e.Digital Corporation (fka EDIG)

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From: Bill MacKinnon <wtmgyes1@h...>
Date: Thu Jan 10, 2002 8:23 pm
Subject: Robert Putnam responds to my e-mail to both Fred Falk and him regarding......




David Evans' article......call it what you want......I replied to this
response inquiring about the requirements to register the warrants:

Thank you for your e-mail, Bill. While we are very disappointed with the
apparent negative bias and the timing of the release of Mr. Evans' article,
we have noted through the years other individuals have written similar
commentary. In response to the quotes in Mr. Evans' commentary, Mr. Falk
stated, "I have always had and continue to have nothing but respect and
praise for our shareholders and make it very clear in my interviews.
However, I have no control over what the reporters end up writing." It is
apparent that Mr. Evans either misunderstood or misquoted and took out of
context statements made by Mr. Falk. As to the interest rate being charged
on the 12% Promissory Secured Notes, Mr. Evans apparently is including the
warrants issued in connection with this loan. What was pointed out to him
and what he chose not to include in his commentary is that these warrants
are not registered and have no real value until they are registered.

As we continue announcing products and agreements with OEM partners,
customers and licensees, we believe that financial improvements and
increased revenues at e.Digital will speak louder to Wall Street and
individual investors than any single article or any individual's commentary
or opinion.

Best regards,

Robert Putnam
Senior Vice President

e.Digital Corporation
13114 Evening Creek Dr. S.
San Diego, CA 92128
http://www.edig.com

Phone: [phone]
Fax: (858)