Replies to post #31469 on e.Digital Corporation (fka EDIG)

[But Anyway]

Shareholders should exercise their rights and petition management for transparency on the paper filing with the SEC dated 01/15/03.

http://www.sec.gov/cgi-bin/browse-edgar?company=E+DIGITAL&CIK=&filenum=&State=&SIC=&....

The filing was made pursuant to Regulation D Section 4(6) of the Securities Act of 1933 which exempts from registration:


transactions involving offers or sales by an issuer solely to one or more accredited investors, if the aggregate offering price of an issue of securities offered in reliance on this paragraph does not exceed the amount allowed under section 3(b) [$5,000,000], if there is no advertising or public solicitation in connection with the transaction by the issuer or anyone acting on the issuer's behalf, and if the issuer files such notice with the Commission as the Commission shall prescribe.


My understanding is e.Digital has issued unregistered securities to an accredited investor.

To reitterate- shareholders should request further information speaking to the amount of shares sold and proceeds raised. The direct importance of this matter is compounded by the adustable conversion price provisions of the recently issued Series D Preferred Stock.

[But Anyway]

What's a self-proclaimed market genius (or whatever term you would like to use) like yourself hanging around the edig boards?

Being one myself, I am a strong advocate for the rights of the independent shareholder of publicly-traded corporations.

Under the pretense that many shareholders are oblivious to the rights of their ownership, far too many management teams abuse the trust of the shareholders to whom they owe a fiduciary responsibility.

I am here to remind e.Digital shareholders they have a voice, a very strong one at that, and a right to petition management where ever approriate. As an example, I have taken notice to the many times Robert Putnam has employed the excuse of non-disclosure agreements as a subterfuge to legitimate questions from shareholders. In some capacity, shareholders can petition management to supply evidence of the non-disclosure agreement, censored where appropriate, instead of simply accepting the answer as is.