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Message: RE: 2 weeks / 7 weeks -- Sinkman

RE: 2 weeks / 7 weeks -- Sinkman

posted on Jun 17, 2005 01:52PM

I`m afraid my opinion given the current situation is that after we`re done waiting, we`ll still be waiting.

- Sinkman

If it is a 7 week solution sought, I think you are right, we will certainly still be waiting -- for the numbers.

If ole Fred has gotten off his arse and actually sold something directly -- not Wencor biz -- then that`s what we will hear about at the ASM. If it is business as usual, then Fred will be transparent and the ASM story will be about the great relationship we have with Wencor and some other ``expectations`` not yet realized, but in the final stages for a ``soon`` to be released announcement. All IMO, of course.

Either way, EDIG has a current revenue stream -- just not enough to cover their KNOWN SG&A burn rate. Who knows, maybe ole Fred will stand up and be noticed for selling some stuff to somebody other than a non-revenue bearing partnership agreement. It could happen. Even a broken clock gets lucky twice a day.

Either way, it will be months, not weeks, before we see large swings in the pps unless we see a drop to around $0.10 (a 33% drop which takes a 50% increase to recover). Today, the market wants to see the money in audited form. Today, it is about the numbers. So, we will wait. Remember, this is better than sitting here not knowing there is no Santa, I mean Wencor, but not much better.

Why? Because Rick knows nuthin` and I know even less.

So, what to do? Hmmm.....oh, let`s have a nice glass of red wine and worry about it in October. Gil, any new suggestions?

John

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