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

To: Starlight who wrote (7619)	9/2/1999 12:38:00 PM
From: RKHIII	Read Replies (1) \| Respond to of 18366

Oh my God! A fairly written piece from the press! Now how did THAT happen!?

To: Starlight who wrote (7619)	9/2/1999 1:53:00 PM
From: Ron Luhmann	Read Replies (3) \| Respond to of 18366

quote from the San Diego article "The S-3 warned that the company has a history of losses and a cumulative deficit of $39 million. The company lost $2.6 million in fiscal 1999 and losses may continue, the document warned. The company might have to obtain additional financing, and if adequate funds wouldn't be available, "we may not be able to continue operations or take advantage of opportunities," warned the S-3, which also noted that the number of shares outstanding had soared from 57 million in March of last year to 111 million in July of this year." so....with additional 13 Mil shares issued total will be 124 Mil-57 Mil / 17 months = avg 4 Mil shares issued per month! a cumulative deficit of $39 Mil ? ... any wonder why the share price is where it is ? .... and the CEO says the company is on a sound financial condition ? ... just my take on the facts posted here ... Ron