Re: e.Digital Corporation - Can you Dig it?
in response to
by
posted on
Aug 14, 2009 07:59PM
Although this article was somewhat positive, here's the statement that describes why this company is ice bound. He says ' ....very few trust the stock ", but it's not the stock that's inept (as he points out in the same sentence).
"Management has gorged for years in the public trough (i.e. stock issues, paying everybody in stock,etc…) and now very few trust the stock."
I mentioned a while ago that that it's obvious EDIG is choking on the dust of it's competitors and, unless they do something heroic with their one and only product, the company will be relegated to the position of toll collector.....and the traffic is slow. I'm not even sure that does much for the stock price. Remember what this writer said about the stock losing one third of its value after a banner year?
BTW....Get out at 5 bucks, you say? Kiddies, I'm out loooong before that.