e.Digital Corporation (fka EDIG)

[hollywoodhills]

emit...The press release stating that they had applied for a NASDAQ listing and they believed that they qualified...The PR was released on 2/3/00..and at that time, they had not been over five dollars a share for thirty days..and did not have an independent financial person on the BOD...Therefore, they did not on that date meet the requirements for the NASDAQ listing. They or their legal counsel had to have known that. I even knew that and was surprised by the PR. They (Falk, Putnam, and Warden immediately sold their option shares (purchased for pennies) on 2-3-00 and 2-04-00 nettings millions of dollars for them in personal gains. EDIG did not meet the NASDAQ listing requirement until April when they issued a PR on 4-13-00 when they announced the appointment of Victor Ramsauer...It took over two months to meet the listing requirements after the initial listing PR. This information I believe is true...My personal opinion is that when they ( Falk and company) saw the rapid decline in the PPS after the fast pop to 24 bucks and prematurely issued the PR and sold into the strength it created. I was not really that worried at the time...I and many others believed that the PPS would in fact stay put until I converted all my shares into long term holdings to pay less taxes.... It did not take long after that to realize that Falk and company have not been totally honest to shareholders.

HH