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But Anyway

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But Anyway

Re: None

Monday, 03/24/2003 5:29:54 PM

Monday, March 24, 2003 5:29:54 PM

Post# of 93821
Terrible news. e.Digital's auditor, Earnest and Young, has terminated their relationship with the company - with only seven days remaining in the fiscal year.

This indicates the following:

--e.Digital can't afford to pay cash for the audit and E&Y can't be paid in common stock (obvious conflict of interests).

and/or

--E&Y doesn't want to put their signature on FY2003's audited financial statements.

e.Digital deciding to change auditors is one thing, e.Digital's auditor resigning is another, and not good - in fact, terrible.

http://www.sec.gov/Archives/edgar/data/886328/000114420403001093/doc1.txt

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"I disagree with everything you say. But I will defend to the death your right to say it." --Voltaire

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