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Dr. Patrick Nunally next CEO?...
Patrick Nunally is a Rocket Scientist (Literally)
Looking around at some of the prior companies he has worked for.
http://www.businesswire.com/news/home/20060627005336/en/e.Digital-Corporation-IP-Veteran-Pat-Nunally-Team
Nunally has more than 20 years of experience in wireless and IP development. Nunally has directed the development of several companies' IP efforts including Patriot Scientific. Nunally co-founded and was executive vice president of Wave Interactive Network (now Wave Systems). He also served as president and chief executive officer of Gruppe Telekom (now owned by Philips). Nunally previously held senior positions with Sensormatic, Intellisys Automation, E-Metrics, General Dynamics and Interstate Electronics.
General Dynamics http://www.generaldynamics.com/
Stock Quote: $212.60
They make Rockets and track vehicles for the military
Hydra Rocket https://www.gd-ots.com/armament_systems/rw_hydra.html
We produce main battle tanks, tracked combat vehicles and light armored vehicles, as well as a broad range of high-performance weapons systems and munitions http://www.generaldynamics.com/our-businesses#combat-systems
Here's a couple of patents he has with General Dynamics.
Fault-resistant solid-state line driver
Patent number: 5025178
https://patents.justia.com/patent/5025178
Date of Patent: Jun 18, 1991
Assignee: General Dynamics Corp., Pomona Div. (Pomona, CA)
Inventor: Patrick O. Nunally (Diamond Bar, CA)
Vacuum well process
Patent number: 4934555
https://patents.justia.com/patent/4934555
Date of Patent: June 19, 1990
Assignee: General Dynamics Corp., Pomona Division
Inventor: Patrick O. Nunally
Vacuum well process
Patent number: 4887544
https://patents.justia.com/patent/4887544
Date of Patent: December 19, 1989
Assignee: General Dynamics Corp., Pomona Div.
Inventor: Patrick O. Nunally
~The latest 8K Filing~by SHORT&DISTORT
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/
EDIGITAL CORPORATION IS A GOOD RISK/REWARD PLAY...
https://insiderfinancial.com/e-digital-corporation-otcmktsedig-is-a-good-riskreward-play/143092/
----------------------------------------------------------------
Sequence of latest positive events:
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 (the PAST).
RECENTLY On 9/27/17, there was NEW high of .0087. It was BID .007 X ASK .0087. That is a reflection of the RECENT POSITIVE developments.
The filing of Chapter 7 appears at THIS TIME to be premature and 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 PPS quite 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 most likely the judge will quash the 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!
Originally stated from REAL SHAREHOLDERS...
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 certain people state is not going to stop the dismissal of a liquidation Chapter 7.
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! <<<(obviously posted PRIOR to the dismissal of the filing of Chapter 7 on October 5th)
NEXT:
-----------------------------------------------------------------
>>>>>>>>AND THEN THIS HAPPENED LIKE SHAREHOLDERS SAID IT WOULD:
E.DIGITAL CORPORATION, A DELAWARE CORPORATION
CHAPTER 7 TRUSTEE'S MOTION TO DISMISS CHAPTER 7 CASE
-----------------
17-04075-LT7
The Motion Requesting Dismissal of Chapter 7 Case filed by Christopher R. Barclay, Chapter 7 Trustee ("Trustee")
[Docket 27] was filed on August 24, 2017 for hearing before the Honorable Laura S. Taylor, United States Bankruptcy Judge
on September 21, 2017 at 10:00 am, in the above-entitled Court. Pursuant to the Order on Stipulation to Continue Hearing on
Motion Requesting Dismissal entered on September 8, 2017, the hearing on the Chapter 7 Trustee’s Motion Requesting
Dismissal of Chapter 7 Case was continued from September 21, 2017 at 10:00 am to October 5, 2017 at 10:00 am [Docket
31]. On September 8, 2017, the Debtor filed an Opposition to the Motion Requesting Dismissal [Docket 33]. On September
15, 2017, the Trustee filed a Reply to the Debtor's Opposition [Docket 39].
At the continued hearing on October 5, 2017, Christopher R. Barclay appeared as the Trustee. Kerry Moynihan, Esq.
appeared as attorney for the Debtor.
The Court having reviewed and considered (i) the Trustee's Motion Requesting Dismissal of Chapter 7 Case, (ii) the
Opposition filed by the Debtor, (iii) the Trustee's Reply to the Debtor's Opposition, and (iv) the record of this entire case,
posted her tentative ruling prior to the continued hearing indicating the Court's inclination to grant the motion. The parties
provided oral argument. Hearing no argument to change the tentative ruling, and for good cause appearing;
IT IS HEREBY ORDERED that:
1. The Trustee's Motion Requesting Dismissal of Chapter 7 Case is granted.
2. The above entitled chapter 7 case is dismissed pursuant to 11 U.S.C. Section 707(a) and 11 U.S.C. 105(a), with a bar to re-filing within 180 days pursuant to 11 U.S.C. 109(g)(1).
>>>>>>>>> IT IS SO ORDERED <<<<<<<<<<<
CHAPTER 7 DISMISSED!
-----------------------------------------------------------------
AND NOW THIS:
PHASE 2 IN OPERATION. PROGRESSING RIGHT ALONG!!!
THE NEW EDIG IS MOVING RIGHT ALONG AS PLANNED!
NEW CEO AND NEW BOARD MEMBERS WILL BE APPOINTED SOON!
8K COMING SOON!
(GREAT TIME TO GET IN WHILE THE PPS IS SO LOW)
I noticed that too. Either that is one large suite 400, LOL, or one of the parties former address. Hmmmmm. That building itself is quite large and houses many offices (suites)
~The latest 8K Filing~
I posted a response to this a while ago, I guessed you missed it because you have posted it once again:
I called that OTCmarket 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.
EDIGITAL CORPORATION IS A GOOD RISK/REWARD PLAY...
https://insiderfinancial.com/e-digital-corporation-otcmktsedig-is-a-good-riskreward-play/143092/
EDIG DD IS ACCURATE:
EDIGITAL CORPORATION IS A GOOD RISK/REWARD PLAY...
https://insiderfinancial.com/e-digital-corporation-otcmktsedig-is-a-good-riskreward-play/143092/
----------------------------------------------------------------
Sequence of latest positive events:
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 (the PAST).
RECENTLY On 9/27/17, there was NEW high of .0087. It was BID .007 X ASK .0087. That is a reflection of the RECENT POSITIVE developments.
The filing of Chapter 7 appears at THIS TIME to be premature and 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 PPS quite 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 most likely the judge will quash the 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!
Originally stated from REAL SHAREHOLDERS...
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 certain people state is not going to stop the dismissal of a liquidation Chapter 7.
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! <<<(obviously posted PRIOR to the dismissal of the filing of Chapter 7 on October 5th)
NEXT:
-----------------------------------------------------------------
>>>>>>>>AND THEN THIS HAPPENED LIKE SHAREHOLDERS SAID IT WOULD:
E.DIGITAL CORPORATION, A DELAWARE CORPORATION
CHAPTER 7 TRUSTEE'S MOTION TO DISMISS CHAPTER 7 CASE
-----------------
17-04075-LT7
The Motion Requesting Dismissal of Chapter 7 Case filed by Christopher R. Barclay, Chapter 7 Trustee ("Trustee")
[Docket 27] was filed on August 24, 2017 for hearing before the Honorable Laura S. Taylor, United States Bankruptcy Judge
on September 21, 2017 at 10:00 am, in the above-entitled Court. Pursuant to the Order on Stipulation to Continue Hearing on
Motion Requesting Dismissal entered on September 8, 2017, the hearing on the Chapter 7 Trustee’s Motion Requesting
Dismissal of Chapter 7 Case was continued from September 21, 2017 at 10:00 am to October 5, 2017 at 10:00 am [Docket
31]. On September 8, 2017, the Debtor filed an Opposition to the Motion Requesting Dismissal [Docket 33]. On September
15, 2017, the Trustee filed a Reply to the Debtor's Opposition [Docket 39].
At the continued hearing on October 5, 2017, Christopher R. Barclay appeared as the Trustee. Kerry Moynihan, Esq.
appeared as attorney for the Debtor.
The Court having reviewed and considered (i) the Trustee's Motion Requesting Dismissal of Chapter 7 Case, (ii) the
Opposition filed by the Debtor, (iii) the Trustee's Reply to the Debtor's Opposition, and (iv) the record of this entire case,
posted her tentative ruling prior to the continued hearing indicating the Court's inclination to grant the motion. The parties
provided oral argument. Hearing no argument to change the tentative ruling, and for good cause appearing;
IT IS HEREBY ORDERED that:
1. The Trustee's Motion Requesting Dismissal of Chapter 7 Case is granted.
2. The above entitled chapter 7 case is dismissed pursuant to 11 U.S.C. Section 707(a) and 11 U.S.C. 105(a), with a bar to re-filing within 180 days pursuant to 11 U.S.C. 109(g)(1).
>>>>>>>>> IT IS SO ORDERED <<<<<<<<<<<
CHAPTER 7 DISMISSED!
-----------------------------------------------------------------
AND NOW THIS:
PHASE 2 IN OPERATION. PROGRESSING RIGHT ALONG!!!
THE NEW EDIG IS MOVING RIGHT ALONG AS PLANNED!
NEW CEO AND NEW BOARD MEMBERS WILL BE APPOINTED SOON!
8K COMING SOON!
(GREAT TIME TO GET IN WHILE THE PPS IS SO LOW)
Dr. Patrick Nunally next CEO?...
Patrick Nunally is a Rocket Scientist (Literally)
Looking around at some of the prior companies he has worked for.
http://www.businesswire.com/news/home/20060627005336/en/e.Digital-Corporation-IP-Veteran-Pat-Nunally-Team
Nunally has more than 20 years of experience in wireless and IP development. Nunally has directed the development of several companies' IP efforts including Patriot Scientific. Nunally co-founded and was executive vice president of Wave Interactive Network (now Wave Systems). He also served as president and chief executive officer of Gruppe Telekom (now owned by Philips). Nunally previously held senior positions with Sensormatic, Intellisys Automation, E-Metrics, General Dynamics and Interstate Electronics.
General Dynamics http://www.generaldynamics.com/
Stock Quote: $212.60
They make Rockets and track vehicles for the military
Hydra Rocket https://www.gd-ots.com/armament_systems/rw_hydra.html
We produce main battle tanks, tracked combat vehicles and light armored vehicles, as well as a broad range of high-performance weapons systems and munitions http://www.generaldynamics.com/our-businesses#combat-systems
Here's a couple of patents he has with General Dynamics.
Fault-resistant solid-state line driver
Patent number: 5025178
https://patents.justia.com/patent/5025178
Date of Patent: Jun 18, 1991
Assignee: General Dynamics Corp., Pomona Div. (Pomona, CA)
Inventor: Patrick O. Nunally (Diamond Bar, CA)
Vacuum well process
Patent number: 4934555
https://patents.justia.com/patent/4934555
Date of Patent: June 19, 1990
Assignee: General Dynamics Corp., Pomona Division
Inventor: Patrick O. Nunally
Vacuum well process
Patent number: 4887544
https://patents.justia.com/patent/4887544
Date of Patent: December 19, 1989
Assignee: General Dynamics Corp., Pomona Div.
Inventor: Patrick O. Nunally
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 (the PAST).
RECENTLY On 9/27/17, there was NEW high of .0087. It was BID .007 X ASK .0087. That is a reflection of the RECENT POSITIVE developments.
The filing of Chapter 7 appears at THIS TIME to be premature and 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 PPS quite 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 most likely the judge will quash the 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!
Originally stated from REAL SHAREHOLDERS...
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 certain people state is not going to stop the dismissal of a liquidation Chapter 7.
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! <<<(obviously posted PRIOR to the dismissal of the filing of Chapter 7 on October 5th)
NEXT:
-----------------------------------------------------------------
>>>>>>>>AND THEN THIS HAPPENED LIKE SHAREHOLDERS SAID IT WOULD:
E.DIGITAL CORPORATION, A DELAWARE CORPORATION
CHAPTER 7 TRUSTEE'S MOTION TO DISMISS CHAPTER 7 CASE
-----------------
17-04075-LT7
The Motion Requesting Dismissal of Chapter 7 Case filed by Christopher R. Barclay, Chapter 7 Trustee ("Trustee")
[Docket 27] was filed on August 24, 2017 for hearing before the Honorable Laura S. Taylor, United States Bankruptcy Judge
on September 21, 2017 at 10:00 am, in the above-entitled Court. Pursuant to the Order on Stipulation to Continue Hearing on
Motion Requesting Dismissal entered on September 8, 2017, the hearing on the Chapter 7 Trustee’s Motion Requesting
Dismissal of Chapter 7 Case was continued from September 21, 2017 at 10:00 am to October 5, 2017 at 10:00 am [Docket
31]. On September 8, 2017, the Debtor filed an Opposition to the Motion Requesting Dismissal [Docket 33]. On September
15, 2017, the Trustee filed a Reply to the Debtor's Opposition [Docket 39].
At the continued hearing on October 5, 2017, Christopher R. Barclay appeared as the Trustee. Kerry Moynihan, Esq.
appeared as attorney for the Debtor.
The Court having reviewed and considered (i) the Trustee's Motion Requesting Dismissal of Chapter 7 Case, (ii) the
Opposition filed by the Debtor, (iii) the Trustee's Reply to the Debtor's Opposition, and (iv) the record of this entire case,
posted her tentative ruling prior to the continued hearing indicating the Court's inclination to grant the motion. The parties
provided oral argument. Hearing no argument to change the tentative ruling, and for good cause appearing;
IT IS HEREBY ORDERED that:
1. The Trustee's Motion Requesting Dismissal of Chapter 7 Case is granted.
2. The above entitled chapter 7 case is dismissed pursuant to 11 U.S.C. Section 707(a) and 11 U.S.C. 105(a), with a bar to re-filing within 180 days pursuant to 11 U.S.C. 109(g)(1).
>>>>>>>>> IT IS SO ORDERED <<<<<<<<<<<
CHAPTER 7 DISMISSED!
-----------------------------------------------------------------
AND NOW THIS:
PHASE 2 IN OPERATION. PROGRESSING RIGHT ALONG!!!
THE NEW EDIG IS MOVING RIGHT ALONG AS PLANNED!
NEW CEO AND NEW BOARD MEMBERS WILL BE APPOINTED SOON!
8K COMING SOON!
(GREAT TIME TO GET IN WHILE THE PPS IS SO LOW)
EDIGITAL CORPORATION IS A GOOD RISK/REWARD PLAY...
https://insiderfinancial.com/e-digital-corporation-otcmktsedig-is-a-good-riskreward-play/143092/
----------------------------------------------------------------
Why do you feel that it will be? Thanks in advance.
~The latest 8K Filing~by Short & Distort
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/
E.DIGITAL CORPORATION, A DELAWARE CORPORATION
CHAPTER 7 TRUSTEE'S MOTION TO DISMISS CHAPTER 7 CASE
17-04075-LT7
The Motion Requesting Dismissal of Chapter 7 Case filed by Christopher R. Barclay, Chapter 7 Trustee ("Trustee")
[Docket 27] was filed on August 24, 2017 for hearing before the Honorable Laura S. Taylor, United States Bankruptcy Judge
on September 21, 2017 at 10:00 am, in the above-entitled Court. Pursuant to the Order on Stipulation to Continue Hearing on
Motion Requesting Dismissal entered on September 8, 2017, the hearing on the Chapter 7 Trustee’s Motion Requesting
Dismissal of Chapter 7 Case was continued from September 21, 2017 at 10:00 am to October 5, 2017 at 10:00 am [Docket
31]. On September 8, 2017, the Debtor filed an Opposition to the Motion Requesting Dismissal [Docket 33]. On September
15, 2017, the Trustee filed a Reply to the Debtor's Opposition [Docket 39].
At the continued hearing on October 5, 2017, Christopher R. Barclay appeared as the Trustee. Kerry Moynihan, Esq.
appeared as attorney for the Debtor.
The Court having reviewed and considered (i) the Trustee's Motion Requesting Dismissal of Chapter 7 Case, (ii) the
Opposition filed by the Debtor, (iii) the Trustee's Reply to the Debtor's Opposition, and (iv) the record of this entire case,
posted her tentative ruling prior to the continued hearing indicating the Court's inclination to grant the motion. The parties
provided oral argument. Hearing no argument to change the tentative ruling, and for good cause appearing;
IT IS HEREBY ORDERED that:
1. The Trustee's Motion Requesting Dismissal of Chapter 7 Case is granted.
2. The above entitled chapter 7 case is dismissed pursuant to 11 U.S.C. Section 707(a) and 11 U.S.C. 105(a), with a bar to re-filing within 180 days pursuant to 11 U.S.C. 109(g)(1).
IT IS SO ORDERED.
------------------------------------------------------------------
LATEST NEWS FROM THE COURT RULING
The Delaware case dismissed entirely!
------------------------------------------------------------------
Latest Pacer News: Trustee hereby withdraws his Notice of Proposed Abandonment of Property!
Richard M Kipperman
P.O. Box 3010
La Mesa, CA 91944
(619) 668-4500
Chapter 7 Trustee
UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF CALIFORNIA
In re: ) CASE NO.: 17-04073-LT7
)
e.DIGITAL CORPORATION, a California )
Corporation, ) NOTICE OF WITHDRAWAL
) OF TRUSTEE’S NOTICE OF
) PROPOSED ABANDONMENT
) OF PROPERTY
Debtor. )
_____________________________________ )
PLEASE TAKE NOTICE that on September 7, 2017, trustee Richard M
Kipperman filed with this court his Notice of Proposed Abandonment of Property, at
docket entry #20, in the above-entitled bankruptcy estate.
PLEASE TAKE FURTHER NOTICE that the trustee hereby withdraws his Notice of Proposed Abandonment of Property.
DATED: October 9, 2017 /s/ Richard M Kipperman
RICHARD M KIPPERMAN
Chapter 7 Trustee
EDIGITAL CORPORATION IS A GOOD RISK/REWARD PLAY...
https://insiderfinancial.com/e-digital-corporation-otcmktsedig-is-a-good-riskreward-play/143092/
Dr. Patrick Nunally next CEO?...
Patrick Nunally is a Rocket Scientist (Literally)
Looking around at some of the prior companies he has worked for.
http://www.businesswire.com/news/home/20060627005336/en/e.Digital-Corporation-IP-Veteran-Pat-Nunally-Team
Nunally has more than 20 years of experience in wireless and IP development. Nunally has directed the development of several companies' IP efforts including Patriot Scientific. Nunally co-founded and was executive vice president of Wave Interactive Network (now Wave Systems). He also served as president and chief executive officer of Gruppe Telekom (now owned by Philips). Nunally previously held senior positions with Sensormatic, Intellisys Automation, E-Metrics, General Dynamics and Interstate Electronics.
General Dynamics http://www.generaldynamics.com/
Stock Quote: $212.60
They make Rockets and track vehicles for the military
Hydra Rocket https://www.gd-ots.com/armament_systems/rw_hydra.html
We produce main battle tanks, tracked combat vehicles and light armored vehicles, as well as a broad range of high-performance weapons systems and munitions http://www.generaldynamics.com/our-businesses#combat-systems
Here's a couple of patents he has with General Dynamics.
Fault-resistant solid-state line driver
Patent number: 5025178
https://patents.justia.com/patent/5025178
Date of Patent: Jun 18, 1991
Assignee: General Dynamics Corp., Pomona Div. (Pomona, CA)
Inventor: Patrick O. Nunally (Diamond Bar, CA)
Vacuum well process
Patent number: 4934555
https://patents.justia.com/patent/4934555
Date of Patent: June 19, 1990
Assignee: General Dynamics Corp., Pomona Division
Inventor: Patrick O. Nunally
Vacuum well process
Patent number: 4887544
https://patents.justia.com/patent/4887544
Date of Patent: December 19, 1989
Assignee: General Dynamics Corp., Pomona Div.
Inventor: Patrick O. Nunally
It will go to .03 - .04 when 8K is released and NEW CEO and NEW Board Members are appointed which is being worked on.
EDIG is on phase 2 right now!
8K coming soon!
Great time to get in while EDIG is low and before PPS moves up!
**~~EDIG DD~~**By Short & Distort
I posted a response to this a while ago, I guessed you missed it because you have posted it once again:
I called that OTCmarket 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.
EDIGITAL CORPORATION IS A GOOD RISK/REWARD PLAY...
https://insiderfinancial.com/e-digital-corporation-otcmktsedig-is-a-good-riskreward-play/143092/
EDIG DD IS ACCURATE:
EDIGITAL CORPORATION IS A GOOD RISK/REWARD PLAY...
https://insiderfinancial.com/e-digital-corporation-otcmktsedig-is-a-good-riskreward-play/143092/
----------------------------------------------------------------
Sequence of latest positive events:
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 (the PAST).
RECENTLY On 9/27/17, there was NEW high of .0087. It was BID .007 X ASK .0087. That is a reflection of the RECENT POSITIVE developments.
The filing of Chapter 7 appears at THIS TIME to be premature and 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 PPS quite 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 most likely the judge will quash the 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!
Originally stated from REAL SHAREHOLDERS...
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 certain people state is not going to stop the dismissal of a liquidation Chapter 7.
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! <<<(obviously posted PRIOR to the dismissal of the filing of Chapter 7 on October 5th)
NEXT:
-----------------------------------------------------------------
>>>>>>>>AND THEN THIS HAPPENED LIKE SHAREHOLDERS SAID IT WOULD:
E.DIGITAL CORPORATION, A DELAWARE CORPORATION
CHAPTER 7 TRUSTEE'S MOTION TO DISMISS CHAPTER 7 CASE
-----------------
17-04075-LT7
The Motion Requesting Dismissal of Chapter 7 Case filed by Christopher R. Barclay, Chapter 7 Trustee ("Trustee")
[Docket 27] was filed on August 24, 2017 for hearing before the Honorable Laura S. Taylor, United States Bankruptcy Judge
on September 21, 2017 at 10:00 am, in the above-entitled Court. Pursuant to the Order on Stipulation to Continue Hearing on
Motion Requesting Dismissal entered on September 8, 2017, the hearing on the Chapter 7 Trustee’s Motion Requesting
Dismissal of Chapter 7 Case was continued from September 21, 2017 at 10:00 am to October 5, 2017 at 10:00 am [Docket
31]. On September 8, 2017, the Debtor filed an Opposition to the Motion Requesting Dismissal [Docket 33]. On September
15, 2017, the Trustee filed a Reply to the Debtor's Opposition [Docket 39].
At the continued hearing on October 5, 2017, Christopher R. Barclay appeared as the Trustee. Kerry Moynihan, Esq.
appeared as attorney for the Debtor.
The Court having reviewed and considered (i) the Trustee's Motion Requesting Dismissal of Chapter 7 Case, (ii) the
Opposition filed by the Debtor, (iii) the Trustee's Reply to the Debtor's Opposition, and (iv) the record of this entire case,
posted her tentative ruling prior to the continued hearing indicating the Court's inclination to grant the motion. The parties
provided oral argument. Hearing no argument to change the tentative ruling, and for good cause appearing;
IT IS HEREBY ORDERED that:
1. The Trustee's Motion Requesting Dismissal of Chapter 7 Case is granted.
2. The above entitled chapter 7 case is dismissed pursuant to 11 U.S.C. Section 707(a) and 11 U.S.C. 105(a), with a bar to re-filing within 180 days pursuant to 11 U.S.C. 109(g)(1).
>>>>>>>>> IT IS SO ORDERED <<<<<<<<<<<
CHAPTER 7 DISMISSED!
-----------------------------------------------------------------
AND NOW THIS:
PHASE 2 IN OPERATION. PROGRESSING RIGHT ALONG!!!
THE NEW EDIG IS MOVING RIGHT ALONG AS PLANNED!
NEW CEO AND NEW BOARD MEMBERS WILL BE APPOINTED SOON!
8K COMING SOON!
(GREAT TIME TO GET IN WHILE THE PPS IS SO LOW)
It will go to at least .03 - .04 like it was before the BK. Give it a little time. Things are being reorganized. Great time to get in while the PPS is so low.
It actually is way low.
To simplify, when a price of a stock (PPS) is trading lower, as EDIG is right now, it is a good time to BUY. When the PPS rises, it is up to the buyer when they want to SELL to collect the profit.
MY EDIG DD IS ACCURATE:
EDIGITAL CORPORATION IS A GOOD RISK/REWARD PLAY...
https://insiderfinancial.com/e-digital-corporation-otcmktsedig-is-a-good-riskreward-play/143092/
----------------------------------------------------------------
Sequence of latest positive events:
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 (the PAST).
RECENTLY On 9/27/17, there was NEW high of .0087. It was BID .007 X ASK .0087. That is a reflection of the RECENT POSITIVE developments.
The filing of Chapter 7 appears at THIS TIME to be premature and 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 PPS quite 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 most likely the judge will quash the 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!
Originally stated from REAL SHAREHOLDERS...
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 certain people state is not going to stop the dismissal of a liquidation Chapter 7.
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! <<<(obviously posted PRIOR to the dismissal of the filing of Chapter 7 on October 5th)
NEXT:
-----------------------------------------------------------------
>>>>>>>>AND THEN THIS HAPPENED LIKE SHAREHOLDERS SAID IT WOULD:
E.DIGITAL CORPORATION, A DELAWARE CORPORATION
CHAPTER 7 TRUSTEE'S MOTION TO DISMISS CHAPTER 7 CASE
-----------------
17-04075-LT7
The Motion Requesting Dismissal of Chapter 7 Case filed by Christopher R. Barclay, Chapter 7 Trustee ("Trustee")
[Docket 27] was filed on August 24, 2017 for hearing before the Honorable Laura S. Taylor, United States Bankruptcy Judge
on September 21, 2017 at 10:00 am, in the above-entitled Court. Pursuant to the Order on Stipulation to Continue Hearing on
Motion Requesting Dismissal entered on September 8, 2017, the hearing on the Chapter 7 Trustee’s Motion Requesting
Dismissal of Chapter 7 Case was continued from September 21, 2017 at 10:00 am to October 5, 2017 at 10:00 am [Docket
31]. On September 8, 2017, the Debtor filed an Opposition to the Motion Requesting Dismissal [Docket 33]. On September
15, 2017, the Trustee filed a Reply to the Debtor's Opposition [Docket 39].
At the continued hearing on October 5, 2017, Christopher R. Barclay appeared as the Trustee. Kerry Moynihan, Esq.
appeared as attorney for the Debtor.
The Court having reviewed and considered (i) the Trustee's Motion Requesting Dismissal of Chapter 7 Case, (ii) the
Opposition filed by the Debtor, (iii) the Trustee's Reply to the Debtor's Opposition, and (iv) the record of this entire case,
posted her tentative ruling prior to the continued hearing indicating the Court's inclination to grant the motion. The parties
provided oral argument. Hearing no argument to change the tentative ruling, and for good cause appearing;
IT IS HEREBY ORDERED that:
1. The Trustee's Motion Requesting Dismissal of Chapter 7 Case is granted.
2. The above entitled chapter 7 case is dismissed pursuant to 11 U.S.C. Section 707(a) and 11 U.S.C. 105(a), with a bar to re-filing within 180 days pursuant to 11 U.S.C. 109(g)(1).
>>>>>>>>> IT IS SO ORDERED <<<<<<<<<<<
CHAPTER 7 DISMISSED!
-----------------------------------------------------------------
AND NOW THIS:
PHASE 2 IN OPERATION. PROGRESSING RIGHT ALONG!!!
THE NEW EDIG IS MOVING RIGHT ALONG AS PLANNED!
NEW CEO AND NEW BOARD MEMBERS WILL BE APPOINTED SOON!
8K COMING SOON!
(GREAT TIME TO GET IN WHILE THE PPS IS SO LOW)
If that is true, you are selling at the wrong time. You are supposed to buy while the PPS is low, and sell when the PPS rises. Right now actually is good tome to buy since the PPS is so low.
friendlyfred...thanks for pointing that out. My mistake.
And I thought that you didn't care!
I love you man!
*Correction: MARKET MAKERS
And I always thought that MOMO was slang for Market Maker.
You learn something new every day.
Thanks for correcting that for me. You really ARE friendlyfred!
As soon as they can drive it down far enough so they and their buds can make a few bucks in their "Short and Distort" SCAM. They may be finished for a little while, but I wouldn't bet on it. Sometimes they drive it down a bit too far and it chases quite a few shareholders away and scares potential investors, and then it takes time to recover. It is amazing that these guys are actually screwing around with a stock that is trading at a half a cent. MOMO's aren't the sharpest tools in the shed, but they know how to make a quick buck. Their latest game started Tuesday when it was a pretty good day for EDIG. Before it closed it was Bid .005 X Ask .007. Believe it closed around .0055. However the next day, they did what they usually do when they are going to crush it, by starting the day off with a Sell at .005 at only 500 shares. After that they just whacked the Ask and the Bid followed. A $2.50 trade started the downward spiral! There were a lot of trades between .004 and .0049. Now we are down to .0039 with low volume on MOMO BS.
**~~EDIG DD~~**By Short & Distort
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.
EDIGITAL CORPORATION IS A GOOD RISK/REWARD PLAY...
https://insiderfinancial.com/e-digital-corporation-otcmktsedig-is-a-good-riskreward-play/143092/
Good one jimbo! Too funny!
MY EDIG DD IS ACCURATE:
EDIGITAL CORPORATION IS A GOOD RISK/REWARD PLAY...
https://insiderfinancial.com/e-digital-corporation-otcmktsedig-is-a-good-riskreward-play/143092/
----------------------------------------------------------------
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 (the PAST).
RECENTLY On 9/27/17, there was NEW high of .0087. It was BID .007 X ASK .0087. That is a reflection of the RECENT POSITIVE developments.
The filing of Chapter 7 appears at THIS TIME to be premature and 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 PPS quite 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 most likely the judge will quash the 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!
FROM REAL SHAREHOLDERS...
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 certain people state is not going to stop the dismissal of a liquidation Chapter 7.
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! <<<(obviously posted PRIOR to the dismissal of the filing of Chapter 7 on October 5th)
NEXT:
-----------------------------------------------------------------
>>>>>>>>AND THEN THIS HAPPENED LIKE SHAREHOLDERS SAID IT WOULD:
E.DIGITAL CORPORATION, A DELAWARE CORPORATION
CHAPTER 7 TRUSTEE'S MOTION TO DISMISS CHAPTER 7 CASE
17-04075-LT7
The Motion Requesting Dismissal of Chapter 7 Case filed by Christopher R. Barclay, Chapter 7 Trustee ("Trustee")
[Docket 27] was filed on August 24, 2017 for hearing before the Honorable Laura S. Taylor, United States Bankruptcy Judge
on September 21, 2017 at 10:00 am, in the above-entitled Court. Pursuant to the Order on Stipulation to Continue Hearing on
Motion Requesting Dismissal entered on September 8, 2017, the hearing on the Chapter 7 Trustee’s Motion Requesting
Dismissal of Chapter 7 Case was continued from September 21, 2017 at 10:00 am to October 5, 2017 at 10:00 am [Docket
31]. On September 8, 2017, the Debtor filed an Opposition to the Motion Requesting Dismissal [Docket 33]. On September
15, 2017, the Trustee filed a Reply to the Debtor's Opposition [Docket 39].
At the continued hearing on October 5, 2017, Christopher R. Barclay appeared as the Trustee. Kerry Moynihan, Esq.
appeared as attorney for the Debtor.
The Court having reviewed and considered (i) the Trustee's Motion Requesting Dismissal of Chapter 7 Case, (ii) the
Opposition filed by the Debtor, (iii) the Trustee's Reply to the Debtor's Opposition, and (iv) the record of this entire case,
posted her tentative ruling prior to the continued hearing indicating the Court's inclination to grant the motion. The parties
provided oral argument. Hearing no argument to change the tentative ruling, and for good cause appearing;
IT IS HEREBY ORDERED that:
1. The Trustee's Motion Requesting Dismissal of Chapter 7 Case is granted.
2. The above entitled chapter 7 case is dismissed pursuant to 11 U.S.C. Section 707(a) and 11 U.S.C. 105(a), with a bar to re-filing within 180 days pursuant to 11 U.S.C. 109(g)(1).
>>>>>>>>> IT IS SO ORDERED <<<<<<<<<<<
DISMISSED!
------------------------------------------------------------------
AND NOW THIS:
PHASE 2 IN OPERATION. PROGRESSING RIGHT ALONG!!!
THE NEW EDIG IS MOVING RIGHT ALONG AS PLANNED!
NEW CEO AND NEW BOARD MEMBERS WILL BE APPOINTED SOON!
8K COMING SOON!
(GREAT TIME TO GET IN WHILE THE PPS IS SO LOW)
Hang in there. MOMO is still working on it.
Thanks for your question. No. Anything else?
Glad to help. Let me know if I can assist you further.
I wasn't going to respond but I get a lot of requests all the time. Anyway... GO EDIG!!!
I am thinking about the same .03 - .04
...in the near future. In the meantime, lets see what happens after the MOMO's stop playing their games. Should move up a little.
Speaking of Market Makers. Did you notice how they will for example have a Buy (Ask) at say 10,000, 20,000, 30,000 shares at .0035 and then the stock will momentarily go up. Then the next Sell they drive it down at .0028 and it is always like 100, 300, 700 shares. And another thing, most of the time they usually have a Sell (Bid) at the close.
Ok, who is in with you on your "Short and Distort" SCAM?
Pick a MOMO:
1.) ETRF
2.) CDEL
3.) NITE
4.) CSTI
5.) CANT
6.) PUMA
7.) MAXM
It'll be ok, I won't alert the SEC, promise. You won't get FINED, and the MOMO won't LOSE his LICENSE for perpetrating a SCAM on a stock trading at less then half a cent. Trust me ; )
>>> Short and Distort scams are "ILLEGAL" and involve short selling a stock while smearing the company with rumors to drive the stock’s price down. <<<
Did you cover your short position today?
Actually that was released in July. More RECENTLY:
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 (the PAST).
RECENTLY On 9/27/17, there was NEW high of .0087. It was BID .007 X ASK .0087. That is a reflection of the RECENT POSITIVE developments.
The filing of Chapter 7 appears at THIS TIME to be premature and 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 PPS quite 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 most likely the judge will quash the 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!
FROM REAL SHAREHOLDERS...
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 certain people state is not going to stop the dismissal of a liquidation Chapter 7.
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! <<<(obviously posted PRIOR to the dismissal of the filing of Chapter 7 on October 5th)
NEXT:
-----------------------------------------------------------------
>>>>>>>>AND THEN THIS HAPPENED LIKE SHAREHOLDERS SAID IT WOULD:
E.DIGITAL CORPORATION, A DELAWARE CORPORATION
CHAPTER 7 TRUSTEE'S MOTION TO DISMISS CHAPTER 7 CASE
17-04075-LT7
The Motion Requesting Dismissal of Chapter 7 Case filed by Christopher R. Barclay, Chapter 7 Trustee ("Trustee")
[Docket 27] was filed on August 24, 2017 for hearing before the Honorable Laura S. Taylor, United States Bankruptcy Judge
on September 21, 2017 at 10:00 am, in the above-entitled Court. Pursuant to the Order on Stipulation to Continue Hearing on
Motion Requesting Dismissal entered on September 8, 2017, the hearing on the Chapter 7 Trustee’s Motion Requesting
Dismissal of Chapter 7 Case was continued from September 21, 2017 at 10:00 am to October 5, 2017 at 10:00 am [Docket
31]. On September 8, 2017, the Debtor filed an Opposition to the Motion Requesting Dismissal [Docket 33]. On September
15, 2017, the Trustee filed a Reply to the Debtor's Opposition [Docket 39].
At the continued hearing on October 5, 2017, Christopher R. Barclay appeared as the Trustee. Kerry Moynihan, Esq.
appeared as attorney for the Debtor.
The Court having reviewed and considered (i) the Trustee's Motion Requesting Dismissal of Chapter 7 Case, (ii) the
Opposition filed by the Debtor, (iii) the Trustee's Reply to the Debtor's Opposition, and (iv) the record of this entire case,
posted her tentative ruling prior to the continued hearing indicating the Court's inclination to grant the motion. The parties
provided oral argument. Hearing no argument to change the tentative ruling, and for good cause appearing;
IT IS HEREBY ORDERED that:
1. The Trustee's Motion Requesting Dismissal of Chapter 7 Case is granted.
2. The above entitled chapter 7 case is dismissed pursuant to 11 U.S.C. Section 707(a) and 11 U.S.C. 105(a), with a bar to re-filing within 180 days pursuant to 11 U.S.C. 109(g)(1).
>>>>>>>>> IT IS SO ORDERED <<<<<<<<<<<
DISMISSED!
------------------------------------------------------------------
AND NOW THIS:
PHASE 2 IN OPERATION. PROGRESSING RIGHT ALONG!!!
THE NEW EDIG IS MOVING RIGHT ALONG AS PLANNED!
NEW CEO AND NEW BOARD MEMBERS WILL BE APPOINTED SOON!
8K COMING SOON!
(GREAT TIME TO GET IN WHILE THE PPS IS SO LOW)
EDIGITAL CORPORATION IS A GOOD RISK/REWARD PLAY...
https://insiderfinancial.com/e-digital-corporation-otcmktsedig-is-a-good-riskreward-play/143092/
----------------------------------------------------------------
**~~EDIG DD~~**By RECENT
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.
EDIGITAL CORPORATION IS A GOOD RISK/REWARD PLAY...
https://insiderfinancial.com/e-digital-corporation-otcmktsedig-is-a-good-riskreward-play/143092/
EDIGITAL CORPORATION IS A GOOD RISK/REWARD PLAY...
https://insiderfinancial.com/e-digital-corporation-otcmktsedig-is-a-good-riskreward-play/143092/
----------------------------------------------------------------
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 (the PAST).
RECENTLY On 9/27/17, there was NEW high of .0087. It was BID .007 X ASK .0087. That is a reflection of the RECENT POSITIVE developments.
The filing of Chapter 7 appears at THIS TIME to be premature and 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 PPS quite 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 most likely the judge will quash the 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!
FROM REAL SHAREHOLDERS...
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 certain people state is not going to stop the dismissal of a liquidation Chapter 7.
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! <<<(obviously posted PRIOR to the dismissal of the filing of Chapter 7 on October 5th)
NEXT:
-----------------------------------------------------------------
>>>>>>>>AND THEN THIS HAPPENED LIKE SHAREHOLDERS SAID IT WOULD:
E.DIGITAL CORPORATION, A DELAWARE CORPORATION
CHAPTER 7 TRUSTEE'S MOTION TO DISMISS CHAPTER 7 CASE
17-04075-LT7
The Motion Requesting Dismissal of Chapter 7 Case filed by Christopher R. Barclay, Chapter 7 Trustee ("Trustee")
[Docket 27] was filed on August 24, 2017 for hearing before the Honorable Laura S. Taylor, United States Bankruptcy Judge
on September 21, 2017 at 10:00 am, in the above-entitled Court. Pursuant to the Order on Stipulation to Continue Hearing on
Motion Requesting Dismissal entered on September 8, 2017, the hearing on the Chapter 7 Trustee’s Motion Requesting
Dismissal of Chapter 7 Case was continued from September 21, 2017 at 10:00 am to October 5, 2017 at 10:00 am [Docket
31]. On September 8, 2017, the Debtor filed an Opposition to the Motion Requesting Dismissal [Docket 33]. On September
15, 2017, the Trustee filed a Reply to the Debtor's Opposition [Docket 39].
At the continued hearing on October 5, 2017, Christopher R. Barclay appeared as the Trustee. Kerry Moynihan, Esq.
appeared as attorney for the Debtor.
The Court having reviewed and considered (i) the Trustee's Motion Requesting Dismissal of Chapter 7 Case, (ii) the
Opposition filed by the Debtor, (iii) the Trustee's Reply to the Debtor's Opposition, and (iv) the record of this entire case,
posted her tentative ruling prior to the continued hearing indicating the Court's inclination to grant the motion. The parties
provided oral argument. Hearing no argument to change the tentative ruling, and for good cause appearing;
IT IS HEREBY ORDERED that:
1. The Trustee's Motion Requesting Dismissal of Chapter 7 Case is granted.
2. The above entitled chapter 7 case is dismissed pursuant to 11 U.S.C. Section 707(a) and 11 U.S.C. 105(a), with a bar to re-filing within 180 days pursuant to 11 U.S.C. 109(g)(1).
>>>>>>>>> IT IS SO ORDERED <<<<<<<<<<<
DISMISSED!
------------------------------------------------------------------
AND NOW THIS:
PHASE 2 IN OPERATION. PROGRESSING RIGHT ALONG!!!
THE NEW EDIG IS MOVING RIGHT ALONG AS PLANNED!
NEW CEO AND NEW BOARD MEMBERS WILL BE APPOINTED SOON!
8K COMING SOON!
(GREAT TIME TO GET IN WHILE THE PPS IS SO LOW)
Great post from 8 years ago! Desperate much???
ROTFLMAO!!!
MOMO SHAKE OUT = FAKE OUT
DON'T BE FOOLED! MORE GOOD NEWS COMING SOON!
MoMo's finished doing their little dance?
SHAKE OUT = FAKE OUT
MY EDIG DD IS ACCURATE:
EDIGITAL CORPORATION IS A GOOD RISK/REWARD PLAY...
https://insiderfinancial.com/e-digital-corporation-otcmktsedig-is-a-good-riskreward-play/143092/
----------------------------------------------------------------
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 (the PAST).
RECENTLY On 9/27/17, there was NEW high of .0087. It was BID .007 X ASK .0087. That is a reflection of the RECENT POSITIVE developments.
The filing of Chapter 7 appears at THIS TIME to be premature and 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 PPS quite 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 most likely the judge will quash the 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!
FROM REAL SHAREHOLDERS...
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 certain people state is not going to stop the dismissal of a liquidation Chapter 7.
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! <<<(obviously posted PRIOR to the dismissal of the filing of Chapter 7 on October 5th)
NEXT:
-----------------------------------------------------------------
>>>>>>>>AND THEN THIS HAPPENED LIKE SHAREHOLDERS SAID IT WOULD:
E.DIGITAL CORPORATION, A DELAWARE CORPORATION
CHAPTER 7 TRUSTEE'S MOTION TO DISMISS CHAPTER 7 CASE
17-04075-LT7
The Motion Requesting Dismissal of Chapter 7 Case filed by Christopher R. Barclay, Chapter 7 Trustee ("Trustee")
[Docket 27] was filed on August 24, 2017 for hearing before the Honorable Laura S. Taylor, United States Bankruptcy Judge
on September 21, 2017 at 10:00 am, in the above-entitled Court. Pursuant to the Order on Stipulation to Continue Hearing on
Motion Requesting Dismissal entered on September 8, 2017, the hearing on the Chapter 7 Trustee’s Motion Requesting
Dismissal of Chapter 7 Case was continued from September 21, 2017 at 10:00 am to October 5, 2017 at 10:00 am [Docket
31]. On September 8, 2017, the Debtor filed an Opposition to the Motion Requesting Dismissal [Docket 33]. On September
15, 2017, the Trustee filed a Reply to the Debtor's Opposition [Docket 39].
At the continued hearing on October 5, 2017, Christopher R. Barclay appeared as the Trustee. Kerry Moynihan, Esq.
appeared as attorney for the Debtor.
The Court having reviewed and considered (i) the Trustee's Motion Requesting Dismissal of Chapter 7 Case, (ii) the
Opposition filed by the Debtor, (iii) the Trustee's Reply to the Debtor's Opposition, and (iv) the record of this entire case,
posted her tentative ruling prior to the continued hearing indicating the Court's inclination to grant the motion. The parties
provided oral argument. Hearing no argument to change the tentative ruling, and for good cause appearing;
IT IS HEREBY ORDERED that:
1. The Trustee's Motion Requesting Dismissal of Chapter 7 Case is granted.
2. The above entitled chapter 7 case is dismissed pursuant to 11 U.S.C. Section 707(a) and 11 U.S.C. 105(a), with a bar to re-filing within 180 days pursuant to 11 U.S.C. 109(g)(1).
>>>>>>>>> IT IS SO ORDERED <<<<<<<<<<<
DISMISSED!
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AND NOW THIS:
PHASE 2 IN OPERATION. PROGRESSING RIGHT ALONG!!!
THE NEW EDIG IS MOVING RIGHT ALONG AS PLANNED!
NEW CEO AND NEW BOARD MEMBERS WILL BE APPOINTED SOON!
8K COMING SOON!
(GREAT TIME TO GET IN WHILE THE PPS IS SO LOW)