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Re: friendlyfred post# 68738

Wednesday, 04/06/2005 4:04:28 PM

Wednesday, April 06, 2005 4:04:28 PM

Post# of 93822
Fred: The company DOES do its own accounting. The auditors simply "audit" the fiscal year end finanical statements prepared internally by the company, review accounting controls, meet with the audit committee and issue an audit opinion letter that is attached to the 10-K.

That's why I always laugh when the company uses the auditors as an excuse to avoid giving revenue figures. All of the financial statements in the 10-Q's are unaudited.

There is no reason e.Digital can't give its unaudited revenue for last Q immediately. They have very simple and straightforward revenue recognition policies and only one customer so the gross revenue should also be straightforward.

I'm really curious to see if they will give unaudited revenue for last Q (or for the whole FY which would allow figuring out revenue for Q4).

As far wanting an accurate description "of the use of mos in the digeplayer" you should be able to get that from the company.

However, I suspect you'll find out soon enough if its "needed" by Wencor.

~Cassandra



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