... or Q4 revenue. What about this statement?
Next week, e.Digital will issue an update regarding this order, and also release information regarding eVU™ business developments, its efforts to monetize its wholly-owned flash memory-related patent portfolio, and other business.
The PR is not an "update" at all, just fluffy hype for damage control. They are now ready to accept orders.
A true update would address the serious Maycom/digEcor fiasco, Q4 revenue, the status of the office relocation and the pending registration of about 60 million common shares to be dumped on the market at anything above $0.08:
In connection with this financing, we agreed to use our best efforts to prepare
and file on or before March 31, 2006 a registration statement covering the
resale of the shares of common stock sold in the financing as well as the shares
of common stock issuable upon the exercise of the warrants.
FWIW, since the traders (who are unaware of the pending S-1 or S-3) are playing it today, it allows some volume to anyone looking to unload shares.
