Let us look at the 10Q words that govern...
["e.Digital Announces Q2 2009 Financial Results
Friday November 14, 12:55 pm ET
Company Records First Flash-R(TM) Patent Portfolio Licensing Revenue
SAN DIEGO, CA--(MARKET WIRE)--Nov 14, 2008 -- e.Digital Corporation (OTC BB:
EDIG.OB -
News), a leading technology innovator of dedicated portable entertainment systems and patented flash memory-related technology to
day announced revenues for fiscal Q2 2009 ended September 30, 2008 totaled $1.8 million, compared to revenues of $2.3 million for fiscal Q2 2008.
Q2 2009 revenues included $1.6 million in licensing fees from the Company's Flash-R(TM) patent portfolio and Q2 2008 revenues included $2.1 million of eVU(TM) in-flight entertainment (IFE) systems and support equipment."]...
So far you are told the following:
1) Revenues for Q 2 2009 are $1.8 million and...
2) $1.6 million of that was from licensing of Flash Patent Portfolio...
The next relevant statement is what follows...
["Operating income for Q2 2009 was $400,000 compared to an operating loss of $91,000 in the prior year's Q2. The $491,000 improvement in operating income was attributable to the patent license revenue recorded in the second fiscal quarter."]...
Their operating income increased from $91,000 in 2008 10Q to $400,000 due to patent license income RECORDED in Q2 2009...
Can't you see that the statement talks about only that patent license fee which was/is RECORDED this 10Q and nothing more...
There is no statement that LG paid us only the eqivalent of $3 million net to EDIG 1.8 million...
LG just paid $400 millionm fine for price fixing to some bureacrats of Bush Administration...
Do you really think DM is not as good ad the Bearucrats in recognizing a deep pocket when it sees one?...
Ir is simply absurd to think that they settled for $3 million...
And that is hos I see it...OZ you can chime in any time...Lol...
Gil...