RE: Form 8-K for E DIGITAL CORP
posted on
May 25, 2005 08:26AM
They ``comforting`` thing here is that, to the dismay of rumor mongers, if there is something going on which involves significant income, they will disclose it. Only two questions remain: Is there a threshold for what is deemed ``significant``? (e.g., if they are involved in a NRE effort for say $50K, must they disclose?). Is there any ``relief`` from this requirement if an NDA is in play?, or would they just have to say ``for an undisclosed customer`` in the disclosure? Note that this last disclosure does not disclose what airline the digEs are for (thought that`s kinda moot, as Wencor is OUR customer).
Nice action late yesterday and today. Somebody is buying (alot). Why? Because at 12:42 yesterday, I sold 10,000 shares! (need money on the home front). Of course, right afterwards, buying ensued and the price went up, and continues. Batting a 1,000 in this regard, on both sides (when I sell a little, it immediately goes up; when I buy, it immediately goes down). My own little contrarian indicator!
SGE