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Accurate DD, knowledge, confidence, dedication, perseverance, and the right people representing SHAREHOLDER interest. Yup, and now we did what some said couldn't be done. Great teamwork and support!
I totally agree!
IN CASE YOU MISSED IT...
LATEST NEWS FROM THE COURT RULING
>>>>The Delaware case dismissed entirely!!!<<<<
Latest Pacer News !
Tentative ruling issued by Judge Laura Taylor
October 4, 2017
(Snippet)
This case will not result in Discharge, as debtor is not entitled to one, and will not result in a distribution to creditor , as there are none.
The court inclined either to grant this motion or to implement procedures to allow the trustee to quickly liquidate the only saleable assets of the estate and to close this case with a minimum of expense, including avoidance of the task of corporate dissolution.
The Directors seek to protect their own pocketbooks , they pay no heed to the economic burden they place on the Trustee.
Minute Order...
Debtor e.DIGITAL Corporation , A Delaware Corporation
Thursday , October 5 , 2017. 10 AM
bankruptcy Judge Laura S. Taylor
Reporter Jennifer Gibson
Matter ; Motion to Dismiss Bankruptcy case filed on behalf of Christopher Barclay
Appearances : Kerry Moynihan , attorney for e.DIGITAL corporation , a Delaware Corp
Christopher Barclay , Chapter 7 ,Trustee
Disposition : Motion DISMISSED pursuant to the courts tentative ruling . Order to be submitted by Mr Barclay
This is what we were waiting for:
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.
PHASE 2 IN PROCESS!
Yup. Once we get all our ducks in a row, and the new transition team is in place, watch out!
Great news! Thanks!
This is what we were waiting for:
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.
That about sums it all up.
Tomorrow, October 5th, the judge will determine whether or not failed CEO Fred Falk was justified in filing Chapter 7. So far, it looks like he did, which is great news for EDIG shareholders. Lets see what happens tomorrow when the Honorable Laura S. Taylor hears all the evidence against Falk. I, for one, am very glad I didn't dump my shares! GO EDIG!
Fred Falk mismanaged this company bigtime and what he has done was to file for Chapter 7 (which the judge will surely dismiss) prematurely in an attempt to get out of it. He has failed the shareholders horribly. They STILL have patents, and they had very LITTLE debt. They STILL have ongoing lawsuits against infringements that are "beneficial" to eDigital Company that are on hold. Dr. Nunally has stated that he has a proven tech turnaround team committed to stepping in. Also, there are other things being worked on that are POSITIVE and not discussed on message boards. All the negativity that you bring up is not going to stop the dismissal of a liquidation Chapter 7, changed to a reorganizing and restructuring Chapter 11. But thanks for your opinion anyway.
A bankruptcy judge may decide any matter connected with a bankruptcy case, such as eligibility to file or whether a debtor should receive a discharge; however, much of the bankruptcy process is administrative. In cases under chapter 7 or 13, this administrative process is carried out by a case trustee appointed by the United States Trustee, to oversee the case.
The trustee if he sees fit (and he does) will then appoint a new CEO and NEW Board Members to restructure and reorganize a NEW eDigital company (or possibly a take over)
OCTOBER 5TH COMING SOON!
LATEST DD FROM ACTUAL EDIG SHAREHOLDERS...
>>> Creditors meeting on 9/19/2017 went well and turned out to be ANOTHER positive sign in getting EDIG back on track!!!
THANKS AGAIN TO ALL WHO ATTENDED THE MEETING!
NEXT IMPORTANT DATE IS OCTOBER 5TH. THIS IS FOR THE JUDGE TO DETERMINE IF THE FILING OF CHAPTER 7 IS WARRANTED. RIGHT NOW IT LOOKS LIKE MR. FALK WAS A BIT ABRUPT IN FILING CHAPTER 7!
If The October 5th trial hearing is successful, which looks very good at this time, the PPS will soar. Bad time to sell, but only to accumulate at these low prices.
New buyers obviously believe that something positive is in the works. At these prices it is worth the risk. The long shareholders who did not sell waited this long, a little longer is not going to hurt. Obviously something positive is about to unfold. $ Still have patents $ Dr. Nunally positive tweets. Restructuring and reorganizing Chapter 11, or takeover? Either way the stock price will move up significantly. Patience all. Bad time to sell. More good news is on the horizon.
BTW...EDIG SITE BACK UP AGAIN!
Need to read this...
EDIGITAL CORPORATION IS A GOOD RISK/REWARD PLAY...
https://insiderfinancial.com/e-digital-corporation-otcmktsedig-is-a-good-riskreward-play/143092/
He who hesitates is lost, don't look a gift horse in the mouth.
And when the motion to dismiss is accepted, there will still be some people posting negative comments.
And when the stock PPS takes off, some people will regret not buying it while the price was so low.
And when those same naysayers realize that they made a terrible mistake, they will wonder why they spoke so negatively about a company, even with so much POSITIVE RECENT information that they refused to acknowledge.
Yup. Also waiting for October 5th ruling for the dismissal of the premature filing of Chapter 7 by the judge. Very positive things being worked on behind the scenes. Getting ducks in a row. If they only knew! LOL!
Fred Falk mismanaged this company bigtime and what he has done was to file for Chapter 7 (which the judge will surely dismiss) prematurely in an attempt to get out of it. He has failed the shareholders horribly. They STILL have patents, and they had very LITTLE debt. They STILL have ongoing lawsuits against infringements that are "beneficial" to eDigital Company that are on hold. Dr. Nunally has stated that he has a proven tech turnaround team committed to stepping in. Also, there are other things being worked on that are POSITIVE and not discussed on message boards. All the negativity that you bring up is not going to stop the dismissal of a liquidation Chapter 7, changed to a reorganizing and restructuring Chapter 11. But thanks for your opinion anyway.
A bankruptcy judge may decide any matter connected with a bankruptcy case, such as eligibility to file or whether a debtor should receive a discharge; however, much of the bankruptcy process is administrative. In cases under chapter 7 or 13, this administrative process is carried out by a case trustee appointed by the United States Trustee, to oversee the case.
The trustee if he sees fit (and he does) will then appoint a new CEO and NEW Board Members to restructure and reorganize a NEW eDigital company (or possibly a take over)
OCTOBER 5TH COMING SOON!
LATEST DD FROM ACTUAL EDIG SHAREHOLDERS...
>>> Creditors meeting on 9/19/2017 went well and turned out to be ANOTHER positive sign in getting EDIG back on track!!!
THANKS AGAIN TO ALL WHO ATTENDED THE MEETING!
NEXT IMPORTANT DATE IS OCTOBER 5TH. THIS IS FOR THE JUDGE TO DETERMINE IF THE FILING OF CHAPTER 7 IS WARRANTED. RIGHT NOW IT LOOKS LIKE MR. FALK WAS A BIT ABRUPT IN FILING CHAPTER 7!
If The October 5th trial hearing is successful, which looks very good at this time, the PPS will soar. Bad time to sell, but only to accumulate at these low prices.
New buyers obviously believe that something positive is in the works. At these prices it is worth the risk. The long shareholders who did not sell waited this long, a little longer is not going to hurt. Obviously something positive is about to unfold. $ Still have patents $ Dr. Nunally positive tweets. Restructuring and reorganizing Chapter 11, or takeover? Either way the stock price will move up significantly. Patience all. Bad time to sell. More good news is on the horizon.
BTW...EDIG SITE BACK UP AGAIN!
Need to read this...
EDIGITAL CORPORATION IS A GOOD RISK/REWARD PLAY...
https://insiderfinancial.com/e-digital-corporation-otcmktsedig-is-a-good-riskreward-play/143092/
Good morning! October 5th will be here before you know it! Looking to accumulate more EDIG today before the PPS it really starts to move. This is going to happen!
Hi bassplayer. Nice post. But it looks like you clipped the link off at the bottom of your post. I have it here:
EDIGITAL CORPORATION IS A GOOD RISK/REWARD PLAY...
https://insiderfinancial.com/e-digital-corporation-otcmktsedig-is-a-good-riskreward-play/143092/
OCTOBER 5TH COMING SOON...
Fred Falk mismanaged this company bigtime and what he has done was to file for Chapter 7 (which the judge will surely dismiss) prematurely in an attempt to get out of it. He has failed the shareholders horribly. They STILL have patents, and they had very LITTLE debt. They STILL have ongoing lawsuits against infringements that are "beneficial" to eDigital Company that are on hold. Dr. Nunally has stated that he has a proven tech turnaround team committed to stepping in. Also, there are other things being worked on that are POSITIVE and not discussed on message boards. All the negativity that you bring up is not going to stop the dismissal of a liquidation Chapter 7, changed to a reorganizing and restructuring Chapter 11. But thanks for your opinion anyway.
A bankruptcy judge may decide any matter connected with a bankruptcy case, such as eligibility to file or whether a debtor should receive a discharge; however, much of the bankruptcy process is administrative. In cases under chapter 7 or 13, this administrative process is carried out by a case trustee appointed by the United States Trustee, to oversee the case.
The trustee if he sees fit (and he does) will then appoint a new CEO and NEW Board Members to restructure and reorganize a NEW eDigital company (or possibly a take over)
REALITY
Fred Falk mismanaged this company bigtime and what he has done was to file for Chapter 7 (which the judge will surely dismiss) prematurely in an attempt to get out of it. He has failed the shareholders horribly. They STILL have patents, and they had very LITTLE debt. They STILL have ongoing lawsuits against infringements that are "beneficial" to eDigital Company that are on hold. Dr. Nunally has stated that he has a proven tech turnaround team committed to stepping in. Also, there are other things being worked on that are POSITIVE and not discussed on message boards. All the negativity that you bring up is not going to stop the dismissal of a liquidation Chapter 7, changed to a reorganizing and restructuring Chapter 11. But thanks for your opinion anyway.
A bankruptcy judge may decide any matter connected with a bankruptcy case, such as eligibility to file or whether a debtor should receive a discharge; however, much of the bankruptcy process is administrative. In cases under chapter 7 or 13, this administrative process is carried out by a case trustee appointed by the United States Trustee, to oversee the case.
The trustee if he sees fit (and he does) will then appoint a new CEO and NEW Board Members to restructure and reorganize a NEW eDigital company (or possibly a take over)
OCTOBER 5TH...WORD IS GETTING OUT
REALITY
Fred Falk mismanaged this company bigtime and what he has done was to file for Chapter 7 (which the judge will surely dismiss) prematurely in an attempt to get out of it. He has failed the shareholders horribly. They STILL have patents, and they had very LITTLE debt. They STILL have ongoing lawsuits against infringements that are "beneficial" to eDigital Company that are on hold. Dr. Nunally has stated that he has a proven tech turnaround team committed to stepping in. Also, there are other things being worked on that are POSITIVE and not discussed on message boards. All the negativity and uncertainty that you bring up is not going to stop the dismissal of a liquidation Chapter 7, changed to a reorganizing and restructuring Chapter 11. But thanks for your opinion anyway.
A bankruptcy judge may decide any matter connected with a bankruptcy case, such as eligibility to file or whether a debtor should receive a discharge; however, much of the bankruptcy process is administrative. In cases under chapter 7 or 13, this administrative process is carried out by a case trustee appointed by the United States Trustee, to oversee the case.
The trustee if he sees fit (and he does) will then appoint a new CEO and NEW Board Members to restructure and reorganize a NEW eDigital company (or possibly a take over)
BID .005 ASK .0057...NEW HIGH SINCE BK
REALITY
Fred Falk mismanaged this company bigtime and what he has done was to file for Chapter 7 (which the judge will surely dismiss) prematurely in an attempt to get out of it. He has failed the shareholders horribly. They STILL have patents, and they had very LITTLE debt. They STILL have ongoing lawsuits against infringements that are "beneficial" to eDigital Company that are on hold. Dr. Nunally has stated that he has a proven tech turnaround team committed to stepping in. Also, there are other things being worked on that are POSITIVE and not discussed on message boards. All the negativity that you bring up is not going to stop the dismissal of a liquidation Chapter 7, changed to a reorganizing and restructuring Chapter 11. But thanks for your opinion anyway.
A bankruptcy judge may decide any matter connected with a bankruptcy case, such as eligibility to file or whether a debtor should receive a discharge; however, much of the bankruptcy process is administrative. In cases under chapter 7 or 13, this administrative process is carried out by a case trustee appointed by the United States Trustee, to oversee the case.
The trustee if he sees fit (and he does) will then appoint a new CEO and NEW Board Members to restructure and reorganize a NEW eDigital company (or possibly a take over)
MeisterPrice, thanks for accurate shareholder information. Nice DD. More people should get the actual facts. The premature filing of Chapter 7 by Fred Falk will be dismissed on October 5th. After that EDIG will really move up.
Don't fret about the relatively low volume. It only means that no one is selling at this time and it is in a holding pattern. Lots of shares out there still being held. Cautiously weak bids are not going to move the PPS at this time. Most new investors are waiting for the judge to dismiss the rushed filing of Chapter 7 on October 5th. When that day comes, then they will undoubtedly have to pay a bit more for their shares though.
DON'T CHASE THE TAIL...
BID = .004 ASK = .005
>>>> DON'T CHASE THE TAIL <<<<
EDIG has had a steady uptick since it bottomed out at .0005 when Falk prematurely filed for Chapter 7. When the judge dismisses it on October 5th, then it will really move.
Great DD. The shareholders know what is going on.
Fred Falk mismanaged this company bigtime and what he has done was to file for Chapter 7 (which the judge will surely dismiss) prematurely in an attempt to get out of it. He has failed the shareholders horribly. They STILL have patents, and they had very LITTLE debt. They STILL have ongoing lawsuits against infringements that are "beneficial" to eDigital Company that are on hold. Dr. Nunally has stated that he has a proven tech turnaround team committed to stepping in. Also, there are other things being worked on that are POSITIVE and not discussed on message boards. All the negativity that you bring up is not going to stop the dismissal of a liquidation Chapter 7, changed to a reorganizing and restructuring Chapter 11. But thanks for your opinion anyway.
A bankruptcy judge may decide any matter connected with a bankruptcy case, such as eligibility to file or whether a debtor should receive a discharge; however, much of the bankruptcy process is administrative. In cases under chapter 7 or 13, this administrative process is carried out by a case trustee appointed by the United States Trustee, to oversee the case.
The trustee if he sees fit (and he does) will then appoint a new CEO and NEW Board Members to restructure and reorganize a NEW eDigital company (or possibly a take over)
AFTER the PREMATURE filing of Chapter 7,
when the share price bottomed out at .0005 on 7/13/17, there has been a slow, but steady uptick in the share price because there has been POSITIVE developments SINCE that time.
RECENTLY On 9/14/17 (new high of .005) and 9/22/17, it was BID .0039 X ASK .005. That is a reflection of the recent POSITIVE developments.
The premature filing of Chapter 7 appears at this time is less significant as noted by the share price increase. Most likely what will happen is either shareholders will see the reorganizing and restructuring of EDIG with a Chapter 11, or possibly a takeover which will undoubtedly drive up the share price significantly.
The Creditors meeting on 9/19/17 was attended by quite a few shareholders who reported positive results (thanks again guys) Still there is another important trial on October 5th when hopefully the judge will quash the premature filing of Chapter 7 and allow for the Trustee to assign NEW Board Members and CEO, so EDIG can get back on track. Looking good thus far!
NEW restructured eDigital Company coming soon.
October 5th will be here before you know it.
Don't chase the tail.
Quite a few of us who actually are in tune to what is going on feel the same way. Falks premature filing of Chapter 7 will be dismissed by the judge on October 5th and then we will all be flying.
You are on it!
NEW restructured eDigital Company coming soon.
October 5th will be here before you know it.
Don't chase the tail.
AFTER the PREMATURE filing of Chapter 7,
when the share price bottomed out at .0005 on 7/13/17, there has been a slow, but steady uptick in the share price because there has been POSITIVE developments SINCE that time.
RECENTLY On 9/14/17 (new high of .005) and 9/22/17, it was BID .0037 X ASK .005. That is a reflection of the recent POSITIVE developments.
The premature filing of Chapter 7 appears at this time is less significant as noted by the share price increase. Most likely what will happen is either shareholders will see the reorganizing and restructuring of EDIG with a Chapter 11, or possibly a takeover which will undoubtedly drive up the share price significantly.
The Creditors meeting on 9/19/17 was attended by quite a few shareholders who reported positive results (thanks again guys) Still there is another important trial on October 5th when hopefully the judge will quash the premature filing of Chapter 7 and allow for the Trustee to assign NEW Board Members and CEO, so EDIG can get back on track. Looking good thus far!
Don't fret about the relatively low volume. It only means that no one is selling at this time and it is in a holding pattern. Lots of shares out there still being held. Cautiously weak bids are not going to move the PPS at this time. Most new investors are waiting for the judge to dismiss the rushed filing of Chapter 7 on October 5th. When that day comes, then they will undoubtedly have to pay a bit more for their shares though.
Patrick Nunally @ Nunally
I agree whole heartedly.
But Bid rose to .0039. That is the highest that it has been since Falk abruptly filed Chapter 7. People are realizing that when October 5th comes, they are going to have to pay a bit more for EDIG. Why chase the tail? At this low PPS it is low risk.
EDIG has had a steady uptick since it bottomed out at .0005 when Falk prematurely filed for Chapter 7. When the judge dismisses it on October 5th, then it will really move.
NEW restructured eDigital Company coming soon.
October 5th will be here before you know it.
Don't chase the tail.
AFTER the PREMATURE filing of Chapter 7,
when the share price bottomed out at .0005 on 7/13/17, there has been a slow, but steady uptick in the share price because there has been POSITIVE developments SINCE that time.
RECENTLY On 9/14/17 (new high of .005) and 9/22/17, it was BID .0037 X ASK .005. That is a reflection of the recent POSITIVE developments.
The premature filing of Chapter 7 appears at this time is less significant as noted by the share price increase. Most likely what will happen is either shareholders will see the reorganizing and restructuring of EDIG with a Chapter 11, or possibly a takeover which will undoubtedly drive up the share price significantly.
The Creditors meeting on 9/19/17 was attended by quite a few shareholders who reported positive results (thanks again guys) Still there is another important trial on October 5th when hopefully the judge will quash the premature filing of Chapter 7 and allow for the Trustee to assign NEW Board Members and CEO, so EDIG can get back on track. Looking good thus far!
Absolutely.
You are correct. October 5th will be here before you know it.
Fred Falk mismanaged this company bigtime and what he has done was to file for Chapter 7 (which the judge will surely dismiss) prematurely in an attempt to get out of it. He has failed the shareholders horribly. They STILL have patents, and they had very LITTLE debt. They STILL have ongoing lawsuits against infringements that are "beneficial" to eDigital Company that are on hold. Dr. Nunally has stated that he has a proven tech turnaround team committed to stepping in. Also, there are other things being worked on that are POSITIVE and not discussed on message boards. All the negativity that you bring up is not going to stop the dismissal of a liquidation Chapter 7, changed to a reorganizing and restructuring Chapter 11. But thanks for your opinion anyway.
A bankruptcy judge may decide any matter connected with a bankruptcy case, such as eligibility to file or whether a debtor should receive a discharge; however, much of the bankruptcy process is administrative. In cases under chapter 7 or 13, this administrative process is carried out by a case trustee appointed by the United States Trustee, to oversee the case.
The trustee if he sees fit (and he does) will then appoint a new CEO and NEW Board Members to restructure and reorganize a NEW eDigital company (or possibly a take over)
AFTER the PREMATURE filing of Chapter 7,
when the share price bottomed out at .0005 on 7/13/17, there has been a slow, but steady uptick in the share price because there has been POSITIVE developments SINCE that time.
RECENTLY On 9/14/17 (new high of .005) and 9/22/17, it was BID .0037 X ASK .005. That is a reflection of the recent POSITIVE developments.
The premature filing of Chapter 7 appears at this time is less significant as noted by the share price increase. Most likely what will happen is either shareholders will see the reorganizing and restructuring of EDIG with a Chapter 11, or possibly a takeover which will undoubtedly drive up the share price significantly.
The Creditors meeting on 9/19/17 was attended by quite a few shareholders who reported positive results (thanks again guys) Still there is another important trial on October 5th when hopefully the judge will quash the premature filing of Chapter 7 and allow for the Trustee to assign NEW Board Members and CEO, so EDIG can get back on track. Looking good thus far!
Don't fret about the relatively low volume. It only means that no one is selling at this time and it is in a holding pattern. Lots of shares out there still being held. Cautiously weak bids are not going to move the PPS at this time. Most new investors are waiting for the judge to dismiss the rushed filing of Chapter 7 on October 5th. When that day comes, then they will undoubtedly have to pay a bit more for their shares though.
Once the judge dismisses the premature filing of the Chapter 7, the Trustee will appoint a NEW CEO and NEW Board Members. How can I be so sure? No one can be a 100% sure. It would be up to the good judge to determine that of course. BUT, there are things being discussed behind the scenes that are not posted on message boards. Just because certain people are not aware of them doesn't mean that they don't exist. All that I can say is that they are very POSITIVE. People can choose to believe what they want.