e.Digital Corporation (fka EDIG)

[notmpsalias]

Now that is ACCURATE DD:

EDIGITAL CORPORATION IS A GOOD RISK/REWARD PLAY...

https://insiderfinancial.com/e-digital-corporation-otcmktsedig-is-a-good-riskreward-play/143092/

----------------------------------------------------------------

AFTER the PREMATURE filing of Chapter 7,
when the share price bottomed out at .0005 on 7/13/17, there has been a slow, but steady uptick in the share price because there has been POSITIVE developments SINCE that time (the PAST).

RECENTLY On 9/27/17, there was NEW high of .0087. It was BID .007 X ASK .0087. That is a reflection of the RECENT POSITIVE developments.

The filing of Chapter 7 appears at THIS TIME to be premature and less significant as noted by the share price increase. Most likely what will happen is either shareholders will see the reorganizing and restructuring of EDIG with a Chapter 11, or possibly a takeover which will undoubtedly drive up the PPS quite significantly.

The Creditors meeting on 9/19/17 was attended by quite a few shareholders who reported positive results (thanks again guys) Still there is another important trial on October 5th when most likely the judge will quash the filing of Chapter 7 and allow for the Trustee to assign NEW Board Members and CEO, so EDIG can get back on track. Looking good thus far!

FROM REAL SHAREHOLDERS...

REALITY:

Fred Falk mismanaged this company bigtime and what he has done was to file for Chapter 7 (which the judge will surely dismiss) prematurely in an attempt to get out of it. He has failed the shareholders horribly. They STILL have patents, and they had very LITTLE debt. They STILL have ongoing lawsuits against infringements that are "beneficial" to eDigital Company that are on hold. Dr. Nunally has stated that he has a proven tech turnaround team committed to stepping in. Also, there are other things being worked on that are POSITIVE and not discussed on message boards. All the negativity that certain people state is not going to stop the dismissal of a liquidation Chapter 7.

A bankruptcy judge may decide any matter connected with a bankruptcy case, such as eligibility to file or whether a debtor should receive a discharge; however, much of the bankruptcy process is administrative. In cases under chapter 7 or 13, this administrative process is carried out by a case trustee appointed by the United States Trustee, to oversee the case.

The trustee if he sees fit (and he does) will then appoint a new CEO and NEW Board Members to restructure and reorganize a NEW eDigital company (or possibly a take over)


OCTOBER 5TH COMING SOON! <<<(obviously posted PRIOR to the dismissal of the filing of Chapter 7 on October 5th)


NEXT:
-----------------------------------------------------------------
>>>>>>>>AND THEN THIS HAPPENED LIKE SHAREHOLDERS SAID IT WOULD:




E.DIGITAL CORPORATION, A DELAWARE CORPORATION



CHAPTER 7 TRUSTEE'S MOTION TO DISMISS CHAPTER 7 CASE



17-04075-LT7





The Motion Requesting Dismissal of Chapter 7 Case filed by Christopher R. Barclay, Chapter 7 Trustee ("Trustee")



[Docket 27] was filed on August 24, 2017 for hearing before the Honorable Laura S. Taylor, United States Bankruptcy Judge



on September 21, 2017 at 10:00 am, in the above-entitled Court. Pursuant to the Order on Stipulation to Continue Hearing on



Motion Requesting Dismissal entered on September 8, 2017, the hearing on the Chapter 7 Trustee’s Motion Requesting



Dismissal of Chapter 7 Case was continued from September 21, 2017 at 10:00 am to October 5, 2017 at 10:00 am [Docket



31]. On September 8, 2017, the Debtor filed an Opposition to the Motion Requesting Dismissal [Docket 33]. On September



15, 2017, the Trustee filed a Reply to the Debtor's Opposition [Docket 39].



At the continued hearing on October 5, 2017, Christopher R. Barclay appeared as the Trustee. Kerry Moynihan, Esq.



appeared as attorney for the Debtor.



The Court having reviewed and considered (i) the Trustee's Motion Requesting Dismissal of Chapter 7 Case, (ii) the



Opposition filed by the Debtor, (iii) the Trustee's Reply to the Debtor's Opposition, and (iv) the record of this entire case,



posted her tentative ruling prior to the continued hearing indicating the Court's inclination to grant the motion. The parties



provided oral argument. Hearing no argument to change the tentative ruling, and for good cause appearing;



IT IS HEREBY ORDERED that:



1. The Trustee's Motion Requesting Dismissal of Chapter 7 Case is granted.



2. The above entitled chapter 7 case is dismissed pursuant to 11 U.S.C. Section 707(a) and 11 U.S.C. 105(a), with a bar to re-filing within 180 days pursuant to 11 U.S.C. 109(g)(1).



>>>>>>>>> IT IS SO ORDERED <<<<<<<<<<<
DISMISSED!

------------------------------------------------------------------

AND NOW THIS:



PHASE 2 IN OPERATION. PROGRESSING RIGHT ALONG!!!

THE NEW EDIG IS MOVING RIGHT ALONG AS PLANNED!
NEW CEO AND NEW BOARD MEMBERS WILL BE APPOINTED SOON!
8K COMING SOON!

(GREAT TIME TO GET IN WHILE THE PPS IS SO LOW)