RE: $1.8 million Do you expect over $3. 0 million for Q1?/ butchy
posted on
May 19, 2005 05:49PM
One underlying problem e.Digital has always had (and continues to have) is adequate financing to get deals done. Few companies will front us money for manufacturing. What if we get an order for 500,000 KINO players? Who is going to finance this? THAS HAS ALWAYS BEEN OUR PROBLEM... and until it is solved we will never see those large orders become a reality IMO. What we need is a $10 Million dollar loan-line of credit with a reasonable interest rate (say around 7%). This is the only way our technology will get adopted... in time we won`t need OPM for this, but that time hasn`t arrived. Other companies get these loans... one such company (NEOM) has a $100 Million line of credit with Cornell Capital... they`ve taken out a $10 Million dollar loan at 6.75% interest. Why oh why can`t e.Digital do something like this? Why are their loans always incremental at best with astronomical interest rates???? It`s time for e.Digital to grow up and broaden their horizons, don`t you think?