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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: JAMES F. CLASPILL III who wrote (1380)10/22/1998 11:39:00 PM
From: Burt Roger  Read Replies (2) of 18366
 
Jim,

As you know Woody and Robert Putnam pledged other of their assets (ATC stock) to collateralize the debenture placement for NCI. In exchange they acquired options on NCI. Their need to buy stock on the open market would probably follow, not precede the exercise of those options.

In stock trading there is only 1 reason to buy a stock and many to sell a stock.

Warrants have to be converted to stock to be sold. The warrants are not tradable. Those interests who bought stock and warrants in the private placement are doing the wt. conversion prior to the sale.

If private placement holders want to unload in this calendar year, I believe they will do best if they find a single buyer or two to take them out privately and keep the stock off the open market. Should that happen and if there is a single buyer, he/she/it would probably have to register as an over 5% co. owner.

Rising prices are what brings in new buyers. With a persistent seller gone, I would also expect a gradual stock price rise.

In looking at the Edgar filing of the agreement with Intel what I believe is significant is the delivery of 100 demos. This strongly suggests Intel's customers will be working and examining these demos for either purchase or incorporation into their respective product lines. There also seems to be wording suggesting or inferring licensing and royalties accruing based on xxx'ed or suspected contingencies.

Admittedly, I went thru that agreement quickly in coming to that conclusion.

Best to all:
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