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Technology Stocks : e.Digital Corporation(EDIG) - Embedded Digital Technology
EDIG 0.00010000.0%Mar 20 5:00 PM EST
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To: Tinroad who wrote (6159)6/29/1999 9:24:00 AM
From: JimC1997  Read Replies (1) of 18366
 
Tinroad,

On the shareholder headcount, I am sure that e.Digital is taking any brokerage firm's shares (i.e. individual shares held in "street name") as a single shareholder.

Otherwise, the average shareholder would have about 175,000 shares, which I think is quite a bit higher than reality. Even after taking a very high estimate that half of the shares as closely held in only ten hands, that still leaves an average of over 90,000 per shareholder.

Based upon the number of message-posters on Raging Bull alone it would seem that e.Digital already has many more than 660 shareholders.

But to your point, yes, I agree that wider awareness of the company would certainly increase the share price. And your guess that we may be about to see a quadrupling of the shareholder base is probably as good as any.

Best regards,

Jim
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