Hey All:

I know this was all discussed a few weeks ago but I don't know that there was ever any real clarification on it.

The question of whether or not Putnam had exercised his options, perhaps even using his severance money to make the purchase.

There was a belief that if he did exercise his options that a Form-4 would surely be filed or simply because of the fact Putnam exercised, EDIG might have to file an 8-k for a Material event.

There is even a grass roots movement to convince Fred this is in fact a Material event (assuming Putnam had actually exercised of course) you guys know who you are :)

Anyway I just spoke with the SEC regarding this and here is what I learned:

Form-4: Would not be required in this case unless the exercise happened prior to Putnam’s separation from EDIG. After he leaves, he is no longer an insider and is free to do as he pleases. There is no 60 lock up or anything like I had been imagining. I for one hope/think he did buy those shares, but alas I am not on that short list of those in the know.

8-K Material Event: This would not be required for this type of transaction, the SEC said only if the transaction was enormous would the company POSSIBLY be required. Since we are talking about a few 100K shares this surely did not qualify.

Disclosure.............I own enough to count, hopefully.........and all of this is simply the SEC guy’s interpretation of MY questions without referencing EDIG directly but I got the facts out. So basically I could be misinformed but that’s not likely.......at any rate invest at your own risk cause I don’t' know sh$t. :)

GLTA