e.Digital Corporation (fka EDIG)

[JBocca9801]

But...

You were the one who said that the "massive dilution" was to occur on or before June 30, 2003.

Remember??

Posted by: Cassandra
In reply to: Sentinel who wrote msg# 34622 Date:4/23/2003 3:10:14 PM
Post #of 39991

Sentinel: I have posted extensive information about the upcoming S-3 that is to be filed by EDIG on or before 6/30/03 both here and on RB. Here's one of the posts: #msg-892577

http://www.investorshub.com/boards/read_msg.asp?message_id=944003

Posted by: Cassandra
In reply to: DABOSS who wrote msg# 34628 Date:4/23/2003 3:25:02 PM
Post #of 39994

DABOSS: What do you think the impact will be on the share price when EDIG files another S-3 to register several million more common shares on or before 6/30/03?

http://www.investorshub.com/boards/read_msg.asp?message_id=944074

Posted by: Cassandra
In reply to: 9miles who wrote msg# 34634 Date:4/23/2003 3:46:35 PM
Post #of 39994

9 miles: I consider 20-30% dilution to be rather massive, don't you? The last registration was only 15% dilution and it took the share price down from $1.08 to .70 very quickly with a continuing downtrend to the current level.

This upcoming dilution within 5 weeks could be even worse since the holders of the Series D CP shares can short them before converting to cover. All they need to do is to wait for EDIG to sell shelf shares at increasingly lower levels to reset the conversion price.

http://www.investorshub.com/boards/read_msg.asp?message_id=944177


Cassandra, why don't you do the classy thing and just admit that you were not correct?

BTW, nobody is saying that a registration will not occur, but rather that it didn't have to happen in the time frame you were so adamant about.