e.Digital Corporation (fka EDIG)

[murrayhill]

chwdrhed: MM's represent the interests
of their clients, which in this case can be shorting syndicates or hedge funds. Sometimes these entities are their own market maker. If one of these groups has an unannounced agreement to buy shelf shares at a discounted price, they may very well be shorting the stock that they don't own NOW, and replacing it with the soon to be acquired ss's. Those interests that accepted stock in lieu of payment from e.DIGITAL probably participated in just such a scheme.

Thinly traded? As we have seen from examples such as the Parade Magazine cover and private email hype campaigns, large volume can be created with no real fundamental justification for it, IMO.