Replies to post #49105 on e.Digital Corporation (fka EDIG)

[Sentinel]

Don't get too excited just yet.

[lickily]

Great show of confidence, is it real? If I'm reading it, even taking into account that some of the purchases were insider options, there still seem to be sizeable open market purchases by FF and RP (cocumelli managed to buy a whole 1,000 shares not related to options, LOL).

[Cassandra]

RedFish: It appears you may misunderstand the information. It is not revealing any buying.

The statement of beneficial ownership is in every proxy and 10K as required by the SEC. It simply shows shares owned and options that are currently exercisable. Other than Putnam's exercise last summer of 10-cent options that were expiring, there has been no exercise of options by anyone in management for over 3 years. Previous options exercised were at 8 cents. Management has never bought shares on the open market.

Some shareholders are hoping that they will exercise their options in the immediate future. However, even that is not the same as insiders buying on the open market, which would really show confidence in the future of the company's share price.