From the most recent FAQs:
Q: Please discuss your development plans as they relate to wireless technology.
A: We have developed a platform incorporating a popular wireless protocol; we are currently designing it into a product for a major OEM customer. We expect to be able to release details about this product this quarter.
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Wordsmithing is a tactic heavily employed by e.Digital Corporation.
One rightly wonders why the company cannot disclose the "popular wireless protocol". Is it bluetooth? 802.11b?
"Major OEM" can literally mean anything. It can mean a company that holds a dominant market share in an industry (Nokia in cell phones would be a example). It just as likely can mean the OEM is "major" to e.Digital, for example one OEM that represents the majority of EDIG's revenue for the services category.
Does anyone have any experience or knowledge on disclosure requirements? In other words, what if any information outside of the contractual boundaries of a nondisclosure agreement is e.Digital required to disclose to shareholders and the market considering the company is publicly traded?
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"I disagree with everything you say. But I will defend to the death your right to say it." --Voltaire
