Replies to post #85219 on e.Digital Corporation (fka EDIG)

[Neverending]

It is his family trust. From the 10K you see he is a "trustee" in the Family Trust and a "managing member" in the Family, LLC. so I would assume he has some say. Also, most of the shares he has an interest in are owned by the Polis Family Trust or Polis Family LLC.

(4) Includes options exercisable to purchase 437,500 shares. Also includes (i) 1,888,601 shares of common stock held a Family Trust of which Mr. Polis is Trustee, (ii) 893,236 shares of common stock held by the Polis Family LLC of which Mr. Polis is a managing member, (iii) 25,000 shares of common stock held in a personal IRA, and (iv) 80,000 shares of common stock held as custodian for minor children. Mr. Polis disclaims beneficial ownership of the shares held as custodian for the minor children.

http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001019687%2D14%2D002478%2Etxt&FilePath=%5C2014%5C06%5C19%5C&CoName=E+DIGITAL+CORP&FormType=10%2DK&RcvdDate=6%2F19%2F2014&pdf=

[Neverending]

Correction: not Eric Polis's "personal shares" technically. They are shares over which he is a "trustee" and "managing member" so I would assume he has some influence. In my opinion it is a distinction without a difference.

[heybrad]

Yes chuck let's keep it factual.. Polis sold over 400k shares then and there was an acquisition for 40k. But did you notice it looks like those 40k for the kids might have been sold immediately too. There is a sold 40k that looks to match the codes of the 40k buy.

But seriously even if not sold selling 400k and acquiring 40k is not a psotive .