I keep reading posts about how management has utterly mangled things. How other companies would have done it better and how they should be releasing way more information. Many of the posts come from business people who apparently have a boatload of experience in running/managing businesses themselves. I have a few questions:

1) How many of you have been part of a relatively un-financed start-up penny stock?

2) Have you managed a company that was so short of funds that you had to perform triage just to decide what didn't get paid?

3) Have any been an integral part of a company of similar type, condition and circumstances as eDig with no money and made them a successful, profitable company.

4) How many companies from the the 2000 tech boom no longer exist?

5) Do you think that investors in those companies that no longer exist wish they still had shares in a live company let alone be in a position to complain about how poorly management has done?

6) Can anyone provide me with a list of "small companies" who have been taken advantage of by large companies?

7) Can anyone provide me with a list of "small companies" who have been run out of business by larger companies?

I have not heard anyone who has direct comparable experience.

What do I know? you could all be right. Management could have really screwed everything up. We could all be wealthy right now if not for them. They could have negotiated better, they could have made those big companies pay them up front and not steal from them. They could have filed suit years ago with no money and made those companies who did steal our tech pay us long ago. Or they could have convinced a firm to take us on as a contingency case years ago, even though the market had not yet been saturated by the tech and it would not be a profitable risk for said firm.

Or maybe, just maybe they would be considered heroes by those who invested in companies that no longer exist, maybe they performed miracles just keeping the doors open, giving us at least some viable stock. Maybe we're extremely fortunate that we have a management team that kept us alive long enough for many to average down and own much more than would have been otherwise possible. Maybe the company wants to be more transparent, but because they've learned the hard way how to survive, they realize that it would be detrimental to the company to do so under current circumstances. Maybe they didn't take advantage of us by sucking up the money in undeserved(?) salaries. Perhaps just finding someone to let us borrow money at 20% was incredible and not an insider rip off...And maybe, just maybe we'll have the opportunity to cash in and make a big profit for our investment.

I guess it just depends on your perspective. I'm grateful that we still have the opportunity...

Coyote