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Re: richardosborne post# 17756

Thursday, 11/14/2002 12:33:01 AM

Thursday, November 14, 2002 12:33:01 AM

Post# of 93821
I just cross referenced the dates cited in this basher post with EDIG's SEC filings at

http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000886328

and it appears that the information checks out.

EDIG 10K dated 28.06.96

On January 15, 1993, the Company sold 300,000 common shares of JABRA stock for
$750,000, and JABRA sold 500,000 newly issued common shares with warrants for
$1.25 million. The Company retained 2,300,000 common shares or 74.2% of JABRA
stock and the Company agreed to surrender operating control of JABRA pursuant to
the stock sale agreement. On July 15, 1993, the Company sold an additional
500,000 common shares for $1.625 million and JABRA sold 1,000,000 newly issued
common shares for $3.25 million. The Company's 1,800,000 common shares
represented 42.8% of the outstanding shares of JABRA and as a result of the lack
of operating control, the Company ceased consolidating JABRA's operations and
recorded its investment on the cost basis because it no longer had significant
influence over the operations of JABRA. At March 31, 1996, the Company had a
zero cost basis in its 1,800,000 JABRA common shares. During fiscal 1995 and
1996, JABRA reported to the Company the sale of 1,154,671 newly issued common
shares for proceeds of $4.0 million. As a result of these transactions, the
Company's ownership in JABRA at March 31, 1996, represented by 1,800,000 common
shares, is 23.1% (or 20.1% on a fully diluted basis). The Company has granted
an option to purchase 300,000 of the JABRA common shares to CVD Financial
Corporation ("CVD")."

EDIG S3 dated 20.02.98

The Company also holds as an investment 62,000 common shares (less than 5%) of JABRA. JABRA is a former wholly-owned subsidiary of which control was sold in 1993. JABRA is a developer and manufacturer of communication products for desktop, mobile and wireless applications.

EDIG 10KSB dated 28.06.98

The Company's 58,600 shares or approximately 2.5% investment in JABRA Corporation ("JABRA"), a private corporation, is accounted for using the cost method.

EDIG 10KSB dated 28.06.99

The Company's 58,600 shares or approximately 2.5% investment in JABRA Corporation ("JABRA"), a private corporation, is accounted for using the cost method.

EDIG 10KSB dated 27.06.00

JABRA Corporation no longer mentioned in the SEC documents.


That said, this is all water under the bridge.

But Anyway


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