Emit, re: Financial partner.
posted on
Aug 16, 2007 10:25AM
The "financial partner" term I referred to was the exact phrase RP used. In essence EDig's "financial partner" used in this context is a company contracted by/with EDig to clear credit and assume the debt of a customer of EDig who wishes to purchase EDig's product but cannot afford to pay the entire cost of it's purchase but wishes to make payments. This "partner" acts as "credit card".
My wife goes to Nordstrom's, purchases "whatever", pulls out her Visa, hands it to the teller who rings up the purchase. My wife now owes Visa the cost of her purchase and Visa pays Nordstroms. Nordstrom is now out of the picture as far as any financial dealings between my wife and Visa.
This is the "financial partner" I referred to. The other partner you have referred to is NOT a financial partner in the context of dealing with a customer. It is a partner who has agreed to supply funding to EDig for "whatever" up to $750,000. There are no customers involved.
These are two separate and distinct entities, each performing a separate function but each supplying funds in a different manner for different reasons to EDig....