RE: IFE, Volume III - HA/Alaska/AA//SGE --
posted on
Sep 11, 2005 04:35PM
Yep, it is better for EDIG`s numbers. Rick, good posts.
I will state again that AMTRAK is an unknown for me, but I don`t see $1m coming from them through Wencor. Since I don`t ride `em and I don`t know anybody that does ride a train more than 2.5 hours, I am jaded into the ``UNKNOWN ZONE`` of ``Who are these people?`` I hope you are right and lots of folks like to see America via the tracks. I see nasty train stations and 95% commuters, but I just don`t know.
I know you still believe IFE will be EDIG`s cash cow with Wencor playing the role of sugar daddy for, at least, the near term, and that seems reasonable. I agree. However, if EDIG could land just one decent deal with MED, the future takes on a whole new look, IMO. I believe direct sales was the jest and focus of the ASM presentations. Yes, it was not without disruptions from concerned sharholders. The ASM was about showing what Atul and RP saw as the future -- ole Fred just bobed his little head to second each of the sure-thing motions. That future was about direct sales -- does not mean dump Wencor -- to closed system providers. I take them at their word, for whatever that will be worth in future.
Sometime before the end of the year we should ``expect`` to hear the results. IMO, those direct sales ARE the future, not Wencor. I saw no ``We Love Wencor`` from anyone at the ASM. Both companies will do what they have to do and, for us as owners of EDIG, that does not mean what is best for us. Thus, the potential for large dilution if the company cannot maintain a revenue stream which leads to black ink. I don`t see Wencor as the basis for a long term -- 2+ yrs --relationship. I hope I`m wrong, but that was certainly the flavor of the recent ASM.
All worth less than the price paid,
Dumb guy from TN