e.Digital Corporation (fka EDIG)

[Neverending]

Most posters thought EDIG was.going.to.da.moon from what I read especially the FI folks. A few had doubts but most were long time true believers and even the hint of criticism would bring a withering attack and defense of EDIG. I always said I thought EDIG was junk but assumed they had a trick up their sleeves. "jefother" on the FI board actually specifically mentioned bankruptcy as a possibility when the financials were not filed by June 29th.

Anyway everybody should have thought they could go bankrupt because the financials said they only had 362k or so as of Dec 31 2016 with a burn rate of 100k a month. Even with the "multiple settlements EDIG announced in April knowing the settlements tended to be low should have led people to be aware of the possibility EDIG would run out of money. That and the "going concern" statement in their financials. In my opinion.