Re: Verdict, Settlement, new eVU business, DM's next round, IAM
posted on
May 17, 2009 04:51AM
Just a correction to your post. You said:
"Who knows which will come first. I had hoped that the earnings release would be before the standard quarterly 45 days. However, I believe they have 60 days to report because of the year end. I'm disappointed that it is taking so long. I read somewhere that RP said that they had planned on releasing the report earlier than required -so that only leaves about 2 more weeks."
The SEC allows 90 days to file a 10K....the annual report. so they have until the end of June. It's like this every year. It's a long wait between filings and the natives get restless.
From what I can tell the trial is still continuing. I've been waiting for the court clerk to file notice that closing remarks were made. or update the proceedings. So far, NADA. Could be I missed it but unless that the case, my guess is Woods is prolonging the process. I shouldn't assume anything but I doubt that it's eDigital doing the prolonging. I seem to remember that the judge orrigionally projected a 4-5 day trial. If it's still in session then that makes 8 days. Without being the fly on the wall it's impossible to know if this could portend anything but my guess is the judge can't be happy about the duration of the trial espicially if he deems the tactic as a deliberate attempt to prolong the process.
Larry