e.Digital Corporation (fka EDIG)

[Meister Price]

~~Latest EDIG DD~~by Short & Distort EPIC FAIL

I posted a response to this a while ago, I guessed you missed it because you have posted it once again:

I called that number and spoke to the gentleman on OTCmarkets about this. He said basically that they were just waiting for financials from the NEW reorganized eDigital Company, because the lack of information (the reason that the notice is on there in the first place) was actually from the OLD eDigital Company, which was put on notice BEFORE the Chapter 7 (which btw was dismissed by the judge on October 5th) He said that the notice will be removed once the NEW reorganized eDigital Company (NEW CEO and NEW Board Members) releases their financials.


BTW...The premature filing of the Chapter 7 BK was DISMISSED on October 5th by the judge:


Though the facts in the case at hand are somewhat different , the bankruptcy result is the same : this case WILL NOT result in Discharge, as Debtor is not entitled to one , and WILL NOT result in a distribution to creditors, as there are none.

The court understands that Debtors directors wants the case in chapter 7 , but the directors qua directors are neither creditors nor shareholders whose interest in the court must consider when considering dismissal under 704. And if the equities are considered , such factors appear to support dismissal. The directors seek to protect their own pocketbooks, they pay no heed to the economic burden they place on the Trustee.

Thus , the court is inclined to DISMISS as there appears to be "no legitimate bankruptcy purpose to be served". As a possible alternative , the PARTIES should be prepared to discuss procedures for streamlining this case and hastening completion as quickly and inexpensively as possible.



EDIGITAL CORPORATION IS A GOOD RISK/REWARD PLAY...

https://insiderfinancial.com/e-digital-corporation-otcmktsedig-is-a-good-riskreward-play/143092/