Jon, first of all, I'm somewhat in a jam in that I'm on a borrowed computer and the person whose letting me use it is also a stock trader. So I'm competing for online time and don't have the luxury of researching a whole lot right now, if at all.
I posted a quote from a RagingBull poster who claimed to be a certified public accountant. Whether he is or not, we don't know. But he did say the language is commonly used. I think you should address your concern to that poster as he can defend his own remarks. [NOTE: If you don't post on Raging Bull, please provide me the information and your question and I'll do that for you.]
You wrote most companies would fire the accountant if they used language like Ernst and Young did in EDIG's report. Well, alternatively, perhaps some companies actually wish to have such an analysis as a thorough and direct financial interpretation could help eDigital improve and better prepare for the future.
You might also wish to contact EDIG's CEO, Fred Falk, who seems very forthright and has, in the past, presented risks about what the company is attempting to accomplish. I think you'd actually find him an impressive CEO. At least I get this impression having read his communications to shareholders and viewed him via online video.
Regarding NetZero, indeed there are several safe harbor qualifications.
Do you know if the Ernst & Young report was prepared prior to Lanier's renewal order? Have you read the full report? Was anything positive mentioned in the Ernst & Young report? I suppose reading the report in full would help us with the context. Again, until my phone line is repaired, I don't have the luxury of research time. Can you, or someone, post the report? Thanks. |
