e.Digital Corporation (fka EDIG)

[Neverending]

Will EDIG.convert to.chapter 11.from 7???? >>>>

EDIG folks are known for finding the optimistic outcome from any one of EDIGs many losing situations for the last 17 years. Now the speculation is EDIG converts from chapter 7 which dissolves the "company" to chapter 11 which reorganizes it. I take it as a given that the company has no assets as some posters who have read the bankruptcy documents stated that. EDIG also does not have enough money to pay anybody. In light of that who would "run" EDIG in chapter 11? The bankruptcy trustee? What and who would he be running? EDIG has a board of directors which met a few times a year fReD fAlk, Miss Mardee and maybe some other guy part time. Nunally was a paid consultant but not now it seems.

It would seem criminal to declare no assets and chapter 7 to dump the shareholders who are of course going to sell then buy up all the shares on the cheap amend your chapter 7 filing to declare the "valuable" (snicker) NUNCHI patents convert to a chapter 11 and go back into "business".

All above in my opinion.