Replies to post #70759 on e.Digital Corporation (fka EDIG)

[AirPocketDrop___YES]

LOL...

Yeah, incredible.

He has served as CFO of New Visual Corporation, a publicly held development stage company in the telecommunications industry with more than 8,000 shareholders.

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[HotrodHans]

Cassie..same firm you recommended...that's too coincidental....hmmmm!

also

"This guy has an incredible background including working at the very highly regarded consulting firm of McKinsey & Company. For someone like this to leave Tatus and choose go to PTSC is a very bullish signal IMO. He clearly expects the company to grow.

on that signal i'm buying PTSC...lol.

[Cassandra]

Who would have believed that PTSC would be the first of Woody's companies to achieve a profit and go on to have well-qualified executives running the company?

I found reference to today's open letter on agoracom where gilgamash was wishing e.Digial could issue letters this promising.

It is indeed an outstanding letter from someone with vision, goals and confidence that he and his management team will achieve it. e.Digital needs new leadership like this ASAP!!!

http://biz.yahoo.com/bw/050804/45544.html?.v=1

Note that they are not afraid to have a shareholder's representative on their BOD who expresses opinions that may differ from management and/or the BOD. That's what a group of e.Digital investors are trying to do today.

In order to have the benefit of input from the perspective of our shareholders, we are initiating a new policy of having a shareholder representative occupy one of the seats on the Advisory Board.

It is a pleasure to announce that Brian Boyajian, Esq., has agreed to serve during the initial term as our first shareholder representative. Mr. Boyajian is a California attorney and active PTSC investor whose communications have demonstrated a definite care and concern for the best interests of PTSC shareholders. He has shown a willingness to express his opinions in an objective and articulate fashion even when his views may differ from those of management or the Board of Directors, and we look forward to benefiting from his participation. To help achieve a synergistic diversity of input that will work to the benefit of the company, other members of the advisory board will also be selected to serve on the basis of their technical, business or financial industry expertise.

Some other good excerpts - note the absence of the word "expect."

Since assuming leadership, we have conducted an intensive internal review of our company's systems, procedures and internal controls as Patriot Scientific Corporation embarks upon this significant new phase of its existence.

Financial information to be publicly filed or released during the next few months will [not "is expected"] show the company to be in a great financial position as of June 30, 2005, with current and liquid assets exceeding $7 million, no debt other than current payables, and millions of dollars of tax loss carry forwards to apply against future earnings as permitted by applicable laws.

We intend to shape our business plan to keep expenses relatively low and allow current or future employees to focus on their areas of expertise so that we may focus on future growth.

In addition to reactivating the Advisory Board, we will be considering the addition of one or two new members to the Board of Directors. Candidates with strong credentials and experience in either the microprocessor industry or investment banking, among others, will have qualifications that will be high on our list.

I welcome your feedback. Although I wish I could answer every one of our shareholder's calls, letters and emails, many of which I receive daily, it's not physically possible without diverting my attention from business operations focused on our goal of creating added shareholder value. Also, taking time to communicate on a one-to-one basis with individual shareholders is often unproductive, for I spend much time explaining that no matter how much I might like to answer all their probing questions, in order to comply with applicable securities laws I cannot divulge certain information to one person unless at the same time it is publicly disclosed. To help assure our shareholders that they will be heard, I have set up an email address at [e-mail] which will be monitored and forwarded to me on a regular basis. I [CEO himself - not a Putnam IR type position] will make my best effort to see that your questions, compliments, concerns or complaints are addressed in a timely fashion.