e.Digital Corporation (fka EDIG)

[JimC2003]

What a riot. You guys crack me up.

The fact that a small revenue stream is not mentioned in the 10-Q but is in the 10-K is normal.

Reporting requirements are not arbitrary. You can rest assured that whenever money flows into or out of a company, said company is required by the law of the land to disclose this information.

The idea underlying timely reporting requirements for public companies (eg quarterly financial reports) is providing current and prospective investors with a snapshot of the company's current and prospective business.

Any information a reasonable person ought to require in making a investment decision is required to be disclosed in the company's quarterly reports. Cash flows or a reasonable expectation of future cash flows is a primary data set which should be disclosed on a quarterly basis.

The annual report should include all pertinent and material information from the four quarters it represents.

JimC2003