reconsiderations...
posted on
Mar 03, 2013 05:54PM
After considering Planks thoughts...regarding "FAMILY TRUST"
He points out(as have I) that in 2008 Jerry reports 16,515,000 shares of a "Family Trust". In that same year Eric reports 2,307,421 of a "Family Trust". It is Planks contention, that they are separate Trusts because of the reported difference in the same year....Thing is, in Erics reporting there's no legal description and I feel he is leaning on the reference name as reported by Jerry.... "Family Trust" of which Eric may/is a beneficial owner.
My PM note to Plank...
In reviewing the filings, I get your comparison...
Erics first filing noting e.Digital is... sec form 3: 10/9/2008 of which "Family Trust" shows for beneficial ownership 2,307,421 shares, there are no foot notes of recognition. There are no reports by Eric of purchases...etc in building this position.
Jerrys 13G filing 12/31/2008 shows beneficial ownership(foot note of which he disclaims beneficial ownership) "Family Trust" 16,515,000 shares.
I feel it's the same Trust, of which, Eric does not disclaim ownership for that recognized in his report. 5 mill was liquidated on the "Family Trust" that Jerry was reporting on between 2008 and 2010...I just feel it continued. I may be wrong in stating that 14 mill has been liquidated, because there is no way of telling.
Anyway, for that which Eric claims, he's liquidated ...2,307,421 - 1,888,601...or 418,820 shares.
There is no telling what others(such as Eric) having beneficial ownership of the "Family Trust" have done.....Jerry disclaims it, and he does not have to recognize it in reports any more.
Anyway
doni