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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: PartyTime who wrote (10475)2/1/2000 1:11:00 AM
From: Jon Tara  Read Replies (1) of 18366
 
About that CPA disclaimer... PartyTime wrote:

"But I also know that such statements are common in SEC filings of IPO companies."

I think that you are confusing the CPA's "going concern" statement with the typical disclaimers found in IPO prospectus'. They do typically contain numerous disclaimers (made by the company, though, not their CPA) regarding competition, high costs, unproven technology, etc. etc.

This was something quite different: a statement by the CPA laying doubt to the viability of the company as a going concern. (In plain words: imminent demise...)

I assure you that any company that included such a CPA statement in their prospectus would never IPO.

"Now, was that risk assessment type statement included in paragraph two in EDIG's SEC report? No, it wasn't. Nor, in my view, should it have been included in paragraph two of the SD Union-Tribune article where the writer was alluding to eDigital's finances. "

The Union-Tribune article used the most recent material available at the time that it was published. The SEC filing you are referring-to was submitted subsequent to the publication of the article.
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