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: chris431 who wrote (7364)	8/19/1999 8:57:00 PM
From: Dave Swanson	Respond to of 18366

I'm sure TR can answer better than I, but I'm gonna stick my oar in the water and give you my understanding of the situation. Several insiders have exercised options/warrants, giving themselves a bunch of shares at a cheap price. They have EARNED them, having gone thru bloody hell for several years, just to keep the co. afloat. (They were advised at one time by consultants to just bag the whole thing, which the stubborn SOBs refused to do, therefore getting us to where we stand now. The thing is, these folks owe taxes, RIGHT NOW, on the difference between what they paid for these shares(.08) at conversion and the then market price. In order to pay those taxes, they sold SOME shares, just enough to cover Slick Willy's bite. The rest (most) of their new shares are to be held for now, perhaps to be sold down the road at higher prices and for LONG TERM CAPITAL gains. Responsible opposing viewpoints MAY be considered, as long as they agree with me :)