e.Digital Corporation(EDIG) - Embedded Digital Technology Message Board

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Technology Stocks : e.Digital Corporation(EDIG) - Embedded Digital Technology

EDIG 0.0001000

0.0%

Mar 20 5:00 PM EST

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To: InOverMyHead who wrote (7537)	8/27/1999 3:00:00 PM
From: SunSpot	Read Replies (1) of 18366

Please read Putnam's garbage. I have done some highlighting. Your stocks are being diluted! Ask Clinton what the meaning of diluted is. No, not the meaning of 'is'! Diluted dammit! Putnam's message: Per the terms of our $3 million financing completed at the end of June, we were contractually bound to file a registration statement no later than 30 days after receipt of the funds (June 24th). Of the 13 million shares being registered, 2,752,615 shares are being registered in connection with the financing with the balance being registered for prior financings. The majority of the individuals and entities named in the registration statement have been investors of the company for several years. When the company was in need of funding last year and had no other funding alternatives, these investors stepped up and wrote the checks. For this, we agreed that we would register their warrants and shares on the next registration statement. While I can't speak for every one of them, I believe most of them will exercise their warrants (with the proceeds going to the company) and hold them for capital gains treatment as well as expected appreciation in the price of the stock. From time to time, Fred and I intend to exercise and sell a small percentage of our stock options (like we did in July) in order to finance the exercise (purchase) of large blocks of our stock options and pay the associated costs (the Company and Uncle Sam) in doing so. We, like all shareholders, want to own more shares and we intend to hold them for capital gains treatment and expected continued appreciation in the price of the stock. We have been, and continue to be, very positive about e.Digital and its present standing as well as its bright future. *Let me ask: What did these investors pay for their shares? Does 6 cents sound about right. Let's have the fact! They are pssing away the value of your stocks! Wake up!**

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