e.Digital Corporation (fka EDIG)

[LawyerLong]

Never - a most articulate and accurate portrayal of reality. I highlight one of your best paragraphs and then comment below. This is one of the best summaries of the company and its disdain for its shareholders (and their total unwillingness to challenge EDIG in any way) that I have read in a long time.

"You seem to be hoping that they must be doing good work just because they are there. I thought that for 12 years before arriving at the answer. I always would think "they must have something of huge value" and they never did. I realized I had simply projected my optimism into their vague PRs which lacked any facts but were filled with innuendo. You just came along on the most recent business they are hyping. I have to tell you they all looked good until you realize the pattern which is they never work out for shareholders. All tech companies have failures but this one has failed arguably since 1996 and with the exception of the brief moonshot in 2000 the share price perpetually stinks. If you want to believe on blind faith and the good nature of man go right ahead. EDIG has always counted on investor optimism. I am sure in 2 years they will be very optimistic about whatever business they are "working on"."

You left out the part where when they (shareholders) are optimistic they are supposed to "get the word out" because X law firm is "handling" their litigation but you got the part right about how the are going to "rapidly commercialize" whatever BS patent or technology they are "working on" at any given time. I too was one of the optimists who disdained (sp?) and vilified the MurrayHills and Cassandras who were providing accurate information and warnings for years. Hard to believe in hindsight as most of the business decisions I have made in my life have worked out fairly well. EDIG is the dramatic exception that proves the rule.

I no longer believe in blind faith but I do believe in the good nature of man - one just has to look very, very carefully when seeking it. I do not see any at EDIG.

I also have had the opportunity to communicate with their former in-house counsel recently - I can't get him to say much about anything, after all, he did give his approval to execution of some highly dubious documents in the digeplayer era. About the most he will say is he's happy to be somewhere else and EDIG was "quite an experience." Same can be said for all of us.

LL