, the table is nicely set and soon we'll all--bashers excluded--be raising our goblets in a hearty toast to Nasdaq. This Nasdaq will benefit EDIG in the following ways: 1) It'll pave the way for analyst recommendations. Given EDIG's niche in the micro wireless sector--and this sector considered a hot sector--and it's business relationships with well known and well regarded corporations, the potential licensing and royalty stream of earnings could very easily induce buy and strong buy recommendations from the analysts. 2) It'll open the very important door for instituations to invest heavily into the company. This coupled with an already very strong retail investor interest will bode very nicely for EDIG's future share price. 3) It'll enable the company's press releases to attract wider attention. For example, CNBC rarely comments on OTC level stocks. The same is true with other media. So EDIG will have greater standing in the eyes of the media. 4) It'll help establish e.Digital's presence as a truly global company and help it command more respect within the global markets. 5) It'll provide extra umph into e.Digital's negotiating power with OEMs and provide it more footing in contract negotiation. The Nasdaq listing together with business partnerships and alliances with well rooted companies like IBM, Intel, Lucent, Texas Instruments, Lanier, et. al., will certainly strengthen the power of EDIG to land new deals. 6) It'll help reduce trading volatility provide the company greater respect among the market makers.