Financials should be out on Monday the 14th
posted on
Nov 10, 2005 01:00PM
What strikes me as a real positive is the terms of the receint financial filing. With a known burn rate of around $200K thats aproximately 2 1/2 months staying power if no additional revenues are added to the mix. It would seem that the intent is to buy us the necessary time to turn a profit and make this a going concern for once.
I personally think that the MedeViewer has more to do with educating patients (pre-op, post-op, therapy, diet, conditioning, etc.) than entertaining them although it seems as though it could do both. They`ve kept this thing under wraps which is to their credit. There have been no insights, as far as I`m aware, as to what it looks like, how it functions, nor it`s intended purpose in the marketplace. I think the Indian engineers that Atul contracted with were hired to develope various versions of this DVAP platform. The health care industry represents just one business model. Military applications could take it in an entirely different direction. This is an information delivery system as much as it is IFE.
I think EDIG could emerge out of this 5 year doldrum with a business plan that actually has promise given the right leadership. I`m anxious to hear what Will has to say on Monday if for no other reason than insight into the new leadership of the company.
Larry