From EDIG, a reply to my inquiry concerning shares and options.
The following, from Robert Putnam, addresses recent insider filings:
Occasionally, we, the executive officers of the company sell a small percentage of our total e.Digital stock holdings in order to finance the exercise (purchase) of blocks of option shares to commence the long-term gain holding period, pay the associated federal and state taxes due on the option exercises and stock sales, and begin the diversification of our personal holdings. Because of a narrow trading window for executive officers due to news and developments, on February 2nd and 3rd, executive officers purchased a total of 769,500 shares through stock options exercised and sold a total of 450,000 shares. As of today, executive officers beneficially own a total of 5,142,000 shares in the form of common shares, stock options and warrants.
Like other long-term shareholders, we intend to hold the majority of our shares for long-term capital gains
treatment and price appreciation. We remain committed to the company's long-term goals, and are very optimistic about e.Digital's current business as well as our bright future in the portable Internet-enabled digital revolution.
I hope this information is helpful to you.
Best regards,
Wendy Ravenel |
