Replies to post #55318 on e.Digital Corporation (fka EDIG)

[acrazjo]

Not the best day to announce a PR (Fridays). My bet is tomorrow, if at all. The volume bespeaks volumes as to the sort of news we can expect. I suspect we see more volume tomorrow in anticipation of some news but w/o follow through back down we go (mid.40's). I'm sure they have something for us tomorrow but a PR is looking less likely all the time. Those of you who have traded for any length of time know that volume precedes announcements. Looking forward to the Webcast but not expecting a pop in the pps on Friday. Has anyone noticed how hard I'm trying to stay grounded and keep my expectations in check. Well, to be truthful I want to be surprised for a change. I have diligently tried to drastically reduce my expectations for tomorrow. Just a hint of something new and exciting will have me bouncing off the walls as opposed to just feeling the anticlimactic blues. Looking forward to our first big news and a massive run to the upside. Alas, next year is my bet rather than 2003. Heavy sigh!!! Joe

[Cassandra]

Why delay a PR? They announced the web cast via a shareholder alert last week. If they has a material announcement why delay it? Just put it out in a PR, which meets the requirements of Reg FD and reaches a larger population than the e-mail list.

Those who have been around EDIG a long time know that EDIG does not use web casts as a way to announce new deals. Press Releases are far more effective and are historically used 100% of the time to announce news.

Although e.Digital does not have a history of using unscheduled web casts to announce material positive news, it DOES have a history of using this tactic to spin negative news. The March O3 web cast (see #msg-860012) was primarily to spin the negative news of the resignation of Ernst & Young as the independent auditors. There was no unknown "news" presented. Tomorrow's webcast may be similar.