Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : e.Digital Corporation(EDIG) - Embedded Digital Technology -- Ignore unavailable to you. Want to Upgrade?

To: Savant who wrote (6824)	7/27/1999 2:15:00 PM
From: JimC1997	Read Replies (2) \| Respond to of 18366

Savant, Just a brief add-on to your note on the warrants. I believe that the warrants primarily result from the conversion of the preferred stock issued by EDIG in the past and as such are already fully reflected in the fully-diluted outstanding shares. Another group of warrants resulted from the recent $3 million equity placement. Those warrants are exercisable at higher prices and may not be exercisable yet. I believe that Betty posted the details some time ago, but the S-3 also contains a summary. Burt posted a note which explained the timing for the S-3. The recent equity placement has a provision that the shares must be registered within 30 days. This gave the other private equity suppliers to the company an opportunity to "piggy-back" their registration onto the same S-3. I doubt very much that the recent equity investor is seriously considering liquidating his position. The registration in that case was merely a formality. Your comment about the capital gains holding period commencing with the exercise of stock options probably explains the actions of Woody and Bob Putnam. It is interesting that Fred Falk did not join the other two in their actions. Jim